The HNS Development Fund supports the Handshake protocol, a decentralized and permissionless naming system aimed at decentralizing internet domain names and improving web security by bypassing traditional DNS and Certificate Authorities controlled by entities like ICANN. Funded by community efforts and focused on non-VC, non-dilutive grants, the initiative dedicates 80% of its resources monthly to independent creators and core developers enhancing the Handshake ecosystem, and reserves 20% for long-term core protocol projects. This approach empowers open source developers to contribute to a more open, secure, and user-owned web. The fund particularly supports projects that bridge Handshake with Ethereum, enhancing decentralization at the internet level and contributing to the growth of the Web3 infrastructure through the development of tools, services, and applications leveraging Handshake's features. This alignment with Web3 principles promotes a broader adoption of a decentralized and community-run internet.
The HNS Development Fund supports the Handshake protocol, a decentralized and permissionless naming system aimed at decentralizing internet domain names and improving web security by bypassing traditional DNS and Certificate Authorities controlled by entities like ICANN. Funded by community efforts and focused on non-VC, non-dilutive grants, the initiative dedicates 80% of its resources monthly to independent creators and core developers enhancing the Handshake ecosystem, and reserves 20% for long-term core protocol projects. This approach empowers open source developers to contribute to a more open, secure, and user-owned web. The fund particularly supports projects that bridge Handshake with Ethereum, enhancing decentralization at the internet level and contributing to the growth of the Web3 infrastructure through the development of tools, services, and applications leveraging Handshake's features. This alignment with Web3 principles promotes a broader adoption of a decentralized and community-run internet.
The HNS Development Fund aims to support the Handshake protocol by financing projects and developers within the Handshake ecosystem. Its main goal is to enhance Web3 infrastructure by creating a secure and user-owned internet namespace, fostering a more open and decentralized web. By backing innovative projects, the Fund facilitates the development of tools and services that capitalize on Handshake's decentralization properties, encouraging broader adoption of web3 principles.
The HNS Development Fund allocates 80% of its funds to independent creators and core developers working on the Handshake protocol on a monthly basis. This funding approach prioritizes non-VC, non-dilutive grants, ensuring support for open-source developers. Additionally, 20% of the funds are reserved for long-term project bounties on the core protocol, with any unused monthly grants rolled over into the reserve, ensuring sustained support for the ecosystem.
The Handshake protocol offers enhanced internet security and decentralization by replacing conventional Certificate Authorities and dismantling the ICANN monopoly on top-level domains. With support from the HNS Development Fund, developers can create and manage decentralized domains, providing a more open and secure namespace. This results in a user-owned internet experience, which aligns with web3 principles, promoting innovation and sovereignty in internet infrastructure.
The HNS Development Fund stands out as the only non-VC, non-dilutive grant funding source within the Handshake community. Unlike traditional VC funding, which often involves equity stakes and centralized influence, the Fund maintains a decentralized approach, empowering developers with financial resources without relinquishing project ownership. This model supports community-driven innovations, fostering a more open and decentralized internet.
The HNS Development Fund is highly relevant to the web3 industry as it champions decentralization and digital sovereignty through its support of the Handshake protocol. By financing projects that utilize a decentralized naming system, the Fund promotes the shift towards a user-controlled internet, aligning with web3’s core principles of decentralization, open-source collaboration, and enhanced privacy.
Grant distribution from the HNS Development Fund is tracked and made transparent through a spreadsheet document detailing each transaction. Additionally, the Fund releases announcements in The Shake, which include detailed information on grantees and the amounts allocated. This transparency ensures community trust and accountability, allowing stakeholders to monitor how funds are being utilized to support the Handshake ecosystem.
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Handshake Alliance supports the Handshake protocol, aiming to decentralize DNS for improved privacy and reduced censorship through collaboration, grants, and fostering innovation.
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