It is reported that Unstop Domains has made a commitment to sign a “patent non-infringement pact” in the Web3 domain name alliance

02/23/2023 02:39 • Digital Disruptors • 75 views

It is reported that Unstop Domains promised to sign a “patent non-infringement pact” in the Web3 domain name alliance, which is composed of dozens of companies providing naming services. Unstop Domains said that it would not enforce a key patent named “resolving blockchain domain” against other members of the industry organization of the Web3 domain name alliance. While announcing the patent commitment, Unstop Domains also revealed that another 52 projects have joined the Web3 domain name alliance, including the cryptocurrency exchange Blockchain.com and the NFT market Rarible, but at present the Ethereum Domain Name Service (ENS) has not joined. The chief developer of ENS expressed reservations about the decision of its competitors to open source code and domain name intellectual property.

Unstop Domains promised to sign the “Patent Non-infringement Treaty” in the Web3 Domain Name Alliance

Introduction

The Web3 domain name alliance is composed of dozens of companies that provide naming services. Recently, Unstop Domains has promised to sign a “patent non-infringement pact” within the alliance. This pact will ensure that Unstop Domains does not enforce a key patent named “resolving blockchain domain” against other members of the alliance.

Unstop Domains’ Promise and its Significance

Unstop Domains’ promise to sign the “patent non-infringement pact” is a significant step towards promoting collaboration in the domain name industry. It is expected that this action will encourage other companies to join the Web3 domain name alliance and work together towards the advancement of the industry.

New Members in the Web3 Domain Name Alliance

Unstop Domains has also announced that 52 new projects have joined the Web3 domain name alliance. Some of the notable members include the cryptocurrency exchange Blockchain.com and the NFT market Rarible. However, the Ethereum Domain Name Service (ENS) has not joined the alliance yet.

Reservations Expressed by ENS Chief Developer

The chief developer of ENS has expressed reservations about its competitors’ decision to open source code and domain name intellectual property. This decision might result in a lack of differentiation between domain name service providers, and the ENS might lose its competitive advantage.

Conclusion

Unstop Domains’ commitment to sign a “patent non-infringement pact” in the Web3 domain name alliance is a positive development for the industry. It promotes collaboration, and it is expected to encourage more companies to join the alliance. While the ENS has expressed reservations about this decision, it remains to be seen how this will affect the competitive landscape of the domain name industry.

FAQs

Q1. What is the Web3 domain name alliance?
A1. The Web3 domain name alliance is composed of dozens of companies that provide naming services in the domain name industry.
Q2. What is the significance of Unstop Domains’ promise to sign the “patent non-infringement pact”?
A2. Unstop Domains’ promise promotes collaboration in the domain name industry and encourages more companies to join the alliance.
Q3. Why has the Ethereum Domain Name Service (ENS) not joined the Web3 domain name alliance yet?
A3. The ENS has expressed reservations about its competitors’ decision to open source code and domain name intellectual property, which might result in a lack of differentiation between domain name service providers.
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