Today i’d like to help you buy your first NFT Web 3.0 domain. We’ll talk about what they are, where you can get one and how to buy/use one.
What is an NFT/WEB3 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 long complicated wallet addresses with the domain name and easily creating and hosting websites on web3.
If you haven’t heard yet, NFT domains are the newest kids on the block(chain) and they have the power to change what we know of as the internet today. But before we dive into all that goodness, let’s take a step back to run through what traditional domains are and define NFTs — that way, you can truly understand the superpowers behind NFT domains.
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?
But as we can see, traditional domains haven’t progressed much beyond displaying websites. This might be because traditional domains have been controlled by centralized servers since the internet was created. This made it much more difficult for developers to innovate on top of that technology.
Luckily for us, the tech that powers NFT domains (a.k.a. blockchains) opens up a whole new realm of possibilities for us on the web!
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 Do They Work?
Great question! 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.
Cool, I’m starting to get the power of blockchain but am still not 100% sure what I can DO with an NFT domain?
Uses of an NFT Domain?
- 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.
Reasons to get one?
#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.
How to get one?
- To buy one visit this link and follow the prompts: Register for Unstoppable Domains.
- How To Buy Your First NFT Web 3.0 Domain: Ethereum Naming Service
- What are NFTs? Non Fungible Tokens Explained
- All About Cryptocurrency Wallets: What They Are, How To Keep Them Safe and Web 3 Identities
- Gamers Assemble: Play Games To Earn Crypto! GameFi Explained
- Applications and Use Cases of Blockchain Technology