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What Is an NFT Domain?
NFT Domain is the type of domain hosted in a decentralized way, thus allowing it to remain solely operated by its owner as it is tied to their crypto wallet.
NFT domains have new domain extensions, that are usable in Web 3.0 and are available on the blockchain networks Ethereum and Polygon.
How Do NFT Domains Work?
Once you register an NFT domain, unlike traditional hosting, you become the only owner of the domain, and whoever owns the wallet to which it is accredited is the only master. It is crucial to known that once you pay only for the domain, you own it for life without having to pay any fees annually or monthly.
Probably the main benefit of this type of domain over traditional domains is you can do absolutely anything you want with it as you are the sole root owner of the domain, making you the one able to flip it for profit, give it to a friend or create a website in web 3.0.
Why Are The Main Pros of NFT Domains?
Some of the primary features NFT domains possess include:
- No one is able to take the domain from you.
- It can be used to create decentralised websites in Web 3.0.
- You can send the domain and accredit it to someone else without asking for anyone’s permission.
- As a sole owner, you retain full power over what happens to this domain in the future.
- It can be used to replace the long cryptocurrency wallet address. Instead of the traditional complicated address, people can transfer crypto to you by simply using the NFT domain name you registered, for example “yourwallet.wallet”, making working with crypto a lot easier.
How to Get an NFT Domain?
Below is our method on the quickest way to get an NFT domain and add it to your wallet.
Step 1: Visit the Unstoppable Domains site and create an account using Metamask or another wallet:
Step 2: Go to the search bar and then type a domain name you want to add. In this situation we are using an example domain name:
Step 3: Select between the domain names suggested. Going to the last pages will see cheaper ones in case a budget is important for you:
Step 4: Visit the top right hand corner of the site to finalise the one-time forever purchase:
Step 5: Finalize the purchase by choosing how to pay for the domain. The image below shows the available payment methods:
How to Mint an NFT Domain for Free?
After having finalised the purchase of your web domain name, you can use your menu to add it to your cryptocurrency wallet, mint it and virtually do anything you want, like flip it on NFT marketplaces for a higher price and so on. And all of this is for free. Here is how to mint it:
Step 1: Go to Unstoppable Domains and select Domains and then My Domains. You should see a button next to your domain, called “Free Mint“:
Step 2: Confirm your e-mail as an extra security layer:
Step 3: Choose the method via which you want to mint your domain. This means adding it to the domains of your crypto wallet. In case this is a wallet supported by this service, the NFT domain will be added to your crypto wallet and be truly yours with all of its features:
Step 4: Make sure to click on “I understand” box and then “Confirm” to finish the minting process:
Congratulations, you have now minted your first domain completely for free! This brings many benefits compared to traditional domain hosting as you only register it once and you can use it for all of its purposes free of further charges.
You also have the ability to use the biggest marketplace for NFTs, Opensea, since the domain will automatically show up on your Opensea account as soon as you log in there. You can sell it for a higher price to make money, list it up for an auction and so on.
Conclusion
We hope that this tutorial helped you understand more about what NFT domains are and what you can do with them. In case you have anything to ask, do not hesitate to use the comment section below.
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 Domains Work?
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.
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.