The Good Tech Companies - Somnia and Unstoppable Domains Launch .Dream: A New Era for Web3 Identity

Episode Date: October 18, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/somnia-and-unstoppable-domains-launch-dream-a-new-era-for-web3-identity. Somnia and Unstoppable Domains have announced a strategic partnership aimed at expanding digital identity options in the Web3 space. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #somnia, #somnia-announcement, #news, #good-company, #blockchain, #web3, #somnia-news, #domain, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Somnia and Unstoppable Domains have announced a strategic partnership aimed at expanding digital identity options in the Web3 space. The collaboration centers on the introduction of the.Dream domain within Somnia's ecosystem. This partnership marks a significant development in the ongoing effort to streamline and secure online identities across decentralized platforms.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Somnia and Unstoppable Domains Launch. Dream, a new era for Web3 identity. By Ashan Pandey, Somnia, a blockchain solutions company, and Unstoppable Domains, a provider of blockchain-based domain names, have announced a strategic partnership aimed at expanding digital identity options in the Web3 space. The collaboration, revealed on InsertDate, centers on the introduction of the Dream Domain with Insomnia's ecosystem. This partnership marks a significant development in the ongoing effort to streamline and secure online identities across decentralized platforms. By leveraging blockchain technology, the two companies seek to offer users a new way to

establish and manage their digital presence across various applications, games, and metaverse environments. Features of Dream Domains The Dream Domain is designed to offer several key features 1. Cross-platform username The domain will function as a unique identifier across over 865 apps, games, and metaverses within the Unstoppable Domains ecosystem, with plans for integration into Somnia's platform. Backslash.2 Community Engagement Domain owners will become part of a community of Web3 enthusiasts.

The partnership introduces a badge system based on the number of Dream Domains owned, potentially offering access to exclusive community features. Backslash.3 Simplified Cryptocurrency Transactions The domain aims to simplify blockchain transactions by replacing complex wallet addresses with human-readable names, supporting over 200 cryptocurrencies. Sandy Carter, COO of Unstoppable Domains, provided insight into the broader vision for the Dream Domain. We're offering more than just a domain, we're providing a digital home for aspirations and big ideas. Carter also revealed plans to collaborate with Somnia on an

application for the upcoming ICANN GTLD, generic top-level domain, process, which could further expand the domain's capabilities and integration into the broader internet ecosystem. Availability and Pricing Following an initial giveaway of 1,200 free domains, Dream Domains will be available for purchase starting at $2. This pricing strategy appears aimed at encouraging widespread adoption within the Somnia community. Somnia describes itself as a high-throughput EVM layer-1 blockchain with interoperability protocols. The company's goal is to unify various Web3 elements, including metaverses, gaming,

NFTs, and social platforms, into what they term a virtual society. Unstoppable Domains is known for its blockchain-based domain name services, which aim to simplify cryptocurrency transactions and digital identity management in the Web3 space. Looking ahead, as the Web3 landscape continues to evolve, partnerships like this between infrastructure providers and identity services could play a crucial role in shaping user experiences and interactions in digital spaces. However, the success of such initiatives will likely depend on factors such as user adoption, technological integration, and the overall development of the Web3 ecosystem. Industry observers will be watching closely to see how this partnership unfolds and whether the

dream domain can achieve significant traction in the competitive world of digital identity solutions. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.