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In this guide, we will explain to you the different uses of an NFT domain name and then we will show you how to get your domain.
What Are NFT Domains?
NFT Domains are the kind of domains, hosted in web 3.0 and in a decentralized manner. Their main advantage is that they are hosted on the public blockchain, allowing you as their owner to do absolutely everything as they are tied to your cryptocurrency wallet.
The main networks used to host such domains are Ethereum and Polygon and they are very stable and decent, even though the technology is still in its baby steps.
As soon as you register it to your liking, you get to be the only owner of this domain and it is not tied to no company, just you, unlike how it works with traditional web hosting. Once you pay for the domain name, you do not have any extra fees, taxes or restrictions as to what will happen to this domain name.
One of the best pluses of owning an such an asset is that unlike the normal domain, you can do absolutely everything you want with it, without any restrictions or control from big tech.
How to Use an NFT Domain?
They can be used for 3 main purposes:
1. To replace your cryptocurrency address with the domain name you have purchased.
2. To sell it on NFT marketplaces and make a profit.
3. To use it to create a virtual website in Web 3.0.
Other uses of such domains that give you more freedom over traditional hosting and domain name ownership include the following ones:
- Once you register the domain, you are the only owner and as long as nobody has access to your cryptocurrency wallet, nobody can take it from you.
- These domains are used to make new kinds of websites, hosted in Web 3.0.
- You can transfer the domain and sell it without asking anyone for permission.
- The only owner of the domain is the owner of the wallet that minted it.
- You get to replace the long and boring cryptocurrency wallet address from a random name all the way to anything you want, like “yourwallet.wallet”, making it way easier to send funds and receive such via this wallet for any user and also easy to remember it as well.
Where to Buy NFT Domain?
If you want to get engaged and buy your first name, we would suggest following the steps below. The reason for that is because they include the usage of the pioneer service for ownership – Unstoppable Domains. It has a lot of benefits, because it is simple to use, has a built-in site builder and minting features and also works with Metamask, which is probably the most widely used cryptocurrency wallet extension out there.
Steps to Get an NFT Domain
Below is the fastest method via which you can purchase an NFT domain and then add it to your wallet:
Step 1: Go over at Unstoppable Domains and set up a new account using Metamask or other supported wallet:
Step 2: Go over at the search bar and type in your desired domain name:
Step 3: Select between the domain names that are available. You can choose cheaper and more expensive ones, which are more desirable:
Step 4: Click on the top-right corner of the screen to complete your purchase:
Step 5: Choose the payment method and finalize your purchase.
Congratulations! Now you know how to own your first NFT domain name. If you want to mint it to your wallet, you can follow the following guide on how to mint an NFT domain. This will make your wallet the one and only owner of the domain.
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 Do They 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 Site Using Such A 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.