WEBVTT - Decentralized Digital IDs with ENS Domains 0:00:00.120 --> 0:00:02.690 When someone wants to send you crypto or an NFT, 0:00:02.700 --> 0:00:06.000 it's silly to try to tell them your wallet address. Oh, 0:00:06.000 --> 0:00:11.340 you can send them to 0X5C capital B349K capital. You 0:00:11.340 --> 0:00:14.730 get it within s domains. You've got a simple identification 0:00:14.730 --> 0:00:18.720 for your wallet that can receive your crypto. It's decentralized 0:00:18.720 --> 0:00:22.759 and empowering. We'll talk today with Corey Whitaker of NS 0:00:22.770 --> 0:00:26.189 Labs so you can understand why having your digital identity 0:00:26.190 --> 0:00:29.760 in short form is important and how you can too. 0:00:29.760 --> 0:00:33.900 It's Innes Yunus and a little bit of weakness as 0:00:33.900 --> 0:00:39.450 we discuss Inis on this episode number 686 of the 0:00:39.450 --> 0:00:47.850 Bad Crypto podcast Ness 54310. 0:00:48.120 --> 0:00:50.970 It's missing. Who's bad? 0:01:09.990 --> 0:01:15.010 Oh, Trav, it's not pronounced anus. It's eons. Mm. 0:01:15.540 --> 0:01:18.660 I was just really grateful that you didn't blurt out penis. 0:01:19.530 --> 0:01:20.860 Why would I blurt out it out? 0:01:21.720 --> 0:01:25.100 You said eons and since. And the. The pianist. 0:01:25.360 --> 0:01:25.800 I mean. 0:01:26.610 --> 0:01:29.550 Now you play guitar. When you play guitar, you're a pianist. 0:01:29.670 --> 0:01:30.270 You know. 0:01:30.540 --> 0:01:33.000 I left the blurting to you and you. You took 0:01:33.000 --> 0:01:33.750 the bait. 0:01:34.290 --> 0:01:37.289 Totally blurted, I'm the blurt, Daddy. 0:01:37.290 --> 0:01:41.730 You're the master baiter. You took the master away. Welcome 0:01:41.730 --> 0:01:44.310 to the Bad Crypto podcast show for the crypto Curious 0:01:44.310 --> 0:01:47.880 Crypto serious and those who enjoy a little bit of humor, 0:01:47.880 --> 0:01:51.870 a little bit of levity in their crypto programming because 0:01:51.870 --> 0:01:55.380 it's so serious out there right now. It's a, you know, crypto. 0:01:55.410 --> 0:01:58.320 BlackRock is coming in and they're taking over the world 0:01:58.320 --> 0:02:01.650 and there's ETFs and we're all so serious. And you 0:02:01.650 --> 0:02:05.850 know what? Life is short. Carpe diem, Have some fun. 0:02:06.600 --> 0:02:08.580 Yeah. In this episode right here is going to teach 0:02:08.580 --> 0:02:11.880 you or tell you a little bit about domains and 0:02:11.880 --> 0:02:15.690 how you might want to use them to connect your 0:02:16.080 --> 0:02:20.040 crypto addresses to this. So with that, let's go. 0:02:23.950 --> 0:02:28.990 Distributed digital identity on blockchain and in the world. This 0:02:28.990 --> 0:02:31.870 is important stuff we need to be talking about. And 0:02:31.870 --> 0:02:34.630 one company that has been leading the way in this space, 0:02:34.630 --> 0:02:37.840 you know them. You might not know them by name, 0:02:37.840 --> 0:02:40.929 but you know them because you've seen their product all 0:02:40.930 --> 0:02:47.050 over the blockchain space, especially in the form of wallets. 0:02:47.050 --> 0:02:51.280 For example, Joel Cometh is a wallet that belongs to 0:02:51.280 --> 0:02:56.380 me and that is facilitated by Ian's domains, the website 0:02:57.130 --> 0:03:00.130 domains we've got with us today to talk about all 0:03:00.130 --> 0:03:05.680 of the things surrounding digital identity, decentralization and the benefits 0:03:05.680 --> 0:03:12.970 of such. Corey Whitaker is the executive director at NS Labs. Corey, welcome. Corey, 0:03:13.540 --> 0:03:15.340 I should say welcome to crypto. 0:03:15.639 --> 0:03:17.859 Thank you. Thank you. Great to be here, fellas. 0:03:18.370 --> 0:03:20.890 Yeah, I did not get Joel that either, but by 0:03:20.889 --> 0:03:23.770 the time that I come around for that, somebody had 0:03:23.770 --> 0:03:26.110 snagged that that other Joel there's only two of us 0:03:26.110 --> 0:03:27.310 and that other guy. Got it. 0:03:27.490 --> 0:03:28.000 Yeah. 0:03:28.000 --> 0:03:29.170 I actually got gold on. 0:03:35.410 --> 0:03:37.870 Well, man, we're glad you're here. And why don't you 0:03:37.870 --> 0:03:40.780 go ahead and let's just. Let's talk a little bit 0:03:40.780 --> 0:03:44.860 about what NS is and then we'll talk about some 0:03:44.860 --> 0:03:48.070 of the reasons that this is important and how people 0:03:48.070 --> 0:03:48.910 are using it. 0:03:49.360 --> 0:03:52.870 So what is it? What it's about? So all of 0:03:52.870 --> 0:03:55.360 your listeners, everyone has been using the Web for for 0:03:55.360 --> 0:03:58.630 quite some time now. The websites that we actually go 0:03:58.630 --> 0:04:04.600 to are our IP addresses. 1230.4560.789. 0:04:04.990 --> 0:04:08.050 And did you just hack me, bro? Because that was 0:04:08.050 --> 0:04:11.500 my that was my IP. Yeah. How do you know that? 0:04:11.500 --> 0:04:12.279 Who told you? 0:04:12.460 --> 0:04:16.300 Hey. Hey. Everything is public these days, right? Right. So 0:04:16.420 --> 0:04:20.110 what has happened is the DNS system has overlaid human 0:04:20.110 --> 0:04:22.450 readable language on these websites so that you can go 0:04:22.450 --> 0:04:26.979 to Google.com instead of the IP address. You can go 0:04:26.980 --> 0:04:31.330 to any of these websites using a human readable name. 0:04:32.200 --> 0:04:35.560 Since blockchain, the advent of blockchain, all of our wallet 0:04:35.560 --> 0:04:38.890 addresses these things that we're using to connect, to, to, 0:04:39.580 --> 0:04:43.690 to web3. These wallet addresses are extremely long and it 0:04:43.690 --> 0:04:47.320 doesn't matter what crypto you're or what one you're on, 0:04:47.320 --> 0:04:51.580 whether it's Bitcoin or Ethereum, there are these long hexadecimal 0:04:51.580 --> 0:04:56.080 addresses which are difficult to manage and navigate, particularly for 0:04:56.080 --> 0:04:58.000 a newbie in a normie, you mean you. 0:04:58.000 --> 0:05:03.730 Have it memorized? 0X4B Capital C29. Yeah. 0:05:04.120 --> 0:05:06.700 You know, some people have. I'd be interested to meet 0:05:06.700 --> 0:05:07.510 to meet some of those folks. 0:05:07.600 --> 0:05:12.190 If you could just send me some crypto over at 1X294. Exactly. 0:05:12.640 --> 0:05:15.520 Like what? No way. This is horrible. Exactly. 0:05:16.029 --> 0:05:19.420 Exactly. Exactly. And that is one of the major issues 0:05:19.420 --> 0:05:23.650 preventing adoption, just the complexity of our these identities that 0:05:23.650 --> 0:05:26.620 we're using. So what does put human readable names on 0:05:26.620 --> 0:05:31.690 top of your your wallet address so that your Joe cometh? 0:05:31.690 --> 0:05:35.559 And when you want to send bitcoin Joe Smith recognizes 0:05:35.560 --> 0:05:37.870 it's on the Bitcoin network sends bitcoin to Bitcoin wallet 0:05:37.870 --> 0:05:41.380 address recognizes if you're on the Ethereum network sends Ethereum 0:05:41.380 --> 0:05:46.330 to your Ethereum address. So human readable names overlaid on 0:05:46.330 --> 0:05:48.880 the the wallet addresses. 0:05:49.029 --> 0:05:52.180 So let me clarify that real quick. Yeah. So you 0:05:52.180 --> 0:05:57.100 can have multiple chains connected to that particular one. So 0:05:57.100 --> 0:06:02.920 you doesn't need to have Joe Btcc. Joe, that's counterintuitive 0:06:02.920 --> 0:06:06.250 to most folks, but I'm thinking if I want to 0:06:06.250 --> 0:06:09.190 send Joe eath, I'm going to send it to Joe Smith. 0:06:09.190 --> 0:06:12.710 If I want to send emphatic, it's probably a different address. 0:06:12.710 --> 0:06:14.170 If I'm going to send him Bitcoin, I'm not going 0:06:14.170 --> 0:06:16.430 to send it to Joe Smith. Right, right. 0:06:16.450 --> 0:06:20.020 Yeah. This is something I think a lot of people 0:06:20.290 --> 0:06:24.760 don't realize that with your domain, you can add your 0:06:24.760 --> 0:06:28.990 Bitcoin address, your Ethereum address, your stellar address, your Hedera address, 0:06:28.990 --> 0:06:32.409 and it functions on each of those those chains. So 0:06:32.410 --> 0:06:34.659 it's not just Ethereum. Sometimes I like to call it 0:06:34.660 --> 0:06:37.090 the Everything name service, not just the Ethereum name service 0:06:37.089 --> 0:06:38.920 because we function across multiple chains. 0:06:39.640 --> 0:06:42.250 Logical sense to me then to have it as the 0:06:42.490 --> 0:06:45.279 crypto or something, because then it could. Then it's almost 0:06:45.279 --> 0:06:47.530 like a chain that goes everywhere. So let me ask 0:06:47.529 --> 0:06:49.960 you this. I know there's some other chains. Are there 0:06:49.960 --> 0:06:52.719 some other like address stuff out there? Which ones are 0:06:52.720 --> 0:06:56.289 the ones? Is is not the only ones the Ethereum names. 0:06:57.040 --> 0:07:01.719 Is that the only one that domains supplies? Yes. Yes. 0:07:01.720 --> 0:07:04.000 So that is the only one that we work on. 0:07:04.000 --> 0:07:06.850 The only one that that we developed. And again, since 0:07:06.850 --> 0:07:11.770 it's it's multi-chain we think it serves the the entire ecosystem. Yeah. 0:07:12.970 --> 0:07:16.270 So when I log into my account, I also see 0:07:16.270 --> 0:07:19.810 a Joel comedically. What is that? 0:07:20.380 --> 0:07:26.020 Decentraland. So one of the cool things about, about Ian's 0:07:26.110 --> 0:07:28.450 and the protocol is that you can, you can take 0:07:28.450 --> 0:07:35.830 other domains and import them into, into Ian's. So DCL 0:07:35.830 --> 0:07:40.690 I believe that is the decentraland domain where people on 0:07:40.690 --> 0:07:44.470 Decentraland are able to use Ian's addresses. 0:07:44.800 --> 0:07:47.440 Well, there you go. I did not know that. Did what? 0:07:47.440 --> 0:07:49.240 I have set that up or would they have assigned 0:07:49.240 --> 0:07:51.610 that to me just by connecting the wallet? 0:07:52.660 --> 0:07:54.970 I think you would have to you would have to 0:07:54.970 --> 0:07:58.240 set that up after you create your Decentraland account. 0:07:58.600 --> 0:08:00.820 One of the many things that I've done in crypto 0:08:00.850 --> 0:08:02.740 that I don't remember because we've been doing this for 0:08:02.740 --> 0:08:05.860 so many years now, I'm wondering like, okay, where's the 0:08:05.860 --> 0:08:08.470 lost wallet that I've forgotten about and I don't even 0:08:08.470 --> 0:08:10.840 know was lost? And will it turn up someday? 0:08:10.840 --> 0:08:12.190 Yeah, yeah, yeah. 0:08:12.700 --> 0:08:15.040 One of my, one of my questions on this is 0:08:15.040 --> 0:08:18.640 that I have challenges is can I, can I connect 0:08:18.640 --> 0:08:22.660 multiple eath to the same wallet? Right. Because it's like 0:08:22.660 --> 0:08:25.180 I have my Twitter handle, which is t w t 0:08:25.210 --> 0:08:29.200 e dubia so I have that dot eath, but I 0:08:29.200 --> 0:08:33.790 also own Travis, right? And then somebody might not remember, Oh, 0:08:33.790 --> 0:08:35.620 am I going to send it to T.W. or am 0:08:35.620 --> 0:08:37.410 I going to send it to Travis? Right. Dot Eve 0:08:37.450 --> 0:08:40.600 Which one's the right one? Can you connect multiple addresses 0:08:40.600 --> 0:08:41.650 to that same wallet? 0:08:42.220 --> 0:08:46.090 Yeah, you can connect multiple addresses to to, to a 0:08:46.090 --> 0:08:47.530 given wallet. Yeah. 0:08:48.570 --> 0:08:54.150 So, you know, for example, I've got nifty company and 0:08:54.150 --> 0:08:59.520 nifty showing are in the the same wallet here, but 0:08:59.520 --> 0:09:02.760 only one of them can be active and point to 0:09:02.760 --> 0:09:07.290 the the actual address. Right. Or can either of them 0:09:07.290 --> 0:09:08.690 point to the same address. 0:09:08.700 --> 0:09:12.030 Only one. Only one can be your primary name. Right. 0:09:12.030 --> 0:09:15.390 The primary name for a wallet. But you can add 0:09:15.390 --> 0:09:16.500 it to others as well. 0:09:17.370 --> 0:09:22.949 Okay. So the whole point of this, besides taking complexity 0:09:22.950 --> 0:09:26.819 out of these long addresses, is there's a lot more 0:09:26.820 --> 0:09:32.160 to this than just that the simplification, this this decentralized 0:09:32.160 --> 0:09:35.820 digital identification. Let's talk a little bit about the benefits 0:09:35.820 --> 0:09:38.609 of that besides convenience. Yeah. 0:09:38.610 --> 0:09:41.250 Yeah. So if you think about what we've experienced since 0:09:41.250 --> 0:09:45.390 the advent of of social media, right over the last 0:09:45.390 --> 0:09:49.890 20 ish, 20 years, where our identities are are owned 0:09:49.890 --> 0:09:53.700 by these these corporate entities, whether it's Facebook or Twitter, 0:09:54.090 --> 0:09:56.640 even Friendster back in the day. Right. You log into 0:09:56.640 --> 0:10:00.059 the site and put all your information and they own it. 0:10:00.330 --> 0:10:03.300 And if you choose to move to another property, another 0:10:03.300 --> 0:10:07.079 social media company, you lose all of your connections. You 0:10:07.080 --> 0:10:10.559 essentially lose your your identity and your social graph, your 0:10:10.559 --> 0:10:14.640 social network. One of the cool things about Web3 in 0:10:14.640 --> 0:10:16.560 this new phase of the Internet is that you have 0:10:16.559 --> 0:10:21.330 the ability to actually own, possess and control a name, 0:10:21.330 --> 0:10:25.080 a marker that connects to you, that you own, that 0:10:25.080 --> 0:10:29.400 you can use across multiple properties. So with your name 0:10:29.400 --> 0:10:33.690 or a wallet address, you can log into multiple properties 0:10:33.690 --> 0:10:41.100 on on web3. And it just it's, it's just a 0:10:41.100 --> 0:10:46.590 much more customer, individual centric and focused way about about 0:10:46.590 --> 0:10:50.130 doing things here instead of being in the best interest 0:10:50.130 --> 0:10:52.140 of the company. Like this is the business of the 0:10:52.140 --> 0:10:55.110 individual you owning your data, you owning your name, you 0:10:55.110 --> 0:10:56.130 owning your identity. 0:10:56.580 --> 0:11:00.450 Well, so so I'm looking at the website here and 0:11:00.450 --> 0:11:03.240 I am going through the step by step process of this. 0:11:03.240 --> 0:11:05.110 So you don't necessarily have to use a dot eath. 0:11:05.160 --> 0:11:08.100 It looks to me like I could use a.com if 0:11:08.100 --> 0:11:09.809 I wanted to, but I just have to go through 0:11:09.809 --> 0:11:12.960 a process, find the original DNS domain name that I 0:11:12.960 --> 0:11:15.809 want to import into my NS, and then I can 0:11:15.809 --> 0:11:18.330 actually use that. Like if I wanted to use Travis, right, 0:11:19.260 --> 0:11:22.050 I could potentially use that as my address if I wanted. Right. 0:11:22.290 --> 0:11:24.540 There you go. It gets deeper. It just deeper and 0:11:24.540 --> 0:11:27.989 deeper with. So again, one of the cool things that 0:11:27.990 --> 0:11:32.309 you can do is import DNS names. You see a.xyz. 0:11:32.340 --> 0:11:35.850 There are several out there that you can use as 0:11:35.850 --> 0:11:38.430 an NS name. So that's absolutely right. You can import 0:11:38.429 --> 0:11:39.960 your into the system. 0:11:41.390 --> 0:11:45.350 I'm looking for where one does that on the site, 0:11:45.679 --> 0:11:50.329 because I own Joel. How would I use that as 0:11:50.330 --> 0:11:51.170 an address? 0:11:51.980 --> 0:11:56.620 Yep. So I can actually. So you had a how 0:11:56.620 --> 0:11:58.359 to do all that offline? 0:11:58.390 --> 0:12:00.069 I'll include that in the show notes because I got 0:12:00.070 --> 0:12:03.550 a link. That's the medium article right there too, that 0:12:03.550 --> 0:12:05.080 shows the step by step on how to do that. 0:12:05.080 --> 0:12:07.630 But I guess the real question would be is if 0:12:07.630 --> 0:12:13.030 he swapped swapped over his Joe comm, would that eliminate 0:12:13.030 --> 0:12:15.640 his website? It pointing to the website. Now it points 0:12:15.640 --> 0:12:18.520 to Ian's domains or does it? Can you use it 0:12:18.520 --> 0:12:19.099 as both? 0:12:19.120 --> 0:12:21.790 Yeah, good question. These are these are two different rails. 0:12:21.790 --> 0:12:25.840 The traditional web two rail, your.com would continue to function 0:12:25.840 --> 0:12:29.620 as it normally does in the web two world and 0:12:29.620 --> 0:12:32.290 then in the web three world. Your would function as 0:12:32.290 --> 0:12:35.589 an NS name being able to log into coinbase metamask 0:12:35.590 --> 0:12:37.390 sending crypto back and forth. 0:12:37.900 --> 0:12:38.380 Yeah. 0:12:39.559 --> 0:12:42.110 So, you know, people who are coming late to the 0:12:42.110 --> 0:12:46.130 game like, oh, my name's gone. You know, it's a sadness. 0:12:46.160 --> 0:12:49.370 I'm John Smith. Let's see if it's available. Oh, no, 0:12:49.640 --> 0:12:52.340 that's that's long gone. What's you know, what do you 0:12:52.340 --> 0:12:55.940 recommend is the best process for picking a name that 0:12:55.940 --> 0:12:59.210 basically you're going to live with? Because this is this 0:12:59.210 --> 0:13:01.189 is your new digital identity? 0:13:01.190 --> 0:13:04.040 Yep. Yep. So there is hope. So there are a 0:13:04.040 --> 0:13:07.099 lot of folks that are actually selling names on on 0:13:07.100 --> 0:13:10.820 the secondary market. So, Jill, I don't know if the 0:13:10.820 --> 0:13:12.679 other Joel is going to going to be able to 0:13:12.679 --> 0:13:15.860 sell you, Joel, or if he wants to give that up. But, 0:13:15.860 --> 0:13:19.010 you know, there's a slight chance people will sell their 0:13:19.010 --> 0:13:22.970 their first names. So that's one. Secondly, as you mentioned, 0:13:22.970 --> 0:13:26.720 you have the ability to import another DNS like a.com 0:13:26.720 --> 0:13:30.090 or a.xyz. So if you have a pretty cool. Com 0:13:30.110 --> 0:13:31.880 or x, y, z, you can import it and use 0:13:31.880 --> 0:13:35.510 it in in web three. So yeah, I'd say search 0:13:35.510 --> 0:13:38.600 the secondary market, make some offers, see if you can 0:13:38.600 --> 0:13:40.880 get the name that you want, if someone's willing to 0:13:40.890 --> 0:13:44.000 willing to sell it. And the other is, you know, 0:13:44.990 --> 0:13:48.020 import another DNS name that you may have. 0:13:48.880 --> 0:13:52.510 So is that technically an NFT? Then it's and that's 0:13:52.540 --> 0:13:55.900 this domain name. It's technically an NFT. So if you 0:13:56.110 --> 0:13:59.050 you're talking secondary market, people would want to go on 0:13:59.050 --> 0:14:03.820 opensea or whatever and then go and grab the file 0:14:03.820 --> 0:14:07.150 or be able to, to put the offer on the domain. 0:14:07.150 --> 0:14:09.400 That's right. You can go to any of those marketplaces. 0:14:09.400 --> 0:14:14.949 And a native marketplace is vision, which is another great 0:14:14.950 --> 0:14:18.310 marketplace where you can search and support to find and 0:14:18.640 --> 0:14:19.570 name it. 0:14:19.570 --> 0:14:24.330 Ian's dot vision. Yep. Well, let's go ahead and take 0:14:24.330 --> 0:14:26.850 a look at that and see what kind of crazy 0:14:27.480 --> 0:14:32.560 ians dot. Vision. Let's see what kind of things people are. 0:14:34.060 --> 0:14:37.750 Selling out here? Yep. Markets unleashed. Let's go ahead and 0:14:37.750 --> 0:14:40.240 just connect a wallet just for giggles so that we 0:14:40.240 --> 0:14:41.630 can get in here some. 0:14:41.710 --> 0:14:43.690 Pretty big sales on some of these right here and 0:14:43.690 --> 0:14:49.540 some pretty big offers, like 8.5 eath for 360 and 0:14:49.540 --> 0:14:54.040 an 8.5 eath offer for 205. I guess people like 0:14:54.040 --> 0:14:56.790 those those three digit numbers, it looks like, huh? 0:14:56.800 --> 0:14:57.880 Yeah, yeah. 0:14:58.600 --> 0:15:02.590 Yeah. Last last year there was a big craze around 0:15:02.890 --> 0:15:06.730 three digits names this. 0:15:06.730 --> 0:15:08.229 That's kind of a fun thing. You can get lost 0:15:08.230 --> 0:15:10.420 kind of in the old you can get lost down 0:15:10.420 --> 0:15:15.520 the rabbit hole here. Three letter, three letter ins. The 0:15:15.520 --> 0:15:19.330 top sale of all time went for 100 eath. That's 0:15:19.510 --> 0:15:21.970 at least in that particular three digit ones. That's kind 0:15:21.970 --> 0:15:25.030 of crazy. Some of these just grabbing your initials and 0:15:25.030 --> 0:15:27.130 then and then going, That's pretty crazy. 0:15:27.520 --> 0:15:27.720 Right? 0:15:28.090 --> 0:15:32.380 So let's talk a little bit about the benefits for businesses, 0:15:32.380 --> 0:15:38.320 for corporations and how they and and the people they 0:15:38.320 --> 0:15:40.900 serve benefit from having in us. 0:15:40.900 --> 0:15:41.920 Yeah. Yeah. 0:15:41.980 --> 0:15:45.610 And I think the the the marketplace and use cases 0:15:45.610 --> 0:15:50.290 for businesses are still developing but the direction that that 0:15:50.290 --> 0:15:57.850 I'm interested in is helping businesses with understanding customers, understanding consumers, KYC, 0:15:57.850 --> 0:16:02.920 KiB and and that type of thing. So one, I 0:16:02.920 --> 0:16:06.670 think businesses have the opportunity to use the subdomain function. 0:16:06.670 --> 0:16:11.290 So let's say you had bad crypto podcast and with 0:16:11.290 --> 0:16:13.720 your fan base, I'm sure you have some wild fans 0:16:13.720 --> 0:16:16.090 out there who would love to have a subdomain on 0:16:16.090 --> 0:16:19.570 your eath that they can use, right? So I could 0:16:19.570 --> 0:16:23.110 get Corey to bat crypto podcast on eath. So you 0:16:23.110 --> 0:16:28.030 can potentially create subdomains and give them to your community, 0:16:28.210 --> 0:16:32.800 to your to, to your customers. Another thing that that businesses, 0:16:32.800 --> 0:16:35.680 particularly in the financial sector, that I hope they get into, 0:16:35.680 --> 0:16:40.420 is using the identity aspects of eath and wallets for 0:16:40.420 --> 0:16:44.650 KYC purposes. So if you can imagine a situation where 0:16:45.310 --> 0:16:49.540 you KYC one time and there's a company called Parallel 0:16:49.540 --> 0:16:53.710 Markets that started recently that is attempting to do this 0:16:53.710 --> 0:17:00.430 KYC once and then use that sole bound token across 0:17:00.430 --> 0:17:03.370 multiple institutions so that you don't have to keep giving 0:17:03.370 --> 0:17:07.450 your information over and over and over again to various entities. 0:17:08.119 --> 0:17:10.640 So there are a couple couple ideas there. 0:17:12.230 --> 0:17:14.300 And so it looks to me like the domain you 0:17:14.300 --> 0:17:16.580 get the domain, you can register it for one year 0:17:16.580 --> 0:17:18.800 all the way up to ten years. And it looks 0:17:18.800 --> 0:17:20.990 to me like it's way more intelligent to go ahead 0:17:20.990 --> 0:17:24.560 and book it for more years because of the gas 0:17:24.560 --> 0:17:26.990 fees that are involved. It looks like it's it's relatively 0:17:26.990 --> 0:17:31.580 inexpensive to to to register a domain name for a 0:17:31.580 --> 0:17:34.220 year or ten years. You just you just got to 0:17:34.220 --> 0:17:36.910 pay gas fees in there. So might as well get it. 0:17:37.080 --> 0:17:38.750 What let me ask you this. I guess my question 0:17:38.750 --> 0:17:41.750 would be is what what is the grace period on 0:17:41.750 --> 0:17:44.750 something like this? Let's say like, oh, somebody booked an 0:17:45.230 --> 0:17:49.580 domain and then they forgot. Is it immediately once that 0:17:49.580 --> 0:17:52.070 day is done, it goes up for sale? Or how 0:17:52.070 --> 0:17:53.900 does how does that grace period work? 0:17:54.020 --> 0:17:57.109 Yep. So as a name is about to expire, you'll 0:17:57.109 --> 0:18:01.790 see notifications in the manager app and we've recently started 0:18:01.790 --> 0:18:06.410 to give give users an opportunity to get notified so 0:18:06.410 --> 0:18:09.560 that their domains don't expire and you lose your your 0:18:09.560 --> 0:18:12.290 identity and your in your ins and. 0:18:13.100 --> 0:18:16.040 Email or something. Is there an email notification? 0:18:16.040 --> 0:18:19.700 Yes. Yes. So we just started working with with Fi 0:18:19.700 --> 0:18:27.670 and there's. There's a notification process process now and there's 0:18:27.670 --> 0:18:31.000 there's typically a waiting period. So your name will expire. 0:18:31.000 --> 0:18:35.350 And there's. It goes into this auction period where it 0:18:35.350 --> 0:18:39.280 starts high and and then and then goes low. And 0:18:39.280 --> 0:18:41.290 then you can bid on names after that. But yeah, 0:18:41.290 --> 0:18:44.889 there's definitely lots of notification and a grace period. So 0:18:44.890 --> 0:18:47.679 your names don't just go to auction at once as 0:18:47.680 --> 0:18:48.760 soon as it expires. 0:18:51.280 --> 0:18:54.790 Interesting. Yeah. So what do you what do you make 0:18:54.790 --> 0:18:58.179 of the current state of the market here? Timestamp This 0:18:58.180 --> 0:19:04.210 is the June 27th, 2023, with these Bitcoin ETFs being 0:19:04.570 --> 0:19:10.360 proposed by BlackRock. Do you think that the the surge 0:19:10.359 --> 0:19:13.149 is going to come early or is this just a 0:19:13.150 --> 0:19:16.660 head fake preparing us for the bull run next year? 0:19:17.080 --> 0:19:19.660 You know, I hate the. 0:19:19.660 --> 0:19:21.070 Personal opinion, not financial. 0:19:21.070 --> 0:19:21.429 Advice. 0:19:22.180 --> 0:19:27.280 Not financial advice, not a financial product. But I think 0:19:27.280 --> 0:19:30.640 it's a it's a good signal and an interesting signal 0:19:30.640 --> 0:19:36.310 for the longevity of of crypto and web3 that these 0:19:36.310 --> 0:19:40.360 major institutions are starting to take steps to get, you know, 0:19:40.359 --> 0:19:42.369 to get into the to get into the game things. 0:19:42.369 --> 0:19:44.919 A very strong signal in terms of timing as to 0:19:44.920 --> 0:19:47.380 as to when things will actually pop off and blow up. 0:19:47.560 --> 0:19:51.340 I have no idea. But it's. 0:19:51.340 --> 0:19:51.939 Coming. 0:19:52.060 --> 0:19:55.810 It's coming. And this is definitely a great sign. So 0:19:55.810 --> 0:19:56.890 keep your eyes peeled. 0:19:57.730 --> 0:19:59.050 You can feel the pressure. 0:19:59.050 --> 0:19:59.320 Yeah. 0:19:59.380 --> 0:20:02.109 You know what's also cool on these, Joel, is that 0:20:02.109 --> 0:20:06.100 you can also use emojis, it looks like. So I 0:20:06.100 --> 0:20:09.439 have a wizard and then the star emoji with the, 0:20:09.490 --> 0:20:12.310 you know, the three little stars dot eth with. 0:20:12.820 --> 0:20:15.460 How do you how do you communicate that to somebody? Okay, 0:20:15.460 --> 0:20:17.140 what's where do I send this message? 0:20:17.140 --> 0:20:19.600 Me It's Wizard Stars. Dot Yeah, Wizard stars. 0:20:19.609 --> 0:20:22.010 Dot Yeah, There's a. 0:20:22.030 --> 0:20:23.770 I actually just wanted to see if I can do it. 0:20:23.770 --> 0:20:25.600 I did. It cost much, but it was kind of funny. 0:20:25.600 --> 0:20:27.220 I think I was doing it for an ancient wisdom, 0:20:27.220 --> 0:20:29.379 the Wizard project. And there you go. You got the 0:20:29.380 --> 0:20:31.390 little have that and that. It's kind of fun. 0:20:31.390 --> 0:20:34.000 There's a company who does that too. That that's all 0:20:34.000 --> 0:20:38.380 they do is the OG. Yeah, yeah, yeah, yeah. Why not? 0:20:38.380 --> 0:20:40.270 80 my 18. Yeah. 0:20:40.270 --> 0:20:40.600 Yeah. 0:20:40.600 --> 0:20:43.450 Are they using your tech to do that? 0:20:43.840 --> 0:20:47.770 No, it's their, it's their own tech that, that they're using. Yeah. 0:20:47.770 --> 0:20:49.840 They're not on the protocol. 0:20:51.960 --> 0:20:52.409 Got it. 0:20:53.250 --> 0:20:55.949 So it's pretty interesting. So is there anything else about 0:20:55.950 --> 0:20:58.680 NS that maybe folks should know that maybe they don't 0:20:58.680 --> 0:21:01.409 know that you want to want to communicate out there 0:21:01.410 --> 0:21:01.810 to them? 0:21:01.830 --> 0:21:02.100 Yeah. 0:21:02.100 --> 0:21:04.710 Yeah, sure. So one of the unique things about NS 0:21:04.710 --> 0:21:07.290 is that it's governed by a Dao. I don't know 0:21:07.290 --> 0:21:10.950 if you've talked about Daos in in your community or 0:21:10.950 --> 0:21:14.240 on this podcast, but once or twice. All right. Yeah. 0:21:14.250 --> 0:21:18.060 So all of the registration fees go to the Dao 0:21:18.600 --> 0:21:23.790 that oversees the protocol, right? Manages the protocol. So there 0:21:23.790 --> 0:21:27.840 is a, an ecosystem working group and a public goods 0:21:27.840 --> 0:21:32.250 working group. And these two groups, they try to support 0:21:32.250 --> 0:21:35.879 projects that are building on ins and projects that serve 0:21:35.880 --> 0:21:40.530 the public in general. So there's a robust grants development 0:21:40.530 --> 0:21:45.359 program happening in the Dao. So that's a pretty unique 0:21:45.359 --> 0:21:49.199 feature of the protocol. The founder, Nick Johnson, wanted to 0:21:49.200 --> 0:21:52.290 create something that would live on after him and all 0:21:52.290 --> 0:21:55.620 of us. And so creating, putting this and giving this 0:21:55.859 --> 0:21:58.770 to the Dao is a way to have it live 0:21:58.770 --> 0:22:00.000 on in perpetuity. 0:22:01.140 --> 0:22:02.970 You know, the only one that I could think of, 0:22:03.000 --> 0:22:06.180 that's some form of competition. And I know that you 0:22:06.180 --> 0:22:10.260 guys are different in what you're trying to accomplish is 0:22:10.260 --> 0:22:17.340 unstoppable domains, right? Where they're decentralizing the the DNS system 0:22:17.340 --> 0:22:19.740 and in a different way. How do you guys view 0:22:19.740 --> 0:22:23.220 them and what are you doing or what are they 0:22:23.220 --> 0:22:25.109 doing that's different from what you're doing? 0:22:25.200 --> 0:22:25.770 Yeah. 0:22:25.770 --> 0:22:31.109 So they're another, another web3 domain project. And as you've seen, 0:22:31.109 --> 0:22:35.550 they have multiple, multiple domains. While we're just focused on 0:22:36.090 --> 0:22:42.690 dot ETH and then importing other DNS names, you can 0:22:42.690 --> 0:22:45.360 also see them reaching out to brands as well. So 0:22:45.359 --> 0:22:47.429 it seems like they're reaching out to brands and trying 0:22:47.430 --> 0:22:51.629 to create web3 domains for for them to. So it's 0:22:51.630 --> 0:22:56.010