D3Serve Labs has submitted a patent application for a blockchain-based system aimed at facilitating domain name transfers. This innovative approach eliminates the need for prior approvals from registrars or registries and introduces features such as fractional ownership.
The patent application outlines a method whereby ownership of domain names is managed through smart contracts. This allows registrants to transfer ownership directly by publishing blockchain transactions, with registrars or registries being involved only when changes to resource records are required.
Some notable features outlined in the application include:
- Fractional ownership
- The ability to bundle several domains into a single transferable asset
- Multi-signature authorization, which necessitates the approval of multiple parties for domain transfers
- A marketplace feature that functions atop the system and imposes transaction fees
D3Serve Labs positions its approach as distinct from that described in previous patent applications by other companies, particularly with respect to maintaining conventional requirements for information collection and registrar facilitation.
The company, associated with Namefi — which offers the ability to mint NFTs based on domain names — is also recognized as an ICANN-accredited domain registrar. The application was officially filed on December 12, 2024, and the USPTO has since published the details.
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