TL;DR Web3 domains simplify access to wallets and DApps, functioning as readable and multifunctional digital identities. They are still not recognized by ICANN and require extensions, which limits their integration with browsers and reduces their reach. The lack of standards and market fragmentation raises doubts about their long-term validity and support. Web3 domains have emerged. . .
source: https://crypto-economy.com/web3-domains-what-are-their-advantages-and-why-do-experts-recommend-using-them/