As financial technology and digital assets evolve, there's always going to be things that work and things that don't. If the distributed ledger technology, blockchain, would fulfill its potential and reach mass adoption, then major trillion-dollar industries would be completely changed. In 2021 combined digital assets touched $3 trillion. 2021 will be a transition year on the way to a regulated market of tokenized assets. Security tokens are at the core of the rebound but what's even more revolutionary is the concept of Digital Names.
At the forefront of the smart securities revolution is Thomas Carter, a 30-year fintech innovator and Founder of DealBox, an innovative digital securities issuance and investment platform.
DealBox has gained attention lately with the creation of a feature-rich and robust platform using a compliant token technology built on the Tezos (XTZ) blockchain protocol.
DealBox gives issuers and investors a savvy best in class approach to being first-in-line. To invest in innovative new companies using smart securities or security token issuance technologies.
"DNS was a game-changer for the early internet and helped drive widespread adoption. DigitalNames.io is in a leading position to do the same thing for the blockchain internet and digital wallets. This is one of the most exciting investment opportunities we've ever seen," says Carter. "It's a picks and shovel business model and the gold is blockchain and crypto. So much so, we went all in and I'm the current CEO. We recently closed the Series A round and we are now preparing for the Series B later this month. We're eating our own cooking, so to speak, using DealBox for its security token offerings."
The recent success of Digital Names is due in large part to its applications above and beyond cryptocurrency alone. It solves a real problem for not only everyday cryptocurrency users, but anyone using a digital wallet and is simple to integrate into any blockchain-powered app or exchange. We recently filed a patent for a highly secure interoperable way to connect to both mobile devices and the internet of things using our proprietary technology stack.
Digital Names does for cryptocurrency and digital wallets what domain names did for the internet back in the 90s. Rather than remember a numerical IP address for a website you can simply type in www.website-name.com and arrive at the desired destination. Simply by using $yourname, which sells for $19.95 a year, you can bypass the problem of lengthy crypto keys that are impossible to remember and scary to use during high value transactions.
Carter predicts this industry will be larger than the Domain Name Service industry, which currently grosses about $6 billion a year. GoDaddy, one of the major DNS providers, has a market cap today around $13.3 billion. How can it be bigger than DNS? Well, in the future everyone won't need a website url. Everyone will need a digital wallet address. This new industry and market opportunity will mint the next round of companies like this, of which Total Network Services Corp is in position to take advantage of.
Thomas Carter is the founder of DealBox, Inc. and CEO of Total Network Services Corp "TNS". You can read about Thomas at "This FinTech Veteran Is Making Cryptocurrency Startup Funding Legitimate" or connect with him on LinkedIn