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I recently discovered an interesting sector, not Memecoins, not Layer 2, but domain names. First, a question: do you know how much the most expensive domain name ever sold for?
http:/Cars.com, $872 million.
http:/AI.com, $70 million.
Good domain names have always been one of the most undervalued asset classes on the internet because they possess genuine scarcity—there's only one http:/Cars.com globally, and only one http:/Rides.com, just like there's only one Central or Manhattan location on Earth.
However, the domain name market has a long-standing fatal flaw: extreme lack of liquidity.
Once you buy it, you can only hold it; if you want to sell, you have to find a buyer, the whole process is time-consuming, laborious, and opaque. The problem with this asset class isn't that its value doesn't exist, but that it lacks a market.
And now, @domaprotocol is solving this problem.
Doma Protocol's approach is: to tokenize domain names and put them on the blockchain. You can trade domain names like tokens, hold high-value domains in fragmented lots, and use domains for DeFi operations—staking, lending, and liquidity mining.
There's a term for this sector called DomainFi. It combines two of the most scarce asset classes—internet domains and crypto tokens—injecting liquidity into this long-dormant asset class.
Currently, Doma has integrated over 115,000 real domains, supporting Base, Solana, Avalanche, and Ethereum on its underlying blockchain. It's backed by D3 Global and a $25 million Series A funding round led by Paradigm.
Paradigm is one of the top VCs in the crypto industry. They've invested in Uniswap, Blur, and Flashbots. Their investment logic is simple: only bet on underlying infrastructure, and only bet on the direction with the strongest certainty in the long run.
Furthermore, at 4:00 AM UTC on March 31st (12:00 PM Beijing time), http:/Rides.com officially launched on Doma:
app.doma.xyz/domain/rides.com… Let me explain why this domain name is worth paying attention to.
"Rides" is a category term for the transportation sector. Globally, rideshare, mobility, and autonomous driving combined represent a multi-trillion dollar market.
The next company to become a defining player in this sector will likely need this name—or at least seriously consider owning it.
This is what's called a "category-level domain." It's not about how much http:/Rides.com is worth now, but rather that the ceiling for this type of domain is on the same scale as those proven examples (http:/Cars.com, http:/AI.com).
There's a saying I think is very apt: the name exists before the brand.
DomainFi is a narrative I believe deserves serious attention this year. Domains, as an asset class, have been dormant for many years, and Doma is the first project to truly bring it onto the blockchain, with strong backing and impressive data.
Those interested can check it out first; you can experience it directly on the blockchain:
app.doma.xyz/join/qpm24uunsp10...…
*** The above are personal opinions only and do not constitute investment advice.

gm
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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