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

Amber Group Associated Address Sends 1200 ETH to ether.fi Gnosis Safe!

According to Scopescan monitoring, a recent transaction involving an address linked to Amber Group has…

2 hours ago

Uniswap Founder: Biden’s Election at Risk Due to Crypto Regulation Threat!

Uniswap founder Hayden Adams has made a bold statement regarding the cryptocurrency market, emphasizing the…

2 hours ago

Grayscale Bitcoin ETF Continues To See Negative Outflows Of Over $100 Million

Outflows from the Grayscale Bitcoin ETF signal ongoing investor uncertainty amidst hints of Federal Reserve…

3 hours ago

Coinbase’s Appeal Request Now Opposed by SEC

The SEC rejected Coinbase's appeal request regarding applying traditional securities rules to cryptocurrencies.

3 hours ago

Ark 21Shares Ethereum ETF Now Drop Staking ETH Proposal

ARK 21Shares Ethereum ETF is based on this, excluding proof of stake due to SEC…

4 hours ago

Crypto Supporter Mark Cuban Challenges SEC On Crypto In 2024 Election

Crypto supporter Mark Cuban warns of crypto's significance in the 2024 election and condemns SEC…

4 hours ago

This website uses cookies.