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Smart Domain Platform Web23 to Launch Tokenized DNS Services on Hedera, Supported by The HBAR Foundation

·4 min read

Smart Domain Platform Web23 to Launch Tokenized DNS Services on Hedera, Supported by The HBAR Foundation

Beta launches this August with .hbar Smart Domains arriving first.

  • Web23 set to launch breakthrough "Smart Domain" services and DNS platform to bring accessibility, utility & security to both traditional Web2 ICANN domains and tokenized Web3 domains on Hedera.

  • Announcing support from The HBAR Foundation to accelerate product development and deployment.

  • Bringing .hbar domain names live with a Chrome extension Beta application release in August 2022.

DOVER, DE / ACCESSWIRE / June 27, 2022 / Web23 is about to revolutionize DNS infrastructure by allowing users to register and purchase Web2 ICANN domains as well as tokenize Web3 NFT domain names on Hedera Hashgraph; accelerated by support from The HBAR Foundation. Their new interoperable Smart Domain service makes it easy to buy, sell and manage all domain names with added privacy & security features inside one simple platform. Web23 will enter Beta in August 2022, starting with offering the highly anticipated .hbar domain names to the Hedera community.

The HBAR Foundation is focused on funding and supporting interoperable solutions on Hedera, which includes cultivating services that benefit the whole ecosystem. Web23 has been tasked with developing and deploying a decentralized naming system on Hedera, transforming the way domains work with their groundbreaking DNS to DLT platform.

Co-founded by DNS visionary Som Kirann, blockchain veteran Rahul Pandey and domain name

entrepreneur/IT specialist Del Iglesia, Web23 takes a completely different approach when compared to other Web3 NFT domain platforms. Instead of just offering the ability to mint NFT domains, Web23 also supports traditional ICANN domain names and bridges the gaps between decentralized ledger technologies and the domain naming system. Web23 believes that Hedera Hashgraph by its philosophy, design, and consensus will become one of the top DLTs, and a clearing ledger for the entire ecosystem of Web3 domains, extending their Smart Domain service to all chains.

"This partnership with the HBAR Foundation will help our team accelerate product development and foster community outreach. Our goal is to innovate in the domain space, build infrastructure, and ensure everyone knows where to access and utilize the Hedera name registration service." - Som Kirann, Founder

These Smart Domains, including .hbar, are minted to the L1 native layer on Hedera and allow consumers to reach to the designated assets on both Web2 and Web3 whenever an address is typed into a web browser. The team is launching their Beta platform and Chrome extension application to enable wallet support and dApps integrations within the Hedera ecosystem. Once a users' wallet is connected, Web23's Chrome extension automatically delivers backend APIs and smart contracts to the assigned dApps, SDK, domain name, and wallet ID to perform any transaction. The company is starting with smart domains and .hbar, but has plans to release proprietary account privacy & security features, social verification tools, and tokenized coupon integrations through their platform down the road.

"The ecosystem is still young, but full of opportunities to be filled. I feel the same excitement during the infancy of Web1, but with the wisdom to build on the back of data ownership. This is a renaissance of creators and developers, working hand-in-hand with emerging technologies that will shape our society and the future." - Delfin Iglesia, Co-Founder

Whether it be dApps, DAOs, DeFi, or metaverses, security, protection and data privacy are going to become essential to maintaining a presence online. Web23's breakthrough platform allows for unique optimizations and automatic monitoring; creating whole new ways of protecting digital identity and a brand's health from dozens of threats.

"Hedera has so many key attributes that make it distinct from other L1 chains. With such an elegant SDK, it's fast, scalable, secure, and of course low cost to mint tokens or add new blocks. Having solved the trilemma, and with so much innovation happening in the Hedera space, it was an obvious decision to develop on the Hashgraph network." - Rahul Pandey, Co-Founder

With an exciting vision, an energized marketplace, and the support of The HBAR Foundation, Web23 is positioned to introduce the next generation of DNS infrastructure. What sets them apart is their integration of traditional ICANN domains; unlocking whole new levels of interoperability between DNS and DLTs.

For more information visit https://web23.io for email signups, join the discord and follow Web23 on Twitter @web23io for important updates and announcements.

About Web23

Web23 is a secure, interoperable DNS platform that allows users to tokenize domain names on Hedera Hashgraph; bringing utility and accessibility to both web2 and web3 domains. Their breakthrough Smart Domain service makes it easy to buy, sell and manage domain names, with the added function of encoding tokenized metadata.

About the HBAR Foundation

Founded in 2021, the HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, ESGs, gaming, and other sectors. In addition to providing funding through a streamlined grant process, the HBAR Foundation acts as an integrated force multiplier through expert support across technical, marketing, business development, and other operational functions that are required to scale.

About Hedera

The Hedera network is the most used, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is governed by a council of the world's leading organizations, including Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.

For more information, visit https://hedera.com, or follow them on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at https://hedera.com/discord. The Hedera whitepaper can be found at https://hedera.com/papers.

Links & More Information:

Media Contact:
Gaurav Arora
press@web23.io

SOURCE: HBAR, Inc



View source version on accesswire.com:
https://www.accesswire.com/706553/Smart-Domain-Platform-Web23-to-Launch-Tokenized-DNS-Services-on-Hedera-Supported-by-The-HBAR-Foundation