The startup has developed a tokenization platform that represents DNS ownership on the blockchain, enabling clients to securely own websites as NFTs. This platform facilitates faster and safer transactions through a decentralized database, while also integrating AI capabilities for domain analysis and access to DeFi protocols.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional domain trading and transfer processes are slow, expensive, and lack transparency, often taking days to settle. Current systems also lack integration with decentralized finance (DeFi) protocols, limiting the utility of domain assets.
Solution
Namefi provides a tokenization platform that represents DNS domain ownership as NFTs on the Ethereum blockchain, enabling faster, cheaper, and more secure domain trading. By minting domains as NFTs upon import and burning them upon export, Namefi ensures verified and visible ownership. The platform facilitates transactions that settle in seconds through a decentralized database and integrates with DeFi protocols, allowing users to use their domains as collateral. Namefi also incorporates AI to analyze domain potential, offering insights to optimize domain registration choices.
Target Audience
Namefi targets domain name owners, Web3 developers, and investors looking for faster, more secure, and DeFi-integrated domain trading and management solutions.
Features
- Tokenization of DNS domains into NFTs on the Ethereum blockchain
- Minting of NFTs upon domain import and burning upon export to verify ownership
- Decentralized database for faster and safer transactions
- Integration with DeFi protocols for using domains as collateral
- AI-powered domain analysis to reveal domain potential
- AutoENS feature for using internet domains to receive crypto payments via ENS Gasless DNSSEC technology
- Support for over 300 TLDs
- Open-source smart contract