From land deeds to insurance to domain registration to in game assets etc etc, people have all these wonderful ideas. It would be interesting to one day have at least one of these ideas explained.
All the crypto bros printed (mined) a bunch of monopoly money (coins), invented assets (NFTs), bought (allocated to themselves) all the assets (NFTs) using their monopoly money (coins), and want us to buy into these crappy systems with real money so they can sell us the assets (NFTs) while still being the landlords (transaction processors) that charge us rent (fees) on everything forever.
Sure, but even so, how is this implemented? Presumably some organisation needs to uphold this connection. Simply "owning" a domain, in the sense that you "own" an NFT, is not very helpful, you need some kind of actual control over it. Presumably a server is needed to forward the domain to your IP, and someone needs to run that server, right?
The resolution would work by executing some "lookup" smart contract function on a node (you could run your own local node for lookups, or use a public node similar to hitting your ISP's or Google's DNS server).
None of this is really cutting edge, it has been possible for a long time now.
In this case it sounds like that is solved though. I know very little about the structure of the internet, but it seems you are saying that instead of asking a DNS server, every computer would ask the blockchain to resolve the domain name, correct? But wouldn't that require every single device that connects to the internet to "update its firmware" or something? Or could this decentralised DNS somehow emulate the old fashioned kind?
I do think you could expose the same interface as traditional DNS but backed by the registrations in the blockchain. There are browsers that will resolve Ethereum Name Service domains today, but I'm not sure how that's implemented (probably lookups on a public ETH node).
The important improvements IMO are on the registration, transfer, renting of the names rather than the lookup side which doesn't look dramatically different except that other code running on the blockchain could do the lookups too.