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What Is an NFT Domain?
NFT Domain is the kind of domain that is hosted on a decentralised network and is supported by a form of a smart contract, that are listed on the public Blockchain and NFT Domain Sellers are the organisations or teams that take the time and effort to create and sell those domains on the public blockchain.
What Is an NFT?
An NFT (non-fungible token) is a digital asset that is stored on a blockchain and is cryptographically signed, making it unique and non-replaceable. This new form of asset is digital and is used to authenticate ownership of digital items such as art, music, videos, and other digital assets. NFTs create a marketplace for digital assets, allowing them to be bought and sold in a secure, transparent, and immutable manner. This new technology is revolutionizing the way digital content is created, bought, and sold, bringing new opportunities to creators and buyers alike.
What Is an NFT Domain?
NFT Domains include various forms of new extensions for the domains, such as the very sought after .eth, nft, .crypto, .polygon and so on. These extensions are listed on blockchains, the most often used ones of which is the Ethereum network, which is also related to the Polygon technology.
Unlike traditional domains, these types of NFT domains are kept online by being decentralised in terms of hosting and the proof that they are yours is that they are stored in your crypto wallet. This means that once you register it and add the domain to your wallet, nobody else can become an owner of it.
Compared to traditional hosting, in this situation once you buy the domain, you pay for it only once and it becomes yours for free forever. There are a lot of different benefits that are associated with NFT domains, mainly related to the fact that once purchased, it gives you the complete ownership of this particular domain without any restrictions to what you can do with it. This means that unlike the situation with traditional domains, you get the full power to do whatever you want with the domains, without any controlling from big tech companies and any rules what so ever to what you must do.
To better explain you the benefits of NFT domains, we have listed the main pros below:
- You can invest in it and trade it in the future by holding it.
- Nobody can claim this domain from you once you bought it.
- It can be used for making your ownwebsite.
- You can give it to other wallets using smart contracts without any restrictions.
- You have master control over the domain.
- You can attach the domain to your crypto wallet, making it simple to send you money, like “yourwallet.wallet”, for example, instead of the long and twisted wallet ID.
Why Buy NFT Domains?
There are a couple of beneficial reasons to buy NFT domains, both for investors and owners:
1. You can simplify your BTC and other addresses with NFT domains. This works for a lot of cryptocurrencies, like BTC, ETH, LTC and 275 more.
2. You can use your domain for much easier login on the decentralized web since it is simple and easy to remember.
3. The domain is yours for life.
4. You do not pay any monthly or annually renewal fees for asking, but only the one time price for full ownership.
5. If you are an NFT investor, you can buy strategically multiple NFT domains and later save them for a huge profits on the market places.
Which are The Best NFT Domain Sellers
In this segment we will be showing you which are the top the main sellers that you can find currently on the web.
1. Unstoppable Domains
What you can get from unstoppabledomains?
1. Simplify cryptocurrency addresses with NFT domains
– Attach your BTC, ETH, LTC and 275+ other cryptocurrencies to your NFT domain
2. Login with your domain
– A single, easy-to-remember username on the decentralised web
3. Own your domain, for life
– No renewal fees, ever
Unstoppable Domains is currently the top provider for NFT domains, which are currently on the blockchain, making them one of the most sought after NFT Domain Sellers currently. This makes this service one of the pioneers in the Blockchain domain history. The main strength of the company is that it offers domains that are hosted on the Ethereum Blockchain network, which allows the user to have a full control over the purchase the domain, in comparison to traditional one. To put it simple, these are domains that have super powers and you retain control of them once you buy them. The service of Unstoppable Domains is simple, easy to get used to and they have an excellent customer support with the large knowledge database:
The main domains that are currently offered by Unstoppable Domains contain the following extensions:
Probably what we found to be the most useful when it comes to their website and the services they have to offer is the NFT Domain search, which we found to be extremely helpful, especially when you’re looking for a domain and you have a specific budget. What it does is it shows you in a very simple way the available domains and list them according to price and domain extension, so you can find the mains ranging up to thousands of dollars, depending on how desired the names are.
And it is very simple to use, since all you have to do is just search for the name, and the service will come up with all of the possible suggestions in combination with domain extensions:
Below you can see how the system lists domains based on their price and importance:
At this stage Unstoppable Domains have managed to succeed a mind blowing 319.1K items with 68.7K owners and 1.1K volume of Ethereum traded.
2. Decentraland Names
Being one of the pioneers of creating a Blockchain virtual world, that has its own resources and users who can create all kinds of contents and apps, which are decentralized. Decentraland Names also has a lot to offer when it comes to NFT naming and being one of the most popular NFT Domain Sellers out there. Sure, its “Names” do not serve as direct domains, but they are created with the same purpose and they re ERC721s, which are incorporated successfully in the Ethereum Name System. They can also be used to simplify your wallet, for example “josh.dcl.eth” and they can be bought and sold in the native Decentraland cryptocurrency – MANA. Currently, the Decentraland Names can officially be found in their official marketplace website or their page on Opensea.
We found their marketplace to be more convenient for purchases as it offers interesting features, like the live chat support, filtering and an easy purchase process.
3. ENS Domains (Ethereum Name Service)
Ethereum Name Service or ENS domains are large NFT Domain Sellers that offer domains, made to serve the decentralised universe. They are a secure way for each used to map human names on the blockchain. They can be used for variety of purposes, including IPFS, Ethereum address replacement, hashes and even websites. ENS domain names are usually available on secondary markets, like Opensea.
One of the main benefits of this service is that the domain names bought on it are very cheap and sometimes even free.
At this point Ethereum Name Service has 597.7K items and 274k owners with a mind blowing 13K Ethereum being traded for its names making it the domain seller with the biggest volume traded from this list.
4. Cryptovoxels Names
Cryptovoxels names are another one of the currentlyNFT Domain Sellers form of ERC721 token that can ultimately be used as an NFT Domain. Just like Decentraland, Cryptovoxels is also a metal verse, that is powered by the decentralized Ethereum network and Blockchain. As a participation in the middle verse you can buy land build stores and art galleries and edit everything. Just like Decentraland names, Cryptovoxels names is also a way to purchase a name of your avatar and make it your own private NFT domain, and even likely tie it to services, like a website in web3, for example.
Currently, these names are one of the top trending on Opensea’s NFT domain category with 15.6 volume of Ethereum traded and 2.6k owners for a mere 9.5k items.
5. Trust Domains
Trust Domains is a top service for domain names on the blockchain and is one of the newer NFT Domain Sellers. They are also ERC721 tokens and the organization is mainly focused on the financial infrastructure aspect of the Web.3.0. The domain extensions they have support for are:
Not only this, but also Trust Domains offers different features, like a search engine on its official website, where you can look for available domains to get:
They are focused also on working not just with Ethereum, but also have support for Binance, Confux and HecoChain, so one could say that their domains are mainly focused on the financial application of the NFT domains. Currently Trust Domains are one of the newer competitors in this segment, but due to the lack of competition we expect them to skyrocket pretty soon.
6. Ackerman Token
Achkerman Token is among the relatively new and interesting NFT Domain sellers. It’s main focus is not on domains, but on sub-domains. For example if your domain is “you.eth”, you can modify this domain by adding a sub-domain that is linked to it. Currently they are listed on couple of marketplaces, like Opensea and Momentranks. The main domain extension used by this seller is .eth.
NFT Domains – FAQ
What Is an NFT Domain?
An NFT Domain represents a virtual web domain that is hosted in a decentralised manner in web 3.0 and runs in the form a smart contract, which is listed on the public Blockchain.
NFT domains include many domain extensions, that are new, such as .nft or .crypto, which are available on the Polygon and Ethereum blockchains.
How NFT Domain Works?
NFT Domains are hosted in a decentralised way. This means that there is no specific server doing the hosting, similar to what is Cloud Hosting, but with the difference of a clear decentralisation across all of the devices supporting the blockchain.
This allows the owner of the domain to have a complete control over their domain with root permissions, unlike what you would have with traditional domains, making them the only ones in power to decide what they can do with the domain (make a web 3.0 website, flip it for profit, tie it to a wallet, etc.)
What are NFT Domains Used For?
Having no clear control due to decentralization allows NFT domains to have the following applications, when compared to traditional domains and web hosting:
1. They can make your long and boring crypto address short and easy to use by changing it using an NFT domain name instead. This works with most of the cryptocurrencies, including LTC, ETH and BTC.
2. Simple and easy to remember, making working with them a breeze.
3. You get a full control and ownership of the domain for life.
4. You pay only once when you get the domain to own it and there are no other hidden fees and monthly charges as it is not controlled by big tech.
5. There is no limit to how many NFT domains you can own and you can sell them very easily.
How to Get an NFT Domain?
In order to register NFT Domain to your name and then link it to your wallet, you should complete the following steps:
Step 1: Create an account at Unstoppable Domains.
Step 2: Type in the domain name you are interested in registering and you will get an extended list of suggested domains available at different prices.
Step 3: Choose your favourite among the suggested domains and add it to your cart.
Step 4: Open your cart from the website’s top-right hand corner and complete your purchase by selecting the payment method.
Extra Tip: Unstoppable Domains is by far the first and best platform for NFT domains so far, but you can also check other NFT Domain sellers if you are interested in other platforms or blockchains.
How to Mint NFT Domains for Free?
Below are the steps it takes to link your domain to your crypto wallet and mint it for free using Unstoppable Domains:
Step 1: Go to your profile on Unstoppable Domains. After your have purchased your domain, go to Domains – My Domains and you should see it there. Once there, click on the “Free Mint” button next to it.
Step 2: Make sure to confirm your e-mail address by entering the code sent to it as a security measure.
Step 3: Choose to which wallet you want to tie the domain to. If it is not supported, you should create a wallet on one of the supported platforms. We suggest using Metamask as it is the safest option.
Step 4: Click “I Understand” to confirm and the “Confirm” to mint your NFT domain.
Minting an NFT domain means making it a part of your wallet and owning it completely. You can later sell the domain for profit or use it to build a web 3.0 website.
How to Make Money With NFT Domains?
The only working and known way so far to make money in web 3.0 with NFT Domains is to sell them by flipping them for profit. This works by performing the following actions:
1. Buy the NFT Domain.
2. Mint the NFT Domain to your wallet.
3. List it on NFT Domain Marketplaces at the right price that will make it desirable for investors.
How to Make a Website from NFT Domain?
Creating a website from an NFT Domain is still at its early stage of development. However, if you want to make your own web 3.0 site, make sure to check out the official extended guide by HTH on How to Create a Website on The Decentralized Web.