InternetX, a domain registrar, plans to tokenize its portfolio of 22 million domains using Doma Protocol. This partnership could reshape domain financing.
Partnership Between InternetX and Doma Protocol
Doma Protocol is a DNS-compliant blockchain platform designed for domain finance. Through this partnership, InternetX will enable customers to convert traditional domains into blockchain tokens.
Opportunities of Domain Tokenization
Domain tokenization could unlock new use cases like crypto trading, fractional ownership, and other Web3 applications. InternetX customers will gain access to new distribution channels via Doma, with bridging capabilities to major blockchains including Solana and Avalanche.
Growing Interest in Real-World Asset Tokenization
Domain service tokenization is part of a broader trend of moving real-world assets onto blockchain. Estimates show the total value of on-chain tokenized assets has already surpassed $25 billion. This trend is supported by increasing institutional demand and clearer regulatory signals.
The tokenization of InternetX domains through Doma Protocol could transform the financial model within this space and lead to a new phase in blockchain technology development.
