The Blockchain Domain Registry System will focus on enabling the Cardano community to maximize the use of blockchain
domains
British Virgin Islands, Sept 29, 2021 - (ACN Newswire) - Web23 Inc., a USA company and NexBLOC, a British Virgin Islands
company, are partnering to develop a blockchain based naming system that runs natively on the Cardano blockchain
platform. The initiative continues the move of the Butterfly Protocol onto numerous blockchains to ensure that those
communities have the tools needed for full decentralized internet optimization.
The Butterfly Protocol was originally created using the Ethereum blockchain and continues to provide resources and tools
for the Ethereum community. But, according to Dana Farbo, Founder of NexBLOC, the move helps expand the various
blockchain development communities' access to a unified naming convention. Mr. Farbo stated that, "we will continue to
lock the root domain on Ethereum but by using other blockchains, we can prepare for wider acceptance of blockchain DNS
(bDNS) and lower costs for using the decentralized web."
Som Kirann, Founder of Web23 went on to say "Cardano has been driving decentralization at its core and with the recent
deployment of their Plutus smart contract capabilities, we wanted to be a first mover in creating capabilities for human
readable naming that exist on other chains. Working with Butterfly and NexBLOC allows us to move fast and prepare for a
bright future within the Cardano community."
This marks the second blockchain in the NexBLOC roadmap for naming system ubiquity across chains. Earlier this year, the
buildout on XDC Networks was announced and work is progressing rapidly on the XDC blockchain. Supported by a grant from
the XDC Foundation, a full deployment and rollout is expected for November 1st, 2021. In addition to the standard access
tools for connecting websites using IPFS, wallet authentication and browser extensions, NexBLOC is working with XDC
Networks dApp developers to integrate specific dDNS solutions for their projects.
Web23 is known for its work on allowing companies or individuals to create domains at scale. This is important for
building an offensive and defensive system around brands and professional work. The SaaS solution creates an artificial
intelligence supported capability to acquire similar names automatically based on trends, word searches and social media
chatter. They are integrating the system into the decentralized domain acquisition space with low gas fee blockchains
such as Cardano. As per Mr. Kirann, "rapid and bulk domain acquisition with the current state of Ethereum gas fees makes
it prohibitive to deploy at scale. Cardano, XDC Networks and other blockchains allow us to provide a solution that
supports the brand owner."
The Cardano deployment is expected to be ready in mid-Q4, 2021, with other blockchains planned as part of the
collaboration between Web23 and NexBLOC.
About Butterfly Protocol (https://www.butterflyprotocol.io/)
Butterfly Protocol is a decentralized autonomous organization (DAO) that aims to replace the Domain Name System (DNS)
system and change the economics of domain ownership.
About Web23 (https://web23.io)
Blockchains are starting to open whole new world of possibilities where top level domains (TLDs) as well as long and
weird wallet addresses need to be converted into human readable formats, the motive for existing ICANN based domains and
their resolutions to IP addresses.
As a SaaS solution, Web23 aims to:
- Automatically protect the primary domain & neighborhood domains in the ICANN world
- Optimize publishing of the domains to minimize the effects of look-alike domains
- Notify owners & admin in 24X7 mode with ongoing threats targeted to the domains
- Automatically protect the primary domain & neighborhood domains in the Blockchain world
- Notify users about impersonated accounts in social media
- Assess health of the brands with respect to domains & their resolving/publishing
At Web23, ICANN & Blockchain domains would be bought, administered, transferred & monitored in the secured, optimized & automated ways
About NexBLOC
Founded as a BVI company in 2021, NexBLOC uses the Butterfly Protocol and other technology stacks to create custom
deployments of bDNS systems. They currently have over ten private blockchain top-level domains (bTLD) in various forms
of deployment. In addition, they are working to roll out a free working environment for all blockchain developers using
the .sandbox bTLD and other extensions.
Forward-looking statements
Except for statements of historical fact, the matters discussed in this press release are forward-looking and made
pursuant to the Safe Harbor provisions. "Forward-looking statements" describe future expectations, plans, results, or
strategies, and are generally preceded by words such as "future", "plan" or "planned", "expects," or "projected." These
forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which
are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk
factors include, among others, limited operating history, difficulty in developing and marketing products, intense
competition, and additional risk factors.