Tokenized Domain Names

Definition ∞ Tokenized domain names are internet domain names represented as unique digital tokens on a blockchain. These domains function similarly to traditional domain names but offer verifiable ownership and transferability through non-fungible tokens (NFTs). They allow users to link human-readable names to cryptocurrency wallet addresses, decentralized websites, or other digital identities. Ownership is recorded on a public ledger, providing transparency and resistance to censorship.
Context ∞ The current discussion regarding tokenized domain names centers on their utility within the decentralized web (Web3) and their potential to replace or complement traditional DNS systems. A key debate involves the interoperability of these blockchain-based domains with existing internet infrastructure and their regulatory classification. Future developments will likely include broader adoption for decentralized applications, enhanced integration with web browsers, and the expansion of secondary markets for these digital assets.