Shared Domain Ownership: The Future of Digital Asset Investment

There is a significant amount of change taking place with the Internet and the concept of ownership as well. When you purchased a domain name, there was only one owner of that name who had complete and total control over it.

However, today, a new business model referred to as “Shared Domain Ownership” is rapidly becoming popularized; in other words, multiple parties can collectively own a single domain name. The benefits of this new business model make investing in the Digital Economy easier and more accessible to everyone.

The Rise of Shared Domain Ownership

A domain name represented real estate on the Internet. A premium domain name (i.e., a name that is short, easy to remember, and includes keywords) has traditionally been worth thousands, if not millions of dollars. Instead of having one individual or entity purchase the entire name, people will be able to purchase a portion of the name.

In essence, this concept is similar to purchasing a portion of a company through its units. All owners of the domain have an equal interest in the domain and will collectively determine how to utilize and manage it. The benefits of shared ownership include the ability to distribute the cost of the name among multiple unit holders, owning a piece of a highly valued asset that may increase in value over time.

Accessibility of Domain Ownership

While the primary advantage of this model is accessibility, it also provides the opportunity to participate in the growing Digital Economy that they would otherwise be unable to afford.

Additionally, this model allows community members, small businesses, and start-ups the opportunity to own a domain name that represents their collaborative effort; thus providing a means for these entities to participate equally and profit from their collective efforts.

The Technology of Domain Fractionalization

An important innovation in this space is domain fractionalization, a concept that divides domain ownership into smaller, exchangeable pieces. This is accomplished via blockchain-based platforms such as Freename’s Domora, which enables users to own a domain name collectively.

For example, Freename has developed a platform that enables multiple owners to collectively own a domain name by creating digital units of the domain name. Digital owners will be able to learn more about this concept and how it is changing the way we invest in the Digital Economy through the new brilliant idea of domain fractionalization (Domora’s new platform by Freename), which describes how multiple domainers can collectively own a digital asset such as a premium domain name and manage the asset collectively, and even sell their digital units at a later date.

Benefits of this Model Include:

● Giving the ability to purchase one or more units of a premium domain name.
● Enabling multiple to manage a domain name collectively.
● Enabling them to sell their units of the domain name in the future.
● Therefore, this model represents an exciting combination of technology, shared ownership and collaboration.

The reason why this new concept is interesting

The concept of shared ownership of domains is already attracting the attention of domain enthusiasts engaged in fields such as cryptocurrency and digital assets. Similar to NFTs and tokenized property, domains have become digital real estate, something that can increase their value over time.

It is an opportunity for many to diversify their activities. Through ownership sharing, anyone can own a piece of a premium domain and can reduce the waiting time for a potential buyer to come.

A Step toward a Shared Digital Future

Shared domain ownership is the future of online resources. It incorporates cooperation providing more individuals a chance to participate in the next phase of development of the next internet marketplace.

Freename is demonstrating that ownership does not necessarily require exclusivity. They are contributing to the creation of a more open, fairer, and connected digital world by sharing the value of domains.

Ultimately, the concept is straightforward yet strong: the internet is communal property, and now so can its ownership.

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Digital adoption across Alberta has expanded rapidly over the past three years. According to Digital Main Street, more than 8,700 small businesses across 222 municipalities in Alberta participated in digital economy programs designed to support e-commerce, online operations and improved digital literacy. This was an 82% increase over the original target of 4,800 businesses.

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Short-term variance: Features create bursts of wins or dry spells.
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