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D3 to get $5 million in crypto to apply for .ape gTLD

New gTLD consultancy D3 Global has inked a deal to apply for the .ape gTLD on behalf of the ApeCoin community.

The company said in a blog post that it will receive three million $APE — cryptocurrency coins currently worth about $5 million, according to Coinbase — in order to apply to ICANN for, operate and market .ape domains.

As it has with other clients, it will first launch *ape names that can only be used on the relevant blockchain to address crypto wallets and such. D3 uses an asterisk to differentiate blockchain names from real domains.

The deal came about after D3 submitted a proposal to the ApeCoin DAO. That’s a Decentralized Autonomous Organization that allows any ApeCoin holder to have a vote in the development of the ApeCoin ecosystem. They voted overwhelmingly in favor of D3’s proposal.

The DAO will receive 50% of gross revenue from *ape and .ape sales under the deal, but D3 says it will retain exclusive rights to .ape. Presumably this is because there’s no way in hell ICANN’s lawyers are going to allow it sign a registry contract with a DAO.

The business plan proposal is quite detailed for a public document, containing stuff like revenue projections that ICANN will redact from published gTLD applications. D3 reckons it could be turning over about $8 million with 90,000 registered .ape names by its fourth year.

“It’s simple, Ape Names are built by Apes, for Apes,” D3 said. As well as quite the most ludicrous quote I’ve used in a considerable while, it also happens to be Technically The Truth when said of any TLD, when you think about it.

But it’s actually a reference to the fact that a few of the D3 C-suite are owners of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs — those expensive little crypto chimp avatars that people sometimes use in their social media bios.

D3 CEO Fred Hsu apparently owns this ape picture, which is “worth” almost $37,000. Fellow co-founder Paul Stahura has a whole collection.

In other news, there’s still no cure for cancer.

New Vegas conference “Davos for Web3 interoperability”

Kevin Murphy, April 3, 2024, Domain Services

Specialist new gTLD consultancy D3 is to hold a two-day conference in Las Vegas at the end of the month it’s describing as the “Davos for Web3 interoperability”.

Imposingly named Dominion, it’s due to take place at the Cesar’s Palace hotel from April 29 to 30. The theme is the interoperability between the traditional domain name system and newer blockchain-based naming systems.

Organizers says it’s invite-only, and limited to about 125 attendees, but an invitation can be requested from the event’s web site.

Keynote speakers include Lily Liu (president of the Solana Foundation) and Fred Gregaard (CEO of the Cardano Foundation) on the blockchain side of things, and Matt Overman of Identity Digital on the domain name side, as well as D3 CEO Fred Hsu.

D3 specializes in arranging gTLD applications for blockchain firms and has five announced clients so far.

D3 signs up crypto gTLD client number five

Kevin Murphy, February 15, 2024, Domain Services

New gTLD consultancy D3 Global has signed up its fifth blockchain gTLD client since launching last September.

The company today announced a deal with Core Chain to apply for .core when ICANN next opens a new gTLD application window, currently expected mid-2026.

Core Chain makes a software platform for developers that want to building decentralized applications on blockchains. It says it has over five million connected cryptocurrency wallets.

D3 has recently announced similar partnerships with NEAR Foundation (.near), Gate.io (.gate), Viction (.vic) and Shiba Inu (.shib).

The company says its mission is to help blockchain companies operate on the traditional DNS as well as the blockchain-based alternate naming systems.

D3 announces fourth crypto new gTLD client

Kevin Murphy, February 8, 2024, Domain Services

New gTLD consultancy startup D3 Global, which emerged just five months ago, is signing up would-be applicants at a pretty rapid clip, announcing its fourth client today.

The company said it is working with NEAR Foundation, a Swiss non-profit, to apply for .near when ICANN opens up the next application window, which is currently expected in 2026.

NEAR is behind what it calls a Blockchain Operating System, a set of software designed to make it easier for developers to create apps that work across multiple blockchains.

D3’s specialty is working with companies that want to apply for gTLDs that work on both blockchains and the consensus ICANN DNS root.

It’s already announced deals with Gate.io (.gate), Viction (.vic) and Shiba Inu (.shib).

Another crypto firm to apply for a new gTLD

Kevin Murphy, February 1, 2024, Domain Services

D3 Global, the new gTLD consultancy specializing in cryptocurrency and blockchain clients, has signed up its third public client.

The company plans to help Gate.io apply to ICANN for .gate when the next application round opens, currently expected in 2026, according to a press release today.

Gate.io is a cryptocurrency exchange that claims to have 13 million users worldwide (although it appears to be unavailable in several large markets) that was founded in China 10 years ago.

D3 is a startup founded by some domain industry pioneers that offers companies support with applying for regular gTLDs that can interoperate with blockchain-based naming systems.

It’s already announced deals with companies called Shib and Viction for the strings .shib and .vic.

Shiba Inu outs itself as crypto new gTLD applicant

Kevin Murphy, December 19, 2023, Domain Registries

Shib, the developer behind the Shiba Inu cryptocurrency, said today that it plans to apply to ICANN for the .shib top-level domain.

The idea is to have the domain in the consensus DNS root and also in a blockchain and to make the two interoperable.

The company has partnered with D3 Global, the startup launched in September by industry veterans Fred Hsu, Paul Stahura and Shayan Rostam, to work on the application and interoperability platform.

Shib seems to be the second customer for D3. It’s also working with a blockchain company called Viction on .vic.

Perhaps erring on the side of responsibility, D3 is using an asterisk instead of a dot when offering names prior to ICANN approval, so it’s *shib and *vic instead of .shib and .vic.

The next ICANN application round is not expected to open until early-to-mid-2026.

Blockchain startup gets $5 million to apply for gTLDs

Kevin Murphy, September 5, 2023, Domain Registries

A company backed by some familiar industry names has raised $5 million in seed funding to apply to ICANN for new gTLDs and, it says, bridge the gap between the traditional DNS and blockchain alternate roots.

Las Vegas-based D3 Global is being led by Fred Hsu, one of the founders of aftermarket pioneer Oversee.net. Among its listed founders are Paul Stahura, one of the triumvirate that launched Donuts, now Identity Digital, to apply for hundreds of gTLDs in 2012.

Also listed as founders are Shayan Rostam, who’s currently building Internet Naming Co into a prominent new gTLD portfolio player, former Network Solutions engineer Shay Chinn and investment banker Michael Ho.

These are people with domain industry experience going back in some cases to the 1990s and track records of building successful disrupters, so it’s worth paying attention no matter what you think of blockchain stuff.

D3 says it plans to apply to ICANN for traditional TLDs but will also introduce interoperability with blockchain-based “Web3” naming systems.

Hsu said in a press release: “We are committed to driving forward the convergence of the traditional DNS system and Web3 to make domain names more versatile, secure, and universally accessible.”

It also talks of introducing a marketplace that combines traditional DNS names with blockchain to “significantly reduce the friction traditionally seen in domain name transactions, such as low transparency, high broker fees, transfer delays, and escrow services.”

The funding round was led by Shima Capital with participation from Lightshift, Dispersion Capital, VentureSouq, Infinite Capital, MZ Web3 Fund, Kestrel0x1, Nonagon, C² Ventures, Arthur Hayes’ Maelstrom, Stahura himself.