Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

NFT-Based Domain Trading Platform Cloudname Announces IDO on Polkabridge

Cryptocurrency Feb 15, 2022 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. NFT-Based Domain Trading Platform Cloudname Announces IDO on Polkabridge

The non-fungible technology is a revolution in its own right, as it is bringing a change in so many industries. Though most commonly associated with the art world, it isn’t limited to it alone. After all, NFTs are influencing other industries as well. For example, the leading hip-hop star Nas recently gave away royalty of two of his songs through NFTs. Such a creative use case proves that NFTs have vast applications. Now the question is, which industries are we talking about here?

The sectors where the non-fungible technology is making its presence felt include real estate, music, gaming, consumer & luxury goods, among others. Real estate, for one, is a major industry where NFT technology is finding its application, leading to an increase in demand for NFT-powered fractional ownership real estate platforms.

Now, it’s time for domain trading, as Cloudname, which is soon going to hold an IDO on PolkaBridge, is bringing the game-changing technology to this growing market. Considering that there are over 400 million domains, resulting in a potential economic value of over $200 billion, the domain trading space is ripe for NFT-led disruption led by Cloudname in the driving seat. So, let’s look at what Cloudname has to offer to the crypto world.

Supercharged Domain Trading Experience

Domain traders, so far, have been neglected by the emerging blockchain space. Though blockchain-based domain providers have entered the market in recent times, they mostly target the user base looking to register a block-based domain to sell their products & services in crypto & accept crypto payments. They do not provide any specialized features catering to the needs of domain traders, as there is no trading functionality on these platforms.

Well, it is about to change, as Cloudname is bringing the power of blockchain technology to domain trading, essentially supercharging this space. It is the first of its kind one-in-all domain trading platform offering both blockchain & traditional domain trading opportunities.

If you are a domain owner that wants to trade their domain through Cloudname, all you need to do is tokenize your domain name into an ERC-20 token through the platform and start trading right away.

Cloudname Features

Davide Vicini, Cloudname’s CEO, sums up Cloudname as “a contemporary blend of innovation, digitization, and investment that will bring untapped opportunities to the masses interested in exploring the world of domain trading.”

At Cloudname, traders can access features like tokenization, renting, an intuitive & straightforward way to create a personal portfolio, trend spotting, live pricing tracker, and market data & statistics tracker.

Tokenization and fractionalization

The tokenization feature of Cloudname allows domain traders to create non-fungible tokens for their domains, and all it takes to do so is just a couple of clicks. With this feature, traders can benefit from the domain fractionalization. Here’s how it will work:

Let’s say you own a domain, which according to you, has a valuation of $50,000, as it is an in-demand domain. Selling at $50,000 at one go can be a bit difficult initially & may take a considerable time to find a buyer. But with Cloudname’s tokenization feature, you can create 100 tokens of $500 each, which makes selling a domain easier. The buyers of these tokens will now benefit from any price appreciation in the future and earn a profit on their investment.

Renting

If you believe that your domain name is worth hundreds of thousands of dollars and want to continue holding on to it for a long time, you will benefit from Cloudname’s renting feature. Such a proposition will also benefit users who want to use in-demand domains for their business websites. So, overall it is a win-win situation for both.

Live Pricing & Market Statistics Tracker

Cloudname offers various trackers to help its users be up-to-date about available domains for sale and their prices. To do so, Cloudname has integrated over 20 APIs into its platform. Along with this, Cloudname also shows relevant data & statistics regarding your domain and provides predictions about its valuation over time.

Personal Portfolio

With Cloudname, you can actively manage your investments in a simple and intuitive interface to grow your domain portfolio.

Bringing Domain Trading to Mainstream

Domain trading, though lucrative, hasn’t become a part of the mainstream financial investment space yet because of a variety of factors, which includes lack of tools & education today. With Cloudname taking it upon itself to bring the change in the industry, we may see more & more users enter to benefit from this emerging alternative investment industry. Do you want to become a part of this revolution? You can take part in the upcoming IDO that Cloudname is holding on PolkaBridge. So, be on the lookout for it.

Disclaimer: CoinQuora does not endorse any content or product on its page. While we aim to provide you with all relevant information that we could obtain, readers are encouraged to do their own research before taking any actions and bear full responsibility for their decisions. Please note that this article does not constitute investment advice.

Continue reading on CoinQuora

NFT-Based Domain Trading Platform Cloudname Announces IDO on Polkabridge
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email