Please enter CoinGecko Free Api Key to get this plugin works.
Please enter CoinGecko Free Api Key to get this plugin works.
HomeCrypto NewsD3Serve Labs Proposes Blockchain Model for Domain Transfers

D3Serve Labs Proposes Blockchain Model for Domain Transfers

-

Spread the love

D3Serve Labs, operating independently from D3 Global Inc., has submitted a new patent application to the United States Patent and Trademark Office (USPTO) outlining a blockchain-driven solution for transferring domain ownership. The filing, officially published today under the number 18/978071, presents a novel framework that leverages decentralized technology to streamline the domain transfer process while adhering to regulatory requirements such as WHOIS data and Know Your Customer (KYC) compliance.

The patent describes a system where domain ownership—or more specifically, “beneficiary-ship”—is managed through smart contracts rather than through conventional registrar-mediated processes. In this setup, registrants can initiate and complete domain transfers by executing blockchain transactions, thereby reducing the dependency on registrar or registry approval unless modifications to domain resource records are needed.

The proposed solution incorporates several advanced features that extend beyond simple ownership transfers. These include support for fractional ownership, enabling multiple parties to own stakes in a single domain name; domain bundling, allowing the grouping of several domain names into a unified asset for collective transfer; and multi-signature authorization, where more than one party must provide consent for a domain change to proceed. The patent also details the inclusion of a marketplace layer, where users can buy and sell domains within the system, with transaction fees built into the structure.

According to the application, this model provides a clear alternative to existing domain transfer mechanisms that still rely on traditional registrar oversight and manual ownership verification processes. D3Serve Labs distinguishes its method from similar blockchain-based systems, including one described in a patent application filed by 3DNS. It is noted in the filing that the 3DNS approach continues to depend on registrar involvement and enforces pre-transfer verification, which the D3Serve method aims to eliminate by embedding verification within the smart contract logic itself.

D3Serve Labs is also associated with Namefi, a platform that enables users to mint non-fungible tokens (NFTs) based on domain names. The company holds accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), granting it legitimacy and operational authority within the domain name ecosystem.

The current patent application, filed on December 12, 2024, claims priority from an earlier provisional application dated December 12, 2023. This timeline underscores the company’s long-term focus on reshaping how digital identities and internet assets are managed and transferred through decentralized means.

With an increasing number of blockchain firms seeking to expedite domain transactions, D3Serve Labs’ filing reflects a growing shift toward decentralized ownership infrastructures. The company’s design emphasizes user autonomy and security while still maintaining regulatory compliance—an approach that may appeal to domain investors, Web3 developers, and digital asset holders seeking more flexibility in managing their digital properties.

As digital asset ecosystems continue to mature, D3Serve Labs’ proposed method could contribute to a broader trend of decentralization across key internet infrastructure services. If approved and implemented, the patent may set a new standard for how domain transfers are handled in the age of blockchain.

LATEST POSTS

Team Heretics Integrates Blockchain Wallet Into Official Store

Team Heretics has taken a pioneering step in the esports industry by becoming the first organization to incorporate a blockchain wallet directly into its official...

Nauru Passes Law to Establish Digital Asset Regulator

Key Takeaways The legislation defines crypto as a commodity rather than a security and excludes payment tokens from being considered investment contracts. The regulator will also supervise...

BCH Stages Surprise Run to Near $500 as Volumes Spike 500%

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya...

XRP Early Buyers Accelerate Profit-Taking as Regulatory Wins Bolster XRP Ecosystem

XRP XRP has staged one of the strongest rallies among crypto majors this cycle, but early retail holders are heading for the exit under the...

Most Popular