Latest news from Lisbon Web Summit arrives as Unstoppable is a founding member of Web3 Domain Alliance (W3DA).
W3DA is a new alliance to support the advancement of web3 domains by Unstoppable with Bonfida, tezos domains, Polkadot Name System, Hedera, Syscoin, and Klaytn domains.
The alliance hopes to prevent malicious phishing attempts, bad actors posing as Web3 “top-level domains,” cybersquatting, and Web3 domain collisions.
W3DA alliance is formed as there are currently no regulations, framework, or authority of Web3 domains. The best way to ensure developers keep building and innovating and make web3 safe for people in the industry must self-regulate.
The alliance aims to set standards that promote the development of the web3 naming industry. It’s a category-defining move that comes at a crucial time as web3 barrels toward mass adoption.
