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MeshNet Launches Decentralized DNS Alternative That Pays Users to Host Resolution Nodes

Web3 infrastructure startup MeshNet has launched a decentralized DNS system where anyone can earn token rewards by running a resolution node, challenging ICANN's centralized domain name system with a crypto-incentivized alternative.

MeshNet Launches Decentralized DNS Alternative That Pays Users to Host Resolution Nodes

MeshNet, a web3 infrastructure startup headquartered in Zug, Switzerland, has officially launched its decentralized domain name resolution network after 18 months of development and a $32 million raise. The protocol introduces a crypto-incentivized alternative to ICANN's centralized DNS, where everyday users can earn passive income by operating resolution nodes from their home internet connection.

The Problem with Centralized DNS

The current domain name system relies on a hierarchical chain of root servers, top-level domain (TLD) operators, and registrars — all ultimately governed by ICANN, a California-based nonprofit. This centralized model creates several vulnerabilities: single points of failure, censorship risks, and dependency on registrars who can suspend domains at government request.

How MeshNet Works

MeshNet replaces the traditional DNS hierarchy with a distributed hash table (DHT) overlay network maintained by incentivized node operators. Domain names are registered as ERC-721 NFTs on Ethereum, with resolution records stored on IPFS and referenced via the NFT's metadata.

When a user types a MeshNet domain (ending in .mesh), their browser queries the nearest resolution node — which can be any participant's home node. Nodes earn $MESH tokens for every successful resolution, proportional to their uptime and bandwidth contribution. The protocol uses a modified RAFT consensus mechanism to ensure resolution consistency across the network.

Economic Model

  • Node operators: Earn $MESH tokens, currently yielding approximately $12-18/month per active node at prevailing token prices
  • Domain registrants: Pay a one-time NFT minting fee (~$50 equivalent) plus a $5/year renewal in $MESH
  • No renewal censorship: Once minted, a .mesh domain cannot be seized, suspended, or transferred without the owner's private key

Early Adoption and Risks

Over 42,000 nodes are currently active across 91 countries, making MeshNet one of the largest DHT-based networks by node count. Early adopters include privacy-focused websites, crypto-native services, and several darknet markets that have migrated to .mesh domains.

Regulatory uncertainty remains high. The SEC has not yet issued guidance on whether $MESH tokens constitute securities, and several ICANN-accredited registrars have lobbied the NTIA to investigate whether .mesh domains violate U.S. telecommunications law.

MeshNet and all associated entities are fictional, created for illustration purposes.