Doma Mainnet Goes Live, Bringing 30M Domains On-Chain As Tokenized Tradable Assets
Organization liable for the event of Doma Protocol introduced the launch of its mainnet, introducing what it describes as the primary DNS-compliant blockchain designed for turning web domains into programmable, tradable belongings. This marks the primary occasion during which DNS domains might be tokenized and exchanged onchain whereas nonetheless retaining their regular web features.
Domain names have lengthy been thought-about a serious digital asset class, with a world market valued within the lots of of billions and premium names steadily promoting for substantial sums. Despite their worth, domains have historically been troublesome to deal with as liquid belongings, functioning extra like static property that might solely be held or bought outright. Doma goals to alter this by establishing its DomainFi framework, permitting customers to tokenize DNS domains, commerce them as ERC-20 tokens, transfer between domain-backed belongings and different tokens, and earn charges or utility by way of staking and liquidity provision.
Tokenization has already been utilized to belongings corresponding to artwork and actual property, and Doma extends this method to the web’s naming layer. The mainnet launch additionally introduces the primary tokenized domains, together with Software.ai and Brag.com, which now function by way of ERC-20 liquidity swimming pools on the protocol. This allows shared, onchain possession of premium domains that had been beforehand inaccessible to most market contributors.
Doma has additionally secured partnerships with a number of main area registrars, together with InterNetX, NicNames, EnCirca, Rumahweb, ConnectReseller, and Interstellar. Together, these companions handle greater than 30 million domains that may now be found and tokenized by way of the protocol.
Doma Mainnet Bridges DNS And Blockchain, Turning Domains Into Tokenized Onchain Assets
The mainnet establishes a connection between the standard DNS system and main blockchain ecosystems, making it potential for domains to be tokenized and used inside decentralized finance purposes, together with onchain exchanges the place belongings might be traded immediately with out creating an account. Through this integration, tokenized domains can now flow into throughout networks corresponding to Base, Avalanche, and Solana, every of which processes vital buying and selling exercise and liquidity. This offers domains rapid entry to markets and buying and selling environments which have by no means existed inside the standard area business, eradicating the necessity for gradual negotiations or broker-driven gross sales.
Doma can also be interoperable with the Ethereum Name Service, marking an necessary step towards bringing varied digital id programs collectively beneath a shared framework.
The protocol depends on infrastructure supplied by established business applied sciences, together with omnichain messaging, modular information availability, pockets instruments, rollup structure, and decentralized RPC networks. These elements assist a system designed for scalability, safety, and dependable manufacturing use.
Domain names have lengthy been thought-about beneficial digital belongings, however their limitations in liquidity and programmability have prevented broader monetary participation. With the arrival of Doma’s mainnet, this asset class shifts into a brand new part during which web domains develop into lively onchain devices, signaling the start of a brand new period for the web’s naming layer.
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