Overview
- The Foundation is gauging community support via a public vote and says it will file for both gTLDs in Q1 2026 when ICANN’s first round since 2012 is expected to open.
- Estimated costs total about $700,000 upfront and roughly $350,000 per year, which the Foundation says it will pay directly rather than drawing on Cardano’s treasury.
- If approved, the namespaces would allow registrations such as yourname.ada or projectname.cardano and could back features like simpler wallet addresses and Web2–Web3 identity links.
- The plan outlines registry policies, transparency reporting, a proposed Community Advisory Group, and exploratory work with Ada Handles and Handshake, while some community members question Foundation influence.
- Market reaction has been muted, with ADA near $0.62 as analysts say near-term price action is driven more by technicals and broader crypto sentiment than infrastructure announcements.