TECH Talk: Unraveling Top-Level and Second-Level Domains: A Journey into the Future of Web3 Identity
As the world steadily embraces Web3, the role of domains, specifically Top-Level Domains (TLDs) and Second-Level Domains (SLDs), becomes increasingly crucial. This podcast episode dives deep into the mysteries of TLDs and SLDs, unfolding their power in the exciting Web3 space.
A TLD is the domain that comes after the dot, and an SLD is what you see before the dot. For instance, in a traditional domain space, .com is a popular TLD, and it serves as the root for everything that comes afterward. Understanding the utility of these domains and their use cases on the web can be pivotal for both end-users and sellers. For instance, sellers might want to use them singularly to represent their digital identity or wallet.
However, navigating the world of domains is not without challenges. Domain collisions, a rising concern in the digital era, occur when companies unknowingly sell domains that already exist. This calls for a standard to be set to ensure valuable products for consumers.
The podcast also delves into entities offering TLDs and SLDs in the web3 space, such as Handshake, Freename, and Decentraweb. It sheds light on the crucial role of the Internet Corporation for Assigned Names and Numbers (ICANN) in managing TLD registrations. It is essential to choose the right launch pad for your domain as the registration fee and management fee with ICANN are rumored to be around $250,000. However, the potential rewards of choosing the right launch pad, from building a successful business on TLDs to owning a unique piece of the web synonymous with your digital identity, can outweigh the costs.
The future of tech and domains holds immense potential. As early adopters invest in this technology, the value of tech will continue to grow. The podcast discusses the potential of domains for personalization and the incentives provided for early adopters of domains. It also highlights the importance of diversifying your domain portfolio and holding onto attractive domains.
Furthermore, the podcast addresses the possibility of automating the onboarding process for users transitioning from web2 to web3, such as providing a white-label website with a wallet. It emphasizes the potential of staking a domain and SLD, where the owner of a second-level domain has the same power and utility as the TLD level in the Decentralized Web system.
Overall, this episode offers a comprehensive guide to understanding domains and their role in building the future of technology. Whether you're a tech enthusiast or a novice in the world of domains, this podcast episode promises valuable insights into navigating the intricacies of TLDs, SLDs, and the adoption of Web3.
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!
