Crunchbase news is out with a report today on Web3 and the number of deals getting done. While there was an uptick in Q1 2024 they point out that venture dollars well off the highs seen in 2021-22. From the article: Web3, once the buzziest of all buzz words in the venture landscape, saw its funding slightly increase in the first quarter of the year compared to last year’s fourth quarter — … [Read more...]
ENS partners with GoDaddy
GoDaddy has partnered with ENS Domains, I believe these partnerships between registrars and ensdomains will become more commonplace as time goes by. EnsDomains published a blog post that goes into greater detail. Once it is configured, the domain name can be used in place of an Ethereum address in a range of web3 applications including wallets, block explorers, NFT marketplaces, etc If you … [Read more...]
Unstoppable Domains and ENS Clash Over Blockchain Domain Patents
CryptoPotato.com published an article on patent disputes in the Web3 domain name space. According to the article, Nick Johnson, the lead developer of ENS, expressed significant concerns about Unstoppable Domains’ patent applications related to blockchain domain names while highlighting ENS’ advocacy for open source, open standards, and governance. At the center of the debate is Unstoppable … [Read more...]
Will Web3 domain name adoption every truly take off on a grand scale?
So over the weekend someone was asking me when Web3 domain names were going to take off? While being far from an expert on every little nook and cranny with regards to Web3 domains, my take was when the confusion ends. Then I read this article this morning on CoinTelegraph "Web3 usernames may see greater adoption due to recent advancements." Now the author addressed some of the problems with … [Read more...]
Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?
The big news today is the announced acquisition of NFTs.com for $15M. The press release is attached below. How do you think this sale will age? It does make NFT.com at $2M look like a great purchase price IMO. Looking at Google trends which is only one data point, it seems the trend line has been trending down on NFT and NFTS Interestingly NFTs.com was registered way back in 1999 long … [Read more...]
Move over Web3 hype here comes Web5
So while there has been a lot of buzz around Web3 it appears some are focused on Web5. Jack Dorsey co-founder and former CEO of Twitter, Inc., as well as the founder and principal executive officer of Block, Inc. is the man behind Web5. Dorsey tweeted out: Tracey Follows wrote a post on Web5 for Forbes. The actual definition given in the TBD presentation pack is as follows: “Web5 is a … [Read more...]