The NFT market is growing at a significant rate. The estimates claim it crossed the mark of US$40 billion in 2021. Amidst this exploding popularity of NFTs and multi-million dollar sales events, the investment bank Jefferies raised its NFT market capitalization forecast to more than US$80 billion for 2025. The impact of the NFT technology has been wide-ranging, with multiple industries leveraging its growth potential and usability.
These industry segments are as diverse as real estate and entertainment to luxury goods and consumer products. And now, courtesy to a platform called Cloudname, NFT trading has found its footing in the area of domains. The NFT-based trading and tokenization platform lists itself on PancakeSwap the 22 February 17pm UTC after conducting a successful IDO on Polkabridge, Dodo, and Synapse Network.
PancakeSwap is one of the most popular decentralized platforms in the DeFi space with nearly 50 million trades registered in a month. Facilitating trades, earning mechanisms, and chances to win Crypto, the platform has already been entrusted with more than US$12 billion in funds. The inclusion of Cloudname in PancakeSwap is going to be a unique proposition as far as the features of the platform are concerned.
Cloudname Features: Trade, Tokenize, Fractionalize
Cloudname helps conduct real-time trades of traditional and blockchain domain names. Leveraging the platform, one can tokenize a domain and trade respective ERC-20 tokens. The benefits of fractionalized ownership that come with tokenization make the process more inclusive and equitable where entry-level users can think of accessing expensive domains.
Apart from bringing ease of access in the trade of domain names, Cloudname helps make domain ownership a profitable proposition. For instance, users who hold a valuable domain name and do not want to let it go cheap can leverage Cloudname to earn from it. Cloudname allows the holder of the idle yet expensive domain name to offer it on rent. Regular users, willing to have that domain, can use it without having to pay a hefty price in acquiring it. Naturally, the process of domain trade becomes easier to enter and democratic.
This idea of earning through domain names can have a more structured approach. Cloudname has provisions for that as well. Using Cloudname, users can create their portfolio of domains. Cloudname helps categorize the portfolio elements through their types, budget, and earning potential. Achieving optimal diversity makes the holding of multiple domains profitable and efficient.
While these are direct benefits that you can gain from Cloudname, it also offers a bouquet of value-enhancement services. For instance, allowing free access to relevant data and statistics helps ascertain the status of the domain in the market. It adds to the value by making market trend predictions over a sustained period.
Going a step ahead, Cloudname also helps spot profit-worthy trends and valuable domains. The user ends up investing where the ROI potential is at its peak. Moreover, to make the entry perfectly optimized, Cloudname helps monitor the live price of each domain. Live tracking of prices helps make the purchase rightly timed. To succeed in its purpose, Cloud Name has integrated more than 20 different third-party provider APIs. These APIs help discover and display all the factors involved in the pricing of the domain to the investor.
Secure and Flexible Investing Options
Cloudname makes entry into the NFT market convenient and inclusive. Domain names are things of everyday use and are always in demand. People keep buying new domains and existing domains at a higher price if they feel the name suits their purpose. However, accessing blockchain services still comes with security concerns, especially for payments. Payments in Cloudname, through crypto or FIAT, are handled securely. Users get flexible payment options and can choose to pay through credit cards or cryptocurrencies from anywhere globally.
What is also notable is that Cloudname’s security principle is a combination of both what we call ‘Security by Design’ and ‘Security by Default’. It ensures that, in line with the best security standards, there is end-to-end encryption on the users’ personal information. Also, it is adherent to the best-in-class PCI standards.
Merging the trade and exchange of domains with the cutting-edge technology of NFTs, Cloudname ensures that holding on to domains is profitable, and at the same time, the dealings with both traditional and blockchain domains are equitable and inclusive. It can help start with your domain investment in a cost-efficient way, through an artificial intelligence tool that can generate domain names starting from keywords and extensions that you select. Listing on PancakeSwap helps expand its services by reaching out to a much larger crypto user base.
