Unstoppable Domains Launches First Dedicated Marketplace for Tokenized ‘.com’ Domains

Web3 domain names and digital identity provider Unstoppable Domains has launched its marketplace for Web3 and tokenized ‘.com’ domains.

According to the press release shared with Cryptonews, the latter is the first in the industry.

The move enables users to list and buy a range of Web3-enabled domains seamlessly.

Unstoppable Marketplace, said the team, is “pioneering support for tokenized .com domain trading, offering unparalleled access to a variety of tokenized domain options.”

Sandy Carter, Chief Operating Officer at Unstoppable Domains, commented that “the need for a seamless and user-friendly platform to trade onchain domain names has never been greater.”

Adding Traditional Payment Methods: PayPal, Apple Pay, Google Pay

The Unstoppable Domains Marketplace aims to “make domain trading as easy, streamlined, and convenient as possible,” the team said.

This includes everything from listing and buying to completing transactions and managing transfers.

The Marketplace, Carter added, allows users to do all this directly on the website.

To accomplish its goal, the announcement said, the platform has added support for credit cards, as well as PayPal payments, Apple Pay, and Google Pay on mobile devices.

This is in addition to the existing cryptocurrency payments.

Per the announcement, the move “allows non-crypto-native users to effortlessly make transactions under $10,000.”

Unstoppable remarked that its marketplace is the first in the Web3 industry to support these traditional payment methods.

Overall, the marketplace provides sellers with a suite of features and functionality that allows them to easily list and manage their domains, access a wider audience thanks to flexible payment options, and have automatic transfers after a domain is purchased.

For buyers, the marketplace provides fast discovery of Web3 and tokenized .com domains in a single place, traditional and crypto payment methods, and automatic and guaranteed domain transfers after purchase.

Extremely proud of the team for getting V1 launches out for a few new products this month. As a startup one of the best things to watch is if you are shipping relevant updates on time. And I'm happy to say everything seems to be going well at Unstoppable.

Moar to come!

— matt.crypto | matt.pudgy (@matthewegould) June 21, 2024

Turning Domains Into Tradable Assets

In late May this year, Unstoppable announced it was bridging the gap between Web2 and Web3 by launching tokenization for ‘.com’ domains.

It went on to explain that, once tokenized, traditional domains such as ‘.com’ become dynamic, tradable asset. This means that they can be bought, sold, and leased.

There are a number of benefits to tokenization, including:

• extending the domains’ market reach;
• extending the utility of conventional domains, including sending and receiving crypto via a domain, linking it to a decentralized website, or using it as a unique identifier;
• allowing domains to be connected to social profiles, digital assets, and business operations, creating a unified online presence.

Then, on June 25, Unstoppable made another major step with the launch of its white-labeled digital wallet, enabling Web2 registrars to manage and deliver tokenized ‘.com’ domains.

The wallet is a product of a collaboration with the institutional-grade digital asset custody infrastructure provider Fireblocks.

Additionally, it comes with a built-in chat feature enabling communication between domain holders.

Meanwhile, these are just a few in a row of Unstoppable’s recent announcements.

https://twitter.com/unstoppableweb/status/1804205320383963539