Undeveloped Becomes DAN.COM With Launch of Their New Domain Automation
Network

Undeveloped Becomes DAN.COM With Launch of Their New Domain Automation Network


simple and complex
domain transactions and
transfers
, fully automated and transparently powered by
blockchain. The domain industry nowadays finds itself in a very outdated and inefficient state. It suffers from complicated workarounds which make it inefficient. Usable and available registered domains are hard to find and have become too expensive.”

It continued,
“We created a platform where making a change of control and ownership of digital brands
is easier, safer and instant. The use of blockchain technology makes it possible to automate processes required to provide trust-less domain transfers, also referred to as escrow.
Escrow automation also makes it possible to introduce new domain purchase and use models like renting domains, lease to own, fractional domain ownership and domain exchange in a scalable and frictionless way.”

The
release also noted, “There are 334 million registered domains, of which
147 million are unused! The average price on the secondary market for a domain is
€2,759 ($3,093) which means there are €405 billion
illiquid assets. Time for disruption, and that’s what DAN.COM will bring to the
table.”

You can
read a more detailed description of
the service in an in-depth
article
that the company
published on Medium.com in
conjunction with today’s
announcement.



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