Crypto domains are time-purchases through providers like Unstoppable Domains and Crypto Domain Sale. Instead of having to renew their domain each year, domain holders can make a single purchase and own the domain for life. Each domain is 100% user-owned. This means that a centralized entity such as Google Domains can’t censor the information on the domain, thus giving full rights to the owner. With a crypto domain, you can own your identity in the digital world. Why not start with a Web 3 domain.
Over 3,300,000+ Web 3 domains have been sold, supported by 275+ coins and tokens. You can make payments and create a Web3 username and website URL. The following article gives an overall view of the world of crypto domains and the possibilities opening up in the space. With an Unstoppable Domain, you can build your own digital identity with domain profiles. Verify social accounts, display your NFT avatar, and highlight achievements. Crypto domains are an innovative system that provides new levels of security to domain holders represented by a single Non-Fungible Token (NFT). These domains no longer have a central point of failure and allow users to post without the risk of being censored by a third party. In the past, domain ownership worked on a rental basis – domain holders wouldn’t actually own the domain they “purchase.”
Instead, they would rent the rights to a domain registry and pay a renewal fee. With crypto domains, holders simply make a one-time payment and own the domain until they choose to sell it. Crypto domains also differ in the way they’re run. Unlike traditional domains housed on a server and managed by a central organization, crypto domains are decentralized and written onto a public blockchain. This gives the domain holder full ownership and rights to publish any information they want on their domain.
Although the concept of owning a domain is relatively new, it has already proven to be popular, with over 500,000 crypto domains being registered as of early 2022. Popular domain options include .crypto, .nft, .x and .eth. Two reasons are fueling their popularity:
The advantages crypto domains have over traditional domains are listed below-
1. The speculative flood of investors seeking to purchase what could be lucrative domains in the future, such as the initial wave of domain purchases in the early 2000s.
2. Crypto domains are time-purchases through providers like Unstoppable Domains and Crypto Domain Sale. Instead of having to renew their domain each year, domain holders can make a single purchase and own the domain for life. Each domain is 100% user-owned. This means that a centralized entity such as Google Domains can’t censor the information on the domain, thus giving full rights to the owner.
To quickly summarize, here are your domain’s superpowers (with more exciting new features on the way):
- 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, and you own it for life!
- Easily create and host websites, ranging from personal websites to NFT galleries.
With cryptocurrency becoming an increasingly popular means of exchange, such domains are extremely effective in speeding up the mass adoption of cryptocurrency. Popular Crypto Domain Providers
Domain providers such as GoDaddy, Google Domains, and Hostgator are household names in the Internet world, but crypto domains stand to shake things up.Web-3 companies aim to give power back to the people in the form of domain ownership.
As blockchain technology continues to grow and gain in popularity with new innovations around the world, the opportunity to take power from large multinational corporations and give it back to the people grows with it. One popular crypto domain provider is Unstoppable Domains. Unstoppable Domains allows users to create a non-censorable website.
This website can be stored in a holder’s wallet (much like any other NFT or cryptocurrency). However, domains registered on the site work as more than just a domain. They can be used to generate universal usernames, transfer cryptocurrency and even create a login to the decentralized web. Unstoppable Domains are built on either the Ethereum or Zilliqa blockchains, with several different domain options available. Once a user has bought a domain, they will have complete ownership, meaning they don’t pay renewal fees and can keep the domain until they wish to sell it.
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Crypto domains can be used for the transfer of hundreds of cryptocurrencies for payment from a cryptocurrency wallet.
Popular Crypto Domain Extensions
Like traditional domains, there are many different options when it comes to crypto domain extensions. Each extension has its own unique benefits, with some extensions only being available with certain providers. Here are some of the most popular options and their associations. Crypto – Part of a decentralized domain registry built by Unstoppable Domains to give freedom back to users.
.bitcoin – Designed especially for Bitcoin fans, this domain is provided by Gemini. It’s perfect for users who already use Bitcoin for transactions.
.nft – Designed with NFT projects in mind, .nft is perfect for NFT fans, artists and collectors.
.blockchain – This domain is associated with blockchain evangelists. It’s easy to remember and is designed to help move people from traditional .com domains to crypto-based alternatives.
.coin – This domain was created as an easy-to-remember option for NFT domains. It is compatible with USDC for easy payments.
.888 – Often associated with gambling, this domain name is linked to sites that wish good fortune upon their users.
.dao – domains are associated with open governance and a focus on community. As the support for blockchain communities continues to grow, this domain is one we may often see in the future.
.x – Simple, short, and exclusive. This is what users believe .x domains stand for. Another such company is Ethereum Name Service – ENS, which helps give crypto domains a human face. Instead of an address being a random code, users will see a typical domain name such as your business. Eth. Once the domain has been linked to a website address, it will display a fully functional website similar to most sites we see today.
Crypto Domains: How Popular Are They?
Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies have become mainstream. However, crypto domains are still a relatively new concept. The concept was critiqued by many current browser companies, many of which still refuse to provide browser access. Despite this, crypto domains have made significant ground over the past few years. Originally, crypto domains could only be accessed with certain browsers.
The most popular options were Brave browser and Opera browser. In addition to this, a plug-in was often required to access the sites, making the process extremely inconvenient for users.
However, recent announcements by Unstoppable Domains have changed the game entirely. Unstoppable Domains have uncovered a new service that will allow internet users to access decentralized websites without needing to download any additional software.
This service works with Cloudflare’s Distributed Web Resolver to allow any .crypto web address to be viewed from any browser or location around the world. Although relatively new, this technology will allow for the mass adoption of crypto domains, helping move the internet from a centralized platform to a decentralized one.
Final Thoughts: Will Crypto Domains Be As Common as the .coms?
According to a study by Dune Analytics, almost 90,000 crypto domains were minted in November 2021, the highest number of crypto domain registrations recorded in a single month. This significant growth in domain registrations suggests that crypto domains may one day become a norm on the internet.
The popularity of these domains will ultimately be determined by how easily they can be accessed by day-to-day users. With the crypto market continuing to be one of the fastest growing on the planet, the value of everyday crypto domains will likely continue to increase.
You can find out more information on how to choose the right crypto domain here. The cryptocurrency space is evolving at warp speed; everyone is looking to stake their claim on the digital real estate of the future. Part of that equation means buying the best domains for your new blockchain-based businesses.
You can scroll through our list of available crypto domains on Crypto Domain Sale, and if you don’t find what you are looking for, you can check out Unstoppable Domains. Stake your claim on the top crypto domains before anyone else.
*Crypto Domain Sale does not provide financial advice or recommend cryptocurrencies to buy or sell. This article provides links to promoted sites.
