Freename has achieved a groundbreaking feat by becoming the first Web3 Namespace to obtain ICANN accreditation for registering traditional domain names under gTLDs on a Web3 platform. This accomplishment represents a significant step in the merging of traditional and Web3 domains, signaling a notable advancement in the domain industry.
Integrating Traditional and Web3 Domain Services
With the prestigious ICANN accreditation, Freename now integrates traditional domain management with Web3 domain services and Web3 DNS. This integration provides users with access to the most secure, reliable, and sophisticated solutions for managing all their domains in a single location. The CEO of Freename, Davide Vicini, expressed that this achievement is a monumental leap forward for the entire domain industry. He emphasized that it underscores the company’s dedication to innovation and excellence in the domain registration field. Vicini highlighted the excitement of bridging the gap between traditional domains and blockchain technology, aiming to offer a seamless experience to users and other businesses. The integration of blockchain capabilities into traditional domains is set to revolutionize how these domains are managed and utilized.
Enhancing Domain Utilities and Applications
The ICANN accreditation significantly boosts Freename’s capabilities, particularly in the mirroring of traditional domains into Web3. This innovative feature allows users to purchase traditional domains and effortlessly add Web3 utilities, transforming them into decentralized versions. This ensures that any domain can be employed across both traditional and decentralized web environments, unlocking unique Web3 utilities and applications. Freename provides the flexibility to maintain a presence in both Web2 and Web3 environments, which is essential as the internet increasingly blends centralized and decentralized elements.
Reducing Fraud and Enhancing Trust
Mirrored domains offer a verifiable history of ownership and transfers, thereby reducing the risk of fraud and enhancing trust. This transparency fosters a dynamic marketplace for digital assets and opens up new financial models, such as fractional ownership and domain leasing. By offering a dual presence in both Web2 and Web3, Freename enhances the reach, utilities, and features available to users, creating a robust and versatile domain management platform.