Future websites Domains NFT Domains Unstoppable Domains Purchase
What is an NFT domain?
NFT domains are domains that live on a public blockchain and give users complete ownership of their stored data. The main benefits to owning one are simplifying crypto transactions by replacing wallet addresses with the domain name and easily creating and hosting websites on web3. Typically, you interact with a traditional domain when you type the address (like Twitter.com) into your browser. But did you know traditional domains were originally built to do so much more on the internet? Think of functionalities like email and payments. Hard to believe, right?
NFT domains are new web extensions such as “.crypto” or “.eth” (similar to .com or .info) that are linked to the blockchain via smart contracts. Their difference from traditional domains is that due to the nature of NFTs, the domain is “certified” with personalized smart contracts when bought as NFTs.
There are several providers that specialize in NFT domains. A few examples of available domain extensions are:
Unlike domain endings (top level domains), which are officially released by ICANN, NFT domain endings are released and managed by the respective providers. These can be various players of the so-called Web3, such as Unstoppable Domains which specializes in NFT domains.
In the traditional sense, when a domain is purchased, the domain is actually rented for a certain period of time. For this reason, those who have obtained the domain must renew the domain at the end of the specified period in order to continue using the domain. Thus, there is a concern for those who use the domain to constantly monitor the relevant periods and to renew the domain. NFT domains are purchased once and belong to the user after purchase. Therefore, unlike the situation in traditional domains, the NFT domain owner does not have to worry about renewing the domain. Also, NFT domains are stored in secure wallets and can be transferred as cryptocurrencies on the blockchain from which they were created, as they are crypto assets.
What is an NFT?
NFT (non-fungible token): a digital certificate of authenticity used to assign and verify ownership of a unique digital or physical asset. Unlike fungible tokens, NFTs are not interchangeable with one another.
How does blockchain technology make these NFT domains so special?
NFT domains are essentially a suite of smart contracts, which is a fancy term to describe software written on a public blockchain. This means that instead of one company controlling your data online, the power is transferred back to you as the user. And by being built on blockchains, anyone can look at the data stored there, creating a level of ultimate openness and transparency.
On top of that, there is the benefit of enhanced security — only you hold the power to make updates to your NFT domain, which minimizes worries about servers getting hacked or domains getting stolen.
All that to say, blockchain superpowers give everyone a safer way to surf the internet while also giving control back to you over what gets shared and where it gets shared.
Some of the best features of having NFT domains.
- Simplify crypto transactions by replacing all your complicated wallet addresses with your domain name as your username.
- Use your domain to receive 275+ coins and tokens across multiple blockchain networks.
- Login to apps with your domain name as your universal web3 username.
- Unlike traditional domains, fully own and control your domain. You buy it once, you own it for life!
- Easily create and host websites, ranging from personal websites to NFT galleries.
Below are 5 reasons you need an NFT Domain that range from the superpowers they provide compared to regular domains (such as also functioning as a wallet address) to the unique benefit of never having to pay renewal fees.
#1) Zero Renewal Fees
Unlike traditional .com domains, you fully own and control your Unstoppable Domain, so you never have to pay renewal fees. Ever. You buy it once, you own it for life!
#2) Seamless Crypto Payments
No longer fear your payments getting lost in the ether (pun intended). Instead of copy and pasting your wallet address (which is similar to a bank account number and can look like: 0xc6b0562605d35ee710138402b878ffe6f2e23807), use an Unstoppable Domain as your one-stop-shop username to store all of your wallet addresses for sending and receiving crypto.
#3) Multi-Chain Compatibility
Your NFT domain comes with the superpower to receive over 275 supported coins and tokens, with many more on the way! Now you can navigate crypto transactions with ease, regardless of the blockchain network. Browse the complete list of supported cryptocurrencies here.
#4) Decentralized Websites
Want to create a website on the decentralized web? Create one in just a few clicks with our pre-made templates. Own any NFTs? Create a gallery-style website to show off your favorite collectibles as your collection grows. We’ll be adding more features and templates in the future, so stay tuned here.
#5) Own Your Identity on Web3
As the world shifts to web3, it’ll be more important than ever to own your part of the new internet. By owning an Unstoppable Domain, you’ll not only help progress the digital world, you’ll ensure your identity is secured for the next wave of technology.
If you are in idea to own an NFT Domain, Click Here
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