Web3 domains like .eth could shape the future of digital identity. They offer decentralized, user-controlled identifiers tied to blockchain, enabling secure, censorship-resistant online presence. Unlike traditional domains, they integrate with wallets, dApps, and NFTs, streamlining authentication and ownership. However, scalability, user adoption, and regulatory hurdles remain challenges. Mainstream acceptance depends on usability improvements and broader infrastructure support. They’re a promising step toward self-sovereign identity, but not a guaranteed future.

Reference: coindesk.com