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Interested in investing in NFT domains? Here are the best ones to buy and hold for the year 2024!
As the NFT market continues to grow and mature, investors are increasingly looking for new opportunities to capitalize on this burgeoning asset class. For those looking to invest in NFTs, one of the most attractive options is to purchase and hold right now.
Now, we willshow you some of the best non-fungible domains that will help you make money in 2023. We’ll look at their potential value, liquidity, and growth prospects, as well as the risks associated with investing in NFTs.
Why Buy NFT Domains?
NFT domain extensions are quickly becoming popular amongst digital asset owners. They offer a unique way to differentiate yourself from the competition and create a more personal brand. With the rise of blockchain technology and the NFT market, there are now more options than ever to invest in memorable digital domains.
Similar to traditional NFT art, these domains already have multiple real-life uses, the main of which are the following:
- They simplify how you work with cryptocurrency addresses.
- Link your NFT Domain to your BTC, ETH, LTC and 275+ other cryptocurrencies, making the long crypto address people work with as simple as “yourname.nft”, instead of random symbols.
- You can use your NFT domain to login.
- A single, easy-to-remember username on the decentralised web.
- 3. You get to own them for life.
- No renewal fees, ever.
Below you can find a link to the first and most reputable domains marketplace, Unstoppable Domains, which by far has the most features concerning these domains and has been used by reputable investors, creators and businesses in the world:
Which Ones to Buy and Hold?
Whether you are an investor looking to capitalize on the latest NFT craze, or a creator looking to secure your digital identity, here are some of the best NFT domain extensions to buy:
1. .crypto: The .crypto suffix is the premier NFT domain extension and is quickly becoming a default choice for blockchain and cryptocurrency-focused businesses.
It is perfect for anyone looking to build an online presence in the blockchain and cryptocurrency space. The .crypto domain is among the best names to buy in 2023 due to it being incredibly affordable, often costing less than $50.
2. .nft: Investing in .nft is the natural choice for anyone looking to build an online presence in the NFT market and is one of the assets to invest in.
It is the perfect option for artists, collectors, and investors looking to showcase their digital assets. The .nft domains are also relatively affordable, with most domains costing around $100.
3. .art: Buying .art is a great choice for anyone looking to create an online portfolio of their artwork, making it among the ones to buy.
It is good for visual artists, photographers, and any other creative professionals looking to showcase their work. The .art domains are usually priced around $100 a year.
4. .luxe: The .luxe suffix is an upcoming NFT domain extension that is quickly gaining popularity amongst digital asset holders.
It is perfect for anyone looking to create a memorable online presence and make a statement with their digital assets. If you want a .luxe domain, they are usually priced around $100 a year.
5. .eth: An .eth suffix is the official NFT domain extension for Ethereum-based digital assets, making it the best nft domain choice for anyone looking to showcase their Ethereum-based digital assets. .eth domains are usually priced around $50 a year.
6. .hi [Free Giveaway Available]: Web3 domains with a “branded” .hi suffix, such as “example.hi”, offer a recognizable identity for Web3 which can be employed for managing payments, sending crypto, and logging in to apps, games, and metaverses.
Users who have gone through the KYC process and have their hi accounts verified will be able to claim free .hi domains which will match their hi usernames.
For example, someone with the hi username “Joe” can acquire the joe.hi domain. Additionally, holders will be eligible to receive their corresponding nickname on the “hi” platform.
Conclusion
No matter what your needs are, there is sure to be an NFT domain extension to meet them. With the right domain extension, you can create a more memorable online presence and make a bigger statement with your digital assets.
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.
These include many domain extensions, that are new, such as .nft or .crypto, which are available on the Polygon and Ethereum blockchains.
How Do They Work?
NFT Domains are hosted in a decentralized 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.
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 such assets 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.