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Why we bought Citizenship.eth

Why we decided to buy Citizenship.eth

Why we decided to buy Citizenship.eth

In the fast-paced digital landscape, traditional citizenship and identity are morphing into something previously unimagined.

March 23, 2024

·

Lisbon, Portugal

The Ethereum Name Service (ENS) has, for some time, been quietly carving its own path in this transformation, and we have leaped forward by securing a pivotal piece of this infrastructure.

In this post, we’ll deep-dive into the reasoning behind our strategic acquisition of Citizenship.eth and explore why ENS domains are more than just a trendy crypto asset — they are keystones to the future of identity.

Why We're Bullish on ENS Domains

ENS domains have rapidly evolved from simple Ethereum addresses to a thriving ecosystem of decentralized identities and services. These domains, secured on the Ethereum blockchain, offer a level of ownership and control that traditional domains on the World Wide Web do not. What's more, they function as a gateway to a range of decentralized applications, providing a seamless user experience and a layer of security and privacy that is unparalleled.

Their initial conception—simplified URLs for complex wallet addresses—has fast-forwarded into an ecosystem where these digital assets represent brands, intellectual property, and even calls to action. The natural next step is for them to become integral to something far more profound: the expression, action, and governance of one’s rights in the digital age.

With ENS, not only can you point your .ETH names at any cryptocurrency address, but also at hashes for distributed file sharing networks such as IPFS, Sia, and Swarm. You can create decentralized websites, Tor .onion addresses, display your profile info, and ultimately store any data with custom text records.

The adoption of ENS domains has been meteoric. From a niche community to a rapidly expanding network, they have seen consistent growth in both the number of domains registered and the diversity of applications that use them. Organizations, influencers, and individuals from all walks of life recognize these domains' value and integrate them into their daily digital lives. With over 200 integrations, including 45 wallets and browsers like Opera and Brave, ENS Domains are now the most integrated blockchain naming standard.

In acquiring citizenship.eth, we've made a strategic bet on ENS as a critical piece in the evolving puzzle of digital citizenship and personal branding. We see ENS domains not simply as convenient addresses for your digital wallets but as the lodestones for individuals’ stake in the global digital economy. Essence over entity, in this digital age, your ENS domain is your personal genealogy in the Ethereum network.

Subdomains, such as vanuatu.citizenship.eth, dominica.citizenship.eth, or malta.citizenship.eth, represent not just an expansion of our brand into the digital ethers but a bold reimagining of personal and collective identity within the Ethereum ecosystem. Imagine a future where your digital identity is as dynamic and multifaceted as you are—where each subdomain reflects a different aspect of your persona or business endeavors. These subdomains could serve as gateways to personalized experiences, exclusive communities, and even bespoke services tailored to the nuanced identities they represent. For individuals, a subdomain could symbolize a unique facet of their digital footprint, such as john.doe.citizenship.eth. With each subdomain, we are not just acquiring digital real estate; we are laying down the foundation for a vibrant, interconnected digital society where identity, interests, and innovations intersect in the most premium and optimistic ways imaginable.

CitizenX: Revolutionizing Access to Citizenship

CitizenX is not just a citizenship by investment platform—it is the culmination of a vision to democratize and digitize the right of entry to sovereign citizenship. End-to-end, the platform seeks to provide a robust, secure, and unparalleled user experience for those who seek to enhance their global identity through the acquisition of citizenship.

The implications of having citizenship.eth within the CitizenX platform are thrilling. It becomes a singular digital identity and a portal to a sovereign digital state. This single domain could tie in with global business, resources, and mobility.

This is not a vision that can be built within the confines of today's standard thinking. It requires a confluence of legal, technological, and social innovation. Our task is to bring these aspects together through a platform that ensures not just accessibility and investment potential but security, privacy, and an unmatched degree of personalization.

Citizenship as an Asset

The acquisition of citizenship.eth symbolizes a wider understanding—citizenship, in all its forms, is an inherent asset. It has financial, social, and emotional value. As such, the buy-in to such a domain represents an investment in one's future, not just a monetary one, but an investment in participation and integration into a new, rapidly developing economic framework.

This is not merely speculation but a tangible foresight into the future of economic renaissance and personal reinvention. By establishing a connection in the digital fabric of a world set to redefine economic borders, one can secure a place in the next great leap for civic economic rights. Buying citizenship.eth is not a transaction—it is the purchase of a belief in a global paradigm shift that all stakeholders should recognize and prepare for.

However, as with any pioneering concept, the path forward isn't without its share of challenges and detractors. There are prevailing hesitations around digital sovereignty, personal data security, and regulatory frameworks that will require astute navigation. But we are undeterred, knowing that adversity to revolutionary change is a temporary state before widespread acceptance.

In conclusion, our acquisition of citizenship.eth is more than a token of our confidence in the ENS; it represents a commitment to a novel way of thinking about identity, sovereignty, and the very concept of asset in our increasingly digital world. We invite you to join in the dialogue, to explore ENS as both an investment and a paragon of tomorrow's personal and financial landscape. Together, we stand on the frontier, ready to redefine what it means to be a global citizen in the digital age.

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  • Naval Ravikant

    Naval Ravikant · Angel Investor

    The single most important decision you make is where you live

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG

Bahnhofstrasse 20
6300 Zug, Switzerland


“CitizenX”, the CitizenX logo, and the CitizenX rose are registered trademarks of the company.

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

  • Naval Ravikant

    Naval Ravikant · Angel Investor

    The single most important decision you make is where you live

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG

Bahnhofstrasse 20
6300 Zug, Switzerland


“CitizenX”, the CitizenX logo, and the CitizenX rose are registered trademarks of the company.

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

  • Naval Ravikant

    Naval Ravikant · Angel Investor

    The single most important decision you make is where you live

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG

Bahnhofstrasse 20
6300 Zug, Switzerland


“CitizenX”, the CitizenX logo, and the CitizenX rose are registered trademarks of the company.

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

  • Naval Ravikant

    Naval Ravikant · Angel Investor

    The single most important decision you make is where you live

  • Ray Dalio

    Ray Dalio · Investor

    Location, the physical place where you live and work, can be a risk. Flexiblity is key.

  • Balaji Srinivasan

    Balaji Srinivasan · Investor in CitizenX

    Money is king. But passport is queen.

  • Tim Draper

    Tim Draper · Investor in CitizenX

    I am a member of this new country.

Saint Kitts and Nevis

Join the future of citizenship.

Apply to become a citizen in your next homeland.

The Network State Company AG

Bahnhofstrasse 20
6300 Zug, Switzerland


“CitizenX”, the CitizenX logo, and the CitizenX rose are registered trademarks of the company.

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.