The Web3 Evolution: Digital Identity, Domain Dynamics, and the Blockchain Horizon

Dive into the synergistic blend of web2 domains and web3 digital identities in our latest TECH Talk spaces and podcast. We're exploring the duality of the internet's robust past and its blockchain-enhanced future. Expect comprehensive coverage on the seamless transition of our forthcoming auction and an in-depth look into why BASE could be the superior choice amidst a plethora of blockchains.

Prepare to redefine your digital essence. This episode delves into the current framework of personal digital identities, like those on LinkedIn, and ventures into how these personas may seamlessly integrate into the blockchain fabric. We highlight the escalating value of an authoritative digital presence, especially as we edge into the "Web 2.5" reality – a hybrid where our identities and domain names coalesce to shape our enduring online narratives.

Join us as we conclude the week with a visionary discussion on the morphing contours of digital identity as it meshes with the Web3 revolution. We examine the magnetic pull of Web3 domains for upcoming generations, the pioneering use of blockchain for selling event tickets, and the potential synergy of web2 and web3 authentication methods. This convergence paves the way for unprecedented control over our digital selves. So, whether you are just dipping your toes into the world of crypto or you're already deep in the blockchain space, this episode is a cornucopia of knowledge, prepping you for a digital transformation.

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Chapters

• 0:00 Auction Platform Update and Tech Talk
• 8:40 Web3 Dynamics and Crypto Events
• 17:15 Problems and Innovations in Web3
• 25:23 Digital Identity and Domain Names
• 33:55 Digital Identity and Reputation on Blockchain
• 46:29 Understanding Web2 and Web3 Domains
• 53:34 Digital Identity and Web3 Overview
• 58:29 Web3 Domains vs Web2 Domains
• 1:11:14 Digital Identity and Web3 Discussion
• 1:18:08 The Future of Digital Identity
• 1:26:08 Web3 Domains Channel Discussion

Transcript

Speaker 1: 0:00

Thank you, thank you, you, you, gm, gm. We will get started in just a moment, see we already got a question, go for it. Why not how you doing? Mexican Prince, can you hear me just?

Speaker 1: 2:18

it was yes, sir, how you doing Fantastic. Yeah, we were going to get started in just a moment. Glad to have you here. Thank you for hopping on. Yeah, as usual, as everyone is coming to the space, if you could, please do me a favor, if we could like and retweet, get this out here. Get as many people in the space as possible. Also, just as Hexagon Prince has done, if you do want to come up and join the conversation, feel free to request a speaker role. But yeah, we'll get started in just a moment. It's a pretty busy Friday. I've actually got a mint that I've got to get to in less than an hour. But make sure we make this one a pretty fun, good conversation. So looking forward to it. And, yeah, if you had anything that you wanted to ask or put out there, go for it bro.

Speaker 1: 3:23

So what I was saying, if you had anything you wanted to ask or anything like that, you could go ahead and go for it. Your mic is still on, so if you want to go ahead and use the mic, Okay yes, yeah, you were supposed to send me a form.

Speaker 3: 3:42

I've been keeping an eye on it right here. I haven't seen it yet.

Speaker 1: 3:47

Yeah, you're talking about the auction form. Yes, yeah, I haven't sent that out to anybody because we haven't done the auction yet. So, yep, stay tuned for that. Is this being on the 15th? No, we actually moved it from the 15th. There's like a lot going on right now, so, yeah, getting the auction platform set up straight so that it works better. There's a few adjustments that we made, like I said, including the ability to accept assets from every blockchain. It's not really a super easy thing to do. Also, some other things are being incorporated. So, yeah, just a timing thing but it will happen.

Speaker 3: 4:23

Okay, that's right, but was there publication to the change of date? Was there publication to the change of date and time?

Speaker 1: 4:33

you asked me is there a publication to change the update on time? Is that your question?

Speaker 3: 4:38

no, I was asking. Was there publication or notification for the change?

Speaker 1: 4:43

oh, not as of yet, just haven't got around to it. I don't know if you realize this, but it's a private platform. I kind of do out of the kindness of my heart and wanting to move the space for it, so we don't operate on a corporate schedule like that. But yeah, it's definitely going to commute with everybody or communicate with everybody to let them know that the auction date would move and, of course, let them know the new characteristics or features of the auction so that you know they could choose in which way they want to participate.

Speaker 3: 5:11

Yeah, wow, I can't wait to see the update. Any changes? I hope it's fantastic yeah, they're pretty cool.

Speaker 1: 5:15

Like I said, one of the first big things that we did was move the platform in its entirety over to base, so a lot of stuff concerning like gas and all that's kind of been taken out of the equation so you're gonna pay gas for base yeah, but that's like pennies on the dollar as opposed to. I may think it's even cheaper than polygon okay, is it cheaper than polygon? Uh?

Speaker 1: 5:39

it may be, uh, if not, it's at least the same or as negligible as the gas is on Polygon. But the big difference is that you still just use, like on base, both the currency that you use to participate in the auction as well as the currency that you use for gas are the same, which is ETH, whereas on Polygon, you know, you have to have MATIC and ETH, so it kind of simplifies things for people too. Okay, never did a transaction on BASE before.

Speaker 1: 6:10

Yeah, it is pretty easy. Even MetaMask has a bridge where you can bridge regular ETH onto BASE directly within the wallet. Of course, Coinbase Wallet, you know, has an easy way to get ETH from anywhere on the Coinbase or on the BASE.

Speaker 1: 6:24

It's just another EVM blockchain, just like, if you're familiar with HavocSend, funds to BNB Chain or funds to Polygon, is pretty much just as simple. But yeah, that's. I mean. Obviously, before any auction, I usually do a space or two kind of re-go over things with everybody to make sure it's comfortable enough to get through, and we will get to that once we get closer to this auction. But yeah, I'm going to go ahead and get started with this particular tech talk. Like I said, we've got kind of a lot to cram in and I wanted to talk about something that we think comes up in conversation one way or another virtually every single conversation. So, yeah, let's talk about it a little bit. And yeah, before I get into that as well, I wanted to say welcome to Crypto Reporter. How are you doing, sir? All right, all right, that's fucking good.

Speaker 4: 7:13

Hey, what's going on everybody GM. Hi Hart Thanks man.

Speaker 1: 7:17

Yes, sir, glad you're up here as well. And yeah, without further ado again, as everybody's getting into space, if you could please do a favor, like and retweet if you'd like to come up, request a speaker role. I'm going to send another invite down to you. Burn a dress. There you go. I'll see you at 3 am. I'd like to welcome everybody to an iHeart Domains in our tech talk spaces where we discuss news, innovation, education, alpha and business development. In the Web3 domain name and digital identity space, we are the number one content platform to discover, learn, grow, build and trade Web3 domains and digital identity, with a focus on business development, investing and education. As always, our tech talks are recorded and you can view our content archive at iHeartDomainscom or in podcast form on every major podcast player, including Apple and Spotify, and it's easy to get to that via TechTalkhost or you can just type in Tech Talk in whatever browser of that thing. And yeah, also, before I get into some of my opening things, I wanted to say hi to Web3IM. How you doing, buddy?

Speaker 5: 8:32

Always catching me when I'm bouncing around other tabs. What's going on, my man?

Speaker 1: 8:36

Doing pretty good. Glad to have you up here as well. Yeah, it's been a very, very interesting week, where one of the things I'm actually going to talk about is one of the periods we're about to come into that might really change the dynamic of Web3 and crypto, at least from those who are involved in training. But I mean, it's obviously trickles all across the board when it comes to development of digital identity and that's the halving. So, yeah, a lot going on preparing for that deep in the rooms, that good stuff. So mine's been occupied. I know you've got something going on coming up in Boston, right?

Speaker 5: 9:15

So we my co-founder and I we ended up going to an event. I'm a little stuffy today. I don't know if I got sick from the event or it's just spring allergies kicking my ass, but we went to an event on Tuesday in Boston at, like, the BU Data Science Center. It was a pretty dope spot 17th floor, we could see Fenway. It was opening day, so traffic was pretty shitty, but it was supposed to be a student event. A lot more sort of professors and professionals came out Deloitte was there, dtcc, fidelity Investments, so a few of those trying to like poach interns and stuff.

Speaker 5: 9:47

But during the networking, the one thing we realized was everyone uses LinkedIn. So if you're going to meet with people in the real world, prepare to have a LinkedIn QR code ready to go. And the other part of it was not once during any of our conversations with people did anyone pull out a crypto wallet. And I think that's just where things are in Boston at that specific event, because tomorrow and Sunday Harvard has a blockchain expo going on. Guarantee those people are going to be pulling out their phones networking in that way, sharing crypto addresses. People have identities. It's going to be a little more involved. And then the weekend after that, mit has a Bitcoin Expo going on, and the weekend after that, at the end of the month, there's Ethereum Boston over at the BU Questrom Center. So there's apparently a shitload of events that are going on this month in Boston. I'm going to try and go to most of them. Might be sick for the Harvard one tomorrow and Sunday I don't know yet, but nobody pulled out a crypto wallet at some of the events I've been at and not a lot of people know about digital identities.

Speaker 5: 10:52

I think it's kind of siloed a little bit right now. I'm trying to show people these exist and the other part, like I said, circling back, is LinkedIn. If you're connecting with people, they're pulling out LinkedIn and, just like Flexer said at Ethereum Denver, one person I connected with that has an Ethereum name. She also had an NFC card, so I was using cards at the event with our logo on it. She had one in her lanyard and she was like tap and it was for WeLook, which is like a web three, social, and that brought me to her LinkedIn and other pages as well. So networking wise if you guys are going to meet people in the real world, a lot of people are still using LinkedIn, so have that type of stuff ready.

Speaker 5: 11:32

And then around identities a lot of people still can't answer that question of like who they are on Web3 yet and there's still some pushback of well, what if I want to remain anonymous? People still haven't kind of picked up the concept of a digital reputation, of building something in a positive way have a wallet, have identities and have them tied to good things you've done online or at least like hey, I've been on the blockchain for the past five years and I can prove it because there are immutable records that show I've been on here. So I know that's a big tangent, my dude, but I know you appreciate it. There's a lot going on in Boston, coming up If people are around the area or they're from like New York or this or that, hit me up If you're ever going to be around this area, I got a couch you can surf on or futon and going to these events and meeting people.

Speaker 5: 12:18

It's interesting to just see where the level of education is at too. People do want to learn more about these things, but it's just siloed in the way that it's coming through either different clubs or different communities or even different social media apps. This is where more of the technical discussions I've had about identity come from. In person, more of these companies are just like how they're integrating the blockchain into DeFi or certain things on their applications. I don't know, I got too much I could talk about.

Speaker 1: 12:50

No, I'm loving it, and one of the first announcements I'm about to make might actually be very applicable to what you have going on, because you do have a lot going on with Feed to the Street and I would like to talk more about you know how, any way I can help assist that or become a part of that. But, going back to like your experience as well, it's pretty much the same experience that I have. At any event, that's not just like specifically crypto or blockchain related. It's like it's very Web 2. And people are confused at where Web 3.0 fits Like. A lot of people are still used to using those Web 2.0 interfaces. So it's like you know. That's the question that's got to be answered is how do we trick people into thinking that it's the same, that it's just as easy, when they're in fact using? You know this other thing and we're developing towards that and, like I said, you know a lot of us are building those bridges to help Freename. So, as many of you know, I've had a consultant relationship with Freename for quite some time. I consult with them in matters of business development and good stuff like that, not on their official team, just a consultancy, kind of in the same capacity as Pages and they've been an amazing company to have a relationship with. I've watched them grow from basically the day that they've grown, you know, until now. They're creating a lot of solutions that are, you know, geared towards more than just, you know, basic digital identity, but actual, you know, development in the Web3 domain space per se and even though you know this, this spaces will be kind of counter calling these things domains. If there was ever anybody that's trying to make them work as such, you know that they're, they're one of the entities that's doing so. So, with that being said, in expansion of our relationship, I'm going to be also, you know, helping introduce new and promising partnerships to the team. So, if you are building in Web3 and your project can benefit from either, you know, web3 domain education or integration. I mean so if you have a platform or D app or anything like that, they can incorporate or wants to integrate, you know. So if you have a platform or D app or anything like that, they can incorporate or wants to integrate, you know Web3 domain resolution. Or if you're a community that's looking for branding via TLDs or anything else, you know there's even enterprise solutions, like I said, for developers and builders via their Noto platform. Please reach out. Let's get into DMs. I'll introduce you to the team. They will take it from there and they'll help identify you know how y'all can create a relationship, but they are very, you know, they're very open to partnerships. They're very open to growing. They're well-funded. They're well-respected, as you can see from many of their posts. They have been out there networking. They're going to events. They're working with the right people. So, yeah, there's an opportunity out there for you guys. Please reach out to me in the DMs.

Speaker 1: 16:07

And then and not to be long-winded, but moving to the next opening news was going back around to what I mentioned about the Bitcoin halving. So, coming to a very important time in Web3, and even some of you who may be involved in naming, but not necessarily involved in the blockchain or DeFi, again, it all has a trickle effect and it affects each other, because this liquidity then affects buying patterns. It's going to definitely make some whales come in. Once they make their bags. You're going to see a lot of ENF sales I definitely can assure you that and a lot of sales for sats and btc names. So there's a very lucrative period that's going to come up with the halving. It's also the introduction of a new protocol called Runes, and there's been. I mean, if you're in the DeFi space at all, then your timeline has definitely been flooded with it. You're in the DeFi space at all, then your timeline has definitely been flooded with it. And to get a better understanding of what that is is, it's basically it's opening up DeFi on Bitcoin.

Speaker 1: 17:15

Bitcoin has typically been where you store assets. Even ordinals themselves are, for the most part, dead assets. They sit there. They're artifacts. I don't know how many of you have tried to mint an order, but sometimes it can take all day for your money to clear the mempool and for it to finally get to you.

Speaker 1: 17:32

It's not a system that works as fluid as DeFi, but Rooms is supposed to change that. It's supposed to open up a big old bucket of liquidity and, especially here in the US, where you know Bitcoin is basically legal, it's regulated. You know some of the DeFi products that spin off of it. You know they may get to be able to be slid into some of these 401ks and things like that. So, that being said, any of you guys that are in the naming space, specifically sats, btc this might be the time to wake up, start paying attention, figure out where to start positioning yourself, for a lot of liquidity to come in, for people to want their names, for all that good stuff to happen. So yeah, just wanted to put that out there and before we get into the main topic, I also wanted to say hi to Mike Lowry. Thank you for coming up, bro. How you doing?

Speaker 6: 18:26

Yo Wynn, How's it going? How is everyone today?

Speaker 1: 18:31

You good, doing pretty good, bro, doing awesome, as usual.

Speaker 6: 18:35

You caught me again. I'm always stuffing my face when I'm on these spaces. But, guys and girls, yeah, yeah, yeah, story of my life, guys and girls, if you could do us all a favour and go to the bottom right-hand bubble like and retweet the space.

Speaker 6: 18:58

Wen's been on numerous, numerous spaces. He knows what he's talking about. He's an expert. So let's just give him a little respect, respect, let's put a little respect on his name, as he would say, and um, and get this out to as many people because, um, when doesn't come on here just for his health, you know? Um, but yeah, he's always spitting the alpha, he's always letting you know the good stuff, um, and you know you have to pay for this, um, normally. So, um, yeah, hat goes off to when, as usual, always a massive supporter, always learning for free, may I add. And, uh, big up to um, to iheart domains and the tech talk as normal Guys, seriously, alpha and education. So, yeah, guys, if you've got any questions, obviously jump up and let's have a discussion. Thanks for letting me have my 30 seconds of fame. Wen, back to you, my man.

Speaker 1: 20:04

Bro, I definitely appreciate the love. And again, like if, if it's gonna tickle me to death, if, like years from now, I find out that like a bunch of people end up referencing these tech talks to get through this space, like that's, I suppose that'll be good enough for me and I and I'm happy for everybody that comes and participates and helps and builds with me. And also, just to remind everybody, especially you guys are up on stage at any point during me going through this, feel free to hop in, interrupt me, throw in some input, whatever it is, because I'm just going to roll with it. And again, if anybody else wants to hop up, feel free to request to speak else wants to hop up, feel free to request a speaker role.

Speaker 5: 20:47

Go for it, sir. So the other observation was, even with NFC cards or the NFC chip in my hand that a few people know about, when people were retrieving POAPs or interacting with each other, they were doing it with QR codes. So another thing is, physically at these spaces or like meeting people in person, they're doing qr codes more than they are nfc. So just one observation I've known it could just be that it was that one particular audience, but a lot of people's phones didn't work for um certain nfc chips yeah, no.

Speaker 1: 21:20

so I'm actually like a big fan of q QR codes and anybody who's been around me at conferences seeing that I pretty much use them on any thing that I have if it's a banner, even like my t-shirts Cause, yeah, you're right, the QR codes are there. It's, everybody gets it. Now. It's the new barcode, it's the new. Don't even type in websites anymore. And yeah, the PO apps can't be tricky. So good observation. If you, if you're, if anybody out here is not already hip to QR codes, I mean you should be again.

Speaker 5: 21:50

Yeah, the other thing with like the other thing I've been asking people in our whole thing with Web3.am is who are you on Web3? On Web3.am, that type of thing. But the question a lot of people need to be asking others or people that are on here right now, is why are you on web3? What brought you to web3? What pain did you have with something that you resolved by using web3? Now, outside of just identities and names, we need to know more about why people are using the blockchain and when you learn more about what pains they're solving with it. That's stuff that we can bring awareness to for other people that don't know that they could be resolving these issues with the blockchain. So, the more people that we can find pains that the blockchain resolves, the more people we can get on here and then they can get their identity and build reputation. But right now, I think a lot of us in the identity space, a lot of us are very early, but you just have to find what's the pain that can be resolved by using the blockchain, and earlier you asked like if there's any way you could help.

Speaker 5: 22:52

One of the projects I'm starting up specifically for Massachusetts and I'll do it for any college is finding what colleges are on the blockchain, what's their club website If they have a blockchain club or association, and who's the contact at faculty and who's the student contact that runs it. Because with like a few of these orgs, when the kids graduate they don't hand off like the website or the org stuff and then the clubs die out. So that's one thing I'm working on. If people know what colleges are on the blockchain or work with any, I'm trying to build a big repository of that.

Speaker 1: 23:27

Now I'm definitely going to look, bro, like that sounds like a cool endeavor and I'm definitely going to help participate in it. Go for it, bernadette, and then we'll get into the main topic.

Speaker 2: 23:52

Hey, thanks for having me. Yeah, one of the reasons why I'm here in Web3 is because I was actually a big domainer, like since going back before y2k and all that and um. What I was doing last before I got into web3, actually was I was registering, I was hand registering a whole bunch of qr um domain names, because I do love qr codes. I think that technology is great, it's quick, it's.

Speaker 2: 24:02

But as I was doing that, the whole GameStop thing happened with Robin Hood and then Web3 with the apes and all that BoardApe Yacht Club happened, and at the same time I was registering those, I started to look at the weaknesses with QR codes, about how, at live events, they could be swapped out T-shirts. I'm not saying that they're not going to exist, but the vulnerabilities are there. And so then that led me to, actually, since I was buying nfts that led me to blockchain domains and, um, you know the dot eats and the unstoppable domains, which I personally prefer the unstoppable domains because I don't want a renewal fee and, on top of that, I don't want gas fees in addition to that. So, but then I looked at this dot now newly, this new thing about digital identity, right? What's your proof of greatness, right? Or dot POG?

Speaker 2: 24:57

I mean, look at this, these guys are going for ICANN compatibility in 2026. I think it sounded like today in a space. It sounded like they said today that it was etched in stone and they got it and it's just waiting to be done. And I mean these tlds, I mean this, I mean this web3 stuff. To me, digital identity is just going to be like total killer stuff and they're uh, they're going for dot cryptopto as well.

Speaker 1: 25:23

Yeah, crypto honestly.

Speaker 5: 25:26

And pudgy.

Speaker 1: 25:28

Not that I'm not rooting for everything that they've got going on and wish them success in all of their acquisitions, but crypto man, that's going to be a game changer for a lot of people.

Speaker 5: 25:39

That's been around since 2017,.

Speaker 2: 25:41

I think that's been around since 2017, I think I haven't heard Unstoppable Domains yet say that those ones are guaranteed yet, but it sounded like I heard POG in a space about an hour ago. It was probably recorded. It sounded like they said it was inevitable and it was done. They're just waiting on 2026 to come.

Speaker 5: 26:03

There are articles out there about, I think, pudgy and crypto. I'm not sure if they did one for pog or now all the ones going forward. They're going to go for compatibility.

Speaker 1: 26:09

Man, and that's a solid move and kind of the perfect segue into, in the event, that it does take, you know, a little while. And a couple more challenges are on the way, as we're waiting for them to turn these into regular domain names are on the way as we're waiting for them to turn these into regular domain names. Yeah, if there were ever two things that were different from each other yet always constantly mentioned together as if they are one in the same, it is, in fact, digital identity and domain names. And, as we see, you know, although either can be called either and technically on some level, either can function called either and technically, on some level, either can function as either. It is important that we note the differences between the two, you know, especially so that we can appreciate, you know, the kind of moves that Unstoppable is making to potentially turn one of these into one of those for real.

Speaker 1: 27:00

But it's so that we can distinguish, you know, for people listening on the outside, since we just use the word domains, so freely want to distinguish what we're talking about. You know, when we say domains in Web3, you know which is really digital identity and then what traditionally functions as one. You know which is on the Web2 side. And then also, you know, while we're at it, I wanted to give some reasons for, you know, everybody that is like me on this primarily on the Web3 side of this, you know, give some reasons for us to get bullish on what they can actually already do and why they're already awesome by themselves. So, yeah, before I get into that, if anybody has any questions or wants to say something, go for it.

Speaker 5: 27:43

So one cool observation I want people to look at moving forward, keep an idea around people's digital identities, and what I mean by that is if you're on Facebook or somebody's Twitter or somebody's LinkedIn, go to copy their profile URL. If it's their first name, dash, last name, dash a bunch of random numbers. They have not personalized their link at all, their URL, so they're not aware of customizing it or they don't care. That's another form of digital identity. Is that subtext like the data that if you look at a website, that's what it's going to resolve? If you were to copy and paste, like if you went to linkedincom, slash in slash, web3am goes to me personally, so it's what people put in there.

Speaker 5: 28:25

And an observation I saw the other day a lot of the professors that went to Boston University for the event. They actually have their first name, last name or first name initial. They've done something custom so that way they've distinguished who they are or what they want to be called or what their digital identity is on LinkedIn and if you go to look at their other social media profiles or other things online where it refers to them, you start to notice patterns of people using the same thing and those people aren't even in Web3 yet. So you can start to see what names they might use in Web3 if they were to get introduced to it. And it's not always their last name, it's not always first name, last name. So you can start to observe digital identity in the ways that you didn't see it before, and all you have to do is copy and paste somebody's LinkedIn profile or Facebook profile Anything that allows you to customize your name. Look to see if people actually customized it.

Speaker 1: 29:22

Yeah, the desirability around wanting to have something custom or personalized or shortened in essentially what has been digital identity has always existed and that's what we've kind of been saying. But, as you said, now we have to make it make sense and it's more of not necessarily making digital identity make sense to people.

Speaker 1: 29:42

It's making Web3 make sense. And it's more of not necessarily making digital identity make sense to people. It's making Web3 make sense. So then they want to be over here and need their digital identity Because, as you said, you know, people already have a desirability in LinkedIn, on Facebook, on Instagram. If they haven't done so already, most of the time it's just because they don't know they need to or can or want to, until we educate them to do so. So, yeah, there's a lot of opportunity for that out there. Um, I saw you had your hand up crypto reporter. Go for it.

Speaker 4: 30:10

Before I get into this, yeah, I think we're talking about like a lot of good points here, um. One thing that I did want to add, though, is that there is going to be a difference between what people see as a as a blockchain domain and a regular domain. I think that that the two the two get to. They like to be, um interwoven. We like to say that, okay, a blockchain domain is just like a regular domain, or so. There are a lot of people that like to make sure that we have that distinct. Sorry, I'm getting my words mixed up here, but what I'm trying to say is that we're going to have to have more of a distinction between blockchain domains and regular domains. I think that that's for sure.

Speaker 4: 30:59

I think that right now, we're in the Web 2.5, where we're starting to see a lot of DNS slash, ens integrations. You're starting to see Web 2.0 domains be on the blockchain. You're starting to see the tokenization of these things, so I think that there's a lot of that going around. I think that that's going to lead a lot of people from the traditional Web 2.0 side that already have an idea of what a domain name is. Traditional Web 2.0 side. They already have an idea of what a domain name is, those are going to be the ones that I think are going to draw the most or are going to be attracted to the Web 3.0 side, and so that's all I've got to say on that portion.

Speaker 1: 31:38

Yeah, I definitely, oh, go for it.

Speaker 2: 31:40

Oh sorry, no, I was just going to say we'll just refer to those here on out as homophones. You know what I mean, just like you know words like bow or cryptographic technology, but they, you know, have some of the same features, look nearly identical, but have some differences there. We'll just call those homophonetic.

Speaker 1: 32:16

Yeah, and that was one of the. You know, obviously the purposes of wanting to have this space too is to is to dig into those differences, cause I think what you were trying to say is we, we, we interchange them so much in conversation, like they're the same thing, that that people often get confused and when we're talking about one, they they think we really mean these dot eaves can go to a website and it's like I mean kind of a little bit, it doesn't make them bad, but it ain't the same as a dot com and you know it's. These conversations need to be had. It's not to disrespect one asset or the other. Both are extremely valuable and powerful assets. But if we're here and we're learning, we got to learn. So it's good to put that out there and clarify, because it'll also explain the difference for a lot of people of why the market for them is different. When it comes to resale, it ain't as easy to sell one of these as it is to sell the grillcom, and this is why Go for it Way3i.

Speaker 5: 33:09

So another observation from the event on Tuesday, without giving any specificities, there was one student who leads one of the blockchain clubs. They've won a lot of hackathons, so if you want to know who's doing what in the spaces, apparently the hackathons are a spot to get connected with, but also, like that student, ended up getting their name from ENS almost two months ago. So my next question to her, when I chat with her, is going to be I noticed you got your ENS name and registered about two months ago. What was your reasoning for getting it? Why did you register it about two months ago? What was your reasoning for getting it? Why did you register it? What prompted you? Did you go to Ethereum Denver? Did people from it ask you? Did someone ask you what your name is on the blockchain? What prompted you to get that?

Speaker 5: 33:55

And I think that's a question that all of us should be asking each other as well and look to see across that set of data. What's the reason all of us started getting names? Did you get it for? Branding Was the first one that you got related to what your name is right now. Are you still attached to these names, like?

Speaker 5: 34:11

What's the reason any of us went and got a name? Did we want to simplify the way people could find us? Did we want a human, readable wallet address? And the more we can understand about the reasoning as to why any of us did that, we can start to understand why some people may or may not do that, how we can influence that behavior. But also, like, why do they even want to get on the blockchain? What benefits do we have for them of them having it?

Speaker 5: 34:35

And I think a real one that people don't talk about often is reputation. If you can show that you've traded a shitload of crypto, you've donated to humanitarian projects, all that you have a blockchain resume. You have something that someone out there can look at and see that you've actually done these things. I think the last thing I'll leave you guys with is, on LinkedIn, a majority of folks that say they went to certain colleges. It's all bullshit and there's not a way right now that the colleges are utilizing anything to like okay, you were a previous student. Enter all this information in. We'll give you an NFT or some sort of certification or your degree on the blockchain, which then is connected to your email and LinkedIn profile so you can prove you actually went to this school and they can certify. Yes, we know that Justin went to UMass Lowell, so there's information out there that you can tie back, but it's underutilized right now and we need to be the people that point out the ways that it could be utilized.

Speaker 5: 35:37

Another tangent my man but like-.

Speaker 1: 35:39

Well, yeah, no, but you just identified a very solid why that is going to become more and more important to people as they, like I said, continue to interact and network with people who aren't who they say they are, and it becomes more and more important to use blockchain to do what it does, which is immutably prove that they are who they say they are, and proving that you did something like POAPs is.

Speaker 5: 36:04

I went to an event. If I see that in your wallet it shows that you went to Ethereum Denver every year and got a POAP for it, I'm probably going to believe that you love Ethereum, you know a bit about it and you've been to those events. So it starts to give a reputation that these people go to events, they network, they've built a network and they can show you the network. Because if LinkedIn shuts down, if TikTok, if Snapchat, if like social media apps, if all those apps shut down or boot you off of it as a fuck you to you, what do you have? You have nothing. You don't have any data that you can hit the road with and use. They have access to all that. They can erase your digital identity.

Speaker 5: 36:42

So with decentralized identity and owning it or that data tying back to you, I can go and export every transaction I've had with one of my wallets. So if I ever lost that wallet for any reason, I can still go back and grab all that data and if there's a way that I can tie that back that that was actually me, I can still argue, even if I lost that wallet. These were things I did on the blockchain. People need to realize they're building a reputation. Everything you put out online follows you anyways, so why not build a good reputation in something that highlights the good stuff you've done?

Speaker 1: 37:22

So that's what we're building a way for people to show that shit, express yourself. Yes, sir, no-transcript. We should do a coordinated effort to set up some sort of because that's what essentially that is. I mean, that's what governments do with census. It helps you figure out how people are basically existing and then you use that to you know. Hopefully you use that for good, to develop you know more in the direction that attracts more people and makes more people happy.

Speaker 6: 38:08

Go for it.

Speaker 1: 38:09

I'm sorry, got a few people at the same time. I don't know which one wants to talk.

Speaker 4: 38:23

I was just going to say that, yeah, I think that it's important to figure out why we got these things in the first place. Right, I think that the very first time I saw eth was actually not on crypto Twitter, it was actually somewhere on Instagram and I didn't know what it was at the time, but it was actually USAeth. And so when I saw that, I was like, oh okay, that's pretty cool. I didn't know what it was, but that was the first time I saw it. The second time had to be at, I would say, some sort of event, and I saw that he had like a like Carol Baskins there and she was doing something when it was hot to talk about NFT. She was doing something at an event and she actually had carolbaskinseth. And I was like, okay, that's the second time.

Speaker 4: 39:12

And so once you you pick, once you pick up a pattern, you start to ask yourself, okay, what really is this? And? And so then then you kind of go down the rabbit hole, especially if you've been to any of the you know NFT events or any of the ETH events. You start to realize that there are people out there with digital identity, and so then that's how you get sucked into the rabbit hole.

Speaker 4: 39:33

The new thing is that, okay, what happens now that all these people now actually have either digital identities? But what happens when you have other people as well that actually just have just digital property? They just don't know they have it yet, like, acomsorgsxyz forms a digital property, but they they've never been used as actually digital identity and there was never a way that you could actually track things online with a dot, with acom, as far as what, what's happening with with the wallet, that's not all possible now that we have the integration with, like ENS. So I think that there's going to be all these questions that we're going to have to ask ourselves like, okay, is it more important to have a digital identity? Is it more important to have the com and just integrate it with ENS or just any other type of platform that was out there? Like, all these questions are now coming up and so now we have to actually actually think about these things.

Speaker 5: 40:30

Privacy. To jump on that right there, a big part, even my co-founder. We want to keep, you know, data privacy at the forefront. People can display what they would want on a profile, but it's up to them. The only thing that would tie back is like what's the asset name and what's the wallet? Those are givens, those are public everywhere, but outside of that, like the big question, a lot not big question big concern A lot of people have when I've talked with them is like why would they want their name? What if they want to do things anonymously on the blockchain? So people still have this concept that using the blockchain means that you're tied to maybe one sort of identity, the wallet address. But when you try to talk to them and say, well, you could always spin up a second wallet and that could be the one that you use as your reputation, you have to tie it back to concepts they understand.

Speaker 5: 41:14

Who are you on Facebook and who are you on LinkedIn and who are you on Twitter? I guarantee you some of us in here that are degenerates on the blockchain and have usernames on here are not the same on LinkedIn. The professional way that you carry yourself, especially if you work for someone else, not yourself, is way fucking different on social media and LinkedIn. Linkedin you want to be the business professional, at least in the United States. I'm just speaking anecdotally, but like New England and Boston, linkedin is big People like it the way I act on there. I don't post the same sort of stuff on there that I do talk about on here, so you have different audiences as well that you need to cater to. Wasn't really sure where I was going with this tangent.

Speaker 1: 41:57

But continuing on that, like even with my profiles, like obviously I'm WinAirdrop as the host, but the content that I post on both platforms is like two completely different people. But yeah, there are going to be people that have different needs for different sets of identity.

Speaker 5: 42:13

It's showing them that they should have two separate things anyways, if they're going to have that logic like that thinking. So if you think I don't want you to know that I'm trading like $10,000 worth of coins and buying these NFTs and I don't want you to know that I'm trading like $10,000 worth of coins and buying these NFTs and I don't want you to tie that to my name or identity, I would have a separate wallet and that wallet would be like a LinkedIn profile the squeaky clean one. It never ties back to your degenerate wallet in any way, so you don't transfer things between the two of them. You have a squeaky clean reputation type of wallet and then, personally, you have your own degenerate one that you keep anonymized or you don't share with people.

Speaker 5: 42:49

So I think that's a concept that people need to learn more about, because I think right now, a lot of folks think I spun up one wallet. That is who I am on the blockchain. I can't create another identity and we all know yeah, you can go do it. The only thing people are concerned about is like now do I, how do I upload it with any money? How do I do that? And it's like just don't tie your identity back to it.

Speaker 1: 43:14

And kind of by the end of this discussion, you may find that that is actually a lot easier to do effectively with pure Web3 domains than it is with what you would bridge into Web3 via com. Go for it. Mike. Before I get started I know you've been kind of bouncing on and off Go for it.

Speaker 6: 43:35

Yeah, just on the hands-free. So some dead areas. But what I was going to touch on earlier, when, guy, when you guys were talking about um, what brings you all out? Why do you want a digital identity? What I mean, maybe we could do um, what they call like a survey and um, but not now, obviously at the end or something, and get to know the audience a little bit better and see what Go on. We can put a lot of prize at the end of it. Yeah, go for it.

Speaker 5: 44:15

I got a questionnaire that we were using for students. I'll clear it with my co-founder, but I could have something that we just throw. It's a jot form, so if anyone on here felt like filling it out, one of the primary questions is are you a student? So if you're not a student, you can click no and there's still questions to answer. But it's more so like learning about what blockchains are you guys using, why are you using the blockchain and what pains does it solve for you? So it's like it's a little questionnaire and if you guys are open to it, I can put it in the comments section here as a jot form and you can take a look through if you want.

Speaker 1: 44:49

Yeah, I would definitely like to take a look at that and then, depending on how far we can stretch that out or maybe, like I said, doing a collaborative effort, Because everyone's saying the same thing like coming back to figuring out what our why is and what the market looks like and even how people currently feel. You know, some of the people that are in this space are people who paid, you know, some ridiculous retail prices for the domains, and it'd be really nice to know how they feel about that at this point as well. So it would be good to collectively, you know, get this information. And it's going to take a lot of cooperation because, like, try to go space wide. A census is what it is. It needs to be, you know, universal, so that we get a, or I mean, it could be a. I guess it could be a contained group or a smaller census. But, yeah, let's, if you could put that in a chat. I'm going to fill it out. I encourage you know everyone to fill it out.

Speaker 1: 45:45

But yeah, I would love to see that because that's information that we definitely need. And yeah, now I'm going to kind of kind of dig into this meat again. If anybody wants to hop up and add any input. This next part should go kind of pretty fast. But, like I said, we're one of the first things I want to do is just kind of jump right into it and break down the obvious.

Speaker 1: 46:07

So we're talking about domain names versus digital identity. What is a domain name? Well, a traditional domain name, which would be your coms, your orgs, ai, infonet, et cetera. These are names that are governed by ICANN, they resolve over DNS and they use a dedicated and centralized root zone. Web2 domains primarily do one thing you type one into a web browser. It takes you to a web page, skipping the step of you having to enter into the IP address. Now, I know that there's a lot more to the world and to the industry of Web2 Domaining than that, but for a general understanding, when you say the word domain, if you are not talking about's clear to distinguish that, so that people are confused.

Speaker 1: 47:07

And now transitioning into what a Web3 domain is a Web3 domain can be a dot, whatever. So most of us are familiar with dot ETH, the dot cryptos, the dot Xs and we've already mentioned dot SADS, dot BTCs, but these are not governed by any centralized entity, although some of the entities that are in this space are centralized. These domains resolve over the blockchain and use a smart contract and that blockchain as a root zone. Web3 domains also primarily do one thing, and that is blockchain, digital identity, meaning you type one into a wallet field and it takes you to a corresponding wallet, skipping the step of having to remember and type in the wallet address. Web3 domains obviously do a whole lot more than that, but, to simplify it, when we're talking about domain names, we're talking about the thing that takes you to a website. If you want to go to PizzaHutcom, you're not typing in the es, and when we're talking about Web3 domains, we're talking about the thing that takes you to a wallet address. You want to send some money to me. Don't send it to Marketscom. Well, you could, maybe potentially I don't know that name Marcuscom, but a Marcusdefi wallet or something like that would be something that you would send that to. So, like I said, can one also be the other Kind of?

Speaker 1: 48:33

There's actually more possible for Web2 domains, as we'll talk about obtaining Web3 utilities and vice versa. We have a centralized entity in the way of Web3 domains ever really doing what Web2 domains do, as we've talked about, like Unstoppable's, got their fight ahead of them. Good luck to them. Hopefully they accomplish that. On the other end, they really have no barrier in the way. You really just need a good dev in order to develop the utility to turn a Web2 domain into Web3. A Web2 domain into Web3. So if Web3 domains can't ever really be websites or dot-coms, and thus we assume we'll never command the same type of sales market like, why should we be bullish on these things when we could just use the dot-com instead? Well, just as ICANN and DNS has its strengths, you know we're never going to be that NFTs and I'm talking about the pure kind, the ones that again are rooted in blockchain that don't have a tie to a centralized entity that can be seized. That is our strength. So, yeah, I wanted to talk a little bit more about some of the benefits and strengths of digital IDs compared to, like I said, opposed to domains, so that we don't get so caught up all the time on these things.

Speaker 1: 49:47

Don't resolve to websites Because you're really for lack of a better word. You're shitting on the value of the asset that you just bought, and it really is an asset in and of itself. If it does ever, you know, become something that resolves to a website, that's a plus, but that's not its identity. And, you know, understanding where its true value and identity comes into play might help you better communicate it to other people, so that you can start offloading your portfolio. If you have one, and that's your intent in the space, go for it. Web3im, and then I'll go to you, bernie Dress.

Speaker 5: 50:21

Yeah. So to your point, like nobody that I've ever met, when I've asked them how to communicate with them, where I can find them online, how to talk to them, nobody's ever given me acom. Like you can have an email address at gmailcom, at yourcompanycom, whatever, but nobody introduces themselves. Hi, I'm Mr Torontocom. Nobody has ever done that. I mean, there are anomalies where someone owns such a kickasscom that they can introduce themselves like that, but when it comes to digital identity, I've never heard somebody approach me in my entire life.

Speaker 5: 50:55

I have, like I have thousands of friends, people that I've met through Boston, from years of DJing, working in music, all that type of stuff, networking, sales Nobody has ever, for me, anecdally, in over 4,000 people introduced themselves as a com, as their digital identity. So it's like I don't think that's ever going to change. I don't think people are going to start introducing themselves as coms. So I think that's a leg up that we have in the Web3 space as opposed to Web2, because we understand it's not just a name and people want it to resolve on something. It's all the different utility that we get out of it with the metadata, with the addresses that it resolves, with the fact that you can do block chat with it, transactions, everything.

Speaker 1: 51:38

Now, in contrast to that, you go to web three domain or not web three domain. I suppose you go to East Denver, go or not Web3 domain expos. You go to, like East Denver, go anywhere. Most people introduce themselves to you by their Web3 ID or whatever handle they're using in social media. So yeah, digital identity is a completely different, like true digital identity is a completely different beast and is going to be used, different in application, like you just illustrated, than Web3 domains has probably ever been used.

Speaker 5: 52:06

Yeah, and to wrap up on that point too, think about the way of. Also think the way of when you connect with somebody at these events, what is the level of trust they have to have with certain applications to share with you? If I give you my cell phone number, I want a more deep personal relationship or business relationship with you. That is a direct contact to me. I check that shit constantly. That's the best way to get in contact with me.

Speaker 5: 52:30

Versus if some student says, connect with me on Snapchat, it's like why, like, we're going to be sending Snapchats or messages. That way. It's getting an understanding of, like, what people are asking you, their contact preferences. To boil it down, it's their contact preferences and why they go through those certain ones. So LinkedIn seems to be the one that, at some of these events, people are connecting with. But if somebody gives you their wallet address or their Ethereum name or different things like that, it's the trust that if someone introduces themselves as a domain name, that means I understand you're going to be able to look in all of my wallets, the wallets that are connected, that you can draw inferences from the NFTs, that I have the domain names, my portfolio value. So it's also understanding the levels of trust with the certain pieces of identity you're giving to people.

Speaker 1: 53:22

Yeah, most of them know they built something provable on it, so it's a badge of honor Digital reputation, that's reputation right there. And sorry to cut you off, bernard, just go for it.

Speaker 2: 53:32

Yeah, no, I just wanted to say so. I've gone to a Made in America event. I've gone to multiple of them, but they've been since canceling them recently the last two of them. But before that, I showed up and I had a call to action that I was doing. I'm not going to get into what that was, but I did show up as a dot com and what I did was I had an all black T-shirt that I made with the letters on there the iron on letters and I had this particular movement that I was pushing address on there as a dot com. That was my digital identity on that day. You know what I mean. It wasn't a Web3 based thing, but I was pushing address on there as a dot com. That was my digital identity on that day. You know what I mean. It wasn't a web three based thing, but I was using it to do that and it was a call of action.

Speaker 2: 54:12

Anybody that's seen it. It was human, readable. They would go there and they would understand and they would get the message, and that's what these domain names are going to do Now. You see trucks out there now and you see people identifying themselves with their Twitter handles on there or their Instagram handle on there. People are doing these things nowadays.

Speaker 2: 54:29

Digital identities and identities, human readable identities are not new. We're just doing it in a new way and we have to educate new people and bring them in. And these custom TLDs, I think, are going to be the big thing. I think that, you know, web2 kind of suffocated and asphyxiated the growth of these domain names because the dot-com just got too big too fast. It was so new though I mean you can't blame it, but things are going to be different after this. But I do think the digital identity and Web3 does have a leg up, but again, this homophon um ness of this whole space is going to also be a benefit and keep in mind anyone that you see that ever has their name, like their full name or their last name, those ones as their ens or others.

Speaker 5: 55:15

Those are people that are literally raw dogging, like the digital landscape. They're going in, saying with their chest out there like this is me, this is my fucking name, this is who I am online and it's tied to my actual, like birth given name. So I do that with a few of my ENS. I have my name out there and shit like that. It's easy enough to find in my wallets, but like that's something where people want to have a connection and tie everything back, so some of it's balls to the wall. I mean, if you guys grew up in the age of cake farts and stuff like that, you'll find some pretty funny meme domains and avatar profile photos in my wallets. But like it's not self-snitching, it's just having fun with some NFTs out there. But yeah, man, digital identity, it's right now we are looking at it because we have a leg up on it compared to the younger generations. But we also need on that education point. We always talk about digital permanence. Please, we all have to keep teaching the younger generations. Don't put dumb shit out there. Don't put threats out there. Don't put nudity, don't put anything stupid. Once it's out on the Internet, it's out there forever. The blockchain is around. It's out on the internet. It's out there forever. The blockchain is around. Think about when some little fucking shit gets his hands on blockchain technology because he's a little teenager and he decides to start minting fucked up things to the blockchain and now, like his fellow students, don't know how to take stuff down from the blockchain and there's issues and all that. Like we also have some sort of responsibility on making sure that people well, no, we don't, but we should have some sort of responsibility that anyone we're bringing onto the blockchain uses it in appropriate manners, but also that these kids aren't shooting themselves in the foot for career opportunities in the future. If I can tie your identity back to a blockchain wallet, this happened on Solana, so I'll wrap with this.

Speaker 5: 57:04

On Solana, weeks ago, a lot of the meme coins are some pretty messed up ones, including like the N word and other things like that that people are putting out there as coins. They're making memes about it. Other people created blacklists of wallet addresses and said these people will not receive airdrops on Solana in the future Anyone tied to those wallets are getting fucking blacklisted. That's another way of educating people. Oh, you thought it was funny to trade a fucked up name of a coin.

Speaker 5: 57:31

Yeah, you can do that, maybe with your anonymous wallet that's not tied to your identity and, like, I still think it's fucked up that people are trading fucked up meme coin names. But, outside of my personal opinion, if your wallet is tied back to your name, then that's going to show and then someone sees that you used to trade those coins and now that's attached to you forever. If you think it's bad now, with people going, look at what kevin hart or someone else said on twitter a decade ago. Think about when it's the blockchain and they can say you can't say I got hacked, that wasn't me. They're like you're full of fucking shit. It's right there on the blockchain. You said that that is digital permanence.

Speaker 2: 58:08

I love that part of it that digital personality, digital identity. Do whatever you want. You can create a new wallet, but you have to go back to start again. Ai is going to make this all work faster, but I love that.

Speaker 1: 58:28

And that's actually so. What some people may see as an essence, a drawback of the blockchain and that's essentially what I've heard prevents a lot of people from coming into the space or even adopting, like, assigning their name or attaching their name to their wallet, because they don't want to get tracked like that. So for some it's a negative, but for others, that is one of the key differences and benefits, in a way, between, like I said, something that can be censored and taken down and, you know, may not necessarily be permanent, and that's, like I said, the benefits. Some is bad for others.

Speaker 1: 59:15

You know, on blockchain, if you were to publish that same information, you know and have that attached to, like you said, your Web3 address, your Web3 domain name, that stuff, if you desire that stuff to be out there and permanent and permanently attached and it is something that you want to wear with a badge of honor, you know that there's better security. That's provided by the blockchain and that censorship resistance, you know, for the most part, is gone. Now there is also, again, when we talk about the drawbacks as well, I do think that there should be, you know, some sort of mechanism in place that does prevent people from putting things permanently on the blockchain on purpose that they want to people.

Speaker 1: 59:57

Not everybody's going to be concerned with that being the case, that ain't the case.

Speaker 5: 1:00:03

I got a solution for you on that front and that is what some of these places are doing right now with, like think about unstoppable or anyone that's using centralized kind of naming service information. Any metadata that you mint out there is permanent, but if I was to go to my any of my unstoppable profiles and put for my name or display name or bio something stupid right now, I can go in tomorrow and replace that and there's really unless you're going to use wayback machine and care about it there's no digital footprint of that because it wasn't metadata. I didn't have to sign a transaction. All I did was update some centralized info. So I think that's one way of like, if you're going to put info out there about yourself, you can put it in a way that you can retract it later. That's not going to mess up your blockchain records.

Speaker 5: 1:00:47

You still have the ones that matter your profile photos, your reverse resolution, your resolved addresses but there's other information that I want to put out there and attach to these certain names that can just sit in a centralized repository, and those might be some dynamic things. I change over time. Who I am on Reddit might change over time. I might use a different name or spin something up who I am on another app or telegram, that might change. I might change a phone number, get a business phone number. So I think it's important that we're giving users the choice of the information they put out there, but not in a sense that they have to have it permanently minted out there every time that they do it, because that also means you need to set up so many more APIs for domain management. If you guys are setting up your own apps and everything versus centralized, you can just have them change it within your app itself.

Speaker 1: 1:01:37

Yeah, and I definitely agree, as we continue to build and develop and I've been involved in those conversations as well I think even some of the technology exists now where a lot of the information is being stored offline and not necessarily minted. I think even with well taking into consideration, like the GoDaddy ENS integration. I mean even that there it's not an on-chain transaction when you're tying the two and doing the DNS sec until you make it one.

Speaker 1: 1:02:04

And that kind of now goes into the next thing the GoDaddyENScom or the GoDaddy any DNS domain being able to be integrated in ENS, if you're not already aware of that functionality existing. And so this is taking it back to the differences. And so all of these differences that I'm talking about right now are related to how digital identity will work for the two assets, because, as I've already explained, the Web3 digital identity is not a domain name until it is, so I'm not comparing them in that aspect. I'm saying why pure Web3 domain names that are birthed from blockchain roots, such as your x and NFT and crypto and eth and souls and all there. I'm trying to explain why these type of Web3 domains may have an advantage over the hybrid Web2 that's bridged into Web3.

Speaker 1: 1:03:00

So the first point that we were just talking about was that permanence, censorship, resistant security, et cetera. Again, anytime something's tying back to a centralized registrar or a centralized entity, it can be censored. A lot of times. We definitely need that ability to exist, but there are some instances where it's used to suppress people. So for those of you who are here that plan on being good people and want to put information out there that you don't want unjustly seized or taken down and want the security of your information being able to be protected, hidden, et cetera only what you need put out there, blah, blah, blah. Blockchain provides a better avenue of doing so, because a purely Web2 domain is always still going to have that centralized record, always still going to have that centralized control, even if you bridge it over. And now going back to the actual payment functionality from the technical side of the domain name, again, coms, nets, infos there's a superpower that's been added to them by a lot of these platforms. There's ENS DNSSEC, which is what GoDaddy has partnered with. There's quite a few others where you can bridge or mirror your Web2 domain into Web3 so that you could essentially send money, crypto, back and forth to it as it resolves your blockchain address. One big difference, though, is going back to the NFT domain, the ENS DNSSEC. If you bridge in a Web2 domain name, whether it be through GoDaddy or whether it be yourself through your own registrar, even if you set the reverse record and pay the gas to go through the entire integration, what you end up on the other side with still isn't an NFT and that's a big thing to understand and it's still tied to that centralized root zone. But because it isn't an NFT, it doesn't have the same technology as the NFT has, and that in and of itself, as I've said many times, is its own big benefit. One, as technology continues to progress.

Speaker 1: 1:05:16

I know that some people you know, and possibly more entities than not, that are in a naming space. They want to enable the capability for these NFTs to be wallets by themselves. So not only would you have you know your identity on the blockchain, representing your blockchain address, but they can also be smart wallets and own things, and so, in essence, your identity is a business that has assets and those things can be transferred as a whole. That's identity for real, and that's a little bit different than just sending crypto from one address to another, as a lot of people try to minimize what these digital assets actually are NFTs. They are very powerful digital toolboxes and, by the day, there are smart people and more people a lot smarter than me, that are adding more functionality to these. So that big differentiator by itself, just because a Web2 domain can imitate the functionality to some extent of a Web2 domain, that big differentiating factor just like we said, web3 domains can't resolve over DNS.

Speaker 1: 1:06:23

That's always going to be the truth, until one of these becomes an ICANN accredited domain name and there's nothing we can really do, no development that you're going to do that's going to make it resolve perfectly or exactly the same, and vice versa.

Speaker 1: 1:06:35

There's always going to be that little difference. And that's a big deal, because if you're in this space for this technology and you're not a web two-domainer and you don't need this for a website, then that obviously has more of a benefit to you than resolving over the internet ever will. And now going back also to just merely doing DNSSEC without doing the GAS as DNSSEC, without going all the way through with the process and doing an on-chain transaction If you do not do that with a Web2 domain and do not set it as your record, reverse resolution or reverse record, whatever you call it it won't work for you, so you can't actually really use it as digital identity in the Web3 space won't work for you, so you can't actually really use it as digital identity in the Web3 space. And this was something I was going to bring up in another spaces.

Speaker 1: 1:07:26

That was being had the other day, where it was brought up again, typically by Web2 domainers that there's just no purpose of using it, and blah, blah, blah. What's the use case? Well, as more people, more and more people are using Web3, and that's the thing. Again, you got to tie the bullishness of all this back to whether or not or at what pace, people will start adopting Web3 in general. Because once they get here, once money starts moving over here maybe the Bitcoin halving is one of those things that brings a bunch of it over here but once more people are interacting with the blockchain, then they start interacting with digital identity and start to see what you can do with it, for instance, that reverse resolution. I interact with a platform or with the app every single day, like the nouns auctions.

Speaker 1: 1:08:14

If you guys are familiar with the nouns, I love to watch the nouns auctions. They have a whole bunch of little nounish DAOs. The nouns auctions they have a whole bunch of little nounish DAOs. I'm in a bunch of them. I like to look at a bunch of them. They have in pretty much all of their auctions. If you go to any of the nouns builders ones, the reverse resolution works. You can see the dot ETHs and it's pretty much only the dot ETHs. You can see mine because I did my dot ID, because I did the full DNSSEC with the gas, all that stuff.

Speaker 1: 1:08:42

But that's a way of seeing that people are what they are going back to digital identity. It is extremely important in crypto the most sketchiest place on planet Earth that you could possibly put $5 in is extremely important to have as many ways as possible to verify the identity of the people you're dealing with as possible. Not only that, but on the other end, sometimes it's extremely important for you to have the ability to identify yourself to people as a badge of trust so that people will interact with you. I can't tell you how many times my name when airdropped rubs people completely the wrong way and comes off as a scammer account. But then when they see all of the digital ID assets that come behind it, they're like, okay, this guy must just really like this name, especially with the eth for some reason. Again, may not like it, but at least in the developer world it gives you a stamp of approval because they know that you at least have to accept the fact that you're going to pay renewals on it every year, and a bot wouldn't do that.

Speaker 1: 1:09:43

So digital identity being able to not only see exactly who someone is provably because you can click through to it, see the wallet do all that good stuff and again prove who you ain't in this space this ain't this, ain't this. It's not a pain for you. Yet Some of us have moved millions of dollars in NFTs and shit coins and this and that, and it's extremely important to know what you're clicking on and what you ain't clicking on and this and that, and it's extremely important to know what you're clicking on and what you ain't clicking on, and if you might get rugged or somebody sending you the wrong this, and that it gets real. When it gets real, go for it, web3im, and then we'll go to their address.

Speaker 5: 1:10:29

All right. So to this point, a decade ago I was selling a lot of different tickets for like shows I was playing on opening for like Pendulum Figure, downlink, blockhead, rjd2, just bragging here. But a lot of those shows I had to deal with people using a digital identity. People might not have ever known me from being a stranger on the corner and I had to show them things like hey, this is my Facebook, we have 20 mutual friends, they can all vouch for me. So I was showing people through digital means like here's a photo I just performed at this other event. See that guy with a Mohawk in front of 300 people. That's me in the photo. See me with a Mohawk here in front of you. That's me. So I was using my social media accounts to prove trust to these people.

Speaker 5: 1:11:14

Yes, I'm not a scammer. I'm selling you a real ticket to a show because oftentimes these tickets were PDFs. If someone's sending you a PDF ticket to a show because oftentimes these tickets were PDFs If someone's sending you a PDF ticket to a show, they can duplicate that as many times as they want and sell it to as many people as they want. I never did that. That's a scammer tactic and because people were worried about that. Like, are you sure this is the only ticket and you haven't sent it to anyone else? Nope, I haven't.

Speaker 5: 1:11:39

I'm not going to go into the NFT use case that solves that with token IDs but to the point of digital identity. That's how I would show people I would be proactive out of the gate, which is why I like people having a reputation and a name attached to it, because you can build a good reputation, you can be a good person and you can prove that to other people. And it's not that you're trying to brag about the shit that you do. It's that you're trying to show people that you're a genuine person and you come through on your word. Because there are situations where we use the blockchain that you do not have a smart contract. You have to do things in good faith, so how can you prove your good faith to other people and leverage that to prove your identity as well?

Speaker 1: 1:12:21

Bro 100. Go for it, bernard Dress.

Speaker 2: 1:12:24

Yeah, let me jump in there, and that's the thing that I'm talking about. Right, we're talking about digital identity, we're talking about digital reputation, we're talking about digital personalities, but a lot, some of these things I mean, there's a lot more than that, but until these things get definitions put on them, until we define them and they become like, you know enormously, otherwise you need your digital voice, right, and already you have the ability to use this. So all these gray area things that pop up with these Web3 domain names, you can just go on, because XMTP is kind of like becoming the standard, but there could be multiple standards there and multiple choices. But, yeah, having that digital voice where you can go ahead and text chat like we used to back in the day, and then it evolved into voice, which already is now, and then you have a video also as well, already on web3, with these digital identities, digital personalities yes, sir.

Speaker 1: 1:13:16

And then to kind of round up one of my last points, I'm gonna to try to wrap up this space soon. Like I said, I've got a lot going on today and do want to keep it short and I've really enjoyed this conversation thus far. But going back around to that digital voice, I think the other big benefit now, going back to the limitations and again, not to poo on the ICANN domains or that ecosystem, that is what it is. It's a beast. It's a beast all by itself, but when you start wanting to use it for digital identity, you do have to take into consideration its limits. And some of those limits is you can't be dot whatever you want to in that space.

Speaker 1: 1:13:57

And as this space continues to expand, as we start to run out of everybody not wanting a eth or x or crypto or any other things, that we try to push on them and say it's the coolest thing to have that ability. To have the amount of personalization without sacrificing the utility in Web3, I think is going to be a very attractive proposition to people adopting digital identity in Web3 once again once they come to Web3. I mean, that's still the hurdle that you have to overcome. But I think that once people are attracted into Web3, I'm talking about, like the generations that you know, the I don't know what you call them, gen Z, all that kind of stuff when they're really starting to come into Web3 and make their money and make their bones, I don't think that they're going to go back and acquire their dot com and then bridge it into Web3 as their digital identity.

Speaker 1: 1:14:52

I think many of us are going to do that because we're in that space, we have those bags. It's already something that we're used to. But when someone is face-to-face with a brand new decision of how I enter into, you know, owning my identity in this space, this is a fresh landscape for me and I have the option of being a net or a com or info or whatever that works just the same as a jessica. I think I might pick jessJessica instead. You know, considering I don't need a website.

Speaker 5: 1:15:25

Go for it. My three, all right. My rebuttal to that would be it depends on where you go to register all these things Right now. If any of you were to go to Unstoppable, because you can get Eth there as well and use a credit card and whatnot and do renewals. So if you have all those there and additional ones for Solana, avalanche, bnb, all of them if you can find what your brand name is and it's all right there and you can click add to cart and do it in one click, I think, even if there is a com in there and it's $12 compared to what the registrations and gas are for some of the other ones are $20 for soul perpetually.

Speaker 5: 1:15:59

If it's $20 for your soul perpetually, it's $20 for SOL perpetually. If it's $20 for your SOL perpetually, it's $12 for a com per year. Other domains like bnbarb the other ones have renewals too If it's $12 for a com and it shows up in the results and you can click add all to cart, I think in that perfect scenario people will just get their com with it because it's available for their brand or the name they want to go by, because it still has value. But I can see from your point that it's not going to be the one thing that leads people into this stuff, and it's especially not going to be the one thing that, like they're going to go back over time and have to pick it up. But if they first initially go to develop a brand or a new thing, I think they'll just add it to cart if it's already there in the search results.

Speaker 5: 1:16:42

Let me just say one thing real quick, just real quick.

Speaker 2: 1:16:44

I just thought of that word homophonetic. Not that I invented it, but I'm just starting to use it. I typed it in, it was available everywhere, eath included, com included and everything and I did register it. And I'll tell you what I chose. I chose Dot, Unstoppable, because it was the cheapest and I just wanted to be on blockchain as the first one to actually use that.

Speaker 1: 1:17:07

Yeah, and going back to Web3.am and kind of reinforcing that, yeah, I do definitely think well and that comes down to UI as well, which is again something that's coming from this side and it's our responsibility to build if we want to narrate and shape the space. But if you do make it that convenient and make that choice available to people, then yeah, I mean, you're obviously making it easier for them to make it than to not make it. If you're, like I said, if you're coming in front but even like faced with that choice, if the com was available was the com available for that Burgess?

Speaker 2: 1:17:45

Yes, the com is still available.

Speaker 5: 1:17:46

That makes me wonder about the spelling of it.

Speaker 1: 1:17:48

I've been faced with the choice.

Speaker 5: 1:17:51

Yeah, but if a com is available for something, it always makes me question the spelling of it, because that's just me being an Englishman.

Speaker 2: 1:17:57

That's a weird word Check it out. I didn't triple check it, so I could be wrong. So go check it out.

Speaker 1: 1:18:02

I didn't triple check it so I could be wrong, so go check it out. What I'm saying is like, depending on what reason adopts people into the digital identity space, and I guess to the point that I'm making is, I don't think it's going to be the same reason that people came into the dot-com space or are still coming into the dot space. I mean, it's just not.

Speaker 5: 1:18:19

Oh, it's going to be personal brand instead of company.

Speaker 1: 1:18:24

Exactly so. That's what I mean. Like a person coming into the com space that is actively searching for a com is an entrepreneur, most often than not, that's using it for business identity and maybe they'll build a website, maybe they won't. But the person that's coming in that just wants it to represent their word with an extension on the back of it, that's also cool. I mean, if they got $10, they're probably going to skip that com 99% of the time for that other thing. That was cool.

Speaker 5: 1:18:55

I still view them like passports. I still think that, depending on what extension you have and what ones you own in your wallet, that depends on what experiences you have afforded to you. It's its own version of token gating. You can't go on certain apps that are on Binance without a Binance wallet. Well, what about having a Binance username as well while you're on those apps? So I just view it as you're speaking another language to people. Like, if I talk to you about Polygon, we have higher transactions per second.

Speaker 5: 1:19:23

There's a lot of different companies that are invested in it, so we would talk about those venture capital funds, those companies. We all have these different kind of silos. But if you have a domain name and wallets like Phantom, paraalgo, metamask, trust Wallet, you name it. A combination of those affords you the ability to interact with people across all communities and you don't even have to learn another actual language. But there are even communities like that. Just think about the fact. If you join any discord for these companies on the blockchain, go look at what they have for international sections. They have the US, some of them have China on there. They have different breakups because that's the majority of their user concentrations. So just view it as it's other ecosystems in places around the world that you can interact with, depending on what names you even own.

Speaker 1: 1:20:12

Yeah, and I absolutely agree with that as well. That's another thing too. I don't know if there is necessarily like a tribalism or not necessarily tribalism. I think all Web2Demainers kind of unanimously agree that com is king. But I don't know if they necessarily like have com hangouts or meetups or there's any special clubs you can get into because you hold a com. But it's definitely different in the Web3 space, where digital identity is also, you know, gateways to interacting with certain communities or being even accepted by them as well.

Speaker 1: 1:20:44

So, again, digital identity and to kind of conclude, you know Web2 domaining is its own beast, as we said. You know it's a multi-billion dollar industry that's never going to go away and the people who are successful in it are probably always going to be successful in it. But we are also, you know, our own beast, which is what I wanted to illustrate. You know, just as we just, you know, pointed out you know the type of things that you know, inevitably people are going to use Web3, digital identity and again, you know the need for personalization kind of makes that possible as well. Kind of hard to token gate something exclusively if the name is off. So you know, I think organizations and platforms are going to feel more comfortable with spinning up a Web3 ID that's bespoke, that's custom, that they can control and issue to their members. That type of control again has a benefit that you just can't get from a centralized asset that's still tied to a centralized root zone.

Speaker 5: 1:21:44

Well, to your point, that's what I was saying about I've said it a few times MasterCard. When they were on a call I was on about digital identity. They ended up saying you know, when we do something, we're probably going to use a private blockchain because we don't want to share the data of what our customers are doing with us on a public blockchain. So Oracle, I just use them because they're local to me too and they're the one I know easily. They have private, permissioned blockchains so they could have those transactions go through and you'll see that a transaction went from an Oracle wallet to whatever it's going through outside of there, but you don't know whose wallets are involved inside, you don't know which customer it ties back to. They control all of that data.

Speaker 5: 1:22:28

So there are ways companies are going to do that, but that has a disconnect from people either bringing their own names or, to your point, which is what Unstoppable is clearly doing Any of the companies that want to have control over it and do it that way, they can do it. Subdomains eventually will come about and I'm not jumping into the ideas and certain things there but companies are going to want control. So anyone that thinks decentralized names, it's going to be like everything else. You'll be able to bring it with you and use it. I can use my Gmail. Those other companies don't control it.

Speaker 1: 1:22:59

I know Google does but I can use my Gmail on other companies' ways to sign up. So that's kind of a set standard, yeah, and eventually we're going to have a sign-in. Well, we already have a sign-in with Wallet Standard kind of, on Web3 apps. But when we start seeing it everywhere and it replaces Google, which it probably you know at least will become an option, at that moment, you know that's when adoption has really happened. And yeah, again, to conclude, you know our two worlds are merging but, as I'm illustrating, not because they're the same thing, but because of the value you know each has found that they can provide each other.

Speaker 1: 1:23:37

You know, again, there's a lot of value that Web3 technology adds to the Web2 domain space.

Speaker 1: 1:23:42

As far as you know, again, tokenizing them, the ability to fractionalize, to move them around, to do all kinds of stuff that you know the blockchain provides. But it will still always have certain limitations in the back end, even, you know, from the registrar, you know, I don't know if you know this, but if you move from one registrar to another, there's a waiting period. Things don't happen the same or as instantaneously as they do on things that are pure Web 3.0, but that is because they are two different things, so it's not like you're buying the same thing in Web 3.0. There are two different things, which is why they work different. Again, it's important to understand the difference, to be bullish on what each one of them is and the strengths that they do offer. So, you know, hopefully this space put a little bit out there for you guys. To you know, continue on your path of research, get more education and learn more about you know the reasons why you should be bullish on what you already have sitting in your wallet.

Speaker 5: 1:24:39

Go for it, what3iam and then we'll close up. Yo Pokemon already trained our generation. Got to collect them all, so got to catch them all. Tlds.

Speaker 1: 1:24:48

Yes, sir, yes sir. I want to thank everybody once again for attending another iHeartDomains Tech Talk. Thank you for everybody that came up on the stage. I really appreciate you guys, as usual. One more time can't leave you guys without reminding you or giving you another invite to Warpcast.

Speaker 1: 1:25:07

I am doing a whole lot of promoting for Warpcast for no reason, because it ain't like they show me love, but I can't hate on something that is a powerful tool for people if it is useful for you, if you're able to build a community or connect with people over there, it really is genuine interaction. It incorporates a lot more of the blockchain that I, like I'm going to personally move more of, like I said, everything that I'm doing over there, including these spaces. They have a platform that's connected to it, called Tavern, that I'm going to start playing with. But again, going back to digital identity, called a tavern, that I'm going to start playing with. But again, going back to digital identity, I'm I'm not a domainer, I am a web three digital identity. You know that's the space that I'm in, and so, as we continue to develop and build tools that incorporate digital identity, my brand's going to move over there If Twitter is not integrating dot X and dot crypto and dot East, but Warpcast is, and that's where I'm going, because I want to work with things that help make the industry that I'm invested in relevant.

Speaker 1: 1:26:08

So, again, welcoming you guys and sending out the invite to come over there. We have a channel called Web3 Domains, so really easy to find. If you want to share your domains or talk or chat or start a conversation, perfect place to do so. But yeah, thank you guys for all attending. You can listen back if you missed any part of this at techtalkhost, everything will be uploaded in the next day or so. Again, thank you to everybody for coming up on stage. Enjoy your Friday and your weekend. Happy halvening. If you're bullish on runes and Bitcoin, I'll talk to you guys later.