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Some people act like "decentralized" is some miracle. The vast majority of people just want stuff to easily work without a bunch of hassle or effort.
Also, is this really "decentralized" if there is a Handshake token? Who controls the supply?
It reminds me of something like Ripple. How is that decentralized?
Throw in trendy words like crypto, blockchain, nft, etc.
At some point there needs to be a real world case use that makes people's lives better.
I just don't see the actual use case for these personally. The domain system works fine, as is, for almost everyone.
New extensions, in large part, failed because of lack of real world demand. Those worked the same way as existing domains.
This change would require a different format, on top of special software, extensions, or settings.
And as far as .crypto goes, ICANN will just end up delegating the actual extension, on the actual route servers, at some point that will be accessible in a normal browser.
It is nothing new. ICANN did the exact same thing before - https://en.m.wikipedia.org/wiki/New.net
Brad