TECH Talk: Guide to Web3 Domains: A Deep Dive into TLD Investing and the Handshake Protocol
In our latest podcast episode, we delve into the promising world of Top-Level Domain (TLD) investment, an intriguing facet of the rapidly evolving Web3 landscape. This sector isn't just about owning a domain name; it's about making strategic moves that involve thorough research, understanding your target audience, and keeping an eye out for potential threats and opportunities.
We shed light on the competition between .sats on Bitcoin and those on the Handshake blockchain. These two blockchain technologies can seem complex, but we aim to break down these complexities. Before placing your bets, conducting robust research is vital. We highlight the role of registrars in this space and discuss strategies to build a winning portfolio.
Our journey then takes us into the heart of the Handshake community protocol. This ambitious protocol seeks to decentralize the Domain Name System (DNS). However, this ambition is not without its challenges and opportunities. How this community navigates these hurdles could shape the future of the internet.
In our episode, we evaluate key players in this space such as Handshake, Decentraweb, Freename, Unstoppable, and SpaceID. We weigh their pros and cons and offer some food for thought on how each could shape the future of the Web3 space and decentralization.
We then turn our attention to the opportunities that owning and investing in a TLD on Web3 present. The importance of understanding the audience you're targeting cannot be overstated. It's crucial to add value and be direct with your crowd. Moreover, there's a need to thoroughly research domains and the competition between .sats on Bitcoin and those on the Handshake blockchain.
Next, we delve deeper into the TLD investment space, discussing the permissionless players accessible to individual investors. We analyze the pros and cons of Handshake, Decentraweb, Freename, Unstoppable, and SpaceID. We also consider how these permissionless players differ from collaborative players and the advantages of each.
Our exploration of the Handshake community protocol brings up topics like the need for technical knowledge, the decentralized future council, and the tension between the technical aspects and the people involved. We discuss the possibility of mirroring the DNS system and the importance of incorporating people into the technology.
Finally, we explore the potential of building a consumer base on this platform. We discuss how the names of these TLDs can be used to create browser extensions, apps, and other content. Additionally, we discuss the potential of creating a movement in this space and how the Handshake community and its protocol can decentralize the DNS system.
In conclusion, investing in Web3 domains is a complex but rewarding endeavor. It requires technical knowledge, strategic thinking, and a deep understanding of the landscape. However, with careful planning and execution, it can open up exciting new opportunities in the world of decentralized internet.
Want to LEARN more about Web3 Domains and Digital Identity?
My name is Marcus Andrews aka” WenAirDrop”, founder of IHeartDomains LLC, and since 2022 we have been a leading resource for News, Innovations, Education, Alpha and Business Development in the Web3 Domain & Digital Identity space.
If you're interested in Web3 domain insights, development, and news, don't miss our upcoming TECH Talk episodes featuring industry builders. Join our live discussions on Twitter/X spaces and engage with our community on platforms like Warpcast and Link3 for real-time updates and valuable ALPHA. Your journey into the future of digital identity begins with us!
