🛠Namefi Community Updates · 4 Nov 2024
One day left for free minting your third level domain names under withHarris.club and/or withTrump.club! TL;DR: 5th November is Tomorrow, IETF121 AuthCodeSEC, Next-gen DNS & Social Browser
Dear Namefi Community,
Last month, we witnessed numerous major developments in the domain name industry, occurring one after another:
Identity Digital and the Government of Anguilla have formed a new partnership to manage the rapidly growing .ai top-level domain (TLD). This agreement was announced on October 15, 2024.
Domains Cost Club, in collaboration with Freename and WebUnited, became the first registrar in the world to offer the mirroring of traditional .ws domains on Web3 on October 23, 2024.
Both announcements followed PayPal and Venmo's integration of the Ethereum Name Service (ENS) into their platforms in September this year. 2024 has been an exciting and productive year in the domain name industry, particularly in bridging the application gap between blockchain and domain names. The empowerment of domain names through trustless technology is certainly one of the key drivers for innovation in new internet applications in the years to come. For those who are riding the wave of change, staying informed is essential.
It is important to foster respect and encourage diversity in innovations within this space, whether by providing new asset classes, facilitating decentralized finance management around domain name portfolios, or offering developer tools for a decentralized internet.
Within the Namefi Team, we have been testing the waters with our new product, PoweredByNamefi, a DNS subdomain issuance platform on the blockchain. You may have noticed that we are currently offering free mints for third-level domain names under the parent domains withHarris.club and withTrump.club in anticipation of the 2024 U.S. General Election, which is expected to have a significant geopolitical impact on the global economy and society.
Launching PoweredByNamefi with an election theme demonstrates our keen attention not only to technological advancement but also to the geopolitical landscape that will influence our lives in the years to come. We have received both criticisms and praise during this process. For now, our team would like to thank everyone for participating in this exciting experiment and for exploring how technology could potentially shape the society we live in. If you have not tried the product yet, feel free to go to Namefi.io to find out more about it.
Third Level Domain Free Minting Under withHarris.club and/or withTrump.club
As of November 4th, the subdomain registration at Namefi.io for withHarris.club or/and withTrump.club breaks down to 66% (withTrump.club) Vs. 34% (withHarris.club), which is close to that of Polymarket of 60% (Trump) Vs. 40% (Harris). However, the data that gathered from Polymarket and Namefi.io largely reflects the crypto users’ voting stands without reflecting the more comprehensive picture. Based on the forecast of the Economist as of November 4th, Trump and Harris share almost an equal 50% chance of winning. The New York Times has a forecast of 48% (Trump) Vs. 49% (Harris).
There is one day left in the free minting campaign and also one day left for America to pick its next president, as well as the House of Representatives and a third of the Senate.
Event Recaps
DNForum Interview between Helmuts and Victor
We’re thrilled to share highlights from our recent discussion, hosted by Helmuts at DNForum, where Victor, our founder and ex-Google engineer, unpacked Namefi’s groundbreaking approach to domain management.
What’s Namefi About?
Namefi is leveraging blockchain to transform the way domain transfers and management are done, turning weeks-long, centralized processes into near-instant, secure transactions. By tokenizing domains, ownership is made transparent and immutable, integrating seamlessly with 17 NFT marketplaces and major DeFi lending protocols.
Introducing "PoweredbyNamefi"
We’re excited to announce our latest feature, “PoweredbyNamefi,” empowering communities and creators to issue and manage subdomains efficiently. Our first partnerships include domain-backed clubs for civic engagement, and we’re opening the doors for more creators to harness this tech.
Securing the Future
Victor highlighted Namefi’s work with the IETF on proposals to further secure domain infrastructure. As Helmuts emphasized, embracing Web3 is not just forward-thinking but necessary for staying ahead in the domain industry.
Big thanks to Helmuts and DNForum for the platform to share our vision! Stay tuned as we continue to build a more open, efficient, and secure domain ecosystem.
Namefi Space with HVR.World Founder and CEO on next-gen social browser
The Future of Domains and Community Ownership: Insights from the Namefi and HVR Conversation
In a recent Twitter space conversation, Victor Zhou of Namefi and Nelson Thall of HVR delved into the evolving landscape of web ownership and community engagement, highlighting how domains can be leveraged as valuable digital assets in the era of decentralized technology. Their dialogue showcased the potential for subdomains to transform the way creators and communities interact online, shifting the focus from centralized platforms to user ownership and engagement.
Bridging the Gap Between Web 2.0 and Web 3.0
The discussion opened with both Zhou and Thall reflecting on their shared vision for empowering content creators and publishers. Nelson Thall emphasized the fragmentation of community interactions across different platforms, pointing out that while content is published on personal domains, much of the engagement occurs in siloed social media environments. The advent of HVR, a social browser, aims to integrate these experiences, enabling users to interact more directly with the content they create and consume.
“We're blending the best features of Web 1, 2, and 3 to empower people at their sites,” Thall stated. This integration not only allows users to comment and interact with content but also to create their own spaces for discussion, ultimately reclaiming ownership over their digital identities and communities.
The Power of Subdomains
Victor Zhou introduced the concept of subdomains as a revolutionary step in this paradigm shift. By allowing communities to issue subdomains under their primary domains, creators can foster a sense of belonging and ownership among their audience. This innovation transforms the relationship between a publisher and their community, creating a more interactive and participatory environment.
As Zhou explained, “A subdomain is actually a membership that's controlled by the parent domain,” which facilitates a symbiotic relationship where community members contribute to the reputation and traffic of the primary domain. This model not only incentivizes participation but also enhances the value of the primary domain as the community thrives.
Tokenization and Economic Incentives
A significant portion of the conversation revolved around the economic implications of this new approach. Thall highlighted the limitations of traditional financial structures in enabling community members to benefit from their contributions. “In TradFi, you would need to create shares for everyone involved, which isn’t practical for decentralized communities,” he noted.
Both Thall and Zhou advocated for tokenizing domains as a way to distribute ownership and economic benefits among community members. By utilizing blockchain technology, they propose a system where tokens can be created based on the underlying asset of a domain, allowing users to earn and own a piece of the digital space they inhabit.
Censorship Resistance and Content Ownership
In discussing the challenges of moderating content while maintaining freedom of expression, Thall noted the importance of creating a platform that is resistant to censorship. He argued that as long as the content adheres to the law, it should not be removed by central authorities. This ethos of empowerment aligns with the core values of Web 3.0, where users can reclaim their voices without fear of arbitrary censorship.
Zhou further elaborated on the need for accountability and transparency in moderation processes, suggesting that decentralized identity solutions could provide users with verification without compromising their privacy. “Using zero-knowledge proofs allows users to prove their credentials without revealing their identity, fostering a safer online environment,” he explained.
Looking Ahead: A New Era of Digital Ownership
As the conversation wrapped up, both Zhou and Thall expressed excitement about the potential for domains to serve as the foundation for a new digital economy where communities thrive on their own terms. The emergence of technologies that allow for seamless integration of social features into domain ownership signals a significant shift in how we interact online.
With HVR’s social browser and Namefi’s domain tokenization initiatives, the vision for a decentralized web is becoming increasingly tangible. As communities rally around their digital identities, the promise of economic empowerment and ownership beckons, marking a new chapter in the evolution of the internet.
As both founders emphasized, this movement is not just about technology but about restoring power to the people who create and engage in online spaces. In a world where digital assets can now be owned and monetized, the potential for financial independence and creative expression has never been greater.
Namefi Presents AuthCodeSec at Internet Engineering Task Force IETF121 in the REGEXT Working Group to Enhance the speed and security of domain transactions
The post from Victor announces the presentation of AuthCodeSEC at the IETF121 meeting, which aims to enhance the domain transfer process by incorporating public key cryptography into the existing Extensible Provisioning Protocol (EPP). This upgrade will enable faster and safer domain transfers while maintaining backward compatibility with current systems, facilitating a gradual transition similar to upgrades seen in web protocols. Although the draft does not explicitly mention blockchain, it is seen as a crucial step toward modernizing ICANN's domain ownership management with blockchain technology.
This initiative aligns perfectly with Namefi's mission to tokenize domain name assets on the blockchain. By leveraging AuthCodeSEC's advancements, Namefi can further enhance the speed and security of domain transactions, making domaining more efficient and cost-effective. Additionally, the incorporation of blockchain technology supports decentralized finance (DeFi) principles, enabling robust portfolio management for domain holders, and ultimately paving the way for a more streamlined and innovative domain management ecosystem.
Top 3 Editorial Pick of Namefi Domain NFTs
derivatives.bond - Namefi™️ NFT representing the beneficiary-ship of derivatives.bond domain. derivatives.bond is valuable because it combines key financial concepts, appealing to industries related to finance, investments, and trading. 'Derivatives' refers to financial securities derived from other assets, while 'bond' suggests stability or debt instruments. This makes the domain particularly relevant for financial services, advisory firms, or educational platforms focusing on complex financial instruments. The unique .bond TLD enhances branding, emphasizing strong or secured connections in financial dealings.
tradesupervisor.com - Namefi™️ NFT representing the beneficiary-ship of tradesupervisor.com domain. tradesupervisor.com is valuable because it implies authority and oversight in the trade industry, appealing globally across multiple sectors such as finance, trade regulation, education, and consultancy. The term "trade supervisor" suggests leadership and expertise, making it attractive for businesses or platforms offering services related to trade management, training, or analytics. The .com TLD enhances its commercial potential, increasing its appeal to a broad audience seeking trustworthy trade-related services online.
smartaccount.link - Namefi™️ NFT representing the beneficiary-ship of smartaccount.link domain. smartaccount.link is valuable because it suggests a modern, technology-focused approach to financial management or online services. The term "smart" implies innovation and efficiency, ideal for a fintech startup, a tech-savvy accounting service, or a digital wallet app. The ".link" TLD enhances the tech-forward appeal by deviating from traditional extensions like .com, making it memorable and unique in the context of connectivity and online solutions.
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