Smart Domain Platform Web23 to Launch Tokenized DNS Services in Hedera, Supported by The HBAR Foundation
The Beta will launch this August when .hbar Smart Domains first arrives.
- Web23 is set to launch exceptional “Smart Domain” services and DNS platforms to bring accessibility, utility and security to both the traditional Web2 ICANN domain and tokenized Web3 domain in Hedera.
- Announces support from The HBAR Foundation to expedite product development and deployment.
- Bringing .hbar domain names live with a release of the Chrome extension Beta application in August 2022.
DOVER, DE / ACCESSWIRE / June 27, 2022 / Web23 will soon change the DNS infrastructure by allowing users to register and purchase Web2 ICANN domains as well as tokenize Web3 NFT domain names in Hedera Hashgraph; accelerated support from The HBAR Foundation. Their new interoperable Smart Domain service makes it easy to buy, sell, and manage all domain names with added privacy and security features within one simple platform. Web23 will enter Beta in August 2022, starting with offering the most anticipated .hbar domain names to the Hedera community.
The HBAR Foundation is committed to funding and supporting interoperable solutions in Hedera, which include the development of services that benefit the entire ecosystem. Web23 was tasked with developing and deploying a decentralized naming system on Hedera, changing the way domains work with their groundbreaking DNS on the DLT platform.
Co-founded by DNS visionary Som Kirann, blockchain veteran Rahul Pandey and domain name
entrepreneur/IT specialist Del Iglesia, Web23 uses a completely different approach compared to other Web3 NFT domain platforms. Instead of just offering the ability to mint NFT domains, Web23 also supports traditional ICANN domain names and bridges the gaps between decentralized ledger technologies and the domain naming system. Web23 believes that Hedera Hashgraph through its philosophy, design, and consensus will be one of the leading DLTs, and a clearing ledger for the entire ecosystem of Web3 domains, expanding their Smart Domain service across all chains. .
“This partnership with the HBAR Foundation will help our team accelerate product development and stimulate community outreach. Our goal is to innovate in the domain space, build infrastructure, and make sure everyone knows where to access and use Hedera’s name registration service. “ – Som Kirann, Founder
These Smart Domains, including .hbar, are minted to the L1 native layer in Hedera and allow consumers to reach designated assets on both Web2 and Web3 whenever an address is typed into a web browser. The team is launching their Beta platform and Chrome extension application to enable wallet support and dApps integrations within the Hedera ecosystem. Once users’ wallets are connected, the Web23 Chrome extension automatically delivers backend APIs and smart contracts to the assigned dApps, SDKs, domain names, and wallet IDs to perform any transaction. The company is starting with smart domains and .hbar, but has plans to roll out account ownership privacy and security features, social verification tools, and tokenized coupon integrations through their platform.
“The ecosystem is young, but full of opportunities to be filled. I feel the same excitement during Web1’s childhood, but with the wisdom to build behind data ownership. It’s a renaissance of creators and developers, collaborating with the emerging technologies that are shaping our society and the future. “ -Dolphin Church, Co-Founder
Whether it is dApps, DAOs, DeFi, or metaverses, security, protection and data privacy will be crucial to maintaining an online presence. Web23’s exceptional platform allows for unique optimizations and automated tracking; creating new ways of protecting a brand’s digital identity and health from dozens of threats.
“Hedera has so many key features that make it unique to other L1 chains. With such an elegant SDK, it’s fast, scalable, secure, and of course low cost to mint tokens or add new blocks. solve the trilemma, and with so much change happening in the Hedera space, it was a clear decision to build the Hashgraph network. ” -Rahul Pandey, Co-Founder
With an exciting outlook, an enthusiastic marketplace, and the support of The HBAR Foundation, Web23 is positioned to introduce the next generation of DNS infrastructure. What sets them apart is their aggregation of traditional ICANN domains; unlocks new levels of interoperability between DNS and DLT.
For more information visit https://web23.io for email signups, join the discord and follow Web23 on Twitter @web23io for important updates and announcements.
About Web23
Web23 is a secure, interoperable DNS platform that allows users to tokenize domain names in Hedera Hashgraph; brings utility and accessibility to both web2 and web3 domains. Their exceptional Smart Domain service simplifies the purchase, sale and management of domain names, with the additional function of encoding tokenized metadata.
About the HBAR Foundation
Founded in 2021, the HBAR Foundation strengthens the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations aimed at launching decentralized applications in DeFi, NFT, CBDC, ESG, gaming, and other sectors. In addition to providing funding through a streamlined donation process, the HBAR Foundation acts as an integrated force multiplier through expert support across technical, marketing, business development, and other operational functions. necessary to measure.
About Hedera
The Hedera network is the most used, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is managed by a council of the world’s leading organizations, including Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.
For more information, visit https://hedera.com, or follow them on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at https://hedera.com/discord. The Hedera whitepaper can be found at https://hedera.com/papers.
Links and More Information:
Media Contact:
Gaurav Arora
[email protected]
SOURCE: HBAR, Inc.
Check out the source version at accesswire.com:
https://www.accesswire.com/706553/Smart-Domain-Platform-Web23-to-Launch-Tokenized-DNS-Services-on-Hedera-Supported-by-The-HBAR-Foundation