News

ENS To Launch Web3 .box Domain Name In September

Key Points:

  • Ethereum Name Service (ENS) is expected to launch the .box domain in September, allowing direct navigation to the website.
  • The .box domain is jointly developed by Ethereum Name Service with My.Box, allowing direct links to websites and can be used to send emails.
  • Registration and transaction of .box domain names will take place similarly to .eth domains provided by ENS.
The Ethereum Name Service (ENS), a well-known Web3 identification project on Ethereum, is set to debut a new domain name extension,.box, in September 2023.

According to CEO Nick Johnson, the .box domain name is being created in collaboration with My.Box. It will be a blockchain-based internet name service that will be pushed out for Ethereum users and enabled by the Ethereum Name Service protocol, allowing for direct links to websites and the ability to send an email.

The .box domain will be registered and transferred via the Ethereum blockchain. The related NFT will be owned by both the Domain Name System and My.Box ENS-based names. My.Box is scheduled to become operational in September. One user wondered about .box’s censorship resistance:

“Will .box on ENS be as censorship resistant as .eth is, where the only power that exists is the power to decide who is allowed to register, but once someone is registered the name cannot be taken from them until registration expires?”

Johnson answered:

“No; ICANN requires that they have an AUP and adhere to the UDRP process, so there will still be a way for names to be seized.”

Ethereum Name Service now runs the .eth name service for Ethereum users, providing a short and easy-to-remember alternative to large and complicated Ethereum crypto addresses. Unlike .eth, which does not use the internet’s normal naming system, DNS, the .box domain will be available through ENS on all web browsers. This is a critical merging of the project’s ENS and DNS technologies.

Ethereum Name Service is a trailblazing initiative in the field of Web3 identification, best known for its $500 million ENS token airdrop in November 2021. Each domain name will essentially be an NFT established on Ethereum that will be used to identify the holder. Customers will be able to choose a name that will be printed on the .eth domain name, then mint and pay a rental charge for Ethereum Name Service to use for a certain amount of time.

According to the most recent report, Ethereum Name Service has 2.7 million.eth domains registered, with $1.4 million in money returned to the project in May 2023.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Didn’t Buy ACT I: The AI Prophecy Initially? Don’t Miss the Best New Meme Coin Presales to Invest in Now!

Let’s dive into why BTFD might be your ticket to riches and how ACT I…

52 minutes ago

Global Bitcoin Spot ETF Inflows Lead By BlackRock IBIT in 2024

BlackRock’s Bitcoin Spot ETF dominates 2024 with $37B net inflows, surpassing competitors like Fidelity’s FBTC.…

1 hour ago

Paxos USDG Attestation Report Published With Over $29M in Collateral

Paxos' second USDG attestation report shows significant growth, with the number of tokens on Ethereum…

2 hours ago

Swiss National Bank Proposed to Accept Bitcoin as Reserve Asset

A proposed Swiss constitutional amendment seeks to require the Swiss National Bank to hold Bitcoin…

2 hours ago

BTFD Coin’s Bullish Run Makes It the Best New Meme Coin Presale to Buy Today with Turbo and Cheems

Discover the best new meme coin presales to buy today, featuring BTFD Coin’s meteoric presale…

2 hours ago

IRS Crypto Tax Rules Will Be Adjusted in 2026

IRS crypto tax regulations will be extended for crypto exchanges for another year, through 2026,…

3 hours ago

This website uses cookies.