March 24, 2025 • 59 mins
Digital identity is evolving beyond simple usernames and passwords, and Web3 domains are leading this transformation. These blockchain-based names aren't just convenient shortcuts for crypto transactions – they're comprehensive identity solutions that put you in control of your online presence.
The core challenge of blockchain interaction has always been the complexity of wallet addresses. Those intimidating strings of letters and numbers create a significant barrier to adoption and usability. Web3 domains solve this by providing human-readable names that work across multiple blockchains and applications. Instead of copying and pasting that impossible-to-memorize 0x address, you can simply share yourname.dgen or yourname.xchain – making transactions more accessible while simultaneously building your personal brand.
What truly sets these domains apart is their versatility and ownership model. Unlike traditional domains that require yearly renewals and can be taken away through various mechanisms, Web3 domains like those on Freename are purchased once and owned forever as NFTs in your wallet. This immutable ownership provides security that Web2 domains simply can't match. Plus, they function as customizable profile hubs where you can showcase avatars, link social accounts, and display accomplishments – creating a curated digital presence rather than just an address.
The investment landscape for Web3 domains presents opportunities at both the SLD (second-level domain) and TLD (top-level domain) levels. While SLDs follow familiar domain investing principles based on memorability and brand potential, TLDs represent a revolutionary opportunity previously unavailable to individual investors. Owning a TLD like .degen or .xchain means earning 50% royalties whenever someone registers an SLD on your extension – a passive income model that's generating significant returns for early adopters. As Web3 adoption grows beyond the current enthusiast community to mainstream
Freename.io is the leading Domains platform in Web3. Users can mint their own customized Web3 TLDs.
Geek out with style - NerdMerch
Shop web3 tech inspired print on demand merch featuring original designs by IHeartDomains
Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.
Want to LEARN more about Web3 Domains and Digital Identity?
My name is Marcus Andrews aka” WenAirDrop”, founder of IHeartDomains LLC, and since 2022 we have been a leading resource for News, Innovations, Education, Alpha and Business Development in the Web3 Domain & Digital Identity space.
If you're interested in Web3 domain insights, development, and news, don't miss our upcoming TECH Talk episodes featuring industry builders. Join our live discussions on Twitter/X spaces and engage with our community on platforms like Warpcast and Link3 for real-time updates and valuable ALPHA. Your journey into the future of digital identity begins with us!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
no-transcript.
(02:30):
As usual, going to pin a couplethings to the top of the space
and then we will get right intoour tech talk.
You All right?
(03:18):
All right, welcome to our TechTalk podcast.
This is a live discussion werecord weekly here on X where we
highlight news, innovation,education, alpha and business
development within the Web3technology and digital identity
space.
I am your host, marcus akaWinAirdrop, founder of
iHeartDomains and communitymanager at Freename.
(03:39):
We are your number one resourcefor unbites, web three and
blockchain domain educationalcontent, with over 100 tech talk
episodes and YouTube videosproduced and archived over the
past two and a half years.
(04:00):
Iheartdomainscom or you cansearch for prior recordings in
podcast format if that's how youprefer to listen on every major
podcast player, including ApplePodcasts, spotify and iHeart
Radio, and you can find thateasily at techtalkhost.
As usual, I'm going to open upwith some brief opening news.
It's actually kind of a repeatof last week's opening news.
(04:23):
It's still, you know, thepretty big and dominating news
as far as our space is concerned.
And it's just to re-remindeveryone that the free name
MetaMask Snap integration is nowlive.
That means that with a simpledownload of a plugin into your
existing MetaMask wallet, youcan now resolve basically every
(04:43):
free name domain that exists inthe ecosystem as long as
somebody set their records on.
It will also resolve ENSdomains, which already resolve
natively within MetaMask.
But just to give you an exampleof how our resolve works.
And it will resolve unstoppabledomains.
So it eliminates the need todownload multiple snaps into
(05:05):
your Minibask.
It is one snap to rule them all, and then, of course, other
naming services will beintegrated in shortly so that,
yeah, you'll truly not have tointegrate really any other snap
again.
Beauty of Freename and we'vetalked about it many times is
(05:26):
that most of the things thatthey built, most of their tools
and resources and plugins, areboth multi-chain and multi-name
service in order to create kindof an interoperable space.
And again, for those of you whojust want access to everything
at once, check out Freename'sMetaMask Snap.
And, yeah, just to simplifythat again, set up a plugin, go
(05:47):
to MetaMask.
You can send cryptocurrency nowto names like yournamedgen or
mynameexchange.
And speaking of DGEN andexchange, I always like to open
the space by re-remindingeverybody.
The registry is open for theTLDs on Freename dgen, xchain,
.88888, and defiwallet, amongmany others but these are our
(06:12):
premium TLDs that we own withiHeart Domains.
Every mint supports us, helpsus keep going.
Also, you get all the valuethat Freename is currently
providing and is looking toprovide in the future.
Again, integrations likeMetaMask, snap, all these
different innovations make ourdomains worth more and more each
day.
So just a real reminder thatour registries are open.
(06:33):
If Freename does have anyexisting coupons, our domain
registry is accepting thosecoupons.
So we have not opted out ofthose discounts, so that's a
good thing as well.
So any coupons or specials orany discount codes that you have
available that work in the freename ecosystem will work for
our domain TLDs, and that meansyou may potentially be able to
(06:56):
get a forever name for as cheapas $5.
And again, our domains on anyof these extensions have no
renewals.
All right, let's hop into themain discussion.
This is our Web3 DomainWorkshop inspired tech talk.
The topic, as you can see, iswhy does everybody need a Web3
(07:17):
domain name?
First and foremost, I do wannaopen up with you know why we do
these, what the Web3 Domainworkshops are.
These are sponsored in part byFreedName.
We do these workshops each weekand have been doing these
workshops for the past couple ofmonths Each week in order to
deep dive and highlight intodifferent ecosystem again
(07:39):
utilities, some of the basics ofhow Web3 Domains work.
Why should you want one, how,why should you need one, how to
use one, how to profit from one.
All those good things.
Again, breaking down both thebasics and getting into some of
the complexities of theecosystem so that ultimately our
investors, you know, know theirinvestment inside and out and
(07:59):
can, you know, be more effectivein onboarding other people or
building and creating valuebehind their
TLDs.
As I mentioned in each one ofthese tech talks, even though
you know, majority of thecontent that we're going to be
speaking about is Freedomecosystem specific.
As I mentioned before, most ofwhat Freedom has built and is
currently still building ismulti-chain and multi-name
(08:22):
service.
So a lot of what we are talkingabout not only benefits the
pre-name ecosystem but it alsobenefits those who are in the
Web3 domain space as a whole.
So it doesn't matter if you'rebullish on ENS, if you're
bullish on UD, if you're bullishon SNS, doesn't matter which
domain ecosystem you're bullishon.
We hope that these Web3 domainworkshops can provide value to
(08:42):
you and that you can takesomething away from
them.
So, again, we do these live asa utility to our VIP community.
Every single Thursday we hostthat in Google Meet form.
So if you are a member alreadyin the free name community and
you are a VIP, you already knowwhat I'm talking about.
If you haven't shown up yet,please tap in.
But we discuss this samesubject live, and it's also an
(09:05):
open space where our VIPs canbring up anything, but usually
we're able to dive into itscreen share, et cetera.
And then, of course, we do thisversion of VMI Tech Talk on
Friday so that everybody cankind of get some of the alpha
that was shared, and we've divedinto quite a few things again.
That, I think, provides quite abit of value.
So, again, every Thursday inour VIP community, every Friday,
(09:30):
we do these here during ourtech talks
Also.
The second thing that I like todo as a prerequisite, I guess
you would say, or as a pre-thingbefore we get into the subject
at hand is I do like to geteverybody on the same page.
We record these here live on X,but our distribution does go a
lot further than here.
Again, these episodes do end upon YouTube and they also do end
(09:53):
up on every major podcastplayer, and so a lot of people
that are listening to this maybe listening to this and hearing
what these are for the firsttime.
You're going to hear names andwords that are extremely
familiar to you, like domain,and for most people, especially
most adults, when you hear theword domain name, you're
thinking about those dot coms,those dot nets, those dot IOs,
(10:13):
the things that you can type toyour browser that will take you
to a web page where you can thenscroll and then do what you got
to do.
These are similar to those instructure, but in technology,
what we are talking about is aWeb3 domain, aka digital
identity.
Just as you know, whatever itis, dot com takes you to
(10:34):
whatever content is linked to itIn Web3, when you create a
wallet or when you create asmart contract or you create
anything that's on theblockchain, it will generate a
blockchainaddress.
That blockchain address looksvery similar to an IP address,
meaning it can't nobody rememberthat thing right.
So, just like you have to typein blahblahblahcom in order to
simplify that IP address, to getthere here, in order to resolve
(10:57):
a route to a blockchain addressor to become identified as your
blockchain address, you canpersonalize them with Web3
domain names, which take thesame format your name, dot,
something, something.
In this case, the most popularecosystems are eth, nft, x, dgen
, among many others.
But yeah, just to clarify, web2domains are those things that
(11:20):
resolve the websites, emailaddresses, all that good stuff.
Web3 domains what we aretalking about here working a
blockchain environment andresolve the blockchain addresses
and the records that are set onthem.
So just like to clarify thatbefore we dove into it
now.
Yeah, without further ado, I'mgoing to dive into the workshop
why everyone needs a Web threedomain name.
(11:43):
This is actually going to belike kind of a and again, like a
lot of these workshops are backto basics, and I think this is
a good refresher to get us all,you know, kind of on that same,
that same platform or that samepage of why we're here to begin
with.
And I say that because, likewe've gone through several
different cycles.
(12:03):
You know, many of us have beenable to make money from our
names, but some of us aresitting on a big bag of names
and kind of have lost focuswhile we're in this space to
begin with.
And I think, when youunderstand where the market is
going with the differenttechnologies that are being
invented that we've discussed inlike a lot of detail yesterday
(12:25):
through a hundred spaces, butlike things like AI coming into
play, especially with all theagents out there with different
things that are being named onthe blockchain.
Rwa is being placed on theblockchain.
When you start seeing, likekind of how this space is
growing, then you understandalso at the same time, like why
everyone or everything needs adomain name.
(12:45):
You'll really understand whereyou fit in this market and the
level of opportunity that trulyexists.
So, yeah, today we are going todive into that topic.
I'm going to explore some ofthe personal and investment
opportunities in the space.
We're going to talk about bothSLDs and TLDs and I'll break
(13:06):
down what those are as well.
Again, a lot of people arehearing this for the first time,
and then I'm also going tohighlight how platforms like
Freename, amongst others, and,like us, iheart domains, are
pioneering this revolution andhelping onboard people into the
space.
So, again, to kick things off,I once again want to break down
(13:27):
what Web3 domains are, how theydiffer from traditional domains.
Again, in the traditional web,we have domains like examplecom,
where com is the TLD, whichstands for top-level domain.
Example would be the SLD, whichis your second-level domain.
Web3 domains are, however,different in their technology,
that they're decentralized andthey're stored on blockchain
networks, and they offer quite abit of different benefits as
(13:52):
opposed to Web2 domains.
I'm not saying that younecessarily should like live in
fear that your Web2 domain isgoing to be taken from you or
shut down or is going to stopworking, but it has happened to
several people.
Right, it does happen, and Web3domains obviously offer
immutable ownership.
They're NFTs.
The records and things cannotbe tampered with.
(14:15):
If you build something on it,no one can move it Not your keys
, not your crypto.
Same thing works in the Web3domain, so it offers substantial
amount of security and, ofcourse, like I said, a greater
degree ofownership.
Why should you, as anindividual, care about owning a
Web3 domain?
Well, again, and this is what Iexplained yesterday in its
(14:36):
simplest form, right, if you'regoing to exist in the space, you
need an identity, and youridentity when you exist in the
space is your wallet address.
Anytime you need to interactwith something, log into
something, ask somebody to sendsomething to you, you either
have to copy and paste thiswallet address which cool if
you're, you know, willing to tryto remember that and you want
(14:59):
to tattoo that on your back orwhatever.
Make merch with it or whatever.
If you're in love with yourzero X address, go for it or
whatever, and make merch with itor whatever.
If you're in love with your 0xaddress, go for
it.
But most people obviously seethe value in being able to
simplify that into somethingpersonal that they can not only
easily give to people somethingeasy to remember or in some
cases it's just straight uptheir name but also something
(15:19):
that they can brand with.
So to bring it back down,simplify transactions.
Instead of having to copy andpaste your 0x address and hope
nobody messes it up or screws upa digit, you can use a human,
readable name like Marcusdgen,and it makes it again more
user-friendly, makes it moreopen for adoption.
(15:39):
How are we going to bring otherpeople into the space if we're
making it difficult?
And then now, with that sameMarcusdgen replacing my wallet
address, I can start using it asmy username, so that it becomes
my digital identity.
And it does a couple of thingsright.
First, it becomes now my newusername, so it serves that
(15:59):
purpose, but B at the same time,I'm literally branding where
you can send me money.
I mean, I don't know how mucheasier to make it than that
right.
Each time you're sharing yourdigital identity, you're giving
away for somebody to donate toyou to verify
anything.
Again, there are so many thingsthat you can link to these, and
(16:22):
one of the things that we spokeabout yesterday is like I see a
future so far down the line forwhere blockchain is going and
hence digital identity can gowith it.
That's ridiculous, and a fewyears ago, we predicted where we
would be now.
So digital identity definitelyhas not met anywhere near its
(16:46):
peak.
We are just at the tip of theiceberg when it comes to utility
every single day.
Uh, you know, blockchains arepopping up.
Applications are blockedpopping
up.
The concept of digital identityis completely integrated within
web3.
I've mentioned before as well.
You know our, our adoptioncurve is going to come outside
of our bubble.
Inside the bubble of Web3completely gets Web3 domains
(17:09):
Like.
Almost every builder in thisspace has some sort of Web3
domain, whether it be from us,ens or UD, right?
So my point being is that weare at the very beginning.
Digital identity has so manyuse cases that we haven't even
thought of yet, and these willserve as your universal username
across all the things that willcontinue to be built on the
(17:30):
blockchain.
And then, of course, you've got, you know, the security of
being able to own your namewithout it being able to be
taken from you or seized fromyou.
So, what?
A lot of people say that anidentity can't truly be your
identity unless you really ownit right, unless no one can take
(17:52):
it from you.
And in the case of again, inthe case, again with free name
and I know there's some otherecosystems that have the same
model, but with their, you know,buy once, own forever, no
renewals you truly do get to ownthem forever without you know
ever having to worry about themdisappearing from your wallet,
unless, of course, the securityof your wallet is not intact
(18:12):
Again, a lot more secure thanyou know, trusting a centralized
registrar not to, either, youknow, lose your name or, you
know, find a reason, or by lawor something.
I mean, there's all kinds ofreasons why, in the traditional
DNS space, names sometimesdisappear.
You know what?
Actually, I'm saying that thatdoesn't happen that often, but
it happened to me, right?
(18:34):
That's crazy, and many of you,if you've been around like me
and my journey in this spaceearly on, you'll know exactly
what I'm talkingabout.
With itcom, right, I boughtweb3.itcom and this is a DNS
domain and, yeah, it's crazy,it's a third-level domain, but
they're an actual, like legitregistry.
(18:55):
They're on Corpbun, they're onGoogle or not Google, but
GoDaddy, dot dot, dot, I meanand they're backed by some big
players, right?
So I saw web3.itcom wasavailable.
It didn't have a premium on it,which I thought was crazy, so I
bought it for 49 bucks and thenI tweeted about it and then the
(19:16):
next day it was gone and I wentthrough my own experience with
that.
Again, I reached out to the CEOthat didn't work out so well,
went public with the issue, thenwe worked it out and I ended up
with cryptocom, which I stillhope to have cryptocom Now, if
anybody is interested in that.
But the point being is that itcan happen, right, you can wake
(19:37):
up one day and your Web2 domaincan be gone from your wallet or
gone from your account this isnot wallets in this case and
yeah, that kind of sucks, right,because even to this day, I
still think I kind of would haverather had Web3.com.
But yeah, that additionalsecurity, you know, no one being
(19:58):
able to just reach in yourwallet and take it out unless
they have access to your keys.
It is definitely, you know,part of the value of Web3 that
theseoffer.
All right, so now, beyondpersonal use, web3 domains
obviously present a lucrativeinvestment opportunity and this
opportunity exists in both SLDsand TLDs and I'm going to kind
of break down where it lies inboth.
(20:19):
So SLDs, especially in some ofthese premium namespaces and
again, if you're already in thisspace, you know this well, you
know which namespaces I'mtalking about.
Just like prime real estate,really desirable SLDs have value
, especially if they align withbrands or they align with
(20:39):
popular user.
Not username, but popular wordsor keywords.
That's the thing I'm trying tosay.
Even names like my name, likewinairdrop right, these are very
popular sayings, a phrase inthe crypto space, and it has
desirability, it has memeabilityand these names, if you're able
to acquire them cheap enough,will appreciate over time
(21:02):
Meaning as people come into thespace, as demand for
blockchain-based domains grows,as inventory begins to shrink up
of premium names, people willstart looking at your name over
and overagain.
Eventually it will create avalue, especially as other names
that are similar in premiumentity or whatever you would
(21:24):
call it.
You know, start to sell right,you'll start to create a market
for them.
So, just like anything else,slds is an investable asset
class.
Again, we've had, you know,things like ENS, summer that
have proven, you know just howlucrative these things can
be.
Also, you know, also, right now, most namespaces in the Web3
(21:44):
space, most namespaces you enterin your investment, will begin
at the SLD level.
In the case of, like ENS and UD, etc.
You're only able to come intothe space as your name or
premium keyword dot, whateverTLD that you're on.
Again, this is great forbranding and even in the free
(22:07):
name ecosystem, like, you couldbuy TLDs.
But, at the end of the day,your usable digital identity,
the one you can set records on,has to be a something dot,
something.
And so, depending on that combo, depending on the ecosystem
that you're showing loyalty to,these are extremely, like I said
earlier, these work extremelywell for branding, right, you're
(22:27):
not only branding your name,but you're essentially branding
exactly how people can eitherget directly to your content or,
you know, send you money, youknow.
And so a lot of businesses wedo think are going to come into
the space because you know thatis going to be.
That's really the only way tobrand in Web3.
The only way to brand, to beknown on Web3, to get your name
(22:50):
stamped on the blockchain, isfor it to resolve or reverse
resolve to a Web3 domain name.
That's just the end of it,right?
So any businesses that areeventually going to be in Web3
will have to at some point,either import their com and
reverse resolve to that orthey're going to have to
purchase their domain name onsome sort of naming ecosystem
(23:11):
and that's going to be onsomebody else's TLD or on their
own TLD.
Right?
That's just the bottom line,right?
That's the way it's going to be.
And if you believe in Web3 andthe growth of Web3, then again
you're seeing down this path ofwhere this is going.
Even though it's not here yet,we know where this is
going.
Now, flipping over to theinvestment potential in the
(23:34):
unique opportunity that the freename does offer is with TLDs.
So we spoke about the structureof the domain name.
Right, we have TLDs, which inthe Web2 space would be your
coms, your nets, your infos.
In the Web3 space, mostcommonly, you know your eth,
your cryptos, your nfts, butthey can also be anythings,
(23:54):
right?
I, for instance, own dgen.
I own exchain .888888, which isfive eights deFi wallet and
more in the free name ecosystem,which is five eights defi
(24:15):
wallet and more in the Freenameecosystem.
Meaning I own the right of thedot and then I can make money or
can self-issue and utilizeanything that is built on a
keyword or, you know, relates toa community, is that it, with
Freename's turnkey system, willallow you to earn royalties
whenever someone registers anSLD
on TLD.
So, for instance, dgen right,dgen is an open registry.
(24:39):
I own the TLD.
I have several names that Ihave self-mended from that TLD
that I utilize.
But anyone is free to go toeither freenameio and type in
the name that they're lookingfor dgen or anybody is free to
go to like my website, and Ihave a direct link where you can
go to a reseller page.
That again, it's like one clickand anybody who has a free name
(25:01):
TLD can do.
But you can go directly to thatpage as well and you can type
in whatever name you want todgin, and if it's available, you
can buy it Right.
No one stop you from doing it.
Don't got to ask for permissionand it will work out the gate
with every free nameintegration Also.
So also, when someone if youown the TLD and someone comes to
(25:26):
your TLD without you knowing,without you driving them there
just by luck, or even if youdrove them there right, However,
they got there.
Once someone does complete thataction of purchasing an SOD
from your TLD, however much theypaid for that SOD, you get 50%
of that in royalties.
It's a massive income streamand we've gone through this
(25:48):
before as far as like all thestuff that you can do on the
backend for management of yourfree name TLDs.
One of those things isadjustment of pricing, so you do
have complete control ofpricing of SLDs.
You can dial it all the waydown to different character
counts, emojis, et cetera, soyou'll know what your customers
are paying or for what any ofyour SLDs work.
(26:09):
But basically, yes, if anyonecomes to your TLD registering an
SLD, whatever price is shownthere, and they pay, you'll
receive 50% of that price as aroyal sheet
forever, right.
And then again, depending onhow valuable and how popular and
how a keyword of the TLD thatyou own, you know, there's also
(26:31):
going to be market demand forthat TLD itself, right, there's
also going to be market demandfor that TLD itself, right.
So there'll be a market notonly for the SLDs on your TLDs,
for people you know who want toalign or build their digital
identity with a cool keyword,but as your TLD becomes more
popular, it itself as a businessnow is an investment because
you can flip the entire thingright.
(26:52):
Somebody else who may want tobuild a different type of
community or has a concept orhas a brand that aligns with the
TLD that you have in yourportfolio, may want to acquire
from you so that they couldbuild from it as well.
And then kind of the secondaryvalue as well too, is with a TLD
you could do so many otherthings I talk about, like when
(27:13):
someone comes to your TLD to net, they get all the utility that
FreeName offers.
But there's so much more that,like you as a TLD owner and I
anticipate a lot of TLD ownersyou know doing you know many of
them are for real going to buildreal communities that have
separate utilities that is veryexclusive and specific to their
domain holders, and I anticipatemore and more of that happening
(27:35):
.
So you're going to see a lot ofdifferent mini ecosystems where
you're not only getting freename utility but you're getting,
you know, custom utility, likein the case of Chili's right.
We have the integration withChili's, the partnership with
Chili's with the chz.
They have their own incentivesfor their own communities, for
their own TLB, and so, yeah,you'll see a lot of cross value
(27:55):
that way as well, but a lot ofinvestment potential again, both
in SLDs and TLDs.
And for lack of anything else,you should obviously want your
domain, but as an investmentopportunity, you should want
your domain as well, and this isa big part of
the why.
Now, tapping into the, you knowsome of the things that we
(28:17):
again, we've got a lot of peoplewho are listening to the space
for the first time.
You know you may be listeningto this opportunity and you know
, may want to be trying tofigure out what are the next
steps, what are the first steps?
As I mentioned before, I dowant to tap in, you know, to how
FreeName and iHe, iheartdomains are trying to help
people enter the space and guideyou to make good decisions.
(28:40):
So, going back to theopportunity at hand, as I just
explained, the ability to createTLDs is the obvious reason for
why Freename adds a lot of valueto the space for ecosystems,
for communities, for whateverreason.
You know that you may need tohave your own naming ecosystem,
whether it is to label a bunchof content that you're putting
(29:02):
out there for publishing.
There's going to again we'rejust at the beginning for use
cases of why people are going tohave blockchain names.
But a free name offers a uniqueopportunity for you to register
and purchase your own TLD.
You simply, if you're lookingfor a TLD, just have to go to
the website type in the TLD thatyou're looking for and it will
(29:25):
tell you what price it is.
And once you pay it, you haveno renewal fees forever and you
have lifetime ownership andlifetime residuals and passive
income.
That is the opportunity thatFreeName provides With
iHeart Domains.
We do these weekly tech talksfor both people who are
professionals and fully engagedin the ecosystem to beginners
(29:45):
who again are looking for aplace to start.
We do these to dive again intowhy, how and the basics of what
you can do with these Web3domain names.
So you are truly not alone inyour journey If you're looking
for you know, not only a way toinvest in this new world called
Web3, but again, if you're abuilder and you're truly just
(30:06):
wanting to exist or simplifyyour interactions or personalize
your experience with Web3,whatever you're here for, you
know we try to provide content,advice and guidance to lead you
along that.
So, um, you know steps to getstarted again.
I encourage you to followeither free name, uh or both.
(30:27):
Free name, and I heart domains.
If you don't already know aswell uh, again, I am a community
manager for the vip communityof.
Already know as well, again, Iam a community manager for the
vip community of uh, free name.
So we are one in the sameessentially.
But following us or followingfree name directly will get you
in tune with bothour ecosystem.
Anybody in our ecosystem issuper friendly.
We'll show you how to mint thetld or myth and sld.
(30:48):
We'll help you get startedagain.
As simple as going to thewebsite, typing in the name that
you're looking for whether it'sa TLD, and for a TLD, obviously
you'll see just a result withthe right of the dot.
If you're typing in your namedot someone else's TLD, then
you'll see that as well.
Once you purchase or mint yourdomain name, it's ready to use,
(31:11):
right, it's ready to use out thegate with all the free names,
different integrations and, aswe spoke about last week, these
domains are multi-chain, so youare able to mint them to one of
any of eight chains, includingPolygon Binance, which is BNB
chain.
Solana Chili's is also ablockchain that you choose, and
(31:34):
we've got many, many more coming.
So, yeah, as we look ahead,right for those of you that
already have a portfolio ofdomains, or if you're stacking
up a portfolio of domains rightnow and you're looking at what's
in the future, right Again,web3 is at
its infancy.
Web3 domains is at even more ofits infancy.
(31:55):
We're dealing with a fractionof people now that understand
the value of this right and asmore people start coming into
space whether it's through news,whether it's through meme coins
, whether it's through actualapplications, whether it's
through just apps that make iteasy for them to do something
silly or stupid, whether it'sthrough a game or gambling I
mean, I met somebody who waslike a grandma and she uses
(32:16):
crypto, but it's just to playpoker, right, no matter what
reason it is, as these reasonsbecome more mainstream, more
popular, more integrated intomainstream society, we will get
more adoption.
More and more of these peopleare going to face the exact same
problem.
It's that they are going toneed to share, remember and deal
with and interact with thisblockchain address.
(32:39):
That's just not personal andand I want to I definitely want
to clarify something as well,too, because it's not just
you're replacing your blockchainaddress, right like the, the
utility of web3 domains.
It spans way beyond that, evenat its infancy, as
it is.
Now, you get an entireinterface to manage your
(33:00):
identity, which is somethingthat you don't get when you
create a blockchain.
When you spin up a wallet andyou create your 0x address,
that's all it is.
People are still able to typeit into or copy it into an
Explorer and they can see theassets that are inside of it,
but they're not really dealingwith a friendly UI and they're
certainly not dealing with a UIthat you controlled or that you
(33:21):
curated right.
They're not dealing with anyrecords you put there.
They're not dealing withanything that shows you as a
person or your accomplishmentsor achievements.
You just see balance andsomebody can hit a dropdown
button and see your NFTs and seeyour tokens and that's it, and
see like when you transferredsomething or stole money from
somebody, like that's it right,that's again, that's your
(33:44):
identity, right.
When you enter the space,unless you connect a Web3 domain
to it, that's your identityMost Web3 domain
naming platforms.
Again, the second, that youpurchase a domain and you
resolve it to this wallet.
You not only get that function,but then you get their UI and
their interface to actuallycreate a profile, and that by
(34:05):
itself it adds extreme valuebecause now that's something you
can share in public when you'remeeting somebody on the go, and
now when they go to see yourinformation, they're not just
seeing a bunch of transactionsand hitting the dropdown box and
seeing some NFTs and blah, blah, blah.
They're able to now see whatyou've curated and put there.
In this case, you're able toattach avatars.
(34:27):
If you want to put yourfavorite PFP as your identity
Because, again, pfps areidentity, A lot of them are.
If you want a board ape and youput that as your PFP, people
know what that is that come witha little weight.
Same thing with especially withthe crypto pump and quite a few
others.
Right, we have little microcommunities that have culture
and all that good stuff.
(34:47):
You get my point.
That's a part of an identitythat people will see that you
can add to your records If youwant to assign a website or
anything like that to yourdomain, if you want people when
they come into your wallet andthey're being all nosy when they
see your profile, they see anyrecords that you want
to set.
Put a domain there so they can,or web2 domain so they can go
see some content and actuallybuy something you know.
(35:09):
Put links to songs, put linksto your catalog, to your comp,
anything right?
The point is is that as moreadoption comes into the space,
as we have more raw users whoare just sitting here with an
unusable, unshareable websiteaddress or not website address
but a 0x address, they'renaturally going to be attracted
to the concept of humanizingthat with a name.
(35:30):
And, with that being said, weare again a very small fraction
of the people that are going tobe in this space.
When there's millions andbillions of people and that's
just people, right I think thedemand for premium names is
going to go sky high.
And then when all these peoplecome into the space and then
they start needing to name andkeep track of things that
(35:51):
they're creating and doing inthe space, naturally, I mean
some people think that they'regoing to spin off like people
will just spin offwith thirds.
I don't see the point there.
I think naturally people aregoing to see value in the TLD
space, to be able to create andlabel things and create kind of
their own.
You know trackable, verifiable,interconnected Web3, you know
(36:15):
ecosystem of things that they'reputting out there.
Again, if you're creatingthings, you're putting things
out there, it's got to be namedand it needs to trace back to
you if you want it to countright.
So that is where there'sextreme value in
the space.
Again, I think we are justright at the bottom of the cliff
of it and we're about to scaleup the mountain and that's why
(36:35):
now again is a time to gain,even for those who are new,
hearing this for the first time,even for some of those who may
feel like the opportunity, youknow, to acquire some of these
premium domains may be pricedout.
It is worth.
Even for those premium domains,it is definitely worth looking
into.
But again, the ecosystem andthe amount of people who are hip
(36:58):
to it and privy to it right nowyou're still in a bubble, right
, and there's still a lot ofpremium inventory out there to
be minted, to be held in yourwallet, and so, again, the time
is now before the masses get tohere and before it gets super
obvious.
I'm going to stop rambling herefor a second.
Speaker 2 (37:18):
I've got a special guest on stage, Paige.
What's going on, sir?
How are you doing?
Good morning.
Speaker 1 (37:27):
Well, it's a good morning.
I'm buying some domains, so I'mfeeling pretty good.
Yes sir, yes sir, glad to haveyou here, as always.
I don't know if you caught themajority of the space, but we're
talking about why should youeven own a Web3 domain name?
Why, in your opinion, do youthink we should own one?
Speaker 2 (37:43):
You shouldn't Leave them all to me.
Let's see why should you own?
You have to make up your ownmind.
Did I share the analogy of thehorses sniffing the feed bag?
How's that for a morning imagefor you?
Speaker 1 (37:59):
Yeah, sure, there you go.
Speaker 2 (38:03):
So then I read this metaphor.
I actually Googled how toexplain something new to
somebody.
You know what I mean.
And there's this concept ofhorses.
Think about horses.
You got a bunch of horses andsay you walked out there with
the feed bag, you've got foodfor the horses.
It's good, it's good food.
You know what I mean?
They've never seen a feed bagbefore, right?
(38:25):
So each one of the horses hasto come up and I'm not calling
the audience horses here but hasto come up and sniff the feed
bag and determine if it's a goodor bad thing, should it be
scared of it?
And it's not like one horse cansniff it and turn to the other
(38:46):
ones and say, hey, it's all cool.
Everybody, every horse, has tosniff it themselves.
You know what I mean beforethey'll start eating of the food
.
So I think about this when Ithink about telling stories
about new technologies.
Everyone's got to get to thatmoment where they kind of see it
clearly for themselves with howit fits within what they're
(39:08):
trying to do.
And here's where Web3 fits withwhat I'm trying to do.
Web3 fits with what I'm tryingto do.
I want to be aware of newtechnologies.
I am not saying Web3 domainsare Bitcoin, but you could have
(39:29):
done a lot worse than at leastbuying $10 worth of Bitcoin 11
years ago.
You know what I mean and I wantto be aware of these new
technologies, and the only wayto really understand something
and be aware of it is put somemoney into it.
And so I want to know what itfeels like to own a Web3 domain.
So that's why I signed up withFreename, open a free account,
(39:50):
find a name in one of the TLDsYou'll hear people talk about
today, find a name in one of thetlds you'll hear people talk
about today, or rename has dotmetaverse and dot moon, you know
, spend as little as two dollarsand fifty cents, or five
dollars or ten dollars, and thensay what can I do with this?
And and I would just compare itto zero, I would, I would not
(40:11):
compare it to a web2 domain, oh,but, but it doesn't resolve.
But what if other people getone?
Compare it to Xero.
Does this have aspects that maybe used in the future?
And I think, wynn, you justtalked about it it's a different
way of connecting with apps, oras we call them, dapps, than a
(40:34):
username and login, whichdoesn't work anymore because you
have to log in and then youhave to have two-factor, and
then you have to get a text, andthen you have to get your phone
and you got to put in a code.
And I just think this simpleconcept of you having a wallet
and the wallet having assets init and dApps being able to
(40:58):
interact with your wallet todetermine only the things that
you allow them to know, and whenyou're in this digital world,
you're not yourself, the more Ithink about it, it's probably
the most important thing I canshare with everybody.
Facebook and Google and Twitterwant you.
(41:21):
They want to market you, yourreal identity.
They want to know who PageHowis.
They want to know if PageHow ison their website so they can
profile PageHow and sell me toother advertisers, so they can
profile PageHow and sell me toother advertisers.
(41:44):
I don't mind in the digitalworld that I give some websites
and some apps selectiveinformation about me based upon
a single digital identity that Icreate, that I control and that
I decide what they can do with.
That's the world of digitalidentities.
When you're online, you'redigital.
You're not yourself.
(42:04):
You can't jump into theinternet, you can't jump into
digital.
So why do I buy Web3 domainnames?
To understand digital, tounderstand digital non-internet,
which is nodes and servers, andI think Minecraft was probably
the biggest gateway into thisworld of digital non-internet.
(42:24):
You know what I mean.
I see the Minecraft moviescoming out.
And then, secondly, you give methe power to own my TLD, where
I'm not buying other people'sdomain names and hoping that
they're going to make money forme or that I'm just a consumer
giving them my money forsomething that has value or, as
(42:47):
we all agree, may not have a lotof apparent value right now.
Now you tell me that I'm theseller and I can paint a picture
of the future, of what theseWeb3 domains can be worth, and I
can sell them and get half therevenue.
That's a party I want to be in.
That's what no one's ever giventhe individual investor is the
(43:09):
ability to own a TLD.
So long answer to a shortquestion when I think about it
every day, but that's my storyand I'm sticking to it.
Speaker 1 (43:18):
Now I'm loving it and always appreciate your, your
input.
Um, I have a question, um, andI just pinned something to the
top of the space and I don'tknow if you've had a chance to
see it, but you'd be the perfectperson to ask your input.
Um, dynadot recently sent out ablast and um blast and, like I
(43:40):
said, I pinned the link to theblog and we covered this a
little bit yesterday during theWeb3 domain workshop.
But they've obviously they'veintroduced the bana TLD.
I haven't done much research onthe TLD itself.
I just got alerted to what BANAis.
I guess it's a coin also in theWeb3 space, but I haven't
researched it much as the TLD asfar as like whether it's DNS
(44:03):
and already resolved, blah, blah, blah, but they're entering it
into the Web3 space.
And it was super cool because,like they wrote this entire like
very comprehensive blogbasically shilling the value of
Web3 domains and like theopportunity that exists in the
space.
And they came from kind of avery Web2 perspective, like
(44:23):
almost as a guide for people whoare already investing in Web2
domains for how and why and inwhat way they should enter this
space.
And I saw it as curious because, you know, as I said yesterday,
you know they I mean they don'tsee us as a threat to their
space.
Our domains don't work the sameright.
So, um, you know that in and ofitself, like them, entering the
(44:45):
space shows to me right, justlooking forward that they see
value in what web3 itselfpotentially has to offer and
what these names can dospecifically in our space.
Ie what I'm shouting from therooftops every single day anyway
, that these things have morevalue as digital identity than
anything else.
But the long way of asking myquestion is have you had a
(45:07):
chance to read the above blogand what are your thoughts about
it?
Am I being too bullish or am Iright on track?
Is you know a lot of the Web2players starting to see the
value you know, or anotherpotential income source from
entering our space and sellingdigital IDs?
That was a question to you,paige.
Speaker 2 (45:34):
Sorry about that.
I probably spent 10 to 15 hourstalking to the Dynadot team
about Web3 domains.
Like most companies in ourbusiness, they act like they're
listening and then they go starttheir own product.
I love the blog.
I thought it was seemingly highlevel.
(45:56):
It painted a picture of all theprospects of Web3.
And then, you're right, becauseof, somehow, dynadot's
affiliation with vana, it saidgo buy a domain name that costs
you $2,000 a year.
Listen, it said go buy a domainname that costs you $2,000 a
(46:16):
year.
Listen, I don't know if Web3domains have value, but I'm
going to play around with $2domains and $5 domains and $20
domains and maybe $1,000 TLDsand $5,000 TLDs.
I'm not buying a single domainname for $2,000.
You tell me it comes with$10,000 of coin.
(46:36):
Maybe I'll get interested.
But the Vanna TLD is one of aseries, in my opinion, of what's
called brand TLDs.
This was originally offered toJapanese customers of a company
called Vanna.
It's being repurposed, it lookslike, by a longtime.
(46:58):
You know experienced companycalled D3.
And their theory is you know,if this stuff is so awesome,
charge a huge price for it.
I guess.
But it was very cryptic as towho owned it, who wrote the post
.
It just looked schlocky to me.
You know what I mean.
(47:18):
I don't know.
They lost me at $2,000 a year,I guess.
But I liked everything theysaid about Web3 domains.
Speaker 1 (47:28):
Yeah, that part.
The obvious is that whoever isadvising them or guiding them
into the space is definitely notaligned with the way the space
works.
Speaker 2 (47:38):
But there's no doubt, gwyn, that if you want to have
an ICANN TLD, people still thinkit's worth a million dollars.
Otherwise, why would theyinvest $400,000?
$250,000 for a fee, consultants, $25,000 a year that's what it
(47:59):
costs.
That's what you have to payICANN to have an ICANN TLD.
And if you're a multimilliondollar company and you want to
launch something, you're like,yeah, let's go for the biggest,
let's go for it.
You go get other people's money, you raise $5 million and you
launch a TLD with Web 3 and Web2 aspects I understand that
(48:23):
business model and you shoot forthe moon and you spend $50,000
or $100,000 a month marketing it, a month marketing it.
Right, I don't have that money.
I don't.
What can I do?
I can marketsummer and I canmarketv.
Yeah, I hope they're worth $5or $10 million someday.
(48:45):
But I'm going to have to startat the bottom and I just think
that's where most goodtechnologies start is.
I've got to convince.
You can't have a thousand userstill you have a hundred.
You can't have a hundred tillyou have one.
You know what I mean.
And that's different thanhaving so much money that you
can, you know, buy blogs or dowhatever it takes.
(49:06):
You know what I mean and andbuild a bigger company.
There'll always be biggercompanies competing against us,
but this is the only spot I canplay in.
You know what I mean.
So I think you'll probably see10 more of these vanas.
But with WebUnited Freenames,partnership with ShortDot, you
(49:30):
can take any domain name thatyou have already in Web2,
pagehowcom.
I can transfer pagehowcom toDomain Cost Club for 20 bucks a
year, I think.
Add Web3 aspects to it, or Ican do it right now with my WS
or my ICU or my CU, and I canstart to experiment on what it
(49:52):
means to be a Web3 domain.
So I just think there's a lotof other ways to do everything
they said in the blog besidesvana, and this is the problem.
I'm going to keep going here,but this is the problem our
industry has had forever is wewant to selectively give
information to a small group ofpeople to sell our product, and
(50:12):
I've always been the opposite.
If you've heard me on this showfor the past year and a half, I
try to give you an overarchingpicture of what I think the
whole space is about.
For you to decide what you wantto do and that's the only way I
know when is to do that is notjust to say this is my product,
(50:32):
it's best Buy it.
This is my product, it's bestBuy it.
This is my product, it's bestBuy it.
You know what I mean.
But if all we do is informpeople only to the extent that
they'll buy a single product,then we're not helping anybody.
Anyway, that's my take.
Speaker 1 (50:49):
No, man, thank you for that, and I completely agree
with that last take as well,and even speaking about that.
And so, yes, obviously thenature of imposing this was an
agenda.
However, there's still value inwhat they produced and here's
what I'm hoping from this right,what I'm hoping from this right
(51:12):
.
So, again, we've progressedfrom these are stupid to you
know, building a bridge wherewe've been able to tokenize them
, to now, you know, whole TLDscoming into the space and
creating these partnerships.
And shout out to D3, like D3 isout there grinding Again.
You know a lot of competitorscan cover ground for you.
Right, they're out here reallypushing the narrative for brands
(51:42):
to to bring I can tlds into ourspace and this is what I'm
hoping this will do.
Right with this whole layout.
Right with basically them, themputting out the, the, you know
the investment plan for webthrough domains.
Most people, as you explained,are on the same level as us,
right, like, obviously,corporations, registries.
You know they already have theTLDs, the millions to register,
or, you know, get more TLDs toauction.
But the average person that'slooking at an individual
(52:04):
investment opportunity ain'tgoing that route.
Like you don't own a Web3 TLD,you're not bridging one into
Web3.
Speaker 2 (52:11):
Right.
But, wynn, like you say,they're painting a picture in
the stars.
What they're basically sayingis it could be worth it for a
corporation if they want toaccept money.
Because, remember, walletsaren't just for sending money
with you as a sender, they'refor receiving money.
So say, you're a company andyou're going to do an NFT
(52:31):
project and you're going to takein a million dollars, yeah, a
wallet could be worth $2,000 ayear just to have a wallet
address to do it.
You know what I mean.
So it's painting a picture ofthe ceiling, of what these
things could be worth.
And then the way I look at thecurrent pricing of most programs
is they factor in theuncertainty and then they find a
(52:55):
market price, an equilibrium.
You know what I mean.
And the fact that Freename issold and I'll just talk about
Freename here, that's, who'ssponsoring the show that they've
sold 15,000 TLDs means they'vefound an equilibrium between
what people are willing to pay.
Now, given all the uncertainty,you're almost guaranteed that
(53:19):
the TLD you buy on Freenameright now is not priced at what
you're buying it for.
What I mean by that is I thinkI paid $3,500 for Dot Summer.
I think it's either worth $5million or there's a world where
it's worth zero, but at least Idon't have renewals.
You know what I mean.
So I know what my maximum lossis right, but, yes, anyone
(53:44):
listening to this call you couldbe vana.
Now you say, well, they have Web2, and right now they have Web
2, and we have Web 3.
Okay, but you know what, if youbuild your community in Web2,
and right now they have Web2 andwe have Web3.
Okay, but you know what, if youbuild your community in Web3,
something will happen down theroad where you'll have Web2.
This is not financial advice.
Don't say PageHouse said thatall Web3s will be Web2.
(54:05):
You know what I mean.
But let me tell you, the firststep is to build demand.
This concept I'm going to go offon a rant here this concept
that just because you makesomething available on the
internet that everyone can seeand resolve makes it worth
something, is ridiculous.
Because just in the past threeyears, since I've been seeing
(54:26):
Web3 projects come available,there's a lot of them that have
come out and they were worthspeculating on in case they
worked.
But as soon as that renewalhits, goodbye.
You know what I mean, becausethey, they, they've just said
we're out there, so we should beworth money right when?
I mean, we've seen them, we'vehad them on podcasts before, and
(54:51):
just the fact that you're theredoesn't mean you know you're
worth something I don't know.
Let me get to this one, becauseI do want everyone that's in the
Q&A chat on Telegram so youdon't have to be a VIP to be in
the Q&A chat.
I'm going to be sharing inthere my journey with summer and
(55:13):
v, and if you go in there,you'll see how I built a single
webpage on web two on Dynadot,with a free one page website
that I linked to my free namereseller or I could have linked
to my free name affiliate, or Icould have linked to my free
name affiliate, and I'm doingsomething right.
(55:34):
I'm doing something and I justencourage everyone to do the
same, all right.
Speaker 1 (55:40):
No, that's perfect and you're landing right on the
point that I wanted to make,because that's what I'm saying.
If Dynadot sells this rightBecause again, this is all
purely from a Web3 perspectivethat they're that they put this
investment opportunity out here,so they sold Web3.
If Dynadot sells this and againthe level most of us can't
(56:04):
enter with a Web2 TLD and bridgeit into Web3.
If the only way for people toenter is through, you know, the
avenue of free name, and ifthey're seeing on the other side
, success stories like yours,like mine, with dejan and
beefiowa, like usa, like that,that TLD is gone, like that's
gone parabolic.
(56:24):
There are quite a few TLDs inthe Freename ecosystem that have
more than paid for themselvesand many more are coming when
they start seeing that Avenue.
That's my hope, right Is thatthis drives people down that
road to start acquiring theirassets or even starting to look
at, you know, acquiring fromsecondary some of the premium
TLDs in the freemium ecosystem.
(56:44):
So that is why I as a whole wasvery bullish in, you know,
again you know, good luck tothem entering the space with dot
Vanna, but extremely bullishwith this blog that they put out
there, again, you know, eventhough it was serving their
self-interest, still put a lotof solid information in and you
know, people who are looking foran opportunity aren't going to
(57:06):
be looking at just.
You know my name, dot VannaRight.
This spelled out that the realopportunity here is being dot
Vanna.
Name dot vanna right.
This spelled out that the realopportunity here is being dot
vanna and hopefully this willdrive more people in that
ecosystem to start looking atthat opportunity because it's
real right.
There are real examples of howwe've made money and how it's
continuing to grow and and howweb3 domains themselves are
(57:26):
continuing to to build relevanceand continuing to be a tool
that will have value as Web3continues to expand.
I'm actually going to get readyto wrap up.
This was a great space.
Thank you, paige, for coming on.
In 30 minutes we are going tobe hopping on the Web3 Domain
Well Talk with Freename, as wedo every Friday, so I do invite
everyone to circle back and toattend that.
(57:49):
Again, I want to remindeverybody that our integration
with MetaMask via MetaMask Snapis now live.
So, yeah, all of our domains inthe Freename ecosystem, if
you've got your record set onthem with one simple plugin, you
can now use with MetaMask.
So, again, every single day,somebody's out there building to
make these domains whether it'sin their ecosystem or someone
(58:10):
else's ecosystem more usable andmore valuable in this space.
But we're right at the bottomof the mountain.
So the opportunity is there'sno better opportunity than today
, the day that you heard aboutit.
Again, why should you want toown a domain name?
In addition to using it and forit being you know, your all-in
digital identity then again willhave you know prices, value.
(58:32):
There's an extreme opportunityhere, for both passive and just
straight up.
You know the ability togenerate some good flippable
income with TLDs and both SLDs,depending on the ecosystem.
Thank you, everybody for tuningin to our Tech Talk with your
domain workshop.
Again, do this every Friday.
It's sponsored by Freename.
This is a mirror of ourThursday workshop for our VIP
(58:54):
community.
And, yeah, happy, demanding andfocus on your mission, not your
condition.
See you guys in 30 minutes onFreename's channel.
no-transcript.
(02:30):
As usual, going to pin a couplethings to the top of the space
and then we will get right intoour tech talk.
You All right?
(03:18):
All right, welcome to our TechTalk podcast.
This is a live discussion werecord weekly here on X where we
highlight news, innovation,education, alpha and business
development within the Web3technology and digital identity
space.
I am your host, marcus akaWinAirdrop, founder of
iHeartDomains and communitymanager at Freename.
(03:39):
We are your number one resourcefor unbites, web three and
blockchain domain educationalcontent, with over 100 tech talk
episodes and YouTube videosproduced and archived over the
past two and a half years.
(04:00):
Iheartdomainscom or you cansearch for prior recordings in
podcast format if that's how youprefer to listen on every major
podcast player, including ApplePodcasts, spotify and iHeart
Radio, and you can find thateasily at techtalkhost.
As usual, I'm going to open upwith some brief opening news.
It's actually kind of a repeatof last week's opening news.
(04:23):
It's still, you know, thepretty big and dominating news
as far as our space is concerned.
And it's just to re-remindeveryone that the free name
MetaMask Snap integration is nowlive.
That means that with a simpledownload of a plugin into your
existing MetaMask wallet, youcan now resolve basically every
(04:43):
free name domain that exists inthe ecosystem as long as
somebody set their records on.
It will also resolve ENSdomains, which already resolve
natively within MetaMask.
But just to give you an exampleof how our resolve works.
And it will resolve unstoppabledomains.
So it eliminates the need todownload multiple snaps into
(05:05):
your Minibask.
It is one snap to rule them all, and then, of course, other
naming services will beintegrated in shortly so that,
yeah, you'll truly not have tointegrate really any other snap
again.
Beauty of Freename and we'vetalked about it many times is
(05:26):
that most of the things thatthey built, most of their tools
and resources and plugins, areboth multi-chain and multi-name
service in order to create kindof an interoperable space.
And again, for those of you whojust want access to everything
at once, check out Freename'sMetaMask Snap.
And, yeah, just to simplifythat again, set up a plugin, go
(05:47):
to MetaMask.
You can send cryptocurrency nowto names like yournamedgen or
mynameexchange.
And speaking of DGEN andexchange, I always like to open
the space by re-remindingeverybody.
The registry is open for theTLDs on Freename dgen, xchain,
.88888, and defiwallet, amongmany others but these are our
(06:12):
premium TLDs that we own withiHeart Domains.
Every mint supports us, helpsus keep going.
Also, you get all the valuethat Freename is currently
providing and is looking toprovide in the future.
Again, integrations likeMetaMask, snap, all these
different innovations make ourdomains worth more and more each
day.
So just a real reminder thatour registries are open.
(06:33):
If Freename does have anyexisting coupons, our domain
registry is accepting thosecoupons.
So we have not opted out ofthose discounts, so that's a
good thing as well.
So any coupons or specials orany discount codes that you have
available that work in the freename ecosystem will work for
our domain TLDs, and that meansyou may potentially be able to
(06:56):
get a forever name for as cheapas $5.
And again, our domains on anyof these extensions have no
renewals.
All right, let's hop into themain discussion.
This is our Web3 DomainWorkshop inspired tech talk.
The topic, as you can see, iswhy does everybody need a Web3
(07:17):
domain name?
First and foremost, I do wannaopen up with you know why we do
these, what the Web3 Domainworkshops are.
These are sponsored in part byFreedName.
We do these workshops each weekand have been doing these
workshops for the past couple ofmonths Each week in order to
deep dive and highlight intodifferent ecosystem again
(07:39):
utilities, some of the basics ofhow Web3 Domains work.
Why should you want one, how,why should you need one, how to
use one, how to profit from one.
All those good things.
Again, breaking down both thebasics and getting into some of
the complexities of theecosystem so that ultimately our
investors, you know, know theirinvestment inside and out and
(07:59):
can, you know, be more effectivein onboarding other people or
building and creating valuebehind their
TLDs.
As I mentioned in each one ofthese tech talks, even though
you know, majority of thecontent that we're going to be
speaking about is Freedomecosystem specific.
As I mentioned before, most ofwhat Freedom has built and is
currently still building ismulti-chain and multi-name
(08:22):
service.
So a lot of what we are talkingabout not only benefits the
pre-name ecosystem but it alsobenefits those who are in the
Web3 domain space as a whole.
So it doesn't matter if you'rebullish on ENS, if you're
bullish on UD, if you're bullishon SNS, doesn't matter which
domain ecosystem you're bullishon.
We hope that these Web3 domainworkshops can provide value to
(08:42):
you and that you can takesomething away from
them.
So, again, we do these live asa utility to our VIP community.
Every single Thursday we hostthat in Google Meet form.
So if you are a member alreadyin the free name community and
you are a VIP, you already knowwhat I'm talking about.
If you haven't shown up yet,please tap in.
But we discuss this samesubject live, and it's also an
(09:05):
open space where our VIPs canbring up anything, but usually
we're able to dive into itscreen share, et cetera.
And then, of course, we do thisversion of VMI Tech Talk on
Friday so that everybody cankind of get some of the alpha
that was shared, and we've divedinto quite a few things again.
That, I think, provides quite abit of value.
So, again, every Thursday inour VIP community, every Friday,
(09:30):
we do these here during ourtech talks
Also.
The second thing that I like todo as a prerequisite, I guess
you would say, or as a pre-thingbefore we get into the subject
at hand is I do like to geteverybody on the same page.
We record these here live on X,but our distribution does go a
lot further than here.
Again, these episodes do end upon YouTube and they also do end
(09:53):
up on every major podcastplayer, and so a lot of people
that are listening to this maybe listening to this and hearing
what these are for the firsttime.
You're going to hear names andwords that are extremely
familiar to you, like domain,and for most people, especially
most adults, when you hear theword domain name, you're
thinking about those dot coms,those dot nets, those dot IOs,
(10:13):
the things that you can type toyour browser that will take you
to a web page where you can thenscroll and then do what you got
to do.
These are similar to those instructure, but in technology,
what we are talking about is aWeb3 domain, aka digital
identity.
Just as you know, whatever itis, dot com takes you to
(10:34):
whatever content is linked to itIn Web3, when you create a
wallet or when you create asmart contract or you create
anything that's on theblockchain, it will generate a
blockchainaddress.
That blockchain address looksvery similar to an IP address,
meaning it can't nobody rememberthat thing right.
So, just like you have to typein blahblahblahcom in order to
simplify that IP address, to getthere here, in order to resolve
(10:57):
a route to a blockchain addressor to become identified as your
blockchain address, you canpersonalize them with Web3
domain names, which take thesame format your name, dot,
something, something.
In this case, the most popularecosystems are eth, nft, x, dgen
, among many others.
But yeah, just to clarify, web2domains are those things that
(11:20):
resolve the websites, emailaddresses, all that good stuff.
Web3 domains what we aretalking about here working a
blockchain environment andresolve the blockchain addresses
and the records that are set onthem.
So just like to clarify thatbefore we dove into it
now.
Yeah, without further ado, I'mgoing to dive into the workshop
why everyone needs a Web threedomain name.
(11:43):
This is actually going to belike kind of a and again, like a
lot of these workshops are backto basics, and I think this is
a good refresher to get us all,you know, kind of on that same,
that same platform or that samepage of why we're here to begin
with.
And I say that because, likewe've gone through several
different cycles.
(12:03):
You know, many of us have beenable to make money from our
names, but some of us aresitting on a big bag of names
and kind of have lost focuswhile we're in this space to
begin with.
And I think, when youunderstand where the market is
going with the differenttechnologies that are being
invented that we've discussed inlike a lot of detail yesterday
(12:25):
through a hundred spaces, butlike things like AI coming into
play, especially with all theagents out there with different
things that are being named onthe blockchain.
Rwa is being placed on theblockchain.
When you start seeing, likekind of how this space is
growing, then you understandalso at the same time, like why
everyone or everything needs adomain name.
(12:45):
You'll really understand whereyou fit in this market and the
level of opportunity that trulyexists.
So, yeah, today we are going todive into that topic.
I'm going to explore some ofthe personal and investment
opportunities in the space.
We're going to talk about bothSLDs and TLDs and I'll break
(13:06):
down what those are as well.
Again, a lot of people arehearing this for the first time,
and then I'm also going tohighlight how platforms like
Freename, amongst others, and,like us, iheart domains, are
pioneering this revolution andhelping onboard people into the
space.
So, again, to kick things off,I once again want to break down
(13:27):
what Web3 domains are, how theydiffer from traditional domains.
Again, in the traditional web,we have domains like examplecom,
where com is the TLD, whichstands for top-level domain.
Example would be the SLD, whichis your second-level domain.
Web3 domains are, however,different in their technology,
that they're decentralized andthey're stored on blockchain
networks, and they offer quite abit of different benefits as
(13:52):
opposed to Web2 domains.
I'm not saying that younecessarily should like live in
fear that your Web2 domain isgoing to be taken from you or
shut down or is going to stopworking, but it has happened to
several people.
Right, it does happen, and Web3domains obviously offer
immutable ownership.
They're NFTs.
The records and things cannotbe tampered with.
(14:15):
If you build something on it,no one can move it Not your keys
, not your crypto.
Same thing works in the Web3domain, so it offers substantial
amount of security and, ofcourse, like I said, a greater
degree ofownership.
Why should you, as anindividual, care about owning a
Web3 domain?
Well, again, and this is what Iexplained yesterday in its
(14:36):
simplest form, right, if you'regoing to exist in the space, you
need an identity, and youridentity when you exist in the
space is your wallet address.
Anytime you need to interactwith something, log into
something, ask somebody to sendsomething to you, you either
have to copy and paste thiswallet address which cool if
you're, you know, willing to tryto remember that and you want
(14:59):
to tattoo that on your back orwhatever.
Make merch with it or whatever.
If you're in love with yourzero X address, go for it or
whatever, and make merch with itor whatever.
If you're in love with your 0xaddress, go for
it.
But most people obviously seethe value in being able to
simplify that into somethingpersonal that they can not only
easily give to people somethingeasy to remember or in some
cases it's just straight uptheir name but also something
(15:19):
that they can brand with.
So to bring it back down,simplify transactions.
Instead of having to copy andpaste your 0x address and hope
nobody messes it up or screws upa digit, you can use a human,
readable name like Marcusdgen,and it makes it again more
user-friendly, makes it moreopen for adoption.
(15:39):
How are we going to bring otherpeople into the space if we're
making it difficult?
And then now, with that sameMarcusdgen replacing my wallet
address, I can start using it asmy username, so that it becomes
my digital identity.
And it does a couple of thingsright.
First, it becomes now my newusername, so it serves that
(15:59):
purpose, but B at the same time,I'm literally branding where
you can send me money.
I mean, I don't know how mucheasier to make it than that
right.
Each time you're sharing yourdigital identity, you're giving
away for somebody to donate toyou to verify
anything.
Again, there are so many thingsthat you can link to these, and
(16:22):
one of the things that we spokeabout yesterday is like I see a
future so far down the line forwhere blockchain is going and
hence digital identity can gowith it.
That's ridiculous, and a fewyears ago, we predicted where we
would be now.
So digital identity definitelyhas not met anywhere near its
(16:46):
peak.
We are just at the tip of theiceberg when it comes to utility
every single day.
Uh, you know, blockchains arepopping up.
Applications are blockedpopping
up.
The concept of digital identityis completely integrated within
web3.
I've mentioned before as well.
You know our, our adoptioncurve is going to come outside
of our bubble.
Inside the bubble of Web3completely gets Web3 domains
(17:09):
Like.
Almost every builder in thisspace has some sort of Web3
domain, whether it be from us,ens or UD, right?
So my point being is that weare at the very beginning.
Digital identity has so manyuse cases that we haven't even
thought of yet, and these willserve as your universal username
across all the things that willcontinue to be built on the
(17:30):
blockchain.
And then, of course, you've got, you know, the security of
being able to own your namewithout it being able to be
taken from you or seized fromyou.
So, what?
A lot of people say that anidentity can't truly be your
identity unless you really ownit right, unless no one can take
(17:52):
it from you.
And in the case of again, inthe case, again with free name
and I know there's some otherecosystems that have the same
model, but with their, you know,buy once, own forever, no
renewals you truly do get to ownthem forever without you know
ever having to worry about themdisappearing from your wallet,
unless, of course, the securityof your wallet is not intact
(18:12):
Again, a lot more secure thanyou know, trusting a centralized
registrar not to, either, youknow, lose your name or, you
know, find a reason, or by lawor something.
I mean, there's all kinds ofreasons why, in the traditional
DNS space, names sometimesdisappear.
You know what?
Actually, I'm saying that thatdoesn't happen that often, but
it happened to me, right?
(18:34):
That's crazy, and many of you,if you've been around like me
and my journey in this spaceearly on, you'll know exactly
what I'm talkingabout.
With itcom, right, I boughtweb3.itcom and this is a DNS
domain and, yeah, it's crazy,it's a third-level domain, but
they're an actual, like legitregistry.
(18:55):
They're on Corpbun, they're onGoogle or not Google, but
GoDaddy, dot dot, dot, I meanand they're backed by some big
players, right?
So I saw web3.itcom wasavailable.
It didn't have a premium on it,which I thought was crazy, so I
bought it for 49 bucks and thenI tweeted about it and then the
(19:16):
next day it was gone and I wentthrough my own experience with
that.
Again, I reached out to the CEOthat didn't work out so well,
went public with the issue, thenwe worked it out and I ended up
with cryptocom, which I stillhope to have cryptocom Now, if
anybody is interested in that.
But the point being is that itcan happen, right, you can wake
(19:37):
up one day and your Web2 domaincan be gone from your wallet or
gone from your account this isnot wallets in this case and
yeah, that kind of sucks, right,because even to this day, I
still think I kind of would haverather had Web3.com.
But yeah, that additionalsecurity, you know, no one being
(19:58):
able to just reach in yourwallet and take it out unless
they have access to your keys.
It is definitely, you know,part of the value of Web3 that
theseoffer.
All right, so now, beyondpersonal use, web3 domains
obviously present a lucrativeinvestment opportunity and this
opportunity exists in both SLDsand TLDs and I'm going to kind
of break down where it lies inboth.
(20:19):
So SLDs, especially in some ofthese premium namespaces and
again, if you're already in thisspace, you know this well, you
know which namespaces I'mtalking about.
Just like prime real estate,really desirable SLDs have value
, especially if they align withbrands or they align with
(20:39):
popular user.
Not username, but popular wordsor keywords.
That's the thing I'm trying tosay.
Even names like my name, likewinairdrop right, these are very
popular sayings, a phrase inthe crypto space, and it has
desirability, it has memeabilityand these names, if you're able
to acquire them cheap enough,will appreciate over time
(21:02):
Meaning as people come into thespace, as demand for
blockchain-based domains grows,as inventory begins to shrink up
of premium names, people willstart looking at your name over
and overagain.
Eventually it will create avalue, especially as other names
that are similar in premiumentity or whatever you would
(21:24):
call it.
You know, start to sell right,you'll start to create a market
for them.
So, just like anything else,slds is an investable asset
class.
Again, we've had, you know,things like ENS, summer that
have proven, you know just howlucrative these things can
be.
Also, you know, also, right now, most namespaces in the Web3
(21:44):
space, most namespaces you enterin your investment, will begin
at the SLD level.
In the case of, like ENS and UD, etc.
You're only able to come intothe space as your name or
premium keyword dot, whateverTLD that you're on.
Again, this is great forbranding and even in the free
(22:07):
name ecosystem, like, you couldbuy TLDs.
But, at the end of the day,your usable digital identity,
the one you can set records on,has to be a something dot,
something.
And so, depending on that combo, depending on the ecosystem
that you're showing loyalty to,these are extremely, like I said
earlier, these work extremelywell for branding, right, you're
(22:27):
not only branding your name,but you're essentially branding
exactly how people can eitherget directly to your content or,
you know, send you money, youknow.
And so a lot of businesses wedo think are going to come into
the space because you know thatis going to be.
That's really the only way tobrand in Web3.
The only way to brand, to beknown on Web3, to get your name
(22:50):
stamped on the blockchain, isfor it to resolve or reverse
resolve to a Web3 domain name.
That's just the end of it,right?
So any businesses that areeventually going to be in Web3
will have to at some point,either import their com and
reverse resolve to that orthey're going to have to
purchase their domain name onsome sort of naming ecosystem
(23:11):
and that's going to be onsomebody else's TLD or on their
own TLD.
Right?
That's just the bottom line,right?
That's the way it's going to be.
And if you believe in Web3 andthe growth of Web3, then again
you're seeing down this path ofwhere this is going.
Even though it's not here yet,we know where this is
going.
Now, flipping over to theinvestment potential in the
(23:34):
unique opportunity that the freename does offer is with TLDs.
So we spoke about the structureof the domain name.
Right, we have TLDs, which inthe Web2 space would be your
coms, your nets, your infos.
In the Web3 space, mostcommonly, you know your eth,
your cryptos, your nfts, butthey can also be anythings,
(23:54):
right?
I, for instance, own dgen.
I own exchain .888888, which isfive eights deFi wallet and
more in the free name ecosystem,which is five eights defi
(24:15):
wallet and more in the Freenameecosystem.
Meaning I own the right of thedot and then I can make money or
can self-issue and utilizeanything that is built on a
keyword or, you know, relates toa community, is that it, with
Freename's turnkey system, willallow you to earn royalties
whenever someone registers anSLD
on TLD.
So, for instance, dgen right,dgen is an open registry.
(24:39):
I own the TLD.
I have several names that Ihave self-mended from that TLD
that I utilize.
But anyone is free to go toeither freenameio and type in
the name that they're lookingfor dgen or anybody is free to
go to like my website, and Ihave a direct link where you can
go to a reseller page.
That again, it's like one clickand anybody who has a free name
(25:01):
TLD can do.
But you can go directly to thatpage as well and you can type
in whatever name you want todgin, and if it's available, you
can buy it Right.
No one stop you from doing it.
Don't got to ask for permissionand it will work out the gate
with every free nameintegration Also.
So also, when someone if youown the TLD and someone comes to
(25:26):
your TLD without you knowing,without you driving them there
just by luck, or even if youdrove them there right, However,
they got there.
Once someone does complete thataction of purchasing an SOD
from your TLD, however much theypaid for that SOD, you get 50%
of that in royalties.
It's a massive income streamand we've gone through this
(25:48):
before as far as like all thestuff that you can do on the
backend for management of yourfree name TLDs.
One of those things isadjustment of pricing, so you do
have complete control ofpricing of SLDs.
You can dial it all the waydown to different character
counts, emojis, et cetera, soyou'll know what your customers
are paying or for what any ofyour SLDs work.
(26:09):
But basically, yes, if anyonecomes to your TLD registering an
SLD, whatever price is shownthere, and they pay, you'll
receive 50% of that price as aroyal sheet
forever, right.
And then again, depending onhow valuable and how popular and
how a keyword of the TLD thatyou own, you know, there's also
(26:31):
going to be market demand forthat TLD itself, right, there's
also going to be market demandfor that TLD itself, right.
So there'll be a market notonly for the SLDs on your TLDs,
for people you know who want toalign or build their digital
identity with a cool keyword,but as your TLD becomes more
popular, it itself as a businessnow is an investment because
you can flip the entire thingright.
(26:52):
Somebody else who may want tobuild a different type of
community or has a concept orhas a brand that aligns with the
TLD that you have in yourportfolio, may want to acquire
from you so that they couldbuild from it as well.
And then kind of the secondaryvalue as well too, is with a TLD
you could do so many otherthings I talk about, like when
(27:13):
someone comes to your TLD to net, they get all the utility that
FreeName offers.
But there's so much more that,like you as a TLD owner and I
anticipate a lot of TLD ownersyou know doing you know many of
them are for real going to buildreal communities that have
separate utilities that is veryexclusive and specific to their
domain holders, and I anticipatemore and more of that happening
(27:35):
.
So you're going to see a lot ofdifferent mini ecosystems where
you're not only getting freename utility but you're getting,
you know, custom utility, likein the case of Chili's right.
We have the integration withChili's, the partnership with
Chili's with the chz.
They have their own incentivesfor their own communities, for
their own TLB, and so, yeah,you'll see a lot of cross value
(27:55):
that way as well, but a lot ofinvestment potential again, both
in SLDs and TLDs.
And for lack of anything else,you should obviously want your
domain, but as an investmentopportunity, you should want
your domain as well, and this isa big part of
the why.
Now, tapping into the, you knowsome of the things that we
(28:17):
again, we've got a lot of peoplewho are listening to the space
for the first time.
You know you may be listeningto this opportunity and you know
, may want to be trying tofigure out what are the next
steps, what are the first steps?
As I mentioned before, I dowant to tap in, you know, to how
FreeName and iHe, iheartdomains are trying to help
people enter the space and guideyou to make good decisions.
(28:40):
So, going back to theopportunity at hand, as I just
explained, the ability to createTLDs is the obvious reason for
why Freename adds a lot of valueto the space for ecosystems,
for communities, for whateverreason.
You know that you may need tohave your own naming ecosystem,
whether it is to label a bunchof content that you're putting
(29:02):
out there for publishing.
There's going to again we'rejust at the beginning for use
cases of why people are going tohave blockchain names.
But a free name offers a uniqueopportunity for you to register
and purchase your own TLD.
You simply, if you're lookingfor a TLD, just have to go to
the website type in the TLD thatyou're looking for and it will
(29:25):
tell you what price it is.
And once you pay it, you haveno renewal fees forever and you
have lifetime ownership andlifetime residuals and passive
income.
That is the opportunity thatFreeName provides With
iHeart Domains.
We do these weekly tech talksfor both people who are
professionals and fully engagedin the ecosystem to beginners
(29:45):
who again are looking for aplace to start.
We do these to dive again intowhy, how and the basics of what
you can do with these Web3domain names.
So you are truly not alone inyour journey If you're looking
for you know, not only a way toinvest in this new world called
Web3, but again, if you're abuilder and you're truly just
(30:06):
wanting to exist or simplifyyour interactions or personalize
your experience with Web3,whatever you're here for, you
know we try to provide content,advice and guidance to lead you
along that.
So, um, you know steps to getstarted again.
I encourage you to followeither free name, uh or both.
(30:27):
Free name, and I heart domains.
If you don't already know aswell uh, again, I am a community
manager for the vip communityof.
Already know as well, again, Iam a community manager for the
vip community of uh, free name.
So we are one in the sameessentially.
But following us or followingfree name directly will get you
in tune with bothour ecosystem.
Anybody in our ecosystem issuper friendly.
We'll show you how to mint thetld or myth and sld.
(30:48):
We'll help you get startedagain.
As simple as going to thewebsite, typing in the name that
you're looking for whether it'sa TLD, and for a TLD, obviously
you'll see just a result withthe right of the dot.
If you're typing in your namedot someone else's TLD, then
you'll see that as well.
Once you purchase or mint yourdomain name, it's ready to use,
(31:11):
right, it's ready to use out thegate with all the free names,
different integrations and, aswe spoke about last week, these
domains are multi-chain, so youare able to mint them to one of
any of eight chains, includingPolygon Binance, which is BNB
chain.
Solana Chili's is also ablockchain that you choose, and
(31:34):
we've got many, many more coming.
So, yeah, as we look ahead,right for those of you that
already have a portfolio ofdomains, or if you're stacking
up a portfolio of domains rightnow and you're looking at what's
in the future, right Again,web3 is at
its infancy.
Web3 domains is at even more ofits infancy.
(31:55):
We're dealing with a fractionof people now that understand
the value of this right and asmore people start coming into
space whether it's through news,whether it's through meme coins
, whether it's through actualapplications, whether it's
through just apps that make iteasy for them to do something
silly or stupid, whether it'sthrough a game or gambling I
mean, I met somebody who waslike a grandma and she uses
(32:16):
crypto, but it's just to playpoker, right, no matter what
reason it is, as these reasonsbecome more mainstream, more
popular, more integrated intomainstream society, we will get
more adoption.
More and more of these peopleare going to face the exact same
problem.
It's that they are going toneed to share, remember and deal
with and interact with thisblockchain address.
(32:39):
That's just not personal andand I want to I definitely want
to clarify something as well,too, because it's not just
you're replacing your blockchainaddress, right like the, the
utility of web3 domains.
It spans way beyond that, evenat its infancy, as
it is.
Now, you get an entireinterface to manage your
(33:00):
identity, which is somethingthat you don't get when you
create a blockchain.
When you spin up a wallet andyou create your 0x address,
that's all it is.
People are still able to typeit into or copy it into an
Explorer and they can see theassets that are inside of it,
but they're not really dealingwith a friendly UI and they're
certainly not dealing with a UIthat you controlled or that you
(33:21):
curated right.
They're not dealing with anyrecords you put there.
They're not dealing withanything that shows you as a
person or your accomplishmentsor achievements.
You just see balance andsomebody can hit a dropdown
button and see your NFTs and seeyour tokens and that's it, and
see like when you transferredsomething or stole money from
somebody, like that's it right,that's again, that's your
(33:44):
identity, right.
When you enter the space,unless you connect a Web3 domain
to it, that's your identityMost Web3 domain
naming platforms.
Again, the second, that youpurchase a domain and you
resolve it to this wallet.
You not only get that function,but then you get their UI and
their interface to actuallycreate a profile, and that by
(34:05):
itself it adds extreme valuebecause now that's something you
can share in public when you'remeeting somebody on the go, and
now when they go to see yourinformation, they're not just
seeing a bunch of transactionsand hitting the dropdown box and
seeing some NFTs and blah, blah, blah.
They're able to now see whatyou've curated and put there.
In this case, you're able toattach avatars.
(34:27):
If you want to put yourfavorite PFP as your identity
Because, again, pfps areidentity, A lot of them are.
If you want a board ape and youput that as your PFP, people
know what that is that come witha little weight.
Same thing with especially withthe crypto pump and quite a few
others.
Right, we have little microcommunities that have culture
and all that good stuff.
(34:47):
You get my point.
That's a part of an identitythat people will see that you
can add to your records If youwant to assign a website or
anything like that to yourdomain, if you want people when
they come into your wallet andthey're being all nosy when they
see your profile, they see anyrecords that you want
to set.
Put a domain there so they can,or web2 domain so they can go
see some content and actuallybuy something you know.
(35:09):
Put links to songs, put linksto your catalog, to your comp,
anything right?
The point is is that as moreadoption comes into the space,
as we have more raw users whoare just sitting here with an
unusable, unshareable websiteaddress or not website address
but a 0x address, they'renaturally going to be attracted
to the concept of humanizingthat with a name.
(35:30):
And, with that being said, weare again a very small fraction
of the people that are going tobe in this space.
When there's millions andbillions of people and that's
just people, right I think thedemand for premium names is
going to go sky high.
And then when all these peoplecome into the space and then
they start needing to name andkeep track of things that
(35:51):
they're creating and doing inthe space, naturally, I mean
some people think that they'regoing to spin off like people
will just spin offwith thirds.
I don't see the point there.
I think naturally people aregoing to see value in the TLD
space, to be able to create andlabel things and create kind of
their own.
You know trackable, verifiable,interconnected Web3, you know
(36:15):
ecosystem of things that they'reputting out there.
Again, if you're creatingthings, you're putting things
out there, it's got to be namedand it needs to trace back to
you if you want it to countright.
So that is where there'sextreme value in
the space.
Again, I think we are justright at the bottom of the cliff
of it and we're about to scaleup the mountain and that's why
(36:35):
now again is a time to gain,even for those who are new,
hearing this for the first time,even for some of those who may
feel like the opportunity, youknow, to acquire some of these
premium domains may be pricedout.
It is worth.
Even for those premium domains,it is definitely worth looking
into.
But again, the ecosystem andthe amount of people who are hip
(36:58):
to it and privy to it right nowyou're still in a bubble, right
, and there's still a lot ofpremium inventory out there to
be minted, to be held in yourwallet, and so, again, the time
is now before the masses get tohere and before it gets super
obvious.
I'm going to stop rambling herefor a second.
Speaker 2 (37:18):
I've got a special guest on stage, Paige.
What's going on, sir?
How are you doing?
Good morning.
Speaker 1 (37:27):
Well, it's a good morning.
I'm buying some domains, so I'mfeeling pretty good.
Yes sir, yes sir, glad to haveyou here, as always.
I don't know if you caught themajority of the space, but we're
talking about why should youeven own a Web3 domain name?
Why, in your opinion, do youthink we should own one?
Speaker 2 (37:43):
You shouldn't Leave them all to me.
Let's see why should you own?
You have to make up your ownmind.
Did I share the analogy of thehorses sniffing the feed bag?
How's that for a morning imagefor you?
Speaker 1 (37:59):
Yeah, sure, there you go.
Speaker 2 (38:03):
So then I read this metaphor.
I actually Googled how toexplain something new to
somebody.
You know what I mean.
And there's this concept ofhorses.
Think about horses.
You got a bunch of horses andsay you walked out there with
the feed bag, you've got foodfor the horses.
It's good, it's good food.
You know what I mean?
They've never seen a feed bagbefore, right?
(38:25):
So each one of the horses hasto come up and I'm not calling
the audience horses here but hasto come up and sniff the feed
bag and determine if it's a goodor bad thing, should it be
scared of it?
And it's not like one horse cansniff it and turn to the other
(38:46):
ones and say, hey, it's all cool.
Everybody, every horse, has tosniff it themselves.
You know what I mean beforethey'll start eating of the food
.
So I think about this when Ithink about telling stories
about new technologies.
Everyone's got to get to thatmoment where they kind of see it
clearly for themselves with howit fits within what they're
(39:08):
trying to do.
And here's where Web3 fits withwhat I'm trying to do.
Web3 fits with what I'm tryingto do.
I want to be aware of newtechnologies.
I am not saying Web3 domainsare Bitcoin, but you could have
(39:29):
done a lot worse than at leastbuying $10 worth of Bitcoin 11
years ago.
You know what I mean and I wantto be aware of these new
technologies, and the only wayto really understand something
and be aware of it is put somemoney into it.
And so I want to know what itfeels like to own a Web3 domain.
So that's why I signed up withFreename, open a free account,
(39:50):
find a name in one of the TLDsYou'll hear people talk about
today, find a name in one of thetlds you'll hear people talk
about today, or rename has dotmetaverse and dot moon, you know
, spend as little as two dollarsand fifty cents, or five
dollars or ten dollars, and thensay what can I do with this?
And and I would just compare itto zero, I would, I would not
(40:11):
compare it to a web2 domain, oh,but, but it doesn't resolve.
But what if other people getone?
Compare it to Xero.
Does this have aspects that maybe used in the future?
And I think, wynn, you justtalked about it it's a different
way of connecting with apps, oras we call them, dapps, than a
(40:34):
username and login, whichdoesn't work anymore because you
have to log in and then youhave to have two-factor, and
then you have to get a text, andthen you have to get your phone
and you got to put in a code.
And I just think this simpleconcept of you having a wallet
and the wallet having assets init and dApps being able to
(40:58):
interact with your wallet todetermine only the things that
you allow them to know, and whenyou're in this digital world,
you're not yourself, the more Ithink about it, it's probably
the most important thing I canshare with everybody.
Facebook and Google and Twitterwant you.
(41:21):
They want to market you, yourreal identity.
They want to know who PageHowis.
They want to know if PageHow ison their website so they can
profile PageHow and sell me toother advertisers, so they can
profile PageHow and sell me toother advertisers.
(41:44):
I don't mind in the digitalworld that I give some websites
and some apps selectiveinformation about me based upon
a single digital identity that Icreate, that I control and that
I decide what they can do with.
That's the world of digitalidentities.
When you're online, you'redigital.
You're not yourself.
(42:04):
You can't jump into theinternet, you can't jump into
digital.
So why do I buy Web3 domainnames?
To understand digital, tounderstand digital non-internet,
which is nodes and servers, andI think Minecraft was probably
the biggest gateway into thisworld of digital non-internet.
(42:24):
You know what I mean.
I see the Minecraft moviescoming out.
And then, secondly, you give methe power to own my TLD, where
I'm not buying other people'sdomain names and hoping that
they're going to make money forme or that I'm just a consumer
giving them my money forsomething that has value or, as
(42:47):
we all agree, may not have a lotof apparent value right now.
Now you tell me that I'm theseller and I can paint a picture
of the future, of what theseWeb3 domains can be worth, and I
can sell them and get half therevenue.
That's a party I want to be in.
That's what no one's ever giventhe individual investor is the
(43:09):
ability to own a TLD.
So long answer to a shortquestion when I think about it
every day, but that's my storyand I'm sticking to it.
Speaker 1 (43:18):
Now I'm loving it and always appreciate your, your
input.
Um, I have a question, um, andI just pinned something to the
top of the space and I don'tknow if you've had a chance to
see it, but you'd be the perfectperson to ask your input.
Um, dynadot recently sent out ablast and um blast and, like I
(43:40):
said, I pinned the link to theblog and we covered this a
little bit yesterday during theWeb3 domain workshop.
But they've obviously they'veintroduced the bana TLD.
I haven't done much research onthe TLD itself.
I just got alerted to what BANAis.
I guess it's a coin also in theWeb3 space, but I haven't
researched it much as the TLD asfar as like whether it's DNS
(44:03):
and already resolved, blah, blah, blah, but they're entering it
into the Web3 space.
And it was super cool because,like they wrote this entire like
very comprehensive blogbasically shilling the value of
Web3 domains and like theopportunity that exists in the
space.
And they came from kind of avery Web2 perspective, like
(44:23):
almost as a guide for people whoare already investing in Web2
domains for how and why and inwhat way they should enter this
space.
And I saw it as curious because, you know, as I said yesterday,
you know they I mean they don'tsee us as a threat to their
space.
Our domains don't work the sameright.
So, um, you know that in and ofitself, like them, entering the
(44:45):
space shows to me right, justlooking forward that they see
value in what web3 itselfpotentially has to offer and
what these names can dospecifically in our space.
Ie what I'm shouting from therooftops every single day anyway
, that these things have morevalue as digital identity than
anything else.
But the long way of asking myquestion is have you had a
(45:07):
chance to read the above blogand what are your thoughts about
it?
Am I being too bullish or am Iright on track?
Is you know a lot of the Web2players starting to see the
value you know, or anotherpotential income source from
entering our space and sellingdigital IDs?
That was a question to you,paige.
Speaker 2 (45:34):
Sorry about that.
I probably spent 10 to 15 hourstalking to the Dynadot team
about Web3 domains.
Like most companies in ourbusiness, they act like they're
listening and then they go starttheir own product.
I love the blog.
I thought it was seemingly highlevel.
(45:56):
It painted a picture of all theprospects of Web3.
And then, you're right, becauseof, somehow, dynadot's
affiliation with vana, it saidgo buy a domain name that costs
you $2,000 a year.
Listen, it said go buy a domainname that costs you $2,000 a
(46:16):
year.
Listen, I don't know if Web3domains have value, but I'm
going to play around with $2domains and $5 domains and $20
domains and maybe $1,000 TLDsand $5,000 TLDs.
I'm not buying a single domainname for $2,000.
You tell me it comes with$10,000 of coin.
(46:36):
Maybe I'll get interested.
But the Vanna TLD is one of aseries, in my opinion, of what's
called brand TLDs.
This was originally offered toJapanese customers of a company
called Vanna.
It's being repurposed, it lookslike, by a longtime.
(46:58):
You know experienced companycalled D3.
And their theory is you know,if this stuff is so awesome,
charge a huge price for it.
I guess.
But it was very cryptic as towho owned it, who wrote the post
.
It just looked schlocky to me.
You know what I mean.
(47:18):
I don't know.
They lost me at $2,000 a year,I guess.
But I liked everything theysaid about Web3 domains.
Speaker 1 (47:28):
Yeah, that part.
The obvious is that whoever isadvising them or guiding them
into the space is definitely notaligned with the way the space
works.
Speaker 2 (47:38):
But there's no doubt, gwyn, that if you want to have
an ICANN TLD, people still thinkit's worth a million dollars.
Otherwise, why would theyinvest $400,000?
$250,000 for a fee, consultants, $25,000 a year that's what it
(47:59):
costs.
That's what you have to payICANN to have an ICANN TLD.
And if you're a multimilliondollar company and you want to
launch something, you're like,yeah, let's go for the biggest,
let's go for it.
You go get other people's money, you raise $5 million and you
launch a TLD with Web 3 and Web2 aspects I understand that
(48:23):
business model and you shoot forthe moon and you spend $50,000
or $100,000 a month marketing it, a month marketing it.
Right, I don't have that money.
I don't.
What can I do?
I can marketsummer and I canmarketv.
Yeah, I hope they're worth $5or $10 million someday.
(48:45):
But I'm going to have to startat the bottom and I just think
that's where most goodtechnologies start is.
I've got to convince.
You can't have a thousand userstill you have a hundred.
You can't have a hundred tillyou have one.
You know what I mean.
And that's different thanhaving so much money that you
can, you know, buy blogs or dowhatever it takes.
(49:06):
You know what I mean and andbuild a bigger company.
There'll always be biggercompanies competing against us,
but this is the only spot I canplay in.
You know what I mean.
So I think you'll probably see10 more of these vanas.
But with WebUnited Freenames,partnership with ShortDot, you
(49:30):
can take any domain name thatyou have already in Web2,
pagehowcom.
I can transfer pagehowcom toDomain Cost Club for 20 bucks a
year, I think.
Add Web3 aspects to it, or Ican do it right now with my WS
or my ICU or my CU, and I canstart to experiment on what it
(49:52):
means to be a Web3 domain.
So I just think there's a lotof other ways to do everything
they said in the blog besidesvana, and this is the problem.
I'm going to keep going here,but this is the problem our
industry has had forever is wewant to selectively give
information to a small group ofpeople to sell our product, and
(50:12):
I've always been the opposite.
If you've heard me on this showfor the past year and a half, I
try to give you an overarchingpicture of what I think the
whole space is about.
For you to decide what you wantto do and that's the only way I
know when is to do that is notjust to say this is my product,
(50:32):
it's best Buy it.
This is my product, it's bestBuy it.
This is my product, it's bestBuy it.
You know what I mean.
But if all we do is informpeople only to the extent that
they'll buy a single product,then we're not helping anybody.
Anyway, that's my take.
Speaker 1 (50:49):
No, man, thank you for that, and I completely agree
with that last take as well,and even speaking about that.
And so, yes, obviously thenature of imposing this was an
agenda.
However, there's still value inwhat they produced and here's
what I'm hoping from this right,what I'm hoping from this right
(51:12):
.
So, again, we've progressedfrom these are stupid to you
know, building a bridge wherewe've been able to tokenize them
, to now, you know, whole TLDscoming into the space and
creating these partnerships.
And shout out to D3, like D3 isout there grinding Again.
You know a lot of competitorscan cover ground for you.
Right, they're out here reallypushing the narrative for brands
(51:42):
to to bring I can tlds into ourspace and this is what I'm
hoping this will do.
Right with this whole layout.
Right with basically them, themputting out the, the, you know
the investment plan for webthrough domains.
Most people, as you explained,are on the same level as us,
right, like, obviously,corporations, registries.
You know they already have theTLDs, the millions to register,
or, you know, get more TLDs toauction.
But the average person that'slooking at an individual
(52:04):
investment opportunity ain'tgoing that route.
Like you don't own a Web3 TLD,you're not bridging one into
Web3.
Speaker 2 (52:11):
Right.
But, wynn, like you say,they're painting a picture in
the stars.
What they're basically sayingis it could be worth it for a
corporation if they want toaccept money.
Because, remember, walletsaren't just for sending money
with you as a sender, they'refor receiving money.
So say, you're a company andyou're going to do an NFT
(52:31):
project and you're going to takein a million dollars, yeah, a
wallet could be worth $2,000 ayear just to have a wallet
address to do it.
You know what I mean.
So it's painting a picture ofthe ceiling, of what these
things could be worth.
And then the way I look at thecurrent pricing of most programs
is they factor in theuncertainty and then they find a
(52:55):
market price, an equilibrium.
You know what I mean.
And the fact that Freename issold and I'll just talk about
Freename here, that's, who'ssponsoring the show that they've
sold 15,000 TLDs means they'vefound an equilibrium between
what people are willing to pay.
Now, given all the uncertainty,you're almost guaranteed that
(53:19):
the TLD you buy on Freenameright now is not priced at what
you're buying it for.
What I mean by that is I thinkI paid $3,500 for Dot Summer.
I think it's either worth $5million or there's a world where
it's worth zero, but at least Idon't have renewals.
You know what I mean.
So I know what my maximum lossis right, but, yes, anyone
(53:44):
listening to this call you couldbe vana.
Now you say, well, they have Web2, and right now they have Web
2, and we have Web 3.
Okay, but you know what, if youbuild your community in Web2,
and right now they have Web2 andwe have Web3.
Okay, but you know what, if youbuild your community in Web3,
something will happen down theroad where you'll have Web2.
This is not financial advice.
Don't say PageHouse said thatall Web3s will be Web2.
(54:05):
You know what I mean.
But let me tell you, the firststep is to build demand.
This concept I'm going to go offon a rant here this concept
that just because you makesomething available on the
internet that everyone can seeand resolve makes it worth
something, is ridiculous.
Because just in the past threeyears, since I've been seeing
(54:26):
Web3 projects come available,there's a lot of them that have
come out and they were worthspeculating on in case they
worked.
But as soon as that renewalhits, goodbye.
You know what I mean, becausethey, they, they've just said
we're out there, so we should beworth money right when?
I mean, we've seen them, we'vehad them on podcasts before, and
(54:51):
just the fact that you're theredoesn't mean you know you're
worth something I don't know.
Let me get to this one, becauseI do want everyone that's in the
Q&A chat on Telegram so youdon't have to be a VIP to be in
the Q&A chat.
I'm going to be sharing inthere my journey with summer and
(55:13):
v, and if you go in there,you'll see how I built a single
webpage on web two on Dynadot,with a free one page website
that I linked to my free namereseller or I could have linked
to my free name affiliate, or Icould have linked to my free
name affiliate, and I'm doingsomething right.
(55:34):
I'm doing something and I justencourage everyone to do the
same, all right.
Speaker 1 (55:40):
No, that's perfect and you're landing right on the
point that I wanted to make,because that's what I'm saying.
If Dynadot sells this rightBecause again, this is all
purely from a Web3 perspectivethat they're that they put this
investment opportunity out here,so they sold Web3.
If Dynadot sells this and againthe level most of us can't
(56:04):
enter with a Web2 TLD and bridgeit into Web3.
If the only way for people toenter is through, you know, the
avenue of free name, and ifthey're seeing on the other side
, success stories like yours,like mine, with dejan and
beefiowa, like usa, like that,that TLD is gone, like that's
gone parabolic.
(56:24):
There are quite a few TLDs inthe Freename ecosystem that have
more than paid for themselvesand many more are coming when
they start seeing that Avenue.
That's my hope, right Is thatthis drives people down that
road to start acquiring theirassets or even starting to look
at, you know, acquiring fromsecondary some of the premium
TLDs in the freemium ecosystem.
(56:44):
So that is why I as a whole wasvery bullish in, you know,
again you know, good luck tothem entering the space with dot
Vanna, but extremely bullishwith this blog that they put out
there, again, you know, eventhough it was serving their
self-interest, still put a lotof solid information in and you
know, people who are looking foran opportunity aren't going to
(57:06):
be looking at just.
You know my name, dot VannaRight.
This spelled out that the realopportunity here is being dot
Vanna.
Name dot vanna right.
This spelled out that the realopportunity here is being dot
vanna and hopefully this willdrive more people in that
ecosystem to start looking atthat opportunity because it's
real right.
There are real examples of howwe've made money and how it's
continuing to grow and and howweb3 domains themselves are
(57:26):
continuing to to build relevanceand continuing to be a tool
that will have value as Web3continues to expand.
I'm actually going to get readyto wrap up.
This was a great space.
Thank you, paige, for coming on.
In 30 minutes we are going tobe hopping on the Web3 Domain
Well Talk with Freename, as wedo every Friday, so I do invite
everyone to circle back and toattend that.
(57:49):
Again, I want to remindeverybody that our integration
with MetaMask via MetaMask Snapis now live.
So, yeah, all of our domains inthe Freename ecosystem, if
you've got your record set onthem with one simple plugin, you
can now use with MetaMask.
So, again, every single day,somebody's out there building to
make these domains whether it'sin their ecosystem or someone
(58:10):
else's ecosystem more usable andmore valuable in this space.
But we're right at the bottomof the mountain.
So the opportunity is there'sno better opportunity than today
, the day that you heard aboutit.
Again, why should you want toown a domain name?
In addition to using it and forit being you know, your all-in
digital identity then again willhave you know prices, value.
(58:32):
There's an extreme opportunityhere, for both passive and just
straight up.
You know the ability togenerate some good flippable
income with TLDs and both SLDs,depending on the ecosystem.
Thank you, everybody for tuningin to our Tech Talk with your
domain workshop.
Again, do this every Friday.
It's sponsored by Freename.
This is a mirror of ourThursday workshop for our VIP
(58:54):
community.
And, yeah, happy, demanding andfocus on your mission, not your
condition.
See you guys in 30 minutes onFreename's channel.
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