Unstop Domains’ Promise in the Web3 Domain Name Alliance

02/23/2023 02:39 • Crypto & Markets • 112 views

It is reported that Unstop Domains promised to sign a “patent non-infringement pact” in the Web3 domain name alliance, which is composed of dozens of companies providing naming services. Unstop Domains said that it would not enforce a key patent named “resolving blockchain domain” against other members of the industry organization of the Web3 domain name alliance. While announcing the patent commitment, Unstop Domains also revealed that another 52 projects have joined the Web3 domain name alliance, including the cryptocurrency exchange Blockchain.com and the NFT market Rarible, but at present the Ethereum Domain Name Service (ENS) has not joined. The chief developer of ENS expressed reservations about the decision of its competitors to open source code and domain name intellectual property.

Unstop Domains promised to sign the “Patent Non-infringement Treaty” in the Web3 Domain Name Alliance

Interpretation of the news:

Unstop Domains, a provider of blockchain-based domain names, has promised to sign a “patent non-infringement pact” in the Web3 domain name alliance. This alliance consists of several companies that offer naming services. The pact indicates that Unstop Domains will not enforce one of its key patents, “resolving blockchain domain,” against other members of the industry organization of the Web3 domain name alliance. This decision is commendable as it reflects the company’s commitment to collaboration, innovation, and growth of the industry without monopolistic tendencies.

Furthermore, Unstop Domains announced that another 52 projects have joined the Web3 domain name alliance, including the popular cryptocurrency exchange Blockchain.com and NFT market Rarible. However, at present, the Ethereum Domain Name Service (ENS) has not joined, citing reservations in competitors opening source code and domain name intellectual property. By providing a non-infringement pact against the industry, Unstop Domains is leading the path for other members, including ENS, to join and foster a collaborative effort within the industry.

In a world that continues to grapple with cybersecurity issues, Unstop Domains are taking a different direction in securing their assets. Rather than imposing a hardware-centered approach, they leveraging its blockchain-based technology to achieve an enduring solution. According to its Co-founder, Bradley Kam, the company aims to protect customer’s property rights and promote innovation by offering flexible and decentralized naming services. This gesture creates a sense of trust among the members, attracts new members, and fosters rapid-scale development.

In conclusion, Unstop Domains’ promise in the Web3 domain name alliance is a significant step towards collaboration, innovation, and growth of the industry. It signifies that companies no longer operate in isolation, but in tandem, to achieve common objectives. Regardless of the nature of the company, it is essential to prioritize the growth of the industry by adopting practices that enhance collaboration and democratization.

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Unstop Domains’ Promise in the Web3 Domain Name Alliance

Unstop Domains promised to sign the “Patent Non-infringement Treaty” in the Web3 Domain Name Alliance

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