InterNetX Partners with D3 Global to Tokenize Over 22 Million Domains for Trading as Real-World Assets on Blockchain Network

InterNetX Announces Collaboration with D3 Global

InterNetX, a leading European domain registrar, has recently announced its partnership with blockchain startup, D3 Global. The collaboration aims to tokenize InterNetX’s sizable domain portfolio, encompassing more than 22 million domains, converting these into tradable Real-World Assets (RWAs) utilizing blockchain technology. The move is seen as a significant step in linking traditional domain registration and the cutting-edge blockchain realm, bridging gaps and generating new opportunities. The process involves integrating InterNetX’s extensive domain portfolio with the DomainFi infrastructure provided by D3 Global and the Doma Protocol, a blockchain network specifically designed for domain-related services.

Revolutionizing Domain Trading with Blockchain Technology

This partnership unlocks new dimensions to traditional domains, as it allows InterNetX customers to transition their conventional domains into blockchain-based tokens. By leveraging the blockchain’s transparent and immutable nature, tokenized domains can bring forth new horizons in domain trading, distribution channels, and the burgeoning Web3 application sector. These tokenized domains are expected to work harmoniously with the current Domain Name Sytem (DNS) setup while enhancing their utility within diverse blockchain networks, including well-known platforms like Solana, Avalanche, and Base. According to Fred Hsu, co-founder and CEO of D3 Global, InterNetX customers can expect to have domain tokenization capabilities on Doma within this quarter. Furthermore, the partnership’s integration aspect is expected to prioritize features such as fractional ownership, paving the way for increased accessibility and flexibility in the management and use of domains.

Tokenized Domains and NFT Marketplaces

Interestingly, these tokenized domains could be publicly traded on popular Non-fungible token (NFT) marketplaces. Despite this, D3 Global guarantees that the system is engineered to ensure minimal fees and reduced blockchain complexity aimed at making it more accessible and user-friendly. The Doma Protocol allows domains to be tokenized like NFTs, maintaining transparency throughout transactions, minimal transaction fees, and reduced blockchain intricacies. These tokens theoretically create new liquidity, facilitating innovative DeFi use cases that were previously inaccessible to InterNetX users. Essentially, they offer an avenue for retail investors keen on gaining exposure to the new RWA class.

Monetization Opportunities and DeFi Integration

InterNetX’s integration with Doma will also open new monetization avenues for resellers. As per Hsu, domain holders will have a more active role: they can utilize their tokenized assets across existing influential DeFi applications. At the same time, InterNetX acts as the entry point and custodian, embedding itself within the wealth generation journey as the trusted custodians of significant digital real estate.

InterNetX as a Pioneer of Tokenized Domain Names

This initiative essentially positions InterNetX as a trendsetter pioneering a perceived new asset class: Tokenized Domain Names, also recognized as DomainFi. As of the time of writing, Real-World Assets tokenized on-chain amounted to approximately $25.18 billion, with private credit constituting the majority at $15.1 billion. In mid-July, it was reported that tokenized RWA growth on Solana began to surpass Ethereum’s with Solana’s RWA value experiencing over 200% growth year-to-date. Despite this, Ethereum continues to dominate the market, holding over $7 billion of the total $25.18 billion in tokenized RWAs on public blockchains.