Unstop Domains promised to sign the “Patent Non-infringement Treaty” in the Web3 Domain Name Alliance

It is reported that Unstop Domains promised to sign a “patent non-infringement pact” in the Web3 domain name alliance, which is composed of dozens of companies providing naming services. Unstop Domains said that it would not enforce a key patent named “resolving blockchain domain” against other members of the industry organization of the Web3 domain name alliance. While announcing the patent commitment, Unstop Domains also revealed that another 52 projects have joined the Web3 domain name alliance, including the cryptocurrency exchange Blockchain.com and the NFT market Rarible, but at present the Ethereum Domain Name Service (ENS) has not joined. The chief developer of ENS expressed reservations about the decision of its competitors to open source code and domain name intellectual property.

Interpretation of this information:

Unstop Domains, a blockchain domain name provider, has pledged to sign a “patent non-infringement pact” within the Web3 domain name alliance. This alliance consists of numerous companies offering naming services, and the pact aims to prevent Unstop Domains from enforcing its “resolving blockchain domain” patent against other members of the organization. This move was announced alongside the entry of 52 new projects into the alliance, including well-known names such as Blockchain.com and Rarible. However, the Ethereum Domain Name Service (ENS) has not yet joined the alliance, citing concerns about the open-sourcing of code and domain name intellectual property by its competitors.

By pledging not to enforce its patent against other members of the Web3 domain name alliance, Unstop Domains seeks to foster greater cooperation within the blockchain naming industry. This move signals a commitment to working together towards common goals rather than prioritizing individual interests. Furthermore, the addition of 52 new projects into the alliance demonstrates a growing interest in blockchain domain names and related technologies.

However, the fact that the ENS has not yet joined raises questions about the level of cooperation within the industry. The ENS has expressed concern about open-sourcing and the sharing of intellectual property among competitors. This reservation highlights a potential tension between individual companies’ interests and the industry’s collective goals.

In summary, Unstop Domains has pledged not to enforce its patent within the Web3 domain name alliance, and 52 new projects have joined the organization, including well-known names like Blockchain.com and Rarible. However, the Ethereum Domain Name Service (ENS) has not yet joined the alliance, raising questions about the level of cooperation and potential conflicts between individual companies’ interests and industry-wide goals.