No. Similar to a USB hub, the isolator is “transparent” to the computer and doesn’t require any driver or configuration in settings.
Does it support USB 3.0 and 3.1?
Yes it works with USB 3.X ports. It will max out at 480Mbps, meaning if you connect a USB3.0 hard drive you will not get transfers at 5Gbps speeds. Audio devices doesn’t need more than 480Mbps, so it will be sufficient. Most devices that require USB galvanic isolation doesn’t require 5gbps.
Does it support asynchronous USB?
Yes it supports all USB types, the isolator doesn’t care, it just passed on the data to your computer.
Will it improve the sound quality from my DAC?
It depends on your DAC, computer and electrical environment. If you have a ground loop then it will be removed by using a USB isolator. Additionally the isolator will clean up the 5V DC from your computers USB port. Some computers have very noisy USB power, while other are not so noisy, so the difference will depend on the starting point.
Is it sure to fix the noise I’m getting from my sound card/microphone/midi keyboard/other device?
It will fix noises that are caused by ground loops, often presented as whining, buzz or loud shh noises. However some noises are have other causes. For example the microphone preamp might be noisy by itself, or an electric guitar might pick up noise in the air from other equipment. For those noises USB isolation and better quality, low noise DC power will probably not help much.