Unstoppable Domains, a provider of Web3 domain names and digital identities, has launched its marketplace for tokenized ‘.com’ domains. The press release emphasizes that this initiative marks a first in the industry, allowing users to seamlessly list and purchase a variety of Web3-enabled domains. According to the team, the Unstoppable Marketplace is leading the way in supporting tokenized ‘.com’ domain trading, offering extensive options and accessibility. Sandy Carter, Chief Operating Officer at Unstoppable Domains, highlighted the increasing demand for a user-friendly platform for trading onchain domain names.
Adding Traditional Payment Methods: PayPal, Apple Pay, Google Pay
The Unstoppable Domains Marketplace aims to simplify domain trading, striving for ease, efficiency, and convenience, according to the team. This encompasses functionalities such as listing, purchasing, completing transactions, and managing transfers all within the platform. Sandy Carter further emphasized that users can perform these tasks directly on the website.
To achieve these objectives, the announcement highlighted that the platform now supports various payment methods including credit cards, PayPal, Apple Pay, and Google Pay on mobile devices, in addition to existing cryptocurrency payment options.
As per the announcement, this move enables non-crypto-native users to effortlessly conduct transactions under $10,000. Unstoppable Domains noted that its marketplace is pioneering in the Web3 industry by supporting these conventional payment methods.
In general, the marketplace offers sellers a comprehensive set of tools to easily list and oversee their domains, reach a broader audience through flexible payment choices, and ensure automatic transfers post-purchase.
For buyers, the marketplace facilitates quick discovery of Web3 and tokenized ‘.com’ domains in one location, provides both traditional and cryptocurrency payment options, and guarantees automatic domain transfers upon purchase.
Turning Domains Into Tradable Assets
In late May of this year, Unstoppable Domains announced its initiative to bridge the gap between Web2 and Web3 through the tokenization of ‘.com’ domains.
The initiative aims to transform traditional domains like ‘.com’ into dynamic, tradable assets. Once tokenized, these domains can be bought, sold, and leased.
There are several benefits associated with tokenization:
– Expanding the market reach of domains.
– Enhancing the functionality of conventional domains, such as facilitating crypto transactions via a domain, linking it to decentralized websites, or using it as a unique identifier.
– Enabling domains to be linked with social profiles, digital assets, and business operations, thereby creating a unified online presence.
On June 25, Unstoppable Domains marked another significant milestone by introducing a white-labeled digital wallet. This new offering allows Web2 registrars to effectively handle and distribute tokenized ‘.com’ domains.
Developed through a partnership with Fireblocks, a provider of institutional-grade digital asset custody infrastructure, the wallet also includes an integrated chat feature for communication among domain holders.
These developments are part of a series of recent announcements from Unstoppable Domains, highlighting their ongoing innovation in the domain and digital asset management space.
