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news Web3 “domains” are dead

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The web3 domain experiment was a failure. This week, Unstoppable Domains CEO Matthew Gould posted on X about the company’s transition to traditional domain names. He explained that the company’s website is focusing more on “web2 domains” because web3 names aren’t panning out how the company had initially hoped: …Web3 only domains were part of...

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Hi

there was a lot of investing and speculation about future of w3, including the keyword registration frenzy

imo…
 
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Turns out the "decentralization" aspect of Web3 isn't that great.

All it leads to is less utility.

People want ease of use.

They don't want special software, browsers, and settings to use their domain. Normal (Web2) already work fine.

I do understand the comments about Unstoppable Domains selling out though.

They pushed this crap harder than anyone.

Brad
 
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They pushed this crap harder than anyone.

Brad
Hi

it all reminds me of the “new .net” thingy that was created years ago.
that didn’t last but a minute

imo…
 
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@arosener would be interesting to hear your take on this news.

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"the first real innovation in domaining since Fast Transfer 20 years ago"
 
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To be fair he knows much more than any of you on here. Dunning Kruger effect coming on.
 
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What we *actually* need is an easy way to use "normal" ICANN domains on the blockchain. I suppose the next nGTLD round will feature more than a few crypto-related TLDs - many of them will probably double the already existing web3 TLDs and I really hope they will be filed for by the same entities and tangled together (for example if I had blabla.crypto web3 domain then I would have time-limited exclusive right to get web2 blabla.crypto - and at a normal price), but I suspect it will not always be the case - and in such circumstances the web3 equivalent will have a really hard nut to crack.

Anyhow, as I said, what we really need is a way to extend "normal" domains functionality to the web3/blockchain, just as they now serve http, mail, ftp and all the other protocols - they could serve as a web3 wallet address and decetralised mail/chat endpoints as well, we don't necessarily need any "special" domains for that. IMO.

Full disclosure: I own (and owned) exactly zero web3 domains despite being involved in crypto on-and-off for over a decade.
 
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W 3 is coming true now as War 3.
 
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To be fair he knows much more than any of you on here. Dunning Kruger effect coming on.
He's a great broker, but does get a lot of things wrong, i remember when he was saying companies would pay people to use their bored apes on TV advertisements and on billboards advertising products and these apes would go on to become globally recognizable characters (guessing like the Simpsons)

I just remember shaking my head throughout that episode of Domain Sherpa.
 
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Solution in search of a problem #8479529; the story of "Web3".

The thing about new net, which I thought at the time but which hasn't been possible for the past decade or so, since major websites stopped mapping to a single IP address, is you could do it with your own hosts file.

193.962.541.257 mysearch.xxx

So if 193.962.541.257 (movie IP address) was Google's IP you could type mysearch.xxx to get to it.

The problem is nobody else could do it unless they made the same changes, which nobody would, which illustrates the fatal flaw in this dumb attempt to reinvent the wheel that people keep trying.

And why do they keep trying? Because far from it being about 'decentralization' and freedom, 'alternatives' to established, proven things that already work fine are just about someone else wanting to be the one in control.

Same story with all crypto stuff; a tiny handful of people, or literally centralized entities, control most of it, while most people, even after 17 years and a decade of non-stop crypto hype, don't care about any of it.
 
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