The OVER (Over the Reality) platform has been spearheading the charge when it comes to technological innovation in the context of blockchain and AR-enabled metaverse implementation. Most recently, the team announced that ENS domains are now available on the OVER Marketplace, with the platform proudly announcing a new naming system for the OVER Metaverse, ‘One word DNS’ (Domain Name System).
What is the purpose of this?
A primary objective of the DNS system is to allow anyone to secure the unique name they desire. Moreover, this is an opportunity for businesses to get their branding and words relevant to their business, as well as a chance to anticipate the most exciting and in-demand names in the marketplace ahead of time.
Additionally, in order to successfully identify their OVRLand and the experiences created on it, users can now even buy a name which accurately reflects their personality along with their individual style and preferences, thereby providing enhanced customizability.
Essentially, the ENS (Ethereum Name Service) acts as a blockchain domain naming protocol designed for the Ethereum Blockchain that enables customers to create a readable and simple OVRLand name. Numerous words have gone viral since the introduction of this new feature, so the team encourages the platform's users to quickly take advantage of this unique opportunity if they want to select their respective domains.
How is this useful?
The DNS and Ethereum domains are two separate but related technological and market opportunities. DNS serves as the system which converts human-readable domain names into the IP addresses that computers use to communicate on the Internet.
In this way, as an increasing number of devices are connected to the Internet and more services are made available online, a dependable and effective DNS system becomes all the more crucial in ensuring that users can easily access the services they require. Furthermore, DNS allows businesses to organize and manage their digital assets, as well as individuals to successfully establish their online presence.
Although the DNS market is well-known and controlled by a few prominent players, there is still room for innovation and competition. The Ethereum market, on the other hand, is new and constantly evolving, with a significant market opportunity in the development and application of dApps.
Why are spatial domains important and what role does OVER play?
Ultimately, spatial domains provide numerous advantages, such as increased security, ownership, and control over virtual assets and identities. As blockchain technology grows in popularity and adoption, everyone is slowly but surely recognizing the significance of having specific spatial domains for both businesses and individuals. Keeping the aforementioned information in mind, Over the Reality chose to give everyone the chance to guarantee them of their spatial domain.
Also, it is important to realize that the Internet is becoming increasingly crowded as businesses go digital, and those interested in a domain have nearly limitless opportunities to tap into the metaverse and spatial domains. Due to this, new opportunities for businesses to represent their digital presence in a world with new customers have emerged which makes this a perfect time to get involved.
Considering the benefits listed above, purchasing a domain for individual or business use could have tremendous potential as doing so will offer greater control over digital identities while simultaneously being a safe and decentralized method of managing assets. Feel free to visit the dedicated page of the OVER Marketplace for more information about the domains and how to buy them, but remember that time is of the essence.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.