Tokenize Solana Domain Names & Marketplaces

  • Bob is the owner of the tokenized domain “something.sol”
  • While the domain is tokenized, someone sends funds to “something.sol”
  • The funds will directly be sent to Bob’s wallet address, i.e. the one that owns the NFT/domain name
  1. If the domain is tokenized: the current holder of the NFT can withdraw the funds
  2. If the NFT has been redeemed i.e. not tokenized anymore: the last person who redeemed the NFT can withdraw the funds
  • Bob is the owner of the tokenized domain “something.sol”
  • Whilst the domain is tokenized, someone sends funds to “something.sol” and it goes to the escrow account
  • Bob can withdraw these funds at anytime by selecting “Unwrap” and then “Withdraw Funds”
  • Let’s say Bob does not withdraw the funds and lists his NFT for sale on a marketplace
  • Alice buys the NFT “something.sol”
  • Alice is now the owner of the NFT and thus the domain name “something.sol”
  • Alice can withdraw the funds

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