A recent development from Unstoppable Domains enables farmers to accept cryptocurrencies through the new web3 domain. The introduction of the ‘.farms’ top-level domain will be significant for Farmsent’s blockchain-based marketplace tailored for farmers.
.farm domain extension
The web3 domain provider Unstoppable Domains, in collaboration with the farmer-oriented blockchain Farmsent, assists farmers in processing cryptocurrency transactions and establishing a digital identity.
According to a press release, Unstoppable Domains announced that its new top-level domain, “.farms,” is set to play a crucial role in Farmsent’s blockchain-based marketplace. This platform aims to directly connect farmers with businesses that cater to consumer interests, thereby removing the necessity for intermediaries.
This new Web3 domain empowers food manufacturers to establish a digital identity that can be utilized in transactions with customers globally. Users can send and receive cryptocurrency with support for over 275 tokens on the platform.
Streamlined digital identity for farmers
The CEO of Farmsent, Yog Shrusti, believes that the new Web3 domain will allow smaller farmers to gain access to investor funds, broaden their farms, and overcome the challenges posed by centralized systems. Additionally, these farmers are now provided with a wallet to accept cryptocurrency payments, effectively eliminating the last barrier to their entry into the web3 marketplace.
The Farmsent initiative employs non-fungible tokens (NFTs) to digitally authenticate bids and guarantee the credibility of agricultural products during auctions. According to the project’s white paper, this NFT-based method ensures a transparent bidding process and enhances trust for both buyers and sellers.
The company reports having engaged over 160,000 farmers from Colombia and Indonesia to date. The platform, currently in its beta phase, has also announced in a press release that it has already facilitated trade in coffee, avocados, and palm sugar between the United Arab Emirates (UAE) and Indonesia.
Sandy Carter, COO of Unstoppable Domains, views Farmsent as a prime example of how blockchain can transform industries.
“We are proud to provide Farmsent a presence on our network, enabling them to offer users a unique digital identity that facilitates secure trading and fosters equality with large multinational companies,” Carter stated.
https://www.youtube.com/watch?v=videoseries
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<p>The new development of Unstoppable Domains allows farmers to accept cryptocurrencies using the latest web3 domain. The new '.farms' top-level domain will play a role in Farmsent's blockchain-based marketplace for farmers.</p>
<h2 class="h2">.farm Domain Extension</h2>
<p>Web3 domain provider <a href="https://unstoppabledomains.com" target="_blank" rel="noopener">Unstoppable Domains</a> in partnership with farmer-focused blockchain <a href="https://farmsent.com" target="_blank" rel="noopener">Farmsent</a> helps farmers in accepting crypto transactions and creating a digital identity.</p>
<p>According to the press release, Unstoppable Domains stated that its new top-level domain, “.farms,” will play an important role in Farmsent's blockchain-based marketplace. The purpose of the marketplace is to connect farmers directly with consumers and businesses, eliminating the need for intermediaries.</p>
<p><em><strong>The new Web3 domain allows food manufacturers to create a digital identity that can be used in transactions with customers worldwide.</strong></em> This functionality empowers users to send and receive cryptocurrency with over <strong>275 tokens</strong> supported by the platform.</p>
<h2 class="h2">Easier Digital Identity for Farmers</h2>
<p>Farmsent CEO Yog Shrusti believes the new Web3 domain will enable smaller farmers to access investor capital, expand their operations, and overcome the limitations of centralized systems. These farmers are now equipped with wallets, facilitating the acceptance of crypto payments and effectively removing the last hurdle for farmers seeking to enter the web3 market.</p>
<p>The Farmsent project employs non-fungible tokens (NFTs) to digitally represent bids, ensuring the authenticity of agricultural products during auctions. According to the project's white paper, this NFT-led approach guarantees a clean bidding process and enhances credibility for buyers and sellers alike.</p>
<p>The company claims to have onboarded over <strong>160,000 Colombian and Indonesian farmers</strong> so far. The platform, currently in beta, has facilitated the trade of commodities such as coffee, avocados, and palm sugar between the United Arab Emirates (UAE) and Indonesia.</p>
<h2 class="h2">Benefits of the .farms Domain</h2>
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<li><strong>Enhanced Credibility:</strong> The NFT-based bidding ensures authenticity and trust in product transactions.</li>
<li><strong>Accessibility:</strong> Small farmers can easily access a global marketplace, promoting inclusivity.</li>
<li><strong>Direct Transactions:</strong> Eliminating intermediaries enables better profit margins for farmers.</li>
<li><strong>Investor Attraction:</strong> Improved digital identity can attract more investors to sustain growth.</li>
</ul>
<h3 class="h3">How to Get Started with a .farms Domain</h3>
<ol>
<li><strong>Visit Unstoppable Domains:</strong> Go to the <a href="https://unstoppabledomains.com" target="_blank" rel="noopener">Unstoppable Domains website</a> to search for a .farms domain that aligns with your farm or brand.</li>
<li><strong>Select Your Domain:</strong> Choose an appropriate name that reflects your business and is easy to remember.</li>
<li><strong>Purchase the Domain:</strong> Complete the transaction to secure your .farms domain.</li>
<li><strong>Set Up a Wallet:</strong> Create a digital wallet to begin accepting crypto payments directly.</li>
<li><strong>Engage with the Community:</strong> Join blockchain and farming networks to leverage the collective knowledge and find potential partners.</li>
</ol>
<h2 class="h2">Case Studies: Success with .farms</h2>
<h3 class="h3">Success Story: Colombian Coffee Farmers</h3>
<p>Colombian coffee farmers using the Farmsent platform have significantly increased their market reach. By accepting cryptocurrency, they have opened their products to a broader range of consumers who prefer digital transactions. This transformation has led to higher sales volumes and improved profitability, allowing these farmers to reinvest in their operations.</p>
<h3 class="h3">Success Story: Indonesian Avocado Producers</h3>
<p>Indonesian avocado producers have successfully utilized the .farms domain to market their products directly to buyers in the UAE. By showcasing their goods on Farmsent's blockchain marketplace, they have removed the traditional barriers prevalent in trade. This has resulted in enhanced pricing and better quality control, as farmers have direct communication with their consumers.</p>
<h2 class="h2">First-Hand Experience: Farmers Speak Out</h2>
<p>Local farmers participating in the Farmsent project share positive feedback on their experiences:</p>
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<p>“Having a digital identity through the .farms domain has changed our business approach. We can now sell directly and have control over our transactions,” shared Maria, a smallholder coffee farmer from Colombia.</p>
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<p>“I’m excited to be part of this new era in farming. The ability to accept crypto payments gives us access to a whole new customer base," added Joko, an avocado producer from Indonesia.</p>
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<h2 class="h2">Future of Farming with Web3 Technology</h2>
<p>As the agriculture sector increasingly embraces digital innovations, the .farms domain represents a pivotal step towards sustainable growth. By enabling direct transactions through the blockchain, farmers can harness the power of technology to elevate their operations. The adoption of Web3 domains not only positions agriculture for future challenges but profits from a global digital economy.</p>
</div>https://www.youtube.com/watch?v=videoseries
