Web3 Domain Alliance Launches To Protect Users’ Digital Identities

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Lisbon, Portugal, 2nd November, 2022, Chainwire

The newly formed member-led alliance will support the development of Web3 domains and work to fight bad actors, cybersquatting and domain collisions in Web3

Today, the Web3 Domain Alliance was formed – a new coalition that aims to promote the technological advancement and interoperability of Web3 domain registries and improve the experience of Web3 users. The alliance will seek to prevent malicious phishing attacks, bad actors impersonating Web3 “top-level domains” (W3TLDs), cybersquatting and Web3 domain collisions. The member-led group includes leading blockchain and Web3 naming players including Unstoppable Domains (.crypto, .nft, .x, .wallet, .bitcoin, .dao, .888, .zil, and .blockchain), Bonfida (.sol), Tezos Domains (.tez), Polkadot Name System (.dot), Hedera (.hbar), Syscoin (.sys), and klaytn.domains (.klay) that are working together to provide protection for Web3 domain names. This cross-chain coalition includes naming systems across the Polygon, Ethereum, Solana, Tezos, Polkadot, Hedera, and Klayton blockchains.

While traditional Web2 domain names are organized by the Internet Corporation for Assigned Names and Numbers (ICANN), an American nonprofit organization responsible for coordinating namespace databases, there is no such governing body or alliance in Web3. Web3 domains, such as sandy.nft, nate.hbar or sarah.sol, provide infrastructure that allows people to own their Web3 identity and data on the Internet. With demand for Web3 domains booming, there are still no set industry standards to prevent issues like fraud or