Unstoppable Domains expands domain registrar capabilities with a white-labeled wallet for tokenized ‘.com' domains, driving mainstream web3 adoption.
SAN FRANCISCO, CA / ACCESSWIRE / June 25, 2024 / Unstoppable Domains, the largest Web3 domain name provider and digital identity platform, today announces the launch of its white-labeled digital wallet, enabling web2 registrars to manage and deliver tokenized ‘.com' domains.
"Tokenization provides significant value to registrars as it allows them to tap into the emerging web3 space while retaining all the benefits of traditional domains," said Sandy Carter, COO of Unstoppable Domains. " Our white-label wallet solution delivers a branded wallet that can be sold by registrars, generating recurring revenue while positioning them at the forefront of Web3 innovation."
The white-labeled wallet - a collaboration between Unstoppable Domains and institutional-grade digital asset custody infrastructure provider Fireblocks - is designed to be intuitive, making it simple for domainers to manage their tokenized domains.
The wallet also facilitates communication between domain holders through a secure, built-in chat feature. This adds a unique interaction layer, whether for customer support or business negotiations.
Registrars can charge users an annual fee for wallet services, creating a steady recurring revenue stream. The white-labeled solution also allows businesses to integrate their branding into the wallet - ensuring a consistent user experience that aligns with their brand identity.
When tokenized, traditional domains become dynamic, tradable assets that can be easily bought, sold, and leased, enhancing their market reach. Tokenization also extends the utility of conventional domains. This includes sending and receiving cryptocurrency via a domain, linking it to a decentralized website, or using it as a unique identifier. These domains can also be connected to social profiles, digital assets, and business operations, creating a unified and robust online presence.
This latest solution marks a significant expansion for Unstoppable, enabling the provision of Web3 domains and driving its mission of web3 adoption across the digital landscape. Unstoppable already works with 15 registrars, including GMO Internet Group, Entorno, Namespro Solutions, Endless Domains, and others, allowing them to offer Web3 domains to their clientele.
In line with this mission, Unstoppable has teamed up with over 10 web3 companies to help them strategize and apply to the next Internet Corporation for Assigned Names and Numbers (ICANN) general Top Level Domains (gTLD) application round in 2026. The goal is to create Web2-Web3 domain "twins," allowing users, brands, and companies to take the best from both worlds and fully leverage the power of Web3 domains within the traditional Internet space.
"Connecting web3 services to web2 domains provides access to the rapidly evolving crypto market that has billions of dollars of liquidity and new growth opportunities. As a registrar in a maturing industry, this is an innovation we cannot afford to ignore."said Vicole So, Owner + Managing Director, Namespro Solutions Inc.
For more information, please visit: unstoppabledomains.com
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About Unstoppable Domains
Launched in 2018, Unstoppable Domains is a domain name provider and digital identity platform working to onboard the world onto onchain domains. Unstoppable Domains offers Web2 and Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with more than 865 apps, wallets, exchanges, and marketplaces. The company was named by Forbes as one of America's Best Startup Employers in 2023.
For more information, please visit: https://unstoppabledomains.com/
SOURCE: Unstoppable Domains
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