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Every local subring $A$ of a field $K$ is dominated by a valuation ring with fraction field $K$. Order local overrings by inclusion and contraction of their maximal ideals; chain unions are local, so Zorn's lemma gives a maximal one. For each $z\in K^{\times }$, at least one of the extensions of its maximal ideal to $V[z]$ and $V[z^{-1}]$ is proper: otherwise two least-degree relations for $1$ with maximal-ideal coefficients reduce one another to a smaller-degree relation. Localizing the proper extension gives a dominating overring, so maximality forces either $z$ or $z^{-1}$ into $V$.

If an element $x$ of the fraction field is absent from a valuation ring $V$, its inverse $y$ belongs to the maximal ideal. A monic equation for $x$, multiplied by a power of $y$, would put $1$ in that maximal ideal. Thus $V$ is an integrally closed domain, without a discrete or Noetherian hypothesis.