The market for NFTs is rapidly expanding. Thanks to a tool named Cloudname.
According to predictions, it will surpass the $40 billion mark in 2021. The investment bank Jefferies boosted its NFT market value prediction for 2025 to more than US$80 billion. Citing the increasing popularity of NFTs and multi-million dollar sales events.
The NFT technology has had a wide-ranging impact, with numerous industries taking advantage of its growth potential and applicability.
Real estate and entertainment, as well as luxury goods and consumer products are among these industry segments.
NFT trading has finally found its feet in the domain space. After a successful IDO on Polkabridge, Dodo, and Synapse Network, the NFT-based trading and tokenization platform listed itself on PancakeSwap. It happened on February 22nd at 17pm UTC.
With approximately 50 million trades in a month. PancakeSwap is one of the most popular decentralized marketplaces in the DeFi space.
The site already has more than US$12 billion in funds, facilitating trades, earning mechanisms, and chances to win Crypto. In terms of platform functionality, Cloudname’s inclusion in PancakeSwap will be a one-of-a-kind proposition.
Trade, Tokenize, and Fractionalize
Cloudname facilitates the exchange of traditional and blockchain domain names in real time. One can tokenize a domain and exchange the corresponding ERC-20 tokens using the platform.
In particular, new users who want to access expensive domains can benefit from tokenization’s fractionalized ownership benefits.
Apart from making domain name trading more accessible, Cloudname also makes domain ownership more profitable. Cloudname allows users to benefit from valuable domain names that they do not want to sell for a low price.
Cloudname enables the owner of an unused but expensive domain name to rent it out. Regular users that want to utilize that domain can do so. And without having to pay a high fee to do so. Naturally, the domain trading process becomes more democratic and easier to participate in.
This method of earning money from domain names might be more systematic. Cloudname also offers a feature for that. Users can construct their own domain portfolios with Cloudname.
Cloudname assists in the classification of portfolio elements based on their categories, budgets, and earning potential. The owning of numerous domains is profitable and efficient when appropriate variety is achieved.
Cloudname Added Service
While these are the immediate advantages of Cloudname, it also provides a variety of value-added services. Allowing unfettered access to essential data and statistics, for example, aids in determining the domain’s market position. It offers value by predicting market trends over a long period of time.
Cloudname goes a step further by assisting in the identification of profitable trends and valuable domains. The user ultimately invests where the ROI potential is highest. Cloudname also assists in monitoring the live pricing of each domain. This is to ensure that the appropriate optimization of entry.
The ability to track pricing in real time aids in making the appropriate buy at the right time. Cloud Name has integrated over 20 distinct third-party supplier APIs to achieve its goal. These APIs assist investors in discovering and displaying all of the elements that influence domain pricing.
Safe and Flexible Investing Options
Cloudname makes it simple and accessible to enter the NFT market. Domain names are commonplace, and they are always in demand. People continue to pay more for new and existing domains if they believe the name is appropriate for their needs.
Accessing blockchain services, however, is still fraught with security concerns, particularly when it comes to payments. Safe processing of payments in Cloudname, whether made in crypto or in fiat currency. Users have a variety of payment choices. Including the ability to pay using credit cards or cryptocurrencies from anywhere in the world.
It’s also worth noting that Cloudname’s security principle is ‘Security by Design’ and ‘Security by Default’ mixed. It ensures that the users’ personal information is encrypted end-to-end in accordance with the highest security requirements. It also follows the best-in-class PCI standards.
Cloudname assures that domain owning is profitable by combining domain trade and exchange with cutting-edge NFT technology. At the same time, interactions with both traditional and blockchain domains are fair and inclusive.
It can assist customers in making a cost-effective domain investment. It is done by using an artificial intelligence engine. Where it can produce domain names based on keywords and extensions that you specify. PancakeSwap’s listing allows it to reach a far wider crypto customer base, allowing it to develop its offerings.