NFT domain name monitoring

SOLIDNAMES makes it possible to monitor trademarks among NFT domain names. It covers .ETH (ENS) and Unstoppable Domains (e.g. .BITCOIN, .BLOCKCHAIN, .CRYPTO, .NFT, .WALLET, .X, etc.).

Web3 domain names are blockchain-based. These blockchain domains use this system. ENS is based on the Ethereum blockchain, while Unstoppable Domains works with the Polygon blockchain.

Brand protection among NFT domains

Numerous articles express concern about cybersquatting, particularly speculative cybersquatting, among NFT domain names.

It’s important to remember that NFT domain names operate on a decentralized basis. As such, they are not governed by a centralized authority. This organization is the opposite of the historical domain names orchestrated around ICANN.

What’s more, there are no out-of-court dispute resolution procedures in place. In fact, the equivalent of the “UDRP” procedures issued by the World Intellectual Property Organization (WIPO) do not exist for blockchain domains.

While mechanisms for protecting and recovering NFT domain names are possible, it must be recognized that the absence of a legal framework leads to a great deal of damage.

Trademark cybersquatting among NFT domain names

An article in Les Echos notes that ” speculation in these domain names, in the form of NFTs, is similar to that seen in the early days of the Internet in the 2000s “. It sees these NFT domain names, which ” do not give access to websites but to cryptocurrency wallets “, as “a new craze among crypto-speculators “.

According to the law and technology journal, Expertises, NFT domain names are a threat to trademarks.

The article notes the development of a market for NFT (non-fungible token) domain names. In this context, it notes that ” brands are beginning to take an interest in them and to create them, particularly with a view to metavers “. However, ” others are suffering the plundering of their rights, with no power to act in a decentralized technological universe, with no regulatory authority “.

If you run a brand availability search on NFT domain names, you’ll find that some blockchain domains are already taken.

As a result, marketplaces such as OpenSea offer domain names for sale under brand names such as Amazon below.

Cybersquatting domain names NFT

Cybersquatting NFT domain names using the protected AMAZON trademark

 

These third-party trademark registrations are a nuisance. These cybersquatters of .ETH domain names can be served with “Legal Notice NFT”.

The majority of registrations are speculative. A speculator buys the NFT domain name free of a trademark. He then hopes to resell it at a higher price to the holder of the prior rights.

Nevertheless, speculative cybersquatting is not the only risk to brands. A fraudster can use the domain name <amazonprime.crypto> to try and hijack cryptocurrency payments. What’s more, NFT domain name registration by a third party blocks a brand wishing to develop in the metaverse.

“NFT Alert” to detect a new deposit in an NFT extension

Decentralized domain name registrations are on the rise. In early 2023, the registry for .ETH domain names announced that 80% of domain names registered in .ETH had been registered in 2022. As a result, increased monitoring is required.

To monitor your brand among NFT domain names, SOLIDNAMES offers “NFT Alert”.

NFT Alert” trademark watch monitors new NFT domain name registrations for trademarks on a daily basis.

The detection settings are identical to those of a conventional domain name watch. In other words, the registrations detected can be identical to, contain or closely resemble (to within one letter: an addition, deletion or reversal) a trademark.

Which extensions are covered by NFT domain name monitoring?

The information provided by the “NFT Alert” brand monitoring system is :

  • . domain name
  • holder’s wallet address ;
  • transaction ;
  • registration date.

NFT Alerts are communicated by email. They are also available on our secure customer extranet.

The extensions currently surveyed are those of ENS (.ETH) and Unstoppable Domains (.888, .BITCOIN, .BLOCKCHAIN, .CRYPTO, .DAO, .NFT, .WALLET, .ZIL, X). Solidnames is also adding new web3 extensions, such as .POLYGON in March 2023, to the NFT domain name watch list.

In October 2024, Unstoppable Domains will trade 20 extensions, including the recent .AUSTIN, .DFZ, .FARMS, .GO, .LFG, .POG, .PUDGY, .RAIIN, .SMOBLER, .TBALL.

It’s worth noting that the GlobalBlock program allows you to block a brand name from Unstoppable Domains’ Web3 extensions.

Solidnames sells “NFT Alert” trademark monitoring for €96 excl. tax/year. Trademark monitoring of new NFT domain name registrations can thus be subscribed to for the duration of your choice.

Internet brand monitoring can also include new domain names registered in Internet extensions (“Brand Alert”), expired domain names (“Redemption Alert”) and sub-domains (“Sub-Domains Alert”).

Surveillance mark NFT

Brand monitoring among new NFT domain name registrations

“NFT Monitoring” to monitor a specific NFT domain name

When a new NFT domain name registration is detected, some cases are more sensitive than others. This is why SOLIDNAMES offers the “NFT Monitoring” service.

This is a daily monitoring of an NFT domain name. This service is the equivalent of “SecURL” for a classic domain name.

“NFT Monitoring will monitor and archive the monitored NFT domain name on a daily basis.

Subsequently, the user will receive alerts in the event of modifications, in particular :

For these reasons, NFT Monitoring complements the NFT Alert brand.

The “NFT Monitoring” service is offered at the same price as SecURL, i.e. €0.10 excl. tax/day per domain name. “NFT Monitoring can also be ordered on a prorata temporis basis for the duration of your choice.

In addition to monitoring trademarks among NFT domain names, Solidnames also offers to monitor the registration of new account names (“usernames”) featuring a trademark on social networks.