Web3 companies are taking over .xyz

In recent years, the world has witnessed a significant shift in the digital landscape with the emergence of web3 companies. As the crypto as a service industry continues to evolve, these innovative businesses have found a unique way to distinguish themselves online by embracing the .xyz top-level domain (TLD). In this blog post, we'll delve into the fascinating world of .xyz and web3 companies, exploring why they're increasingly choosing this TLD and how you can start your own web3 business using Embedded Finance platforms.

What is .xyz?

.xyz is a top-level domain that was introduced in 2014 as an affordable, generic, and globally recognized TLD. It quickly gained popularity among startups, artists, and tech enthusiasts who were looking for an alternative to the more traditional .com or .net domains. With its focus on simplicity and universality, .xyz has become a go-to choice for forward-thinking companies and projects, including those operating within the crypto service industry.

What are Web3 companies?

Web3 companies are those that focus on the development and application of decentralized web software protocols and services. They leverage blockchain technology and crypto tokens to create web3 businesses that offer a range of services, from secure, decentralized data storage to next-generation digital collectibles. These innovative organizations are at the forefront of the fastest-growing global crypto service and application boom.

Why are Web3 companies using .xyz?

Web3 companies are increasingly adopting the .xyz TLD for several reasons:

• • Flexibility: .xyz offers a wide range of domain options, making it easier for companies to find a suitable and memorable web address for their brand.

  • Affordability: Compared to traditional TLDs, .xyz domains are often more cost-effective, which is particularly appealing to startups and emerging companies.

  • Branding: The .xyz TLD signifies a forward-thinking and innovative approach, which aligns with the ethos of many web3 businesses.

  • Global Appeal: .xyz is language- and industry-agnostic, making it an ideal choice for companies targeting a global audience.

How to start a Web3 company?

Starting your own web3 company can be both exciting and challenging. As a leading provider of web3 solutions, Cybrid can help you navigate the complex world of blockchain and decentralized technologies.

Whether you're interested in developing a peer-to-peer blockchain platform, the fastest-growing crypto banking app, or a next-generation digital collectible company, Cybrid offers tailored solutions to help you achieve your goals. With our support, you can confidently cater to the needs of crypto investors, manage assets, and create innovative payment systems for the decentralized web.

Top web3 companies

Some of the top web3 companies leveraging the .xyz TLD include:

• ENS Domains has integrated .xyz domains into it's wallet service that allows users to create a universal nickname for all their crypto addresses, providing a searchable database. 
• Axiom - Axiom choose the .xyz TLD to demonstrate their commitment to open-source, trustless, and community-first technologies.
• Monolith - A crypto service aimed at providing end-users with a European DeFi account so they can buy, spend, or hold crypto.
• Argent - For end-users looking for a non-custodial wallet, Argent offers a compelling ecosystem to utilize. 

Conclusion

The .xyz TLD is rapidly becoming the domain of choice for web3 companies, reflecting the innovative spirit and global appeal of the crypto service industry. As more businesses join the web3 movement and embrace decentralized technology, the .xyz domain is set to become even more prominent in the online landscape.

Whether you're looking to start your own web3 company or simply exploring the fascinating world of blockchain and decentralized applications, keep an eye on the .xyz domain as a hub for the most innovative and cutting-edge projects in the crypto space.

And, if you need assistance in launching your web3 business, remember that Cybrid is here to help you every step of the way with our crypto infrastructure. If you can't find an answer, open the chat, leave your question and email and we'll get back to you ASAP.