RWAs.com to beat NFTs.com

[radarcrypto]

Couple of years ago I foresaw a 8 figure sale for NFTs.com
https://www.namepros.com/threads/2022-most-expensive-domains-wanna-bet.1262452/

Today I just discovered that RWAs.com is also for sale (have been checking the site for the past year regularly)

RWAs (Real-World Assets) are probably the biggest thing that will happen to the financial world in the next years, basically putting every single asset onchain

I have no idea how much the owner wants but this will be probably the most important domain in the market for the next future and I will be not surprised if it beats any previous record

Have a good summer domainers!

 

[Vivere]

Congrats to the seller.

NameBio currently shows that RWALawyer .com also sold for $8k on the same day, but it did not. Maybe there was some kind of glitch on NB’s end or the seller of RWALayer .com mistakenly reported this when trying to report their sale.

RWAAttorney .com and RWAAttorneys .com were registered a couple of days ago, and these registrations were almost certainly motivated by the incorrect report. Others may see the report and unfortunately run off to register “RWALawyer” and its variations in every extension known to man.


@Michael, @NameBio can you guys fix this?

Update: NameBio fixed this yesterday. I was told it was a typo.

 

[mrcurly]

Update: NameBio fixed this yesterday. I was told it was a typo.

so it was RWALayer.com that sold for $8,000 ........not RWALawyer

 

[Vivere]

so it was RWALayer.com that sold for $8,000 ........not RWALawyer

Yes.

 

[mrcurly]

Not Mine

 

[BRDavid08]

Added RWAMena.com

CoinMena.com Sold for $25000 USD

 

[mrcurly]

 

[slader23]

I like RWAs..but IMHO all the liquidity is and will continue to flow into meme coins until the end of the cycle. RWAs are definitely a play but not the overarching theme of the cycle.

 

[maison98]

Real world assets?

Man we live in a weird time

 

[Name2go]

Does the plural of the abbreviation make sense?
NFT stands for the singular “Non-fungible Token”, so NFTS is the correct plural.
RWA, on the other hand, already abbreviates the plural: “Real World Assets”.
For a domainer, RWAS may be a fallback key when names are taken with RWA. But will the “real online world” adopt it?

 

[Future Sensors]

The term "NFT" became popular quickly due to its association with digital art and high-profile sales. It has a catchy, easy-to-remember acronym that helped it spread rapidly. The term "RWA" might take longer to become popular in daily use. It lacks the immediate appeal of NFTs and is more technical. However, as the concept of tokenizing real-world assets becomes more mainstream, the term could gain more recognition.

 

[bweick]

To contribute a little to the RWA discussion, I'm in the process of launching a RWA exchange and one of the asset types we'll be supporting is domains. We're focused on bridging traditional apps with blockchain tech, previously we've built a Venmo-based onramp by creating cryptographic proofs of payment (zkp2p.xyz) and we'll be using similar techniques for our broader exchange that supports event tickets and domains to start (and more to come!).

We plan on offering significantly lower fees than services like Namecheap and GoDaddy (flat 2.5% fee) and all exchange is secured by cryptographic proofs of ownership and smart contracts.

If anyone is interested in learning more and potentially testing it out would love to chat! Interested in trying to solve some of the pain points for domain sellers.

 

[Kyle Tully]

! Interested in trying to solve some of the pain points for domain sellers.

I’ve been playing with a few platforms this week and the biggest pain point I see so far with domains on blockchain is needing to transfer your domain to the platforms account.

This is a significant risk factor compared to nft markets where the asset is always held in your own wallet.

If I get kicked off opensea I just can’t use opensea. If I get kicked off one of these platforms, or they get hacked, or an employee goes rogue etc, I could lose my domain.

How are you thinking about this issue?

 

[Future Sensors]

the asset

We can have a separate discussion on what exactly the ‘asset’ represents in the case of NFTs. Often, it means ownership of a unique digital item, such as digital art, music, or virtual real estate. The NFT itself is a token stored on a blockchain, which links to the asset, but the asset itself can be stored elsewhere. Essentially, owning an NFT means you own a unique identifier for the asset, not necessarily the asset itself.

 

[Kyle Tully]

We can have a separate discussion on what exactly the ‘asset’ represents in the case of NFTs. Often, it means ownership of a unique digital item, such as digital art, music, or virtual real estate. The NFT itself is a token stored on a blockchain, which links to the asset, but the asset itself can be stored elsewhere. Essentially, owning an NFT means you own a unique identifier for the asset, not necessarily the asset itself.

Yeah I know but it’s just easier for people to conceptualise that it’s “in” their wallet

 

[Kyle Tully]

Love the “maybe “ reaction @Future Sensors

I have web dev clients who still don’t grasp the difference between their domain name, their website, and their hosting.

Getting normies to understand cryptographic blockchain ownership is a long way away

 

[Future Sensors]

Totally agree @Kyle Tully

In general, there are already a staggering number of dependencies in current software and computer systems, and this complexity is even more pronounced in the crypto world. The intricacies of blockchain technology, cryptocurrencies, and NFTs can be bewildering for the average user. Their mechanisms are often opaque and it requires significant technical knowledge, making it hard for the common person to fully understand the risks and benefits. As a result, much of the crypto ecosystem is built on trust, which can be challenging to assess without deep technical insight.

 

[HotKey]

As a result, much of the crypto ecosystem is built on trust, which can be challenging to assess without deep technical insight.

Or hope. Which explains so much of what's been dashed in this field.

 

[Future Sensors]

RWA desperately needs some great artwork like this to succeed.

https://twitter.com/x/status/1371549960030842893

 

[bweick]

I’ve been playing with a few platforms this week and the biggest pain point I see so far with domains on blockchain is needing to transfer your domain to the platforms account.

This is a significant risk factor compared to nft markets where the asset is always held in your own wallet.

If I get kicked off opensea I just can’t use opensea. If I get kicked off one of these platforms, or they get hacked, or an employee goes rogue etc, I could lose my domain.

How are you thinking about this issue

Great question. So you won't need to transfer to a different platform for us. You can keep the domain on its current platform (to start we'll support Namecheap) and all we do is a) validate you own the domain according to Namecheap and b) validate you've transferred the domain to the correct person on Namecheap when selling the domain.

Essentially we're acting as a listing and escrow service but the escrow is unlocked by cryptographic proofs of transfer. Happy to get into what makes a proof "secure" and how the proofs are generated if you want. Perhaps a closer description is akin to escrow.com but we've built in some domain specific logic and everything is fully driven by these proofs. So as a seller if you transfer to the correct person and create the proof you get paid out.

I'm sure that's a lot but happy to answer more questions!

 

[bweick]

Also should say we aren't trying to represent any of the domains as NFTs or RWAs on-chain. Were purely using blockchain for settlement for now though have some plans on how we can leverage it to grow the marketplace further