EnCirca, a prominent player in the domain registration industry and a certified ICANN registrar, has unveiled a groundbreaking initiative that integrates tokenized domain names and Web3 digital identity through its collaboration with D3’s innovative Doma Protocol and MyPublicWallet. The integration marks a significant leap in the digital landscape, allowing users to seamlessly convert their traditional domain names into on-chain assets, thereby entering the Web3 ecosystem without the need for extensive technical know-how or prior cryptocurrency experience.
This strategic move, set to roll out in phases, enhances EnCirca's service offering by providing a user-friendly interface for domain holders. The first phase, which is already live, includes the introduction of public wallet capabilities. Customers can now effortlessly link their registered domains to a hosted public wallet, which serves as their digital identity within the Web3 space. Future phases will expand on this by incorporating the full functionality of domain tokenization, expected to be available in the coming weeks.
Tom Barrett, the President of EnCirca, emphasizes the importance of domain names in establishing a digital identity on Web3, stating, "Domain names are the cornerstone of digital identity in Web3. Our integration with D3’s DomainFi network, Doma Protocol, and MyPublicWallet equips users with a comprehensive solution, making Web3 not only practical but accessible for everyone."
The upcoming features that will be available to EnCirca’s customers include:
- - Gasless on-chain tokenized domains powered by the open-source Doma protocol.
- - A public wallet from MyPublicWallet that eliminates the need for cryptocurrencies, seed phrases, or installations.
- - Public profiles hosted on the InterPlanetary File System (IPFS), complete with contact details, NFT galleries, and proof of attendance protocols (POAPs).
- - Authentication through wallet-based methods, paving the way for future single sign-on (SSO) applications.
- - Compatibility with over 400 crypto wallets, facilitating decentralized finance (DeFi) operations across Bitcoin, Ethereum, and Solana blockchains.
This streamlined public wallet integration underscores the commitment to simplifying the onboarding process for newcomers to Web3, while providing advanced users with valuable features. Doma Protocol is specifically designed to ensure the secure conversion of domain names into blockchain assets while maintaining adherence to ICANN lifecycle policies. Fred Hsu, CEO of D3 Global, reflects on the significance of this collaboration, stating, "EnCirca’s leadership in the DomainFi economy exemplifies the purpose for which Doma was created. Our goal is to enable registrars to grow within the Web3 ecosystem, while ensuring compliance with ICANN regulations."
Unlike other tokenization frameworks, Doma does not necessitate direct involvement from registries, thereby avoiding potential blockchain lock-in, and offering a forward-looking approach tailored for registrars. Doma is scheduled for a Mainnet launch later in Q2 of 2025.
EnCirca’s partnership with MyPublicWallet further enhances its Web3 capabilities. MyPublicWallet is designed as a complete Web3 identity toolkit, enabling users to create a secure public wallet for identity and authentication, distinct from their private crypto wallets. This means users can establish a Web3 identity without the complexities typically associated with cryptocurrencies, receiving a complimentary hosted public wallet that integrates seamlessly with various services, including Ethereum Name Service (ENS) and IPFS.
Barrett points out that overly complex wallet setups can deter individuals from adopting Web3 technologies, saying, "MyPublicWallet empowers our customers to transition at their convenience, without the immediate need for cryptocurrency."
Founded in 2001, EnCirca has grown into a respected ICANN-accredited registrar, recognized for its technical innovations and expertise in registry engineering. With support spanning numerous top-level domains, EnCirca stands out as a leading registrar for the restricted .BANK, .CPA, .PHARMACY, and .POST extensions, and is now pioneering Web3 capabilities through its DomainFi and MyPublicWallet integrations.
D3 Global has set out to create the world’s first DomainFi network that aims to tokenize over 362 million existing and future domain names, thereby unlocking their full financial potential. With its decentralized Doma Protocol, D3 bridges the gap between traditional Internet domains and the promising domain extensions emerging from the Web3 realm.
As EnCirca leads the charge into the future of domain registration, the collaboration with Doma and MyPublicWallet heralds a new era for digital identity, making it easier for users to harness the benefits of Web3 without the steep learning curve often associated with blockchain technologies.