Tokenized Domain

A tokenized domain is a conventional DNS domain — like example.com — whose ownership has been bridged onto a blockchain by minting an NFT that serves as the cryptographic deed. The domain remains fully functional in the global DNS; the token simply adds a parallel, blockchain-enforced ownership layer. Whoever holds the NFT in their wallet controls the domain: they can sell it peer-to-peer on any NFT marketplace, collateralize it in a DeFi protocol, or transfer it in seconds without filing a registrar transfer request. The binding between the DNS record and the on-chain token is maintained by a smart contract that syncs tokenize events with a compliant registrar. Domain ownership disputes that once required UDRP proceedings become more transparent because the chain of custody is permanently auditable on-chain. Namefi is built around this concept — every domain registered or transferred through the platform can be represented as a blockchain token, giving domain investors, brands, and developers the composability of crypto assets without sacrificing the utility of the traditional web. Source: Ethereum Foundation — NFTs Explained.