by 0xbc02db030361121dd43bbb2fcbcb4f9f98c1dc7d (Punjab)
Linked Draft Proposal
Should we promote dcl names as an alternative cryptocurrency wallet addresses?
Summary
Decentraland represents a unique opportunity when it comes to digital identities by encapsulating Web3, Metaverse, Crypto, VR all under one roof. Marketed properly, Decentraland names could become the best alternative cryptocurrency wallet address
Abstract
Rising popularity on digital identities within the Web3/Metaverse has once again proven to us how the next generation of Humans are going to interact, socialise, transact, game & finance in a decentralised way.
I’ve been playing with ENS APP (https://app.ens.domains/) and with their latest update the app shows various information on Decentraland names. By using the app’s set resolver function it has become extremely simple & easy to set any Decentraland name as the primary name. What this means is Decentraland names can be used to send & receive cryptocurrency/nft’s to all wallets & all networks. For test purposes I have successfully set one of my name, Burrito.dcl.eth as the primary name. I have also sent eth to this name which was successfully delivered & can be seen on etherscan. PFP image upload function also worked.
Motivation
There are many advantages for using Decentraland names as a human readable cryptocurrency wallet addresses.
-
No yearly renewal fees
-
2,3,4 or 5+ Letter or Digit are all capped at 100 Mana initial mint price
-
In-game Avatar Names
-
In-game link/location URL’s
-
100Mb of Free Decentraland Accumulating Worlds Spaces
This unique aspect of promoting/marketing dcl names as human readable crypto wallet addresses could help assist many existing & new users in web3 & other metaverse’s to step into Decentraland eco system for the first time. Resulting in mass adoption from wider communities.
Currently 3 letter/digit ens names cost $640 per year, 4 letter/digit ens names cost $160 per year. We can use this to our advantage for promoting/marketing dcl names.
Specification
Here’s what the new dcl builder app must have
-
Ability to upload PFP’s to DCL names
-
Revamp/Redesign of how the names are displayed on DCL’s Marketplace
-
Ability to set resolver & primary wallet address
-
Multi chain support including, Litecoin, Bitcoin, Ethereum , Solana and others
-
Send & Receive cryptocurrency & nft functions
-
Link to tracking scanner for every chain like Etherscan etc…
-
Simple one page Landing pages or Webpages function.
-
Incentives for using DCL names; Promotions, rewards, marketing etc…
Impacts
There are other advantages as to why someone may decide to buy & use Decentraland names beside the fact all names being the same price & no yearly renewal fees.
1 - Option of having two digit letter/number names. Which is not available on ENS
2 - In-game avatar name. Which means Decentraland users don’t need to purchase names additional names to use in the platform
3 - Free 100 Mb storage to build their own Dream Space. Feature as we all know it called is Worlds.
4 - DCL names are Web3 URL’s within the Decentraland eco-system. Personal Web3 Spaces?
5 - Because ENS is the most integrated Web3 naming system with other DApps, wherever ENS works, DCL works too. Including, Metamask, Opensea, Rarible, Uniswap etc…
6 - Landing Pages; Because we already have 100 Mb storage why can’t any of this storage be used for a one page simple Website or Landing Pages? This will be good for teams, businesses & individuals to tell others who they are, what project’s they’re involved with etc…
7- Allocated server storage for DCL Worlds are accumulative. This gives an incentive for users to;
a) Purchase or mint more DCL names
b) This exercise can also encourage users to dive further into DCL ecosystem and understand how it all works & for more storage space having the option to purchase land or mana adds another value towards mass adoption
c) Encouragement to vote in DAO. Single DCL Name is all that’s required to start getting new users familiar with DAO. They will now have the opportunity to vote, ask for grants & have a positive overall impact in general in terms of community proposal/grant decision.
Implementation Pathways
I highly suggest & recommend some of the basic functions of ENS App to be developed, designed, built & integrated into Decentraland Builder App. This way users don’t need to leave Decentraland website and go to https://app.ens.domains/ to set resolver, primary wallet address etc… Since most of the work is already completed and Builder App is operating smoothly, it shouldn’t be too hard to implement the changes that are required.
Conclusion
As you all know, DCL Names are ENS Subdomains and with the latest ENS App https://app.ens.domains/ it is now possible to set DCL names as primary wallet addresses that are human readable. Having the option to set DCL names for sending & receiving cryptocurrency from wallet to wallet but not just for Ethereum network is a golden opportunity. With ENS App, DCL names can be used for Litecoin, Bitcoin, Solana, Cardano, Matic (Polygon) and many others. This proposal represents a great alternative to ENS & Unstoppable domains by lowering the costs alongside lifetime ownership without any maintenance or yearly renewal fees. Overall it is an excellent opportunity to bring/involve new & existing Web3 (Metaverse) users into Decentraland eco-system. I have not mentioned Unstoppable pricing because they have multiple extensions & very confusing pricing structure based on character length etc…
