Unstop Domains Promises Patent Non-Infringement Pact in Web3 Domain Name Alliance

02/23/2023 02:39 • Blockchain Buzz • 127 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

Interpret the above information:

Unstop Domains, the blockchain domain name registrar, has pledged to sign a “patent non-infringement pact” in the Web3 domain name alliance. The alliance, consisting of dozens of companies providing naming services, aims to establish a new era of internet infrastructure based on decentralized technologies. Unstop Domains’ commitment involves relinquishing enforcement of its key patent, named “resolving blockchain domain,” against other members of the Web3 domain name alliance.

This development is a significant step towards the deployment of decentralized systems, as it removes the possibility of any legal battles and patent disputes between different players in the domain name space. As more companies join the Web3 domain name alliance, this commitment becomes even more valuable.

Unstop Domains also revealed that 52 new projects have joined the alliance, including Blockchain.com and Rarible, a popular NFT market. However, the Ethereum Domain Name Service (ENS) has not joined, and its chief developer expressed reservations about the decision of its competitors to open source code and domain name intellectual property.

This shows that some companies may not be willing to join the Web3 domain name alliance due to concerns about sharing their intellectual property. However, the decision of Unstop Domains to sign a “patent non-infringement pact” may ease such concerns and encourage more players to join the alliance.

Overall, this announcement marks a positive step towards the development of decentralized internet infrastructure. By removing the threat of patent disputes, the Web3 domain name alliance can focus on building a more innovative and collaborative ecosystem based on blockchain technology and other decentralized systems.

Keywords:

1. Unstop Domains: A blockchain domain name registrar that has pledged to sign a “patent non-infringement pact” in the Web3 domain name alliance.

2. Web3: An alliance of dozens of companies that provide naming services, working towards establishing a new era of decentralized internet infrastructure.

3. ENS: The Ethereum Domain Name Service, whose developers have expressed reservations about joining the Web3 domain name alliance due to concerns over open sourcing code and domain name intellectual property.

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