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These domain industry vets discuss their venture to bridge web2 and web3. They explore the convergence of technologies, tokenizing domains, the potential of marketplaces, and plans for a Domainfest event in 2024. Exciting times for the domain industry!
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Quick takeaways
- D3 aims to bridge the gap between Web2 and Web3 technologies in the domain marketplace, disrupting the traditional domain market by tokenizing domains and making them tradable assets on a global marketplace.
- Tokenizing domains offers faster transfers, instant liquidity, fractionalized ownership, and potential royalty payments, attracting buyers from the Web3 community and providing additional income streams for domain owners.
Deep dives
D3: Bridging Web2 and Web3
D3 is a business created by Fred Shoe and Cheyenne Rostam that aims to bridge the gap between Web2 and Web3 technologies in the domain marketplace. They hope to disrupt domain marketplaces by creating D3, a business that can merge the worlds of Web2 and Web3. They recently raised $5 million in funding for their venture. Their goal is to tokenize existing domain names, making them tradable assets on a global marketplace. This would provide a new level of liquidity and attract buyers from the Web3 community, creating new opportunities for domain owners.
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