CryptoShop101

It's coming!!

The Top 6 Essential Features Needed to Create the Best Possible Web3 Domain Marketplace. (Source: I'm a very, very heavy Web3 domain trader. I also run a Web3 domain trading club. — Blaine.x | @burnaddress) ------- 1. Aggregate other markets' listings. The only marketplaces successfully competing with OS are all aggregators: Blur, Magic Eden, Dew, Vision. Becoming an aggregator is the only way to overcome liquidity problems and to negate the first-mover advantage of other marketplaces. It also protects your userbase from being stolen by other aggregators in the future. You will lose to aggregators if you don't make your own marketplace one. ------- 2. Index all domains. All domains must be viewable and searchable on a domain marketplace, not just the listed ones. Case study: TofuNFT - Does not index all domains - Incredibly inconvenient to use. (And don't underestimate how much so.) A complete index is 100% necessary, because you need to be able to view unlisted domains in order to place bids on them. ------- 3. Have perfect metadata refresh. By experience, 20% of all domains on Opensea are unsearchable / cannot be filtered for, because of unrefreshed metadata. Having perfect search results is crucial to a specialized domain marketplace. ------- 4. Have dynamic arbitrary categorization. One of the most significant things that made Vision .io so successful was categorization. They allowed users to categorize and isolate basic things like words, digits, alphanumerics... But also complex things like Pokemon, Harry Potter, Lord of the Rings, celebrity names, etc. It made niches easy to lump together and easy for people to form their own subcategory fanclubs. This helps break down otherwise infinite domains into finite subgenres. My initial opinion of this long ago was that this much categorization was overkill, but after years of trading, I now believe this is one of the most beneficial things you can do for domain hunters. Furthermore, I'd like to suggest: Allow users to curate and submit their own wordlists to create custom subcategories that can be used by the public. For example: A user wants a Skyrim category. They submit a wordlist that inlcudes all terms that they believe falls under Skyrim. The public can then choose to install this wordlist to focus on Skyrim-themed domains. This essentially crowdsources the subcategory wordlists. ------- 5. Enable bulk offers by trait, by category, or by custom wordlist. I know it sounds odd that traders would need bulk offer options for domains, which are non-fungible. The thing is, many people tend to treat some groups of domains as fungible. Predominantly digits, but you could extend that to any other subcategory. For example, there were times when I placed offers for all 1000 [3-digit .X] domains. (A ton of other people were independently doing this as well.) It's a very time-consuming process on Opensea, as you have to offer and sign for them one by one. If people could automatically make these offers in bulk, it would massively boost the available liquidity. My own idea: Allow people to make bulk offers based on custom wordlists as well. TL;DR - We need a way to make genre-wide bulk offers very quickly. ------- 6. Enable domain-for-domain swaps. There are some arrangements that mere currency transactions can't solve. People need the ability to trustlessly swap domains with each other like trading cards. In most aspects, it would be similar to Opensea's "Deals" feature. The market platform can charge an escrow fee to cover the operating costs, of course. ------- And that's it! P.S. @ensvision, if you find any of the latter suggestions helpful, please consider supporting Unstoppable Domains as well. ✌️ And my regards to @GBMauction. @unstoppableweb @mattgould @sandy_carter @findporpoise @5quirks @LisaSeacat @dzzgnr @iurevych @pseudomarket @instoppabile @ALdotX13

Since you're focusing on peripheral services to generate revenue: Start a loans-for-domains escrow service. Let people set their own loan terms: [loan amount], [collateral domain/s], [APY], [duration]. Then charge a small fee to facilitate the escrow And make it so that loan collateral doesn't have to be for specific domains. Domains used as collateral can be trait-based. Example: Offer - "I will loan [100 MATIC] to a person who can provide any [3-digit .X] as collateral. [20% APY]. [2 weeks]." ^ Contract will accept any 3-digit .X as collateral. This works because people treat digit domains as semi-fungible. Example NFT loans protocol: @PineProtocol Pine.loans ^ Been using this for some time now, and it's useful for quick liquidity. But a problem is that Pine Protocol can't be used for domains. --- Also, you could add restrictions that only allow objectively valuable domains to be used as collateral, to prevent the platform from being flooded with loan offers that no one wants. e.g. Use the existing UD pricing algorithm to determine which domains are likely valuable and which are not. Allow only valuable domains as determined by the algorithm to qualify as loan collateral. Or set very specific parameters like: No alphanumeric domains allowed; No non-dictionary words allowed; No 5-character+ digit domains allowed.