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NFTs are being sold, bought and traded all over marketplaces designated for decentralized hosting. You want an NFT Domain to be linked to your digital wallet? You want to trade with cryptos and NFTs and get on the action? We at HTH.guide have created this article for you to help you show the way.
If you have ever wondered about how to set up the whole process of having your domain inside your crypto wallet, then you will find this useful.
First, let us begin with shortly addressing what exactly an NFT domain is, the context of decentralized hosting and what a crypto-wallet is, finishing with linking such things together.
What Is an NFT Domain?
NFT Domain is a domain which is decentralized and exists in the form of a smart contract, listed in the public Blockchain, while giving individuals who purchase them complete ownership over their stored data, while they can change domain names if they pay for more than one.
The idea of an NFT domain is to make things easier with cryptocurrencies, by simplifying transactions with replacing wallet addresses with the name of the domain name. In the end that also eases the creation and hosting of websites on web3.
An example list of domain names available on the Unstoppable Domains network:
We have covered NFT Domains and the Best NFT Domain Sellers in a previous post, which you can further check out.
Benefits of Owning an NFT Domain
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
What is the Purpose of Decentralized Hosting?
The decentralization of hosting signifies an outcome where the search and distribution of information and long-range informal communications are not tied to or controlled exclusively by monopolies or one, central place. All actions that are carried out on the blockchain will be fuelled by the general population and our own online networks.
Decentralization Web Hosting, as we have covered extensively before, means that domain-related web hosting is not obliged to follow specific rules, policies, nor regulations instructed by a single powerful institution. The duties will be shared.
An option is to have different servers or crossing over customer applications using a distributed model of transmission. Having independence, variety and the choice to move to a different service seamlessly are all concepts for which decentralized hosting striving for.
Crypto Wallet and Its Importance
Crypto wallets keep your private keys or in other words, passwords which give you access to your cryptocurrencies, NFTs, including your NFT domains.
Crypto-wallets are safe and accessible, allowing you to send and receive cryptos such as BitCoin and Ethereum. They come in many variations, such as hardware wallet devices to online applications such as MetaMask, Coinbase, etc. These wallets make the handling of your digital assets easy and secure.
Why Your Crypto Wallet Needs Proper Managing?
Crypto Wallets do not actually store your cryptocurrencies, but your holdings are live on the Blockchain, and can only be accessed using a private key. So, they do not store the cryptos directly, but link to them via shortcuts. Your keys prove your ownership of your digital money and allow you to make transactions.
Losing your private keys will cease the access to your money online. That is the most crucial reason to have a secure cryptowallet that saves your keys to assets such as NFTs. Same goes for domains on the decentralized Blockchain linked with your crypto wallet.
Now, you will see how to register an NFT Domain, Mint it for Free and finally Link it to your wallet.
How to Register NFT Domain and Mint It for Free?
In order to mint an NFT Domain for free, first you will have to own one. To do this you will have to use services, like Unstoppable Domains, designed to help you with registering your NFT domain based on your desired name and preferences. Below we have created the steps that are designed to help you register your first NFT domain and then mint it for free by using the Polygon network.
How to Register NFT Domain?
Step 1: Go to the Unstoppable Domains website and sign up or sign in if you already have an account:
Step 2: In the search bar type in the domain name that you are interested to register. In this case will use an example domain:
Step 3: Choose among the suggested domains in case this one is occupied. You can also go to the last page, where you can find the cheapest ones in case you are on a budget.
Step 4: Go do your cart in the top right corner of the website in order to complete the purchase:
Step 5: Complete the purchase by choosing the payment method you would like to buy the NFT domain with. As you can see from the image below, you can use multiple types of payment methods, including in cryptocurrencies:
How to Mint an NFT Domain for Free?
Now that you have completed the purchase of your first NFT domain, you can do everything with it, including minting it online. You can use this to sell the domain for a higher price, like flip it or register the domain on your cryptocurrency wallet to use it to make it easier for your wallet to be remembered and copied. The steps below will show you how to do this for free.
Step 1: From the main web page of Unstoppable Domains, go to Domains > My Domains and you should see your domain. You can initiate the minting process by clicking “Free Mint“:
Step 2: Confirm your email address by entering a unique code that will be sent to it as a security measure:
Step 3: Choose the minting method. This means that you have to tie the domain to your cryptocurrency wallet, if it is one of the wallets supported by the service. Doing so will make sure that the domain is tied to your wallet and is authentically yours so that nobody else can use it:
Step 4: Confirm by taking the “I understand” box and then click on the “Confirm” button to mint your NFT Domain.
That’s it! You have now officially minted your first domain for free. The benefits to this are many, because like traditional domain hosting, here you only registered the domain once and it’s truly your personal web3 domain with all of its rights.
In case your Metamask or other wallet is also linked in your account in Opensea, which is the biggest NFT marketplace right now, the domain will automatically appear on your Opensea account after you log in. You can sell the domain and virtually do anything you want with it, even put it up for an auction.
How To Link Your NFT Domain to Your Crypto Wallet
The steps are pretty simple if you have completed all of the above actions.
Here are the general instructions:
- Open your in-app browser.
- Go to Etherscan.
- Search for your custom token.
- Scroll down and retrieve the token’s contract address.
- Go back to your wallet.
- Select Add Token and MetaMask will automatically update the token symbol and tokens of precision.
- Now Your NFT Domain is Successfully Linked to Your Wallet.
In case, you want to link an Unstoppable Domains NFT domain as a UD Token to MetaMask, here are the steps:
- Open MetaMask and click Add Token.
- Click on Custom Token.
- Enter the following contract address: 0xd1e5b0ff1287aa9f9a268759062e4ab08b9dacbe for .crypto minted on Ethereum (CNS), 0x049aba7510f45ba5b64ea9e658e342f904db358d for all other TLDs like .coin and .dao minted on Ethereum (UNS).
- For Token Decimal, put 0
- Click on the Next button and that is it.
These were the instructions on how to easily link your NFT domains. Remember, you can create as many domains as you want, but you cannot delete them.
You now have officially linked your first NFT domain to your crypto wallet for free. The benefits here are many, including truly owning the web3 domain with all of its rights and it is linked to you and no one else. Also, every tokens or currencies gained from the NFT domain will display in your wallet.
NFT Domains – FAQ
What Is an NFT Domain?
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?
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?
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.