Satoshi discussed about BitDNS - the Namecoin merged mining
"The incentive is to get the rewards from the extra side chains also for the same work.
While you are generating bitcoins, why not also get free domain names for the same work?
If you currently generate 50 BTC per week, now you could get 50 BTC and some domain names too.
You have one piece of work. If you solve it, it will solve a block from both Bitcoin and BitDNS. In concept, they're tied together by a Merkle Tree. To hand it in to Bitcoin, you break off the BitDNS branch, and to hand it in to BitDNS, you break off the Bitcoin branch.
" Satoshi Nakamoto
BTT December 09, 2010
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