AllDomains and All Street: Common Wealth Invests In The Fastest-growing Web3 Domain Name Service
AllDomains: Redefining Web3 Identity and Domain Services
@AllDomains_ is the fastest-growing name service protocol in the Solana ecosystem, now expanding to chains like Eclipse SVM, Movement, and Monad. The platform allows users to create, register, and trade custom Web3 identities through Top-Level Domains (TLDs). This innovation enables any project or community to create their own .[anything] domain, offering a new level of customization for Web3 identities. Major partnerships include @bonk_inu (.bonk), @wenwencoin (.wen), @dogwifcoin (.wifhat), @MonkeDAO (.monke), and @wassie (.wassie).
AllDomains is the first protocol to bridge the gap between Web2 and Web3, offering hybrid domain registrations. For example, the .ID domain can function in both ecosystems, serving traditional Web2 purposes while associating with a Solana Public Key for Web3 uses. This dual functionality makes it easier for users to manage their digital identity across both spaces.
Key Achievements, Market Challenges, and Innovative Solutions
- Launched .solana domains, giving 50% back as community rewards
- Reached 78,000 domain registrations
- The Jupiter integration allows users to purchase domains using various tokens, including bonk, slerf, wen, and chat.
- Expansion plans include Eclipse SVM, Monad, and Movement, positioning AllDomains as a cross-chain domain provider.
- Integrated with leading Solana platforms like Solflare, Phantom, Solscan, and more, making domain management seamless.
Challenges
- Lack of customization: Existing services limit users to predefined domain names.
- Limited utility: Domains are often just static registrations with little added functionality.
- Scalability problems: Traditional platforms offer no incentives to engage users long-term.
AllDomains offers a decentralised marketplace where users can create unique domains with any TLD on Solana, and soon on additional chains like Monad and Eclipse SVM. This flexibility allows communities, NFT collections, DAOs, and individuals to personalise their Web3 identities and even earn rewards based on the popularity of their TLDs.
Additionally, AllDomains introduces renewable domain names, a first on Solana, which prevents domain squatting by applying renewal fees and ensuring available domains.
The Benefits of Web3 Domains
AllDomains offers significant advantages to users:
- Personalised Web3 identity: Users can create custom, memorable domains that serve as their Web3 address for cryptocurrency transactions, dApp integrations, and more.
- Ownership and decentralisation: Web3 domains are censorship-resistant, ensuring users retain control.
- Monetisation opportunities: Domains can be traded as NFTs, offering a new way to generate income.
- Integration with wallets and dApps: Web3 domains can be used across platforms for seamless identity and transaction management.
Common Wealth: Democratising Early-Stage Investment
Common Wealth is a revolutionary investment platform designed to empower and mobilise the 99%. Traditionally, access to promising early-stage investment opportunities, like seed and private sale deals, has been restricted to a select few. Common Wealth shatters this barrier, providing access, whilst giving a platform for micro-influencers rally behind the most promising upcoming Web3 prospects.
Common Wealth joins forces with many early adopters in supporting AllDomains in their development and helping ignite their plans.
The Alpha Fund, one of Common Wealth’s pioneering funds, targets a diversified portfolio of highly anticipated projects across the industry’s leading narratives this cycle:
- Bitcoin Ecosystem
- Artificial Intelligence (AI)
- Real-World Assets (RWAs) on-chain
- Decentralized Physical Infrastructure Networks (DePINs)
- Gaming
- DEFI
AllDomains and Common Wealth have a shared vision: making the most of Web3 for everyone. AllDomains is at the forefront of Web3 domain innovation, providing users with the ability to create, manage, and monetse their digital identities across multiple chains. With hybrid domains that bridge Web2 and Web3, renewable domains, and customizable TLDs, AllDomains is leading the way in decentralized domain services. As it continues to expand its reach, AllDomains is redefining how communities and individuals manage their Web3 identities and digital assets and All Street is with them on this journey.
Remember, nothing changes if nothing changes.
