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DomainSherpa – Down The Rabbit Hole – July 18, 2024: Passport to Earn
Jul 18, 2024
Special guest Hugo McDonaugh of GBM Auctions joins the Sherpas to discuss bid-to-earn platforms, exciting things happening at GBM, and how domain auctions are revolutionized with crypto and Web3 technology. They cover the upcoming auction for premium domain names like BrickWeed_com and ChainChoice_com, as well as the integration of Coinbase's network for tokenizing domains. Tune in to learn about zero starting price auctions, efficient bidding processes, and the potential for earning opportunities in the world of cryptocurrency.
01:05:41
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Quick takeaways
- GBM Auctions introduces bid-to-earn platform tokenizing domain names for efficient price determination.
- GBM expands into domain industry, offering tokenization of traditional domain names via GBM.domains and Dynadot partnership.
Deep dives
Introduction to GBM Auctions and the Bid to Earn Platform
GBM Auctions, co-founded by Hugo McDon, introduces the bid to earn platform, aiming to revolutionize auctions by tokenizing domain names. This platform integrates blockchain technology to ensure fully funded bids, preventing fraud and enhancing price discovery. The bid to earn concept rewards bidders with returns when outbid, aligning incentives between buyers and sellers for efficient price determination.
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