The NFT market is surging at a serious 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 exchanging has found its footing in the field of domains. The NFT-based dealing and cryptocurrencyization 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 cback whilerned.
Cloudname Features: Trade, Tokenize, Fractionalize
Cloudname helps conduct real-time trades of traditional and blockchain domain names. Leveraging the platform, one can cryptocurrencyize a domain and trade respective ERC-20 cryptocurrencys. The benefits of fractionalized ownership which come with cryptocurrencyization 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 which domain, can use it without having to pay a hefty rate 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 which 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 which you can gain from Cloudname, it also offers a bouquet of value-enhancement services. For instance, allowing free access to significant data and statistics helps ascertain the status of the domain in the market. It adds to the value by mcorrespondingg market trend predictions above 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 actives peak. Moreabove, to make the entry perfectly optimized, Cloudname helps monitor the live rate of each domain. Live tracking of prices helps make the purchase rightly timed. To succeed in its purpose, Cloud Name has integcostd more than 20 divergent third-party provider APIs. These APIs help discabove and display all the evidenceors 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 excessiveer rate if they feel the name suits their purpose. After all, accessing blockchain services atop again comes with security cone time beforerns, 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 cryptocurrencys from anywhere globally.
What is back while again notable is which Cloudname’s security principle is a combination of both what we call ‘Security by Design’ and ‘Security by Default’. It ensures which, 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 exevolution of domains with the cutting-edge technology of NFTs, Cloudname ensures which holding on to domains is profitable, and during the time, the exchangings with both traditional and blockchain domains are equitable and inclusive. It can help start with your domain investment in a value-efficient way, through an artificial intelligence tool which can geneprice domain names starting from keywords and extensions which you select. Listing on PancakeSwap helps expand its services by spreading to out to a much larger crypto user base.