Web3 Domain Industry Growth: A Look Into The Future

Web3 Domain Industry Growth

The internet is evolving rapidly, and leading the way is Web3. In Web3, you control your data, and the community, not tech giants, sets the rules. This isn’t just a tech dream; it’s the future of the internet.

So, why does this matter to you? If you’re an investor, developer, or businessperson, the expanding Web3 domain industry is your ticket to this exciting new era.

Let’s explore what’s generating all the buzz and where we expect Web3 to go in the coming years.

Understanding Web3 Domains

Imagine having a space that is totally yours and free of all obligations on the internet. That is the impact Web3 domains provide. And because they are built on the blockchain, they can release themselves from the constraints of centralised censorship and hand over all control to you.

While Web2 comes with the risk of censorship and confiscation, with Web3 domains, your websites are practically untouchable. Much more, they come with an increased sense of security and autonomy, give us control over our personal data, address many of the privacy concerns associated with Web2, and also facilitate seamless integration with blockchain services.

And they’re not just for show; they double as your online alias, your wallet address, and so much more. So you can use them to receive cryptocurrency, access various dApps, and build decentralized websites. So, this isn’t just a new type of domain; it’s a complete paradigm shift.

Read Also: Differences Between Centralization And Decentralization

Current State of the Web3 Industry

Though it’s still in its infancy, the Web3 sector has grown and innovated remarkably. Fundamentally, Web3 wants to build a decentralized internet that allows users to own their data and digital assets. At a cumulative annual growth rate (CAGR) of 43.7%, the global Web3 market is expected to reach $81.5 billion by 2030, up from its estimated $3.2 billion in 2021.

Key Players and Stakeholders

Leading the Web3 industry’s expansion are:

  • Blockchain platforms like Polkadot, and Binance Smart Chain, which supply the infrastructure that Web3 development needs. 
  • Companies like Freename that are focused on creating and managing Web3 domains in a way that makes it easier for users to secure their digital identities.
  • Venture capital firms that are also heavily funding Web3 initiatives and speculating positively about their future success. 
  • Early adopters that are working on new use cases and pushing the scope of what’s feasible
  • Developers who are also creating creative dApps and services that use Web3 domains. 
  • Other noteworthy stakeholders that range from decentralized finance (DeFi) platforms to NFT marketplaces and big IT firms like IBM and Oracle, which are making significant Web3 infrastructure investments.

Adoption Rates and Trends

Web3’s adoption is on the rise, and at the heart of this revolution are Web3 domains, which have seen a dramatic uptick in registrations. Unstoppable Domains, a key player, reported over 3.1 million domains at the end of 2022, with 1.2 million registered in that year alone.

The momentum is just mounting as big brands and businesses integrate Web3 into their daily operations. Significantly, in 2023, Polygon overtook Ethereum and is now home to 41% of blockchain projects

The younger generations are driving the Web3 domain demand; 48% of millennials and 51% of Gen Z expect to work in the Metaverse in the near future. This generational shift signals a robust future for Web3 domains and applications as they become integral to our digital lives.

Factors Driving the Growth of Web3 Domains

Technological Advancements

The expansion of Web3 domains is mostly being driven by technical developments. Through speed increases and cost reductions, layer 2 scaling solutions such are boosting accessibility to Web3 sites. 

Zero-knowledge proofs (ZKPs) and cross-chain interoperability protocols like Polkadot and Cosmos facilitate communication between blockchain networks, which increases the usefulness of Web3 domains. These technologies elevate privacy and security, which are crucial components of decentralized identity systems. The capabilities and acceptance of Web3 domains also get better with developments in smart contracts and their connection with decentralized apps (dApps). 

Increasing Adoption of Blockchain Technology

The growing use of blockchain technology and data tokenization in several sectors is driving Web3 domain growth. We have more industries, from finance and healthcare to supply chains and entertainment, embracing blockchain technology. This cross-industry adoption is helping to legitimize Web3 domains and encourage more users to consider their utilities.

Rising Interest from Investors and Developers

Just like we explained earlier, investors are now more interested in the Web3 space thanks to its high growth potential and its scores of applications. As a result of the innovation and development this financial inflow is fostering, the Web3 domain market is expanding more quickly.

The capacity to create and implement decentralized apps independent of central authorities is enticing developers as well. More developers are expected to join the market, therefore new Web3 domain-leveraging tools, platforms, and services will undoubtedly proliferate.

You can become an investor and a pioneer in the Web3 domains industry in a few click! Purchase a Web3 domain on Freename and become a reseller to earn royalties on every domain registered under your TLD. You can receive up to 50% of the total registration fees, automatically distributed to your wallet through the Freename.net system. Learn more and start your Web3 domain journey with Freename today!

Forecasting the Growth of Web3 Domains

Web3 domain

Growth Rate of the Web3 Industry

Several indicators suggest the market for web3 domains will keep rising. According to industry reports, the global blockchain market, which backs Web3 domains, was valued at $17.46 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 87.7% from 2023 to 2030. Another report says that the value of $27.84 billion this year will rise to $825.93 billion by 2032, with a compound annual growth rate (CAGR) of 52.8% from 2024 to 2032. 

Market Size Predictions and Forecasts

If we are already here, we can expect the market for Web3 domains to grow even more. Analysts forecast that the Web3 domain market could reach a valuation of $81.5 billion by 2030, up from $3.2 billion in 2021​. The market for blockchain domains alone is expected to grow even more because of their growing integration into various applications and platforms.

Potential Challenges and Opportunities of Web3 Domains

The Web3 domain industry has several challenges that could impact its growth, and two in particular. 

  1. Governments around the world are still figuring out how to handle blockchain and decentralized technologies. Many want to regulate it but are finding it quite difficult. While others just try to ban it outright. The issue is that many governments still don’t fully understand what the rules are. So they need to find a way to balance encouraging new ideas with protecting consumers.
  2. Blockchain technology isn’t exactly a walk in the park. Even with the improvements made in recent times to make it more beginner-friendly, it can still be challenging for new users. As a result, widespread adoption can only be achieved if the learning curve for Web3 domains is made more user-friendly.

However, there are a lot of opportunities. Developers are already collaborating on Web3 domains with the Metaverse, IoT, and AI to raise the value and acceptance of Web3 domains and provide additional features and use cases.

Read Also: How to Use a Web3 Domain And What Can You Do With It?

Implications for the Future

Impact on Digital Identity and Security

Since web3 domains are decentralized, they are the most secure way for anyone to manage their online identities, have more privacy, and get better control over their personal data. This move toward identity management that is focused on the user will change the way we all use online services and platforms.​

Influence on the Broader Tech Industry

In the coming years, there will be a shift in how we deliver and consume digital content (and how they consume advertising). And in doing this, Web3 domains will become integral to the functioning of decentralized applications (dApps) that provide secure and straightforward access for users.

In fact, Web3’s ideas of decentralization and giving users power are likely to lead to new ideas and business models in many other tech areas. For instance, the gaming industry is already looking into blockchain-based games and assets. Web3 domains will play a big role in making sure that games are safe and fun.

Long-term Prospects for Web3 Domain Investments

If you’re thinking long-term, Web3 domains are worth a second look. As Web3 tech gains ground, these domains will become more valuable. So think of them as a long-term investment. You don’t have to be just a user; you can be a stakeholder.

You can become an investor and a stakeholder by purchasing a Web3 domain on Freename and becominf a reseller to earn royalties on every domain registered under your TLD. You can receive up to 50% of the total registration fees, automatically distributed to your wallet through the Freename.net system. Learn more and start your Web3 domain journey with Freename today!


Web3 domains have a bright future. They have the potential to change how we think about digital identity, security, and the internet itself. They will be important for the next generation of the internet as technology keeps making it grow and more people see the benefits of decentralization.Embracing them will lead us to a more secure, private, and user-centric digital future. You don’t have to wait until that future to get started.

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How does it work?

Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

You can chose on which blockchain you want to mint on and minting fee is covered by Freename!


Once you have added your favorite items to the cart, you proceed to “checkout” and add your coupon to the “coupon box”.

Said coupon will instantly do its magic and your due total will drop!


How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!


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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

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