Gate.io, a prominent cryptocurrency exchange and pioneer in Web3 technologies, has revealed its collaboration with D3 Global, an innovative domain name company working on interoperable digital identities. Together, they plan to submit an application to acquire the ‘.gate’ Top-Level Domain (TLD) during the upcoming application window facilitated by ICANN. This strategic move positions Gate.io as the inaugural cryptocurrency exchange expressing interest in securing its exclusive TLD.
Since its establishment in 2013, Gate.io has maintained a consistent presence among the top 10 crypto exchanges, as evidenced by its impressive liquidity and trading volume rankings on CoinGecko. Beyond its core exchange offerings, Gate.io has expanded its ecosystem to encompass decentralized finance, research and analytics, venture capital investments, wallet services, startup incubation, and various other services. With a global user base exceeding 13 million active users, the platform has successfully diversified its offerings to cater to a broad audience.
D3 Global is a provider of digital infrastructure, specializing in the provision of secure, decentralized, and interoperable identities at the foundational layer of the Internet—the Domain Name System (DNS). D3’s pioneering platform, protected by pending patents, represents a breakthrough in delivering authentic domain names that effortlessly connect the realms of conventional Internet infrastructure and Web3 ecosystems. The D3 team is renowned for its leadership in domain name monetization, expertise in internet protocols, and successful management of various TLD operations, including .xyz, .inc, .tv, and .link.
Marking a Turning Point in Web3
TLDs constitute the concluding segment of website addresses, upheld within the Internet’s DNS. Well-known instances encompass “.com” and “.org,” which seamlessly integrate with conventional web browsers. In contrast, decentralized blockchain-based systems employing extensions like “.eth” and “.crypto” operate independently and are not compatible with the standard DNS of the traditional web. Current Web3 naming systems face compatibility issues with the traditional Internet infrastructure.
This leads to the absence of essential functionalities, brand ambiguity, and security vulnerabilities. D3’s platform aims to bridge the gap between traditional Internet and Web3 ecosystems, offering improved utility, enhanced security, and universal access for what the company terms ‘real Web3 domains.’ Securing approval for a ‘.gate’ TLD through the collaboration with D3 would empower Gate.io users to establish personalized web addresses that seamlessly work across both Web2 and Web3 systems.
This implies that a single address can function as a digital identity across Web2 browsers, email services, as well as blockchain wallets, and other Web3 tools. Through its collaboration with D3, Gate.io reaffirms its status as a market innovator. Together, the two companies will pioneer the development of forward-looking, interoperable digital identities that seamlessly combine the strengths of the current Internet infrastructure and the evolving technologies of Web3.
Dr Lin Han, Founder and Chief Executive Officer at Gate.io, said, “We are constantly developing innovative new solutions for our growing ecosystem. Our partnership with D3 will allow us to offer exciting identity solutions that enhance their trading experience and open the Gate.io ecosystem up to billions of Internet users worldwide while maintaining the safe and secure environment our users have grown accustomed to.”
Fred Hsu, Chief Executive Officer at D3, said, “We are thrilled to welcome Gate.io on our journey to make Web3 more accessible, scalable and secure with simple, interoperable digital identities built on the DNS. This partnership will enable us to offer our unique identity solutions to over 13 million Gate.io users worldwide, giving them access to innovative solutions that will enhance their journey across Web3.”
In their collaboration, Gate.io and D3 strive to deliver a groundbreaking solution to millions of users, tackling the interoperability hurdles between Web3 and Web2. Leveraging D3’s platform, which is protected by pending patents, the partnership integrates traditional Internet and Web3 ecosystems to provide improved utility, security, and universal access. The partnership endeavors to create a user-centric experience that not only meets current needs but anticipates and adapts to the evolving dynamics of the internet landscape.
