From the NFT.NYC 2024 conference, BlockchainJournal.com editor-in-chief David Berlind checks in with Unstoppable Domains COO Sandy Carter to learn about the unique value proposition of Web3 domains over the plain old internet domains that most Web users and internet destinations are familiar with. Unstoppable Domains is both an internet registry and an internet registrar. According to Carter, perhaps the biggest and most noticeable change from legacy domains to Web3 domains is that legacy domains are essentially for rent. They must be renewed by the registrant on a periodic basis. Meanwhile, Web3 domains are owned. But, according to Carter, there are additional advantages to Web3 domains over their legacy counterparts

Another major challenge associated with legacy domains acquired through legacy registrars is how the internet domain itself (i.e., abc.com) cannot verifiably represent anything about the individual or organization that owns the domain. For example, whereas a Web3 domain can behave as a digital proxy for an entity's identity, credentials, education, personal or organizational profiles, and other information that might be useful to the automation of certain business processes, legacy domains have no such inherent capability.  

Referring to how today's social networks are often the repositories of this personal and organizational information, Carter refers to this capability to associate that data directly with an internet domain the "LinkedIn for Web3." However, whereas most entity-specific data that are kept with a social network is discoverable based on a user's global security settings (ie, "friends only"), the different types of identifiable information associated with a Web3 domain can be individually and optionally shared in an infinite number of specific (and non-global) contexts.

To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/blockchainbased-internet-domains-are-linkedin-web3-says-unstoppable-coo-sandy-carter

The video can also be watched on Blockchain Journal's YouTube Channel at:
https://www.youtube.com/watch?v=LV1A0CZOYXA

Blockchain-Based Internet Domains Are the "LinkedIn of Web3" Says Unstoppable COO Sandy Carter

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