Freename announced today that they have becomes the first Web3 registrar to attain ICANN accreditation. More and more we see the legacy domain space and the Web3 space coming together.
Full release:
Freename proudly announces its groundbreaking achievement as the world’s first Web3 registrar to receive ICANN accreditation, marking a significant step in integrating traditional domains into a Web3 platform. This milestone underscores the growing convergence between traditional and Web3 domains, signaling a major advancement in the domain market.
Uniting ICANN, Freename, and Web3 Innovations
With ICANN’s accreditation, Freename now offers a unique blend of traditional domain management alongside Web3 domain services and Web3 DNS. This combination ensures users access the most secure, reliable, and advanced solutions for managing all their domains in one place.
“Receiving ICANN accreditation is a huge step forward for the entire domain industry,” said Davide Vicini, CEO of Freename. “It reinforces our commitment to innovation and excellence in the domain registration sector. We’re excited to bridge the gap between traditional and Web3 domains, offering our users a seamless experience.”
Revolutionizing Domain Management: Mirroring and Tokenization
ICANN accreditation strengthens Freename’s initiatives, such as mirroring and tokenizing traditional domains into Web3. This innovative capability allows users to purchase traditional domains on Freename and convert them into decentralized versions with a single click. This ensures that any domain can be used across the decentralized web, unlocking unique Web3 utilities and applications. Freename enables users to maintain a presence in both Web2 and Web3 environments, enhancing their reach as the internet evolves to blend centralized and decentralized elements. Tokenization introduces a new paradigm for domain ownership and trading. Domains become digital assets that can be easily bought, sold, and traded on a blockchain, creating a more liquid secondary market. This merges Web2 commerce with advanced Web3 features, providing enhanced security and transparency. Tokenized domains offer a verifiable history of ownership and transfers, reducing fraud risks and fostering trust. This transparency creates a vibrant marketplace for digital assets and opens up new financial models, such as fractional ownership and domain leasing. If you are interested in tokenizing your domain names, please fill out this form to stay updated on the latest developments from Freename.
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