Unlock the mysteries of Web3's domain tokenization with us, as we journey through the complex interplay of digital identity and blockchain technology. Joined by Chris from Namertips and other notable experts, our latest episode is a deep dive into the evolution from traditional DNS systems to the revolutionary concept of blockchain-based domain custody. Discover how this shift not only redefines ownership but also challenges legal norms, and why education and a builder's mentality are key to thriving in this digital renaissance.
Dive with us into the heart of domain transfers, the potential pitfalls of domain squatting, and the tantalizing promise of true ownership in a decentralized world. Our discussion sheds light on the technicalities of DNSSEC, the role of crypto wallet addresses, and the game-changing nature of innovations like Ethereum Name Service. With a focus on community building and knowledge exchange, we lay bare the opportunities for growth and the importance of networking within the domain investing community, offering valuable insights whether you're a seasoned professional or a curious newcomer.
As we wrap up an insightful session, we reflect on the Domainer Expo's success and the future of digital identity as shaped by blockchain's indelible mark. Our conversation embraces the diversity of digital identity and the responsibility we share in nurturing an educated and inclusive Web3 community. Tune in to be part of a discussion that's not just about understanding the now but also about contributing to a digital legacy that will define generations to come.
Unlock the mysteries of Web3's domain tokenization with us, as we journey through the complex interplay of digital identity and blockchain technology. Joined by Chris from Namertips and other notable experts, our latest episode is a deep dive into the evolution from traditional DNS systems to the revolutionary concept of blockchain-based domain custody. Discover how this shift not only redefines ownership but also challenges legal norms, and why education and a builder's mentality are key to thriving in this digital renaissance.
Dive with us into the heart of domain transfers, the potential pitfalls of domain squatting, and the tantalizing promise of true ownership in a decentralized world. Our discussion sheds light on the technicalities of DNSSEC, the role of crypto wallet addresses, and the game-changing nature of innovations like Ethereum Name Service. With a focus on community building and knowledge exchange, we lay bare the opportunities for growth and the importance of networking within the domain investing community, offering valuable insights whether you're a seasoned professional or a curious newcomer.
As we wrap up an insightful session, we reflect on the Domainer Expo's success and the future of digital identity as shaped by blockchain's indelible mark. Our conversation embraces the diversity of digital identity and the responsibility we share in nurturing an educated and inclusive Web3 community. Tune in to be part of a discussion that's not just about understanding the now but also about contributing to a digital legacy that will define generations to come.
waste. Pregnant women are virtually no longer healthy.
Speaker 2:Hello, hello everyone. We will get started in just a moment. Thank you guys for coming on in as you do, as always. Hate to be a broken record, but if you could like and retweet the space, go down to that bottom right hand corner. Also, yeah, if you got something nice and amazing to say, news to share, go ahead and post it in the comments. It's a happy day today. How you doing today, Chris?
Speaker 3:I'm doing well, listen, man, you don't sound like a broken record. Just have to give people a little bit of a lovely nudge to share this wonderful outfit that they're getting that they can find no place else in. Wear three.
Speaker 2:Man. Sharing is caring. Yeah, I always feel like I'm being like a what do you call it? Like you're scolding somebody. Share the space. But yeah, no, it's good to share. I'd like to remind everybody you never know who might hear this and do something with it. I literally talk to people every single day. We give each other alpha and then we do things with it. So information is definitely crucial. So, yeah, definitely love you guys to share the space. This is going to be a good one. There's been a lot of conversations going on this past week actually last week as well so I want to put some clarity to it so everybody can be as bullish on the alphas everyone else is.
Speaker 3:Yeah, I'm looking forward to it. I think, like you said, there's a lot of talk and chatter and whispering and yelling around tokenization of domain, so it'll be good to be able to dive into it from an unbiased standpoint and just really just explain to folks kind of what's going on and what benefit they can look to reap from it.
Speaker 2:Yes, sir, yes, sir. Also, if anybody does want to add to the conversation, as always, our spaces are open. So please request a speaker role. I will add you on up. Love to have as many voices in here as possible. But yeah, I guess we'll go ahead and get into it.
Speaker 2:So, again, I'd like to welcome all of you to iHeart Domains and our Tech Talk Spaces, where we discuss news, innovation, education and alpha in the WIP3 domain, technology and digital identity space. We are your one stop shop to discover, learn, buy, build and sell with three domains of digital identity, with a focus on integrity and education. We are here for the long haul. Always do your own research and don't be fooled by imposters or wolves in sheep's clothing. They may say they love domains, but they ain't. Iheart domains. As always, our Tech Talks are recorded and you can view our content archive on our website at iHeartDomainscom, and in podcast form on every major podcast player, including Apple and Spotify. You can get to that pretty easily at techtalkhost. Once again, as everybody's starting to come in, please like and retweet the space to share it out, leave any questions that you have and, yeah, without further ado, I would like to go ahead and introduce my co-host, chris of Namertips. We'll go ahead and give a few words before we get into it.
Speaker 3:Oh no, just welcome everyone. See some familiar faces here. For those of us who are new, I'm Chris. I'm the strategy director for Namertips and I actually have the privilege to take part in these wonderful Tech Talks and share alphas, learn alphas and, at the end of the day, help grow the space, along with all of you out there listening. So yeah, I'm looking forward to this.
Speaker 2:Yeah, and I'm, as always, glad to have you here. The perspective that you add in these conversations. Really it's priceless, and so, again, for you know, thank you for everybody being here now. We've done a lot of Tech Talks and I've covered a lot of subjects, so I do really encourage people, if you're trying to dig into some of these subjects, go to our website, listen through our content archive. You got a lot of information from both me, chris, and all the amazing speakers that have joined our spaces over the past year on there. We've pretty much covered it all up until now. So if you're wondering about it, we've probably talked about it and that's what these spaces are here for.
Speaker 2:I want to start with a little bit of opening news before we get into the topic itself, and it's really quick to go through. Most of you know that I will probably be, for the most part, afk for the weekend, going to be going out to Los Angeles, to Beverly Hills to be exact, to participate in an exclusive event that is catering to the nominees of the Grammy Awards, and it's an initiative that we called Nerd Merch. I created a kind of a fast fashion line of Web3 domain related things that people can wear and using it to tie awareness to Web3 digital identity. For those who interact with Nerd Merch on the consumer side, if they purchase on the website, you actually get to redeem or get credit that you can redeem for a free Web3 domain name. And then for those who I'm going to be networking with and communicating with on kind of the outreach side, the initiative side, yeah, I'm going to trick them into telling their communities about digital ID through fashion. So, yeah, that's what we're doing here, and this is co-sponsored by FreeName. So shout out to them Again, always shout out to the builders, to the people who are being innovative, thinking outside of the box, willing to take those risks in order to spread Web3 digital ID forward. So shout out to them. And so I'll be flying out tomorrow for that. So that's going to be pretty much all weekend and we've got some interesting people on that guest list, so looking forward to that. And then, last but not least, just to remind everybody of the auction that is coming up on the 1st of March. Again, lots of people reaching out, extremely thankful, great portfolios that I'm seeing Just for those people. Please be patient.
Speaker 2:I'm going to actually roll out the submission process once we come back. It's going to be in the form of a Google form, so I figured out the easiest way to do this. Again, it's going to be on a personal basis and then you'll be able to submit whichever domains that you like or you feel have value, and we'll be able to outline everything kind of out on the Google form, including anything that you need to opt into for the fees and all that stuff. So it'll all be right there for you. So look forward to that as soon as we come back from the Grammys.
Speaker 2:And, yeah, without further ado, we're going to get to the subject title. So what are tokenized domain names? And going back, I wanted to host this kind of as a quick space before heading out. With all the excitement in the news has been floating around, I wanted to give a little bit more clarity on what domain tokenization is. It rolled out simultaneously, kind of, with a few different vendors that had their own news about how they're bringing it on and the ways that they're bringing these domain names on chain. They have a little bit of differences, and so I kind of wanted to go through that to explain what those are.
Speaker 2:And then also obviously go through the concept in general, the benefits of doing so and kind of what we're probably going to look forward to seeing moving forward. So yeah, before I get started, got any questions, name or tips or just in again, if anybody wants to come on stage, please feel free to send a speaker request and I will add you on up.
Speaker 3:No, actually, you know you laid it out. I want to, you know, congratulate you on, you know, the Grammy out, the outreach, you know, because I think that's important. You're actively going outside of the Web 3 bubble to connect, so, looking forward to, you know, the space that covers all of the wonderful happenings, you know, for the folks that were able to be in attendance. In addition to that, yeah, with the tokenization, yeah, I think that it's really really important to have a space like this one to go over, like the tokenization logic, right, because everybody's excited. They're like, oh my goodness, you know you're bringing names on chain and all of this other good stuff, and I think that there can be a lot lost in transition right there. So, yeah, I'm looking forward to getting to it so that we can help individuals understand that there is a logic associated to this and every name that gets brought on chain won't be on chain the same way, so to speak.
Speaker 2:Exactly exactly, and that's you know, when you and I talked earlier. And yeah, there definitely is a need for this conversation and hopefully you know this is our part giving some people some clarity. So I'm going to start first off, and I see we got Bama coming up. Awesome, awesome. You want to go ahead and say hi before I get into it and nerd out a little bit? Let him get in that door quick. How are you doing today, bama?
Speaker 6:Hey man, hey, good to see you guys. Glad to be here. No, I just figured I hop up. I was actually a part of the. I was on the back end. I wasn't doing anything with the tokenization but of the email project. So it's interesting when you hear just the blanket term tokenized domains. There's multiple avenues of that, like bringing a dot com on chain and then you can actually break down these and have them fractionalized. So it's super interesting. So if I can help out on any of that, it's an interesting topic though.
Speaker 2:Yes sir, yes sir, I'm glad to have you on. And then we have I'm going to say this wrong. It's not how, luca, is it?
Speaker 7:Please let me say it right though it's all good, don't worry, hey, how you guys doing what's up? Love, domains, name or tapes, bama, you guys all over, always good to have, always good to be here. You know, learning from everyone. You know from you guys and also from the people down there too. So you guys were talking about to get some clarity, because there's a lot of aspects that it's not being, it's not being shared, right, like, for example, that import of web 2 into ENS. I mean, it's not fully a tokenization, right, and that's something that actually I was trying to get clarity myself, because I've been trying to get as much information as I can. It's like I've like there's always a wall.
Speaker 2:Yeah, we are definitely going to break that down.
Speaker 7:So yeah, I was going through the, through the aspects right, I actually was able to import right my domain, but it's not resolved.
Speaker 2:Okay, yeah, and so I'll kind of talk about, and a lot of this conversation will probably make. A lot of that makes sense because, in the context of explaining the technology, I'll probably end up asking you or figuring out what service you used to bridge and it'll make sense. And yeah, go for it, Chris.
Speaker 3:before I get into it, no, I think a good place to start will be with this short thought where there is an import, for it to truly be an import, there may need to be an export right. So I'll just leave that there. So in for export. So let's keep that in mind as we move on.
Speaker 2:Oh yeah, oh yeah yeah, we definitely go get into that too. So let's start with the basics. What is domain tokenization? It's very simple to understand. It is taking this web 2 domain name assets, so your dot com, your dot xyz, the thing that works right now that results to a website and bringing it on chain right. That's what domain tokenization is. It's basically turning it into something that can be interacted with on the blockchain, ie tokenizing it. Now here's where the big thing comes in and we're going to kind of get into it right.
Speaker 2:There are differences in the ways that something can be brought on chain. And going straight to what Namertiv said or what Chris just said, in order for there to be a true import, there has to be an export right. So there's a difference between bridging and mirroring or using DNS sec. So the protocols right now that are kind of pioneering I guess this movement you would say is 3DNS. Most people have interacted with them or been introduced to them. With dot box. They've also recently enabled you to import, I think, dot coms and a couple other domain extensions as well, so you're able to actually bring domain on chain through them. And then Namify is another one that you guys are seeing a lot about as well. And then, of course, ens has been talking about their gases, dns sec. I'm going to start with the 3DNS and Namify solution first, because this is truly bringing the domains on chain.
Speaker 2:The biggest difference here and this is something to understand that in order to bring this domain name on, so in this case, what tokenization is is you're basically token gating. You create this token. That's basically gives you token gated access to manage, transfer and interact with the Web 2 domain extension, and the process in which you have to go through to do that is you have to send that domain name into the custody of the entity that is bridging, that is, creating this asset, and then it is being controlled between the two parts. But that's it requires, like Chris said, it requires a true export to this, now the new registrar, to this custody point, and then they create the asset and then that asset is used to manage that domain. It's kind of the same as using a token to enter into, like a Discord group or something like that.
Speaker 2:The only way that you should be able to control the records, move the domain name, do any of those things is with the NFT. So NFT now controls the domain name. That's kind of how that works. Marrying a DNS sec is different in that the asset stays exactly where it is. So with the DNS sec, all you're doing is basically proving ownership of the domain name by changing a record within your DNS sec and then that platform is creating a mirroring asset that is independent of your Web2 domain name and that NFT does not control the domain name. It doesn't control or move records or do anything like that. It has its own, it's its own asset. It's completely own, different thing and you can still change records or do whatever you need to do the exact same way that you've been interacting with your Web2 domain. Nothing changes there. Go for it. Can you correct me how to pronounce your name, because I'm going to keep saying it wrong?
Speaker 7:Tell me how to say it right, it's all good, bro. Don't worry, for real, it's just a Pokemon, bro. A lot of people call it haloka halucha. It's all good, you know. Yes, sir, you had a question. Yeah, bro, so yes, so the first thing is even when, when, when, when ENS was offering to import your domain, even that you're able to mean your domain. They don't have control over the asset. If I'm not wrong, you weren't able to mean the domain, correct. You weren't, you weren't able to sell the domain, correct.
Speaker 2:On the ENF side, or.
Speaker 7:On no, on any side. You weren't able to sell it because? Because, if they sell it, how they're going to sell something that they don't have control over?
Speaker 2:Well, yeah, so in the case right now, if you bridge an ENS, if like, for instance, if you bridge the dot com, you send DNS sec into ENS. Yeah, if you sell that ENS domain, if you somehow figure out how to wrap it and sell, it?
Speaker 7:no, no, no, no, no, no, no, yeah, yeah, but that's now I'm talking about way before. So before before, this gas list, this gas list record from the DNS sec All right, this is a gas list of chain. This is off chain, this is not even on chain and they're only offering to resolve within the ENS and able to for them enable for I believe in, if other platforms wants to read your, let's say my name, right, halluccio, a love domains that come right. If you, I mean if you want to use your address or your Resolution as your, I love, I love domains that come in other platforms, your, you have to, you have to set the primary address to your that come or any TLD paying gas fees, that is, and that's only to be resolved within the other platforms. If, and you're not gonna be able to put a picture or mint your that come or your DNS into into any secondary, nobody's gonna be able to see. It is like right now. It's like they open the door but they close another one, so what?
Speaker 7:they doing is so that you're now is they making it easy for other people just to resolve their DNS within other platforms. But you have to set your primary address but they close the door of maintain a domain that you're not able to sell on any secondary. Why? Because they don't have a. They don't have control over your DNS. That's why when 3D and s and I correct me, what's the name of the other one's name file, correct? Yes, yeah, a 3D and s and name five, they actually they actually what they do and it's similar what the transactions in web, in web 2. It is what. Let's say, your name chip or go daddy or name that come. Right, those are web to registers. They have control over your asset within the icon result, within the icon resolution. So what they happen is, let's say, your name chip but name chip it's offering some products that the, that they don't go, they don't go with your dummy and name that come has more of the items or more of the platforms you want to use.
Speaker 7:Then you you'll have to transfer within the web to. You have to transfer your domain from name chip to name that come because you like it right. Let's say that's the. That's the situation. Then you have to transfer your domain. I have never transferred my domain from any register to another because I don't have those issues, but if I'm not wrong, that takes some time. I was asking to Sean the other day how long it took from sending a register to 3D and s and he told me that roughly 20 minutes. So it's the same process within a register to other register. So what the this new register that is 3D and s, that is within the web, to what he does, if I'm not wrong I don't want to get so technical on aids they have control over your DNS domain from web to. They create the smart contract, mint, mint your domain. But once the smart contract is processed, they they have the fully control of your domain within the smart contract, giving the permission to the new owner to take over the web to the main.
Speaker 2:That's why, but that's why it is important these kind of spaces, so we all can learn about it oh yes, bro, you just laid it all out and, and everything you said is exactly down the line of where we're going down and so bringing it back, kind of first, that was one of the conversations that we were having, I think, in my group yesterday. One of the big things as well is that these aren't NFTs. If you're using the DNS, equity and s the, what you're going to get on the other side aren't entities as you said it. You import it's gas list, it sits on chain and the only way that it works or starts resolving is if you set the reverse record. So that's something also important that people know.
Speaker 2:And, and yes, again, it's invisible as of right now, until someone comes up with a solution to wrap them and then sell them as NFTs. And that's the big difference with mirroring. It is a completely different thing. You're just taking your proving ownership of your domain. It is allowing you to create that asset within this other ecosystem, but then that asset is in that ecosystem. It's not something independent that you can sell around, unless, again, you get the option to wrap it and I I don't know the technology behind that go for it. Uh, crucial point okay.
Speaker 3:So there's. There's two ways that this has to be looked at right with the DNS sec, and then the the, the mencing of the domains. Look at it from the standpoint of verify ownership versus extended function, right? Um, when you start to talk about the DNS sec side of things, that's more of adding an extended function right. In reality, anything that you do with a DNS based domain, it remains in the control of ICANN right until the technology reveals itself and ICANN allows it. You're never in complete control of bringing a web to domain on chain.
Speaker 3:What you're doing is that you have a symbolic representation of ownership or custody of that name through a third party, but it's not actually ownership of the name. And the reason I say that is that if you go through a registrar and you decide, okay, so like I love that you uh, you brought up name. If you have a name through namecom and you decide that you want to go here and tokenize that name I'm, you know, using my air quotes right now if you're going to tokenize that name, the name is not something that you own, that you can dictate what happens to. So what, in essence, what you're doing is that when you transfer the custody of the name, whomever's doing the tokenizing aspect, they're merely a validator. They're a validator that the name does exist, that it is registered and they have it in their custody and you have given them the permission to transact the name to another buyer in the event that it sails right.
Speaker 3:Um, however, is one of those things where it gets real tricky with the DNS names because, depending on what name you have, depending on like I love the fact that you brought up the uh, I think you said Sean told you that it takes 20 minutes. The reality of it is is that, in the way of two space, there's two different or there's multiple types of name transfers, but the easiest one generally is a push transfer from account to account. So that's to say, say you have a name and you're at namecom and I have a namecom account, it's easier to just push the name from one account to the next because we're with the same registrar, as opposed to if we have, if I have a name over at go daddy and you have a name at, say, one or one domains, it might take a little bit longer for that transaction to happen. So we do have to be mindful of that. It's not going to be 20 minutes for everyone.
Speaker 2:Yeah, I wanted to chime in on that as well, yes.
Speaker 3:Oh, my, my, my bad.
Speaker 2:Because it is that. That is um. It is kind of a misleading statement for most people. Can it be 20 minutes? It really depends on where your domain is currently registered uh some registrars make the process extremely difficult. Other registrars, like pork bun, make it extremely easy, where you can initiate the transfer, and then they have another button that you can push to push it through immediately. Um, so it depends on where you register your domain at, so that matters as well.
Speaker 7:Yeah, yeah, and this, that's why this is important to, that's why I love, bro, like being on each melees and on your spaces, because there's no doors, there's no walls. We're open minded and, at the same time, we're learning from each other, right, like, like we have all the ideas, we know in practice how it's done, but, you know, put it on a perspective for other people to learn about it. You know it makes it easier when we all come together. So, yes, what? What name or tips is actually right. So I have a little bit of experience on web too. I know it takes time because, uh for, for example, uh, namecom, when you're a new person and you purchase a domain from namecom, they blocked it. They, I believe they blocked your first purchase, uh, through icon process of blocking your domain for three months, okay, and they blocked your domain for three months and you're not able to transfer your domain. I'm sorry, it's 90 days. If I'm not wrong, it's 90 or 60 or 90 days. I'll probably be, wrong, yeah so.
Speaker 7:So the process is something like that. So imagine you buy, go, you get excited, you go, you were misleading right. And you go, you buy your domain on namecom because you want to transfer to 3DNS and then you find out that oh shoot, I can't do it. I have to wait two, three months to do this, because someone else told me that it was only 20 minutes to do it. Okay, I'm not saying that Shawn is wrong. Shawn is sharing his, his, uh, his practice, his sharing his experience, all right. So that's why I'm like it's pretty important that we put all these points so we can.
Speaker 7:So the bridge, or the, or the mass adoption from people from web two to web three it's also easier for them and also the people from web three that is not familiar with web two. We learn about it. So that's why we need to learn about the process. It's it can be different depending the registers that we have, because you need to unlock it. Sometimes it's your you have. You have a lot of security processes and you need to understand the dealing with a web two domain.
Speaker 7:I'm not saying that you have to be fully docks, but you need to provide a lot of information through it. It's pretty, pretty important and uh, and and when you bridge your domain to web, from web two to web three, it doesn't mean that you own your domain forever, that you own the NFT forever and nobody is going to take it down, even if we are fully web three, either through ENS. I'm stopped with domains. Uh, handshake or any other racer is the same thing. I'm sorry to tell you we are not in fully control of it. Yes, you can own this, that the token from the smart contract, but the use cases, sometimes you, they can narrow you down to a corner where you're not going to be able to use your web three domain. But that's another narrative, that's another story. That's long the way, but the point is that we need to learn, we need to, we need to talk about this in a lot of spaces over and over again, so a lot of people can keep sending the message.
Speaker 2:Man and sir, yes, sir, before you say some um and just, uh, just to reiterate uh, that time period is achievable. It really just depends on the registrar that you use. Again, do your own research, for portbun has been very user-friendly, uh, not only in that aspect, but they also allow you to change the DNS set, which some registrars also make it difficult for you to do. So, depending on what you register your domain, you might not be able to do either one of these things.
Speaker 3:Uh, so, again, you know, do your research, um, all on that, and and I just want to add to this, just for anyone listening, that 90 day hold is not something that like just magically came out of thin air and just affects those who want to tokenize domains. That is common in the way of two domain space. You have domainers that'll buy domains and they'll get significant sales within the day of having the domain, but they can't transfer the domain out. That's why the push transfer is so valuable, because what happens is that if the person that you're selling to already has an account where the name is registered, it can just be switched from one hypothetically name cheap account to the next, whereas if you're trying to ship it to a whole different register all together, you'll have to wait. So this is not something related to oh, they don't want, you know, uh, web two or web three domains to be tokenized in bridge. It's not that, it's just the process, and I'll leave this with you here.
Speaker 3:Um, you know halluka is making a very good point about you guys doing your research. What you want to do is that, before you initiate this, I would encourage everyone to read the terms and conditions of your registrars, um, and stay up to date with the terms and conditions, because what'll happen is that if you violate the use of the name or anything with their services, it can put you in a position where now a name that you don't totally own anyway, now they can call back and you got all this other stuff. So just make sure that you stay up to date with the terms and services and ensure that you're not dealing with the register who prohibits. You know the transfer and all that. I don't suspect that you'll see much of that written into the terms of service now because it's early, hint, hint, but um over in due time.
Speaker 2:You just want to make sure that you keep track of those terms and services yeah, and, and we can actually go down the rabbit hole of all kinds of different things that could potentially happen, because, at the end of the day, these are still ICANN domains, um, that resolve that reside in that system, and that's something. Again, you know a lot of us that are entering into this from the decentralized aspect and wanting to create these centralized assets. We really need to take that in consideration, because if you're coming into the space to do something, again that's against the terms and conditions, um, of any of these registrar's rules, which at some point could include bringing them on the blockchain. If anyone wants to be that super petty, um, then you may come up with some issues. So, again, this is all. This is all still speculative, right, um, and I saw you had your hand up. Before we get to that, I do want to say what's up and hi to page how you doing today, sir doing great.
Speaker 8:I heart tech talk man. You guys are. You guys are taking big bites, chewing on some big bites today.
Speaker 2:I love it yes, sir, yes sir, just wanted to talk about all the hype before I get off to LA.
Speaker 8:Yeah, and I'm glad to have you movie stars, musical artists oh man, I heart domains in the house in LA. Hey, if I could just for a second, because I'm trying to think what I think you know, um, about all this stuff and and, and I love web 2, web 3. You know I'm going to launch web 2, 5 domains, calm, and. But I am starting to also think that there's going to be some times when I just want to pure web 3 domain, um, because, for good or for bad, you can own it, I believe in the sense of the word own, you know, and, and I would just always ask people, why are you buying a name? If you're buying it to resell it, who are you looking to resell it to? Why will they want to buy a name? To use it, just to have it, or to pre-buy for what may come down the road? Those are the three things that I think about. You know what I mean. You're either placing bets early for we don't know what, you just think it's cool, or you're going to use it. So I think that that helps you maybe ask some of these questions about what I call the pairing of the name, the web 2 and the web 3 version, because there's a chance that the web 2 versions can get moved and we could have these web 3 ghosts out there, you know, representing an NFT of an unpaired name that's still on a blockchain and at the same point you could have, you know, the opposite be true. So that's why I love that we're really getting into some of the details, especially what we learned today about gasless. You know, en s to not just be the five second over this and then buy, you know, but really really get into them because I think it's going to make a difference.
Speaker 8:I will say this the only time I can has opined on digital assets has been when they held up sales of certain registries because they were made into NFTs and that was somehow making it look like the seller was granting ownership of that tld to somebody you know what I mean. And they balked and they held up those transactions. So that was tld is not domain name, so people can pick that apart. But I do think that there are going to be some rubs at some point in time in the web 2 5 world between this idea that I can't seize a domain as an annual lease right and web 3 wants it to be a decentralized blockchain. I own it and and that's where I'll be looking for the for the friction, so great room yes, sir, yes, sir, and I think that that is you know.
Speaker 2:Another thing that you know I think a lot of people think that bridging these things on domain, on chain, will help now create like a maybe a tighter link of ownership of. The fact remains that you are just using these assets. True ownership will probably only be achieved by native web 3 domains, and that's where the value proposition still lies in those. So, yeah, definitely another conversation as well, and how you doing? Uh, you got another question. Uh, hello verse on us. I'm gonna say that wrong until you correctly. I really want you to correct me so I can see that right.
Speaker 7:Yeah you know, man, it's so good. No, I always just want to encourage people, bro, like it's important to you know, we all have our DJ move, but if you're in two domains, I encourage everybody to share and support the people. That is up here, man doing the work, man, because it's it's not easy. Do a research, share this information is a shortcut for all of you guys. The probably we think we know, but we don't. All right, and we need to at least appreciate that time, the other person, the valuable time the other person is putting into these kind of and this in in these situations, and this experience and this, that new technology that we're going through, this adoption, and the only way that you can help is just spreading the word, sharing this community talk right now that we're having and then following. Don't follow the people if you don't want to, but at least do a retweet and Comment, because a like is not enough. I don't care about the following Comment on the comment ask the questions. As for the mic, because that's the only way we're gonna learn, because we all want to make the money, and that's something that I like about each million that he's always like I'm here because I want to make money. Me too, I want to make money, but it's important to listen, as what space was saying.
Speaker 7:Also, page was saying. It is important to know what are you getting these domains for? This? A lot of stuff that it goes on plate.
Speaker 7:I'm and I'm telling you because I come from a long law firm experience. I'm not a lawyer, but I'm telling you there's a lot of aspects that it's on play, even going going on right now. There's a lot of companies, there's a lot of law firms already providing a, providing the service to not just block the names but even to recover the names that are being Squad. You're right, people call it squad squatting. I mean it's, it's a gray area right there, but they're trying to recover, ready the web, three names From people like us. So don't get scared, there's a lot of gray areas around there. That's my point is let's share these moments, man. Let's share these, these spaces. Come over, request the mic, don't be shy, because the only way that we can learn is about this way, man. Sorry, man, I just don't want to, don't want to make it longer. I know you guys have Probably a time on this space, but thank you, bro.
Speaker 2:No, bro, I appreciate the love and that's a hundred percent what these spaces are for, and so, yeah, definitely glad that you see the value in them. Also, shout out again to all the other people creating and making spaces.
Speaker 2:Again like you said, there are people that are coming to these spaces from all kinds of different angles. It's it's important for us to learn. You know how to flip our domains, how to make money, but some of us are coming into space Um, you know to learn how to use the asset that we bought to use. Some of us are gonna end up stuff with some of these names. Some of you have your grail name and it's important to learn how to use it. Some of us will never make any money flipping domains, but we'll make money from business development or find our calling and path somewhere else in the space. So all these different types of spaces with different perspectives and different ways to connect and build and grow, that's what we're here for. There's there's more than one way to skin a cat. As we say.
Speaker 3:Go for it, uh chris, yeah, I just wanted to add to what you were saying. Hallucca, you know it's important to pay attention to the folks who are providing the education and the information and, like you said, during during the thankless job, because, you know, educating and doing the researchers not as glamorous as some of these other things, and we're three, but you also want to go ahead and make sure that you stay in tune With people who are willing to put their own assets On the front lines to test a lot of these things. Um, I, heart and I were having a discussion earlier about assets that we're going to go ahead and test the landscape with and why we're going to choose those names. And one thing that, uh, I mentioned in our discussion About the tokenization of names this is the value that I see it in and the team that I work with we see in it Is this is an opportunity To sculpt a more formal value narrative for not only web two names, but web three names. Right, a lot of the the value dynamics in web two are here say it's a batch of individuals who are saying that this, these names are worth this much. For this reason, because I said so, you can't say anything back about it. However, on the blockchain, every name is, in essence, being birthed on the record. Everybody can see it, and it's from that point on, based on the trading and the number of other things that folks are going to do with these names, that we can start to see a lot of these new value narratives sprout.
Speaker 3:But we have to start somewhere. We have to start with who's going to put their names out there and why? Right? Um, we talked about a name five. Um, we didn't opt to say you know what, let's just go with name five, just because, just because they came to the forefront and said hey, we're doing this, give them some names. No, when we had our discussion earlier, the first thing that I you know, I brought up with I heart is a you know? Um, they're, they're requesting authorization code, being that you've gone through name five. What has been your experience?
Speaker 3:right, because, once you go, ahead and you give up that authorization code and, like you know, page reference, there's gonna be some rugs. We're gonna see some very unfortunate situations where some people gave up the authorization codes for some pretty good domains and once you give it up, you can't get it back, unless the person who has it decides to give it back and we know if they're a bad actor, that's that's likely never gonna happen. So just you know, keep in mind that there are people who are working on your behalf that are not only looking for you To generate revenue and succeed, but also want to make sure that you're not doing anything in this space in vain. So just please keep that in mind, yeah.
Speaker 2:I wanted to go back to that too, because it's really important that people understand what you are actually doing In order to get this name on chain through these to either one of these platforms and again, um, you know, hopefully both of these platforms. Uh, proved to be a shining and stellar example for how this operates. From then on out, like I said, I have a you know relationship with Victor, got the pleasure of meeting him and still communicating with him Solid individual. I don't really know the people for 3dns, although I have met and spoke with them A while back when they were first launching, but hopefully we don't run into that situation With, with with these two entities before other entities coming through the space.
Speaker 2:Again, it's important to do your research and not just jump at something shiny.
Speaker 2:What you are actually doing is you are transferring ownership of your domain name to another person, to another registrar, to another entity, to another platform.
Speaker 2:It is essentially no longer yours. They are creating the duplicate asset on their platform that they are saying is controlling that asset, but at the end of the day, you sent your domain somewhere else and it is very important to understand that. So, with that being said, again, do your own research, not financial advice, but if you're going to test these, please test this with a name that you don't mind losing in the event that this goes bad, because that is a risk that is out there and something that might prove To be a deal killer for you. When it comes to wanting to bring your name on chain, which is what may give value to using a service that just mirrors it or allow you to just change the dns sec to get it on there, it really depends on what you're trying to accomplish, which is what I want to talk about in a little bit is what is the point of doing this in the first place?
Speaker 3:Well, the first thing with when you start to talk about dns sec is the extended function element. Right, we know, uh, you know domains being used as wallet addresses, um. It's a big thing. We've been discussing it a while here, but outside of our bubble, there's a lot of people who don't know the first thing about crypto, let alone while it's, let alone not how to send things right. And if we're going to get broader adoption of the web 3 space, we need to go ahead and have as many on ramps as possible to make it convenient for people to go ahead and enter the space, and crypto is one of those doors through which people are going to enter. But when you start to talk about the dns sec, as of now and based on what we know, it's a streamlined process to make your dns name, or the dns name that you custody or rent, um capable of being used to receive crypto and other things, but that's one of the main things.
Speaker 3:However, when it comes to tokenizing a domain name, I think that that opens up the door For a new level of marketing, a new level of exposure, um, a new level of utility, and i'ma be honest with you, I think that the Situations that we're going to see, that are going to be the most Prosperous and lucrative as it relates to tokenizing domains are going to be those associated with uh, web 2 and web 3 Tlds that are already on chain.
Speaker 3:So, like case in point, if you tokenize the dot com name, the dot com tld as it stands right now via verisign, it's not plugged into the blockchain in any shape, form or fashion. I have no doubts in my mind that they are combing it through right now, as we speak. However, you have other web 2 tlds that are actively plugged in with the blockchain and have some type of correlation with them, and using those names I think makes sense, and tokenizing those because they're already in the ecosystem. The guesswork has been taken out of it. Now it's just a matter of what what those names are going to be able to do from here on out. So that's, those are two of the main benefits I see with the dns, sec and the tokenization.
Speaker 2:Yeah, and that kind of brings me um, and not to show the dot box or anything like that, but going back to, like you said, um, oh, go go forward page.
Speaker 8:I was just gonna say you know, I think jotham might be a great community member that that's helped us out With a lot of education. You have to remember that dns sec was not just created for web 3, you know, it's uh, it's something that's created to to reduce phishing, to reduce people jumping jumping the broom I got you know jumping in line and stealing traffic as it's going through the pipes and other stuff I don't really recognize. But it's not like. You know, dns sec was invented, uh, to help web 3. It. It is a protocol that makes the connection more trustworthy. So I think that's why it's being used, which I like.
Speaker 8:But as we open up each one of these things, then we'll all learn a little bit more about dns sec, you know I mean. And then we'll know what, what we're owning, rather than maybe only owning when it's gone or something like that. And then, just real briefly, neighbor tips brought up the registration, the push, the thing. Don't forget. Also, when you transfer a name to another Registrar, it can't be moved for 60 days from that registrar. So just under full disclosure, you know what I mean. You may not be able to bebop around Registrars like you think you may. You know what I mean. You may have a 60 day period before you can get that name in your hands. If you don't like where it went, yeah, thanks.
Speaker 7:Yeah, and they're surprised. And they're surprised through transfer too.
Speaker 3:Yeah, and that's what I was going to ask. Two page when you transfer names from one registrar to the next, sometimes the recipient has to pay another year of registration, correct?
Speaker 8:They do, but they get value for it. So I mean, yes, the transfer adds a year of registration, um, but there's also some different rules about clawing back transfers. And If we really want to open up the Everything, there's some icon rules about a transfer. You know, say, someone steals your password, you know, spoof shoe gets the name, moves it to a registrar, offshore or something, and is trying to sell it. You know, I mean, and you say whoa, whoa, whoa, whoa, whoa, whoa, whoa. There's some protection there.
Speaker 8:That's why they built in some of these waiting periods to kind of to kind of put that transfer on hold or things like that. And that's why we like the fact that our biggest assets are in the icon system, which is a hybrid system. It's run by codes, just like the blockchain. A lot of stuff happens Decentralized, you know. I mean request code, get code, send code, transfer done, no touch, and then if there's a problem, you still have the call, your broker, call, customer service, and it's a hybrid system and I like that system, for I heart domains, com for page, how com, for you know your dot I owe that. You're building your business on Um, so but it's good to be aware of the rules, thanks.
Speaker 2:Yeah, the reason why I kind of stopped myself mid sentence. It was more of just a thought out loud, a speculative thought out loud, but it seems like maybe the best of both worlds in terms of security support and at least not having to go through all the transfers and understanding the rules of the tld itself.
Speaker 8:There may be some additional value in some of these domain extensions that are Coming straight from the registry on chain Uh, such as like right and I think dot art does that mark is not to cut you up, but I think they have a way where, once it goes Web 2, web 3, you know what I mean they kind of, they kind of lock it and and you know I put it like in a special, a special class, where it's very hard to ever have the two sides of it trade as I understand it separately, you know I mean, even if that means Locking the web 2 name, you know, forever, or something like that, I don't, I don't want to put words in their mouth but, um, I think that's why. So what I do is I look at my different things that I'm doing and I say are they 50, 50, web 2, web 3? Are they 80, 20 or they 100 and zero? So, like my dot v with free name, that's my tld, we've got 3000 domains.
Speaker 8:I consider that mostly web 3, completely decentralized, blockchain, no renewals, with a chance that you can make a web 2 out of it. You know, with the plug-in or some browsers, and maybe in the future it'll get better. And then I look at my four number club dot xyz. You know one, two, three, four to xyz and I think mostly people are going to be using that for web two things, and if they want to do dns, sec and add a little web 3 gravy, you know, then they can. And so that's what I'm trying to pick is when in the universe, between web 2 and web 3? Do I want to put my community and then match it up with the best technology?
Speaker 2:Yes, sir, go for it, chris. And then I want to say hi to a couple of other people that are here on stage. Got some amazing other guests that popped up. But yeah, go for it, chris, and then we'll get to that part.
Speaker 3:Yeah, I'll be brief. You know I want to, you know, bring up this point before we dive any deeper about why it's beautiful that you have the name fives and the e DNS is coming into the equation. Although you know registries, can, you know, just directly connect their names to the chain? We have this. We have the impact of a centralized industry like that's. That's what we deal with regularly when it comes to web, two domains and I don't think that it would hurt.
Speaker 3:I actually think it'll be much better if there were other players, that people had more options and more choices to send their names through or more channels to send their names through in order to do whatever they want to do with them.
Speaker 3:As long as those new players that are coming into the equation are good actors, they're acting in good faith, they have, you know, customer service, quality customer service at the forefront of their operations and that they're technologically savvy and they're not just doing everything with these names on the women, just telling folks, hey, they can be on chain and they don't have any like custody protocol for the assets and all that. I know we'll get there in due time, but I think just we want to make sure that this doesn't become a concentrated group of parties that are able to sit there and say, hey, you can do anything with the name that is in the DNS realm and on the blockchain realm, like we want to open up the doorway for a lot of people to be able to get in and and offer different options for us to maximize the value of these names.
Speaker 2:Yes sir, yes sir. I wanted to say hi to laws by Anna real quick. If you want to go ahead and say a couple words.
Speaker 9:Hey guys, just here listening to the conversation and supporting you guys as far as, like, the tokenization is concerned, let me just talk specifically about box. I'm still trying to learn who their target audiences or who the market for that is. You know, to be honest with you, it feels like it's just the NSD gens kind of diving into it and buying whatever they they think is like good. But is this so? Is the target market Web to? Is it Web three? If it's Web three, why dot box versus anything else? Right, and if it's Web to, I'm still not sure that Web to really cares about Web through integration yet. And then, of course, we know that any kind of any dot com, any Web to domain, any traditional domain, I guess, can be tokenized.
Speaker 9:Maybe the process is not so easy right now, but I think it's getting easier every day. There's more and more, you know, implementations of this, like Sean had something about go daddy, making it easier to, you know, make your dot coms into, or or traditional domains into Web three domain. So, yeah, those are my thoughts. I'm I'm learning, I'm trying to figure out what the thesis on these is and, yeah, enjoying the conversation.
Speaker 2:I'm glad to have you here. I've spoke on kind of my opinion on dot box a few times but kind of return it out for everybody and this is kind of back to what we were talking about just a bit ago. And so the target audience, as you said, you think perhaps they may be going after the NS D gens likely to enter the market. Yeah, I mean you guys, the people in the NS corner, you know, obviously attached to it, the quick as soon, provided the best entry for them to come into the market, is really easy for them to kind of target you that way. The value proposition behind it itself, when you say why dot box, I mean obviously it's the extension they own, so I mean that's the one they had to go with. The value proposition is to be determined. Kind of right to the definition of this conversation. You know the value proposition, maybe the one that I just speculated on, that you know there's a risk in transferring domains from registrar to registrar. You don't know what rules are violating, don't know you know what type of policy situation you're going to be facing when you transferred, transferred or registered to begin with. And maybe the safest route is to start directly with the registry that's putting it on chain themselves. So there's that benefit. That's what they're doing with dot box. And there's a couple other TLDs are. You know we mentioned art. There's a few others like dot bond, I believe it's going to be doing the same thing. There's a couple other relationships and web United. So there's a couple that are going to be doing it that way.
Speaker 2:The utility beyond that, like how they'll exist in Web three, you know, parallel to the E&S counterpart of the, have that same utility. I don't know and that was a question I wanted to ask anyone who has bridged using 3D and S, because we I use namefire. I didn't use 3D and S to bridge a domain over yet, although I might fight the bullet just for the sake of teaching people and spend that $120 a year to bridge one in. But I am curious as to what utility it does have on the other side, and that's what I was going to talk about as well.
Speaker 2:As you know the kind of why are we doing this? Are you getting, you know kind of the full suite of E&S utility or resolvability on the other side of your web to domain? Or is it just tokenized for the sake of being able to list it and get a loan on it and things like that, because when you're using the DNS sec way, I mean you're not getting the NFT that you're able to get a loan on and able to trade with, but you are getting the full suite of E&S utility with it if you set the reverse record. So kind of there's the give and take with both of those options. They're kind of even in their own way, if that makes sense and I see at your hand up again. Please correct me because I've got to say a name.
Speaker 7:Hallucha, hallucha, my boy hallucha. All right, hey, my boy just to go back with Anna. Anna was asking and actually that's the best way to approach a new product, right? Always seeing it from the hey, what's going on here, you know, does this look good or not? So that's always the best way to come and see into this new product that is coming. So that's what we were saying earlier.
Speaker 7:It's pretty important that education, the awareness and share every other person's experience, right? Like many of us probably have some experience on web too, but from different aspects, right? So the box for me I'm talking about as someone that has purchased the box, why did I purchase? It's only my opinion and that's only my experience. I'm not telling you go wrong, go get it because it's going to boom and you're going to make 10X on it. I like to always research what I buy and sometimes I like to. The only way to know what is this is to buy the product they passed. The first thing. That was the research.
Speaker 7:This is the first TLD, if I'm not wrong and someone can correct me if I'm wrong this is the first I can TLD that is, using a WebTree smart contract to facilitate the purchase and any transaction of a WebTree TLD to other people. Why? Because there's a lot of TLDs in the web too that to make a sale it can take months, even though you have already an offer and you already close a binding contract. So imagine going through all that process, the box, I probably is not their way. It's probably not their approach. I don't know them, I haven't talked to them, I haven't went to any of their spaces, what actually they're doing. But this is what they are doing indirectly, from my point of view. They're opening the doors not just from WebTree to Web2, but also from WebTree to Web2. Because in order for us that we are fully in Web3, we need to learn Web2, because we need to learn about the tokenization before even digesting into a different Web2 TLD.
Speaker 7:So box for me is the first TLD from IKEN that is using the tokenization. If I'm not wrong, they're using the 3DNS RBTUNS smart contract. So they are the first IKEN TLD, the first technology that is using the smart contract, putting eyes on vice versa, from Web2 to Web3, from Web3 to Web2. That's why I purchased, and also, every time I can launch a new TLD, many of us that are on Web2, we grab some stuff that we couldn't get on the TLD that we were waiting. Many people try to get their two digits, their one digit or their three digits or their two L or their one L in a different TLD, because sometimes you never know what is going to boom. What is going to boom, that's just my opinion. Hopefully it can help you out.
Speaker 2:Yeah, definitely Not that you off, chris. Your speaker's still on. I don't know if you're still going. Okay, definitely. I think oftentimes we don't understand the value of something until, like, an example is set or something occurs that makes us understand like, oh, okay, that's why that makes sense, and I think and I obviously don't wish this upon anybody but we are eventually going to come to a situation where one of these things gets contested and we will definitely see the benefit, or you know, or just how important it is to the register, something from a registrar that's playing, or from a registry that's playing ball from the gate, that has the same, the same ethos and kind of growth process and it's adopting and building in line of the same technology that we're using it for, rather than you know.
Speaker 2:Again, I don't want to act like I know the web to the main space, for from a lot of it that I've been exposed to, a lot of it is politics and and I think at some point some of that's going to be interjected, it almost makes you feel like they're going to let us. You ever heard of that phrase giving somebody enough rope to hang themselves with? That's something you know that we need to be careful with as we DJ and start bridging all these things over. And you know, doing what we do in Web three, we kind of take the ball that we run all the way with it until somebody comes with a big old stop sign. So yeah, just, I just wanted to put that thought out there. Go for Chris. Are you there, chris? Sir?
Speaker 3:Okay, so just to bag up what how Luca was saying you know, I love that he stated that you have to do your research and then sometimes the the only next step is to get some scan in the game. Right, and I want to reference why he you know he invested in box because that's what that was, that was an investment. Why he invested in box? And he said that? Because dot bot is right now the first vocal web to TLD, that's. You know, that seems to be leading with, you know, leading the charge. But we also have to keep in mind that there are over 1600 plus web to TLD's in existence. So that means that if you just looking at things through the web to lands, there's 1600 plus possibilities that you're going to have TLD's that are going to say that they're offering some blockchain web three counterpart right. I'll leave you with this in terms of what I think is a great value add here, because how, luca, you pointed out something key.
Speaker 3:You talked about the amount of time that it takes to transfer a name and, with this particular option bringing a name on chain or creating a digital counterpart that that's a way for you to go ahead and get sales for names that may not necessarily be able to be transferred within that 90 day window that you might have to sit, because right now there are some web to domain investors that when they could sell a name, but they have to have a buyer that's willing to wait for that 90 day window for the name to be transferred, and a lot of people are falling in love, falling out of love with extending that much trust to someone, especially if they don't know them, and in this case, this is a great opportunity to say, hey, I have this domain, you want to buy it?
Speaker 3:We're going to sell it to you for full price. However, we can't really transfer it from one registrar to the next without this 90 day window passing, but in the meantime, to confirm that you do have the name or have the right to it, you can go ahead and get this NFT that represents the name itself on the blockchain. So I think that that's another value add there.
Speaker 2:Just sir, sir, yeah, and then I don't know who had their hand up first, tanto or law.
Speaker 4:Yeah, let laws go first and I'll go after.
Speaker 9:I go for it on. Oh, thank you. Yeah, I just wanted to say that was really useful. You can all give me some education there, chris, I totally see what you're saying with. I'm thinking you just said something and I totally agree with you.
Speaker 9:And then, as far as the regulations are concerned, that's the first time I've heard anybody say that, marcus, and I think that's very interesting because you are correct that at some point they will come down right, and I'm not sure what kind of regulations dot box you know what I got a phone call be able to do that I don't know if it's like anything different than just registering, like registering a TLD from ICANN, right, because technically, art was probably the first one, but they were not able to get the team on board and so they were not able to do it.
Speaker 9:So you know it's not officially the way that box was able to do it right. Personally, I actually think art is a really nice TLD, but some of their, some of their domains, are very expensive and so that you know that's always an issue. But yeah, from the regulatory point, I think that's a very interesting. So if box did comply with everything that they're supposed to, if something were to, you know, if there was a case as such, they would probably be in a much better position than somebody else who didn't. So yeah, that's a very interesting point.
Speaker 2:Yeah, that's what I'm thinking. I'm wondering if these may eventually become the safe zone, because I'm thinking this setup, like think of dot AI, which has happened there we everyone speculated crazy and then they came out with a list of rules and so, after the fact, excluding certain industries, which certainly ruined a lot of people's day, and the same thing here, like there's you know, there's 1600 TLDs out there and a lot of them, if you're coming into this from the creative naming perspectives that we all are, and so I think that's a really interesting point.
Speaker 2:I think that's a really interesting point. I think that's a really interesting point. And again, you know, like the way that we came from, the registry might allow a whole bunch of registrations and then come in and be like, no, got to shut that down. And then do the same thing. You know, come out with a list of banned. You know industries and you know obviously one that the likes to that popularly makes the cut as crypto, and I'm just you know, again, that's just kind of traveling down the rabbit hole of what could be. But again, you know it could very well be that the ones that are on board from the registry, from the jump, may become that kind of like that safe zone for this hybrid asset.
Speaker 3:But listen, if I may drop in there. This is why I think zero X, I think names with the zero X prefix are going to be very valuable and I think that they're going to provide a safe zone because, really, in naming what is the real, what is really the big issue In naming, the biggest issue and biggest challenge is distinction right Prefix names. I think that it's going to be an identifier of what your intent is with that name. I think that that's what it is with a lot of the web two registries and registrars. Some of them just aren't forward thinking. We know that. That's the reason why some registrars carry certain TLDs that others don't.
Speaker 3:But then I also think that some of them are fearful about the distinction aspect.
Speaker 3:They're fearful that, oh my goodness, if anything that even reads or seems like what we have going on over here pops up on the blockchain, it's going to affect our market share. And they have all of these things in their heads, some of which are valid considerations, but others not so much. And I think that the Xero X distinction is going to be a really big thing, because you can't do away with the blockchain and blockchain naming is not going anywhere, so our best bet being in this space is to not lay down and just say, hey, web two, you're free to do whatever you want, but to show that, listen, we're not entering in this, especially the people that are in our networks. We're not entering this with malicious intent and we can draw the line in the sand and say, if it floats your boat, and this is what you all need to be comfortable with this. Here we have a certain way of naming on this and that you all might not have on that end and you all can maintain your distinction. So I'm glad that that was brought up.
Speaker 2:Yeah, there's definitely politics, bro, and there's definitely pushback. And again, I wouldn't underestimate seeing it come from another angle, like I'm apparently being ghosted by names come, yeah, and that note they're seeing they're trying to push back as much as possible and I get it like that's a real industry or real ecosystem over there and this is threatening it. So that's to be seen right Like again kind of going down that rabbit hole. I do. I see Tonto's got his hand up. I do want to say hi to Tonto. We had an amazing conversation earlier. Looking forward to hearing what you have to say. Go for it, sir.
Speaker 4:Awesome. Thanks a lot. Thanks a lot, buddy. Yeah, that's a great chat. So just hi everyone.
Speaker 4:I'm kind of new in the Web3 DNS space, but I'm a DGEN like most of you guys and I kind of want to do a little like quick history lesson of how we got here from my point of view. And obviously, like don't trust me, I'm an add-on on the internet, so do your own research. And let's go back to, like Genesis. Like there was this thing called Satoshi or this guy, Satoshi and Bitcoin and Bitcoin was awesome and we had addresses from Bitcoin and a guy named Vitalik kind of came along and thought, hey, wouldn't it be great if we do something cool with this technology? Let's try adding executable you know, smart contracts and programmable money. So that was like the real first evolution. That wasn't just a fork for Bitcoin, for, like my porn site, right, because that's we're like talking 2010. Guys were back 13 years and now ETH came and there was this guy, there was this group of hackers in Berlin with Vitalik and Gavin, and there was this other guy named Fabian and he wrote a request for comment Ethereum request for comment number 20. It was issue number 20 on a GitHub. Lo and behold, that became ERC20 standard. Now that was awesome, right, yay, huge unlock.
Speaker 4:Except, ethereum is built on EOAs and EOAs is just a public key, private key pair. That's garbage. Now we're copying, pasting these addresses into these forms. How do you know you're sending the right money? Ens, lo and behold, came out. And what are we doing? We're now selling you your user names to your wallets. It's like kind of fit the crypto ethos of, like someone just mentioned earlier. You got to have skin in the game, so now you're it's pay to play, but you can map like a cool name like dot ETH. And then now someone can find you with like market leading sites like MetaMass, because they're using a custom front end resolver to take that dot ETH name and allocate an address. So this is amazing.
Speaker 4:And now I'm going to start talking my bags because why not so fast, forward a bit of time? Like, how do we solve this EOA problem? Well, you've heard of this thing account abstraction. So now ERC4337 comes into play. But way before 4337, almost 300, almost 3,500 ERCs, before there was ERC721, which we all know and love. I think some of you guys hold ERC721s in your wallets. Any on-chain blockchain record is just a fork of ENS is going to be basically that it's a ERC721 contract. That's awesome. So fast forward 10 years.
Speaker 4:We've got 4337 with new features like account abstraction. But what about this dude who posted this comment 13 years ago about ERC20s? What's he been doing? Well, he's been making a new layer, one blockchain, called Luxo. Luxo is taking 4337, but it's actually going way back to the first form of account abstraction, which was 725.
Speaker 4:Erc725 is a proposal for universal profiles. Universal profiles is a set of smart contracts that act as your wallet, which give you modular functionality like controllers, account abstraction, gas abstraction, whole kinds of new Lego pieces as far as building blocks for building new contracts, both tokens and fungible and non-fungible. So that's super cool. So now you have a block explorer with an L1 that has usernames built in on-chain. So if I go to the block explorer and I type my username, I pull up my account instead of just some random wallet address. That's a huge unlock for the blockchain as a database, as the infrastructure layer of the internet, which we know is kind of the whole promise of Web3.
Speaker 4:But let's rewind to Web2. You could also. Ens was smart. They were like well, fuck it, I'm gonna host a website too on this with the reverse record. So there's all this place about how we're talking about Web2 and Web3. I really see the future is just Web2.5.
Speaker 4:Go pick a protocol that's been around for 10, 20 years and figure out how to connect that to the blockchain as a database. So we're looking at DNS, dnssec, https, websockets. I could keep going, but I don't need to nerd out too much. But let's keep going to my point. So if you remade a blockchain that solves user identities but doesn't have the DNS, and if you think about it, ens was a bandaid to a poor solution initially right.
Speaker 4:Erc20 was a request for comment, not a final token standard. That's how fucking early we are, guys. The same dude who wrote the initial standard for tokens just updated the standard and the main net went live last summer. So go do your own research into Luxo and then start thinking about when, if you have a universal profile that has a JSON with metadata that lives on chain and you start playing with DNS and some of this metadata and custom resolvers, you can get dynamic DNS. You can get dynamic CMSs built around the identity and the content that you've both store in your wallet and in the metadata on chain and universal profiles. So this might be way above people. But to sum it up, I started ifeath was the solution for EOAs, then I thinklix is the actual evolution ofeath and ENS and we might be too early for this.
Speaker 4:So Luxo is making their own name standard service, probably coming from the core team. It's going to be codename, universal name. I don't know what TLD they're going to use. I don't know if they're going to target the Web3 as a registrar. I don't know if they're just going to try to compete witheans. I don't know if they're going to try to airdrop a free name for everyone so that people with eath can just start usinglix. I don't know.
Speaker 4:I know that I personally saw the opportunity to create something called dynamic DNS in the Web2 space by combining universal profiles andlix extension. So I started buyinglix extensions, tlds and the main offerings. But then I also was like well, how easy is it to just make my own custom minting, front end and registry? I mean, on on chain registry, it's just a mapping bro, it's a one liner in the smart contract code. Yeah, there's fancy extensions and you can build around, but you're kind of like the real missing piece here is how you get backwards compatibility into DNS too, because if we only are all tied to custom DNS servers on free names DNS, the average user isn't going to download some app to click a button to change the IP address and their DNS and their host file on their local config. You're not going to fucking get that.
Speaker 4:So, anyways, all of that verbal diarrhea is just to say that I'm building in the identity and Web3 DNS space.
Speaker 4:I want to have a conversation with all of you. Please DM me, tell me which TLDs you own, tell me what features you like, tell me who your favorite providers are, tell me what feedback you can give me as far as, like, what should be built in the, because I'm looking at the competition, I'm looking at how everyone's kind of siloing and figuring out their stuff. But I think that like we are so early in Web3 DNS and the evolution of how Web2 and Web3 are going to merge and intersect, and like it's the ideas and the spaces, like this room, that are going to kind of unlock and as a builder, I hate building the wrong things. So I would really like as much feedback as possible for you guys to give me in terms of what features are the best and what I should be building in the next four years pull cycle. So thank you for my time.
Speaker 4:I love listening to everybody. Everybody can reach out to me after to have follow up conversations about any of this idea and please like, pop in my DMs, because I don't have a lot of friends that are knowledgeable about Web3 DNS and if also, if I said anything that you just know to be false or that you think was inaccurate, please let me know. But thanks for the time to speak. I'm done now, guys. Everyone have a lovely day.
Speaker 2:But thank you for coming up. I really love that we were able to connect. You definitely have a very deep understanding of the technology and even though you said a lot and this is I'm glad these spaces are recorded, because I do again suggest for anybody who wants to dive deeper into anything that we're saying to listen back through the spaces and do your research. But the TLDR of a lot of it is when we're talking about digital identity. Oftentimes a lot of us are talking about different things and a lot of builders are building, really trying to accomplish and create digital identity that works in different ways, that is multi chain that is actually functional and usable in that way right to be exactly what we are calling it. And then you know some of us who are bridging domain names over into E&S or bridging domain names over to sell on OpenSea. We're not doing that to create that same thing. We're doing that so that we can sell it to somebody else and we don't know what they're going to do with it after the fact.
Speaker 2:But there are people in this space that are building different things for different reasons and when you're bridging something into this space, you need to know what you're getting on the other end, because it may not be that again, like I said, I don't know what these things are able to do when they're bridged over on the other side, aside from being recognized on OpenSea and sellable. So that's another thing to take consideration. And yet, thank you for being a builder. We got many more conversations and a lot of building to do, but again, blessing to connect. I wanted to say hi to Ishmaelie and also the hedgehog as well. I didn't give you a chance to tap in and speak and say hi. So yeah, if you want to go for a hedgehog and then Ishmaelie, both of you guys, it's a pleasure if you guys can say hi.
Speaker 5:Yeah, I'll go quick, man. I'm just here just stepping on my coffee, man. Well, number one thanks for having me here, right, stepping on my coffee and just soaking in all the alfamins, because, again, man, every day I'm learning right? Just wow, just a boatload of knowledge up in here man. So, yeah, don't mind me, I'm just soaking it up. If a question arises and I may be able to answer it, I'll raise my hand. But yeah, I'm stoked to be here, man, let's go to Is what's up Is?
Speaker 10:Yeah, gm, everyone. I was just kicking back listening because I've been caught up on conference calls on morning, so I finally free up and wanted to come up on stage. It's been very informative. I think we're at an inflection point with Domain, and listening to someone like Tansil, who just spoke about what he's building, is what it's all about. The innovation that we're going to witness is going to be very interesting to be part of, and I think it's going to create a lot of opportunity for those of us that have a presence in this space.
Speaker 10:I always urge people to be open-minded and not be emotionally attached to their bags and make room for change, right, because at one point there wasn't a dot-eat, at one point there wasn't even any internet, right? So I think we're going to see things just take off at a massive, exponential rate, and it's awesome to be part of this type of collective dialogues where we can be part of that old conversation. I love what Tansil said he's building and it's funny because there are two types of people here. There are people that are open-minded and there are people that are close-minded and you just got to tune off the noise. Build your network, connect with the people, respect people's perspectives. You can agree to disagree and always reposition, because me personally, I can tell you I've taken a lot of losses listening to noise makers, right, not everything I ask is critical, master, sustainable, and the next builder is going to be.
Speaker 10:The next opportunity is just an air. What am I trying to say? The next opportunity just comes when you listen right. Good example I didn't know anything about Jupiter hanging out in sort of spaces. I did an airdrop today, claimed about $2,300. I mean so this conversation is very important and I think that, as related to domains, we are really, really at a ground floor opportunity and no one is right, no one is wrong. Just take the information and apply it how it fits with you. Peace go.
Speaker 2:And, as always, you said some great words and a lot to sit on and a lot to take the heart. Again, you know being closed minded, as you said, it closes you to opportunities we are. First of all, if you're here in Web 3, you're already on the side of open-minded, so why stop being that once you get here and decide to close off your walls and everything else that was out here? I used to say it sometimes when I first came into the space, I used to call myself a B and B chain Maxie. And now me and my wife look at each other and realize how ridiculous I was and how many ETH projects I didn't meant, how many Alpha Groups I faded, how many tokens I rejected just because they weren't on the blockchain that I claimed that I was a Maxie of. And now, looking back, that was the stupidest thing ever. And it's the same thing.
Speaker 2:If you're here really to build, the nature of building has to be open minded, because that's how you find the ideas and tools to make whatever you're building better. A true builder always wants to be better. So a true builder is always researching, always looking to see different examples out there, always looking to get input. So, yeah, wise words. As always, I go for this.
Speaker 3:No, just keep in mind, you know I'm glad that you shared that. We have to. We have to understand that digital identity has to be just as diverse and robust as the people and things and situations that is going to represent. There are billions of people in the world. I think that we can all unanimously agree on that right. So, with billions of people in the world, there's going to be even if you just do basic life math and basic technological math, just for everybody to, if we just looked at it through the lens of everyone getting a name that they want and that they were satisfied with there is going to have to be multiple changes. There's going to have to be multiple change just to accommodate people's preferences by default. And so if you're building at this juncture of Web 3, you have to go ahead and build with that in mind. I was just saying something not too long ago that a lot of Web 3 projects are going to fail because they're not going to have the proper customer service foundation in place, and then, on top of that, they're going to rely on these external variables things like your Discord admins and your Twitter admins and stuff like that to try to compensate for the fact that you need to be front and center to get an understanding of what people need and also what they want right.
Speaker 3:The fact that we are in this space and we're talking about digital identity, we're talking about gaming, we're talking about opportunity in the future, and you don't hear many people speak about families and children it tells you that not only are we early in the space, but we could be behind in our thinking and our internal consideration of what this means for the world. So it was great to hear you know, tantos, come and give everyone the history lesson, because I think sometimes we get to a point where we put our foot on the gas and get so comfortable with the idea of accelerating that we don't sit there and we don't slow down and take in the scenery that's around us, and in this case, it's the building scenery. Right, it's laying brick by brick. It's moving the debris from yesterday out of the way so that we can go ahead and chart a path towards something as much better, because if we don't do that, we're doomed to repeat the very things that we critique directly and indirectly every time we come into these spaces.
Speaker 3:Spaces were doomed to repeat it, and so this is not to make web, too, out to be the enemy. It's not by any shape, form or fashion. We're talking about technology here and people involved. But the internet has not served the people as much as it could have if there had been more education, more dialogue, less bias, less tribalism. If we had to have had those things, who knows where the world can be? But we don't have to wonder now because we have blockchain and web three in front of us and we are the pioneers that can keep these doors of conversation open, to make sure that our children don't come into this space and have to deal with the domain politics and, by the way, the politics are real, so much so that we have domain politicscom.
Speaker 2:There you go and I just lost my chair. Thought after you dropped it off. Debate politicscom. There certainly are politics.
Speaker 10:Now for sure, there's definitely politics and you know, the psychology of humans has always been wired that way where, especially when there's money involved, people tend to, you know, want to be right by any means. And you know, even if something is blatantly obvious in their face, they, they, they shill it in a. You know, they, they talk bad about it, they ignore it till it's too late. You know, I always make go back to the analogy of you know Tesla, you know vehicles are you know something that are very similar to domains like they've gone through so much evolution, right, and at the end of the day, innovation always wins, right?
Speaker 10:If you look at the number one car manufacturer in the world, it's Tesla, because you know, it went against the grain, went through all the learning curves and you know now it's like, okay, well, what do you mean? You know what if you run out of gas? What if you do the? But the consumer always is king, right? And at the end of the day, the reason why Tesla is huge is because it's the most innovative. It went against the grain, and the same thing is going to happen with domain names, and I think that's one thousand percent positive about that. It's not going to be. You know what is the most popular right now? It's something that's going to come in the future, that's going to disrupt the status quo, and that's what we're witnessing right with. You know, when we talk about digital identity, like you're right, we don't think about kids, but we also don't think about things right and smart contracts and data and all these things that need names. You know what I mean and that's really where it gets exciting. That may happen.
Speaker 3:Oh no, go for it.
Speaker 3:No no, I've just brought up Tesla. Do you see the damage that the cyber truck is doing? Just to see that truck against the everyday lens Listen, man, that truck against the everyday landscape of things that we see, like you see that truck in front of, just like a building, even a recent building you're like that's something different. And I think that's what we're going to be looking forward to happening with. Digital identity is just, it's going to be something that comes about, and I think web three in a blockchain is definitely going to be a part of it. It's going to come about and when you put it up against anything else, it's going to be like wow, you can't divert your attention away from that and you're going to have to look into it and build on it.
Speaker 2:Yeah, going to back to what you said when I lost my thought earlier and kind of speaking of all this innovation, and you guys are absolutely right, we're seeing it right, we're living in it. We're going to see continuous innovation, we're going to see better products, we're going to see things that we didn't imagine. We're going to see all of these things and you highlighted what is both an opportunity and also a big deficit that we currently have in this space that we're going to have to fix if we ever do want to have a massive onboarding, and that is the ability to be able to manage the people that are coming into it and provide proper customer service and education and also monitoring so that people can bring kids on and make sure the platforms are bringing their kids on are safe. We tolerate what no one else is going to tolerate as far as the technical stuff that we have to go through to buy domain names or the crypto getting rugged, not being able to get older people having to join a discord and waiting for days to get your ticket answered. All the stuff that we're asking for millions and billions of people to come onto the space corporations to use this for indexing the frameworks going to have to be laid for for when they come on, they could be managed and they have a good and safe experience here. So that is an opportunity, like I said, and something that we definitely don't have yet.
Speaker 2:But also, you know, maybe something that and again, I know a lot of people have certain reservations about certain entities that exist in this space.
Speaker 2:But those larger entities, such as like unstoppable, those well funded entities, they're the ones that have, you know, kind of the budget and the framework to set up the type of customer service, and that's also important as well. You know, as we're embracing new technology and new innovations, that not only are you just jumping on the opportunity and the innovation because it seems cool, but you're looking at, you know, on the back end, who's behind it, what company is behind it, can they maintain it, can they provide that customer service, or will they eventually set themselves up to have the shelter fall? Because that's kind of and I don't want to put any particular project on the spot but there are some projects that you know have kind of made promises and created an environment that we thought were going to be successful, and now you know and I'm talking about in the naming space, but now don't really have a way to move forward and have kind of stagnated and it was important to know that kind of from the start.
Speaker 3:So nothing seemed to pay attention to you know you, you hit the nail on the head and that's that's why the constant conversations, the constant education and then holding people to task is very important, because we can't be disillusioned by this idea that this company or this individual got this funding or they're saying this there's a, there's a house of cars that's being built right now, as we speak, right, and we can choose to be outside of it or under it when it topples down, because it is going to topple down and then we're going to look at a handful of cars that are still standing and it's not going to be any question, that is something unique about them, because you're going to sit there and say, wow, this, this house of cards metaphorically fail, but these are the cars that are still standing and it's going to make you look more into what it was that they were offering. Like, I get that. A lot of the things that we discuss, especially when, again, when it comes to education and family and all that, it's not sexy. I never said that it was, but it's necessary and I think that in this space there are a lot of people who focus to. They focus on what's sexy and what appeals to them at the moment, but if we're really talking long term here.
Speaker 3:If we're really building long term here, we have to look at the things that are long term. Humans, reproduce, children, safety, the flow, the infrastructure all of those things are important and you know, I'm proud to say that, believe it or not, it's not. The scales aren't totally unbalanced with respect to the number of people who get it and the number of people who don't. I just think that the number of people who do get it, they have to remain steadfast and they have to double down on this, on the on the notion that people need to teach, because people need to learn. In order to teach, you must learn. Yes, you can make fun. Fact you can still make money and learn. You can still make money and teach. Here's one for you you can still make money and care.
Speaker 3:So, with that being said, keep that in mind and move forward, and I can guarantee you wholeheartedly, as someone who who operates from that standpoint, there's a lot that comes with caring and paying attention to the bigger picture. That will not only ensure that your bags are big, but your heart is full in the process. So please keep that in mind, because we're not playing. This is not a lightweight game here, once the government and bigger entities formally get involved. We already have the banks and institutions and businesses getting involved.
Speaker 3:So, please, governments, come out the gate and they say, no, this is how our people are going to be represented. That can either be something that works in our favor or it can work against the space, but I like to believe that right now we're in a position for it to work in the benefit of the space and those of us who are here. So, you know, I kudos, kudos to all of you, all who have taken the time to be a part of this space, because without it, without you, it wouldn't have the value that it has. So, thank you.
Speaker 2:After, after the pump, after the influences come in and show where what's left right, after all the smoke clears and they take all the liquidity out, we're left with the assets that we that need to work, that we need to be educated on how to make work, that we need to extract the value that they were sold to us with right. So that's that's us right, that's the builders and you're right, there is plenty of opportunity here. I don't mind not being on the side of onboarding people to the space by by, by taking all of their money. I'd rather onboard than the education and it's going to take a mix of people, right. But but yes, absolutely like we are who's left. We are the most important. I think we're the in any industry.
Speaker 2:I think a lot of us have gotten in the NFTs and gotten into tokens and the biggest builders, the ones who come up with the biggest use cases and are able to make chains, make sense and make them relevant, are, unfortunately, the ones who get stuck with the tokens after the other people who kind of pumped you up left. So you know, definitely importance to those who are, who are here to build, grow with true intention. Again, like said, we need all of these resources that it makes sense to everyone in order for this to truly be taken seriously. Growing at the adoption of deserves.
Speaker 4:Go for talk to you know, yeah, I just kind of had some more ideas going listening on to the space. I just wanted to bring everyone's attention to links that I threw in the in the chat. One is just an example of a contract that I minted live on polygon may net for my TLD. I guess, like conceptually right, like I think one way we can all get involved is by rethinking like okay, you have a registrar, you have a provider they're issuing, issuing you an ERC seven to one and now you own a domain, maybe you own a top level domain, like what you know. Are you going to? Are you trying to build a web three registrar? Are you trying to build just a namespace project? So I think, the ability for anybody to start like a namespace project and to be able to build out that TLD while integrating with, like, the larger players because there's going to be winners and losers, just like you guys said, the house of cards is going to fall the people that are building some piece of differentiating tech or that can tie the namespace utility of their, of their namespace, to some other feature set, like the liquidity router or aggregator, maybe that is, you know, maybe that is new identity primitive, maybe that is subsidized gas. I could subsidize the gas for every single user with dotlix from the sales of dotlix domains, you know like. So when we start thinking about like guys, this is the golden age for builders. This is not a speculators market. I would educate before you.
Speaker 4:I know one of the advice earlier and I agree with him is get some skin in the game. So sure, buy a sub level domain of any of these web three domains and educate yourself. Maybe think before you start spending the big bucks on a TLD and if you, when you have a list of a TLD, think about how you're going to build and add value to that namespace, because what is everything value? Value is users, value is community. Value is this call right here, you know what I mean and bringing and building new things for these people and and and getting away from the, the, the grift in the space of which there is always going to be in any tech field or finance field. It's a language. If you don't speak the language, you're at a disadvantage and there's going to be grift. It's smoke and mirrors, right, but anyways, I'm really happy that just be part of this space.
Speaker 4:I'm really new in the web three domain spaces, but I am building. I have been building for a long time and, yeah, I just wanted to draw if you guys are interested in learning more about how I'm building a, so what I call dynamic DNS, aka like someone should be able to register a sub level domain from my TLD and instantly have a web page with the assets and the records that they've set in my contract. Or just pulling in assets, other assets that are from larger projects that are like, if you have a dot e name, I should know what that dot e name is and automatically give you the option to maybe reserve or change. There's so many ways you can. Just it's the database layers on the blockchain, it's all. Anybody can read from it, anybody can write to it.
Speaker 4:So the composability and the whole idea of someone deciding I want to build a dot something and connecting to the developers and the people because here's the other thing every problem that I'm about to solve for my name space I can solve for every other TLD owner in this chat. Why do we got to all reinvent the wheel if we work together or stronger together? So that's just my thoughts and like yeah, I'm hoping that a lot of you guys reach out to me, I am friendly, I don't bite and and yeah, I'm just so happy that I was invited to speak up here. This has been a lot of fun. Thank you, guys for listening.
Speaker 10:If I can chime in, I I'm just excited that you came on the space. You know, last month I hosted a conference called Domainer Expo. A lot of people here are familiar with it and I'm going to. Well, I planned on doing a virtual edition A few weeks ago, a week or so ago, but I haven't really had the time to focus on that. So I've picked a date which is February end of February and the intent is to allow people like you to have more visibility and give people the content that was shared and add on to that so that you know there's a platform for people to get educated year round. And you know that would obviously help with the build up to our next conference in September. You know we had about 100 people at the conference and it was awesome. It was a great networking opportunity, was very, very impactful for me because since then I've seen some of these people you know build amazing things, like the founder of the conference. He was at the conference talking about what he was working on, and I think I have a deeper relationship with Unstoppable because I met them in person, you know when and I are cooler than ever because you know. So to facilitate and encourage people to attend the next conference. I want people to at least capture or have a chance to visit what was discussed and add on to it. It was December 6 and since then so much seems to have happened and I anticipate between now and September a lot more shit will happen. So I want to create that educational platform that's year round that people can go, listen to stuff on demand and, you know, consistently keep doing Swedish spaces being part of this type of dialogue.
Speaker 10:So, yeah, my, my, my interest isn't connecting with the builders, because I feel like what's going to be a multi billion dollar space. It already is a multi billion dollar space, Unstoppable as a billion dollar valuation. So can you imagine what does it worth? Right, I think that the builders and proximity to the builders is where there's going to be the most opportunity, right, I mean, look at what you go labs did with profile pictures, domains of the original NFTs, and some people take the stuff for granted. You know they think it's about protecting their crappy names that they own on a specific protocol, when the opportunities way bigger.
Speaker 10:Right, you know, someone was laughing at me and said that I lost money buying and selling dot eaves names, and I was like you, dumb ass, do you understand that there's two else to get to a million, you got to take a couple of losses to keep it to that next level. Like I'm in a position where I could take 100,000 or losses, still have a steak dinner. Are you laughing at me or you should be looking at yourself and selling $3 name? So I want to connect with the people that think at a bigger level. I want to connect with people that are, you know, going to be here through the spin cycles, right, and I feel like you know we're building our tribe. You know, by, like you said, there's value in this dialogues and we're starting to understand was real and who's not. And we're understanding was going to make it and was going to get $3 or $30 and think they want something. You know what I mean. So it just wants my heart to just connect with you guys every time we speak.
Speaker 2:Man, I'm loving that and I started to cut you off. I'm saying right now, from now on. But yeah, I also did. It's a perfect reminder Everybody, please, connect with everybody. That is the purpose of these spaces is some people and connect and build. If you're getting the theme of what everyone is saying already, the money for most of us, quite frankly, is going to be in building something. Most of us aren't going to be making money buying and selling and flipping these domain names because there's way too much inventory, especially in the wet three space. But if you could build something, if you can bring value, if you can create something behind these names, or if you can create a tool or a resource or somebody else to use or to educate themselves, that's where the money is at. So we hold these spaces to bring people together so that they can connect, they can build, they can create all of these things that make our market what it's eventually going to be. Go for it. How much? And then Chris.
Speaker 7:Yeah, man, and also from the, from the trading, from the. My trading experience Okay, I'm a margin trader as well, so you got to test the market. If you don't test the market, there's not going to be gains. But it's not that easy. That's why you need to control. You have to learn how to make an analysis, have a research, have a research, have a research and another research. It is pretty important.
Speaker 7:Forget about the news, the echo box that sounds so lower. I know you can make money probably 1000 X on any meme coin You're going to hear a lot of people talking about I make a million dollars selling a dot com, $2 million selling a dot com. Yes, there is those kind of cells by is because these people is been building, is been researching, is been controlling their, is been management. I mean, they've been managing their risk, they've been controlling their feelings and acquire, acquiring good assets within the process of getting trash as well. These people's holding domains, probably since 1990, 90s, from the 90s probably, these people got it for free because I remember, if I'm not wrong, many people could have claimed the dot coms for free and if these people got it Many of them there was not even companies built on that time there was the big companies. Big companies built on that time. Imagine these people being so early. That's why these people was a warden with the time, with the process of learning, the process of managing their, managing their risk and controlling their, their, their emotions. That's why these people is like our, something that we also need to look at.
Speaker 7:A lot of people say at F web to this is Web three, we own our own privacy, we, we, we own, we take control of everything. No, that's not true. I'm sorry, I'm sorry to to to, to hurt your feelings, but this is not true. We need to go, we need to go by the hand of I can at this point, because it's necessary, it's necessary that we have this control system so this, this new technology, doesn't go out of hands. Just my, that's what I go by. No, no longer my pain, that's how I do my stuff, that's how I trade, that's how I purchase a lot of people and, yes, I have test the market. I have this community and if you want to look into something, ask yourself when is the community, where is my community of my first NFT that I have bought for? Where is your community? Do you still have that community behind your back?
Speaker 7:There you go, the answer is no, you don't. Do you have the second community of your second NFT? No, you don't.
Speaker 4:Actually I do, but yeah.
Speaker 7:Yeah, yeah, but it's because you're probably still a holder, because you make a good connection over there, but it's not because your NFT community probably didn't do good, but it's 90% of us I want to say 90% of us that we still don't have the community behind us because we got rug. And every time I participate on a discord, I told them. I always say he's happy to be here. I purchased this NFT to connect with people, because I test the market. I want to build relationships with new people. No, because I have the expertise. I don't have the mind of making a lot of money doing here.
Speaker 7:If there's a chance, remember always to take profit. Always take profit. Don't do not be greedy. Do not be greedy. But here comes another thing. Something that is also shared is on. The domain is different. Never accept the first offer, because if there's someone that is interested in it and is offering you a certain amount of money in a certain kind of domain as well, do not take it, because there's probably somebody else behind. There's probably an Elon Musk that is trying to buy your Teslacom for $50,000, if people know the story about it. But remember there's also domains that are trash, that you know is trash You've been holding forever, you know nobody's going to get it. I mean, that's also another research, another lesson that you need to go for and just keep coming to these spaces, because we are learning each other.
Speaker 2:Yes, sir, and talking to your point and you made a very important point it does require continuous education, trial and error. Nothing is just, and a lot of times, oftentimes we see the result of something and we just think that it just is. You never know what building went behind it, what kind of mistakes or what all went behind the process for something to inevitably turn into a $5 million domain sale. You don't know how long that person has to hold it. There's always different factors, and so you know, continuously educating yourself, being in this space for the long haul, being open minded and again, building will yield more success more often than thinking that you'll just be able to hold it and it'll happen for you. Go for it, Chris, and then we'll get to talk to you, and then we're going to wrap up, because I actually fly out tomorrow and I'm going to spend the rest of the day getting some stuff together.
Speaker 3:I'm going to leave you guys with this Patience, persistence and profit. Right People, in this space, everything happens so fast and I think that if you slow it down, you'll recognize that patience is the jewel that leads you to those profits that you want and more and understanding the dynamics of how this space works and the fact that, although there are people who don't think the way that you may be thinking or approach the things the way that you may be approaching them, it doesn't mean that there aren't things that you can't learn from them, right. So just keep that in mind, because if you're going to be in Web 3, I think, by default, anything with Web 3 or blockchain technology in general you have to be open minded. And I'm not talking about just the hey, I'm open minded, no, you literally need to be open minded. And when you get into this digital identity space, you have to shift gears a little bit, because if you're in it to just grab names and sale, okay, that's your prerogative, go ahead and do that. But if you're in this to go ahead and pair names with particular people in particular situations and provide a particular benefit, you're going to have to lead with strategy, right, and you can't properly strategize if you're not properly educated, aka properly informed. And the thing is is that you can't allow yourself to hear a lot of this noise in this space and allow that to guide your, your direction and, at the end of the day, shift your trajectory. It's like you know, when you think about just on our side with Namertips, you know our big thing at this moment is the library, because we understand what libraries mean to society and the world for those who, at the end of the day, they are not as fortunate I hearted and I.
Speaker 3:We just had a discussion earlier this morning and we were just talking about how privileged we are to be able to sit here and have discussion about things that have yet to become, and we are even more privileged to be able to contribute to where things are going. And you have a lot of people out here who don't even know why many of the things are happening to them the way that they're happening. We're in a position to be of service and I don't want us to lose sight of that, because if we lose sight of that, we have not only wronged ourselves, but we've done a disservice to others, because the realm that we're in right now, the position that we're in, we can help launch some things that are going to positively impact the world. Like don't take that for granted, like a lot of people don't realize that this has global impact. So that's why we have to be critical about how the few players in this space because when you look at web two, the hardest thing to digest with web two is that the web two community and this is outside of the people who choose to be anonymous it's a really close knit community. It's like really six degrees of separation on that side, right, but as a result of that, you have a lot of super smart, super talented, super wealthy people on that side, but yet the internet and the digital namespace and web two seems to be in this box, right, and that is just mind blowing. So I just say to myself I say listen, if I can do my part to help stimulate this idea, that we don't need to repeat that, not saying that those guys and gals are a problem.
Speaker 3:I think that that's just kind of where things were in the early days in internet. It's made a very good point Like there was no internet, right, they, they were the, the, the, the, the loonies and the ones who didn't know what was going on. I joke about it. I say it was some domainers who were getting those dot coms early in the day and their wife was like what are you buying this, this thing? What is a dot com? It's crazy. And then you know what, five or 10 years later, that was the. That was the bread and butter for their family. And so I think that all of that is coming full circle.
Speaker 3:But it needs to come back better.
Speaker 3:Right, it needs to be refined, and that involves educating ourselves, educating the folks over in web two and you know, you know, dealing with that back and forth every now and then, but also making sure that we don't get so absorbed in our technological and financial prosperity bubbles that we forget that there's people who, at the end of the day, they might have phones, but they think that it's a magical connection that happens when they go on the internet.
Speaker 3:We know, we know, we know about connecting to servers and the records and the TX and we know all of this stuff, but they don't, and we have a responsibility to make sure that they don't get left behind or eradicated in this next chapter of things. And I think it's if, if there was any place that we could choose to be, I would sit there and say in digital identity because it's going to make it real for the people. So I appreciate you all for taking time out of your day. I hope your travels go well and I'm going to pull it back on the mic and you all have a great day and I'm looking forward to what everyone else has to call.
Speaker 2:Man, thank you as well, and I love what you said. Taking it back to that personal responsibility, you know we really do have what we're building now. We don't know the impact that it will have for people in the future.
Speaker 2:You know we we deal with this space, or I think we deal with talking about this space and these assets so casually, but this, this really isn't. This isn't public or candy. We're talking about something that millions and billions of people eventually on board and a lot of us with something narrative for how they onboard and how they understand it. So we do have a responsibility to make sure that they're not miseducated when they come into the space. We, every single one of us, with every single thing that we say and every single thing that we build, you have the potential to inspire someone else in their entire journey, and you just don't even know it. Like, even referencing back to a personal experience, like I used to design suits for a living and, of course, I loved my craft and I took it seriously Somebody called me one day and told me I just wanted to thank you for making a suit for my father and I was like, all right, I'll make suits for all kinds of people. And then that person explained to me that they just buried him in it and that it had always been his favorite suit, and it was at that moment that like it threw me off, like it meant something completely different, because I had never thought that someone would take something like that and would cherish it to the point that they wanted to be buried in. And that's the same thing.
Speaker 2:When you put messages out, when you create content, when you sell a name or tell somebody that a name is a braille and they go and buy it, you have a personal responsibility for that person. Now, for that, pretty much that perception, that environment that you put out there, because that person is going to take what you said and do something real serious with it. And so, yeah, I'm glad that you constantly bring that up, that we are shapers of the narrative and that space, and that's something that we all need to take seriously. All of us have a part to play. Everyone is listening to us. Our space ain't that big, so everybody coming in only has us to listen to you. So be mindful of what we say and what we put out there. Go for it, tondo, you got your hand up, sir.
Speaker 4:Yeah, I did so sorry, I was like making a fucking promo code right now live for everybody. But so, yeah, the last thing I love what I'm hearing, obviously like a final call to action for anybody who kind of liked what I was putting down on this space would be please message me about anything regarding Web 3 domains. If you own a sub level domain from a TLD provider who's doing something cool and has a feature you think I should be building, tell me about it. If you own a TLD at any Web 3 registrar and you're thinking about how to add custom functionality or features to that namespace project for your own, whatever you're building, please message me and talk to me about it. And then the final thing I'm doing is I just made a promo code for the dotlix on free name, for I heart domains and that's for everybody here If they want to grab a dotlix I.
Speaker 4:I intentionally don't want speculators right now because this is so early and I'm a utility first person, but I'm also a builder bootstrapping from scratch. So anybody who buys a dotlix domain can support me building out these cool features If you message me about, because if you own a free free name dot, tld, I will straight up, want to talk to you because I'm building extensions for that. So whatever I build on dotlix is going to work for you guys. You should be messaging me. I'm setting up right now. I don't know how many people are in this chat, so we'll just call it 42 coupons for I heart domains for 42% off. Go nuts on that if you guys want to grab a dotlix and be part of what I'm calling dynamic DNS. And, aside from that, thanks for putting up with my shameless shilling. But seriously, guys, I'm a builder and I want to connect with all of you. I took some screenshots, so I have people's names. I'm going to just be creeping and following you guys after and ask me any of your questions, because we're all in this together.
Speaker 2:Yes, sir, yes, sir, and as long as in every single space, we continue to have people connecting with each other, I feel like I did my job. I do encourage everyone to take that off and that's a very generous offer, so appreciate that. I'm excited for the conversations that we had about the tick that you're building. You are definitely very capable to bring out the best in some of these namespaces and so, yeah, look forward to seeing you continue to build and connect. And everyone else is on the stage all builders, all people that bring a lot of value to the web through the main space. So extremely thankful to have you guys on. Yeah, and for those of you who attended, thank you as well. It was a very interesting conversation. Hope we put out enough for at least everyone to start their journey and make a good decision.
Speaker 2:If you are deciding to tokenize one of your domain names, again, there are a few different ways to accomplish quote, unquote tokenization or bringing them onto a blockchain so do your research on which one works best for you.
Speaker 2:Remember, one way does involve you having to transfer custody of your name completely to some other entity, so do your research on if you trust those entities and you know, my advice is to start with a name that you don't mind losing, because this space is truly speculative. And yeah, with that being said, for anyone who wants to listen back to the space, it's easy to do so here on Twitter, or you can find all of our content at iHeartDomainscom. I'll upload this space, probably first thing in the morning before I fly out, along with a blog recap of the spaces, so you'll be able to listen to it embedded directly on the website. Or you can look for us, like I said, on any major podcast player, including Apple and Spotify, and also at techtalkhost. We'll take you directly to our podcast page. Super excited for tomorrow. Again, I might be a little AFK or intermittent in posting, or I may be posting all day weird pictures of all kinds of cool stuff. I see either one.
Speaker 2:What I'd love for everybody to do is to interact. This is the official launch of our Nerd Merch initiative. Again, you know everything that I do building is to help bring the space forward. Everybody can benefit from what we build. So this Nerd Merch initiative is meant to start spreading the word about web through domains and digital identity outside the box, trying to trick people into loving domains by using what I'm good at, which is fashion. So you're going to see a lot of, like I said, a lot of pictures and some things related to that, and then, when we come back, it'll be super focused on getting this first auction popped off through our partnership with GBM.
Speaker 2:So thank you, guys all for being here with me on this Wednesday. We had another solid one worked for a couple of hours. Thank you all to my speakers. I'm always super fortunate to have the best always come up here and share some amazing alpha. Thank you to Hallucha, tonto, hedgehog, ishrilly Congrats as well on your sales brother, and then also Chris for Namertips. And yeah, if no one else has anything to say, we're going to go ahead and close up. Have a good Wednesday, everyone.