How does the future of Web3 look like?

future of web3

Ever since it was first created, the Internet has been developing at a rapid pace. All of a sudden, discussions of cryptocurrencies and NFT have become a central issue of Web3 and Internet revitalization.

Expectations of a more democratic internet where users, not corporations like Google and Facebook, are in charge of their personal information and financial transactions online are raised. But, like with every grand claim, Web3 needs to be extensively investigated before its fundamental ideas can be trusted, let alone its promises. The term “Web3” describes the next stage of this advancement. Find out what it is, shall we?

The journey of the world wide web

Since its inception (often dated to 1989), the World Wide Web has seen constant development, primarily in terms of its underlying infrastructure.

By looking down “from above,” we may place these developments in the context of Web1 when consumers explored the World Wide Web in search of entertainment. Those who built websites back then did so to make information widely available to the public. There was no way to interact with the material beyond clicking pages, and the sites generally presented a very static experience overall.

But most of us have grown up in the so-called Web2 era of social media and user-generated content. In this day and age, one need not be a coder to take part in the making of published content, and the sites themselves offer a great deal of interactivity. In reality, if we wanted to publish information, we would be spoiled for choice due to the sheer number of sites of this sort available to us. To put it another way, anyone may easily enter the field of content creation.

In the current era, known as Web2, the methods used to ensure the safety and profitability of any given service are largely the same across the board.

1) the website is live;

2) the maximum number of users is attracted;

3) the site makes money off of its established clientele.

In most cases, a company’s primary focus when launching a new service will be on building its user base, which is essential for generating revenue. When it comes to security and data management, all services operate in essentially the same way, with a single entity (often the firm managing the service or site) having command of everything.

Let’s see the Web3 era: Future of Web3

In many ways, Web3 represents a paradigm shift, but its emphasis on decentralization is fundamental to the discussion.

In reality, Web3 introduces a layer of verifiability that was previously unimaginable on the internet; this new era introduces the potential of decentralized governance in which no single organization controls the entire service and fundamentally alters the notion of “payment.”

This has substantial ties to the blockchain industry and, by extension, the cryptocurrency market.

In fact, a Web3 hosted on a blockchain can be considered a tool that operates independently of a central server or any single entity with authority over its operation.

These days, you may use blockchain protocols to get internet storage, identity verification, and money transfers (among other things) in a completely decentralized, anonymous fashion that isn’t governed by any one organization.

Payment systems such as PayPal, Stripe, and others like them are now commonly used and widely known. Because of Web3’s extensive blockchain integration, financial transactions between individuals and businesses may be conducted directly, bypassing the need for a middleman.

Another benefit is that the cost of a disintermediated money transfer is effectively nothing compared to the expense of using an intermediary.

Web3 and blockchain: what’s the correlation?

Still, Web3 seems to be where this technology is headed. However, what exactly will it include?

The Internet as we know it will change in Web3, which will be a decentralized, user-driven platform. The current paradigm is different since a small number of corporations have a monopoly (the usual known names: from the newborn Meta to Google, via Twitter). The blockchain could facilitate the development of a platform for providing decentralized application-based commercial solutions in the emerging paradigm of the digital network.

There is currently a limited set of use cases for blockchain technology, most of which involve the buying and selling of physical goods. However, with the advent of NFT (non-fungible token), digital assets such as works of art, virtual real estate, and video game collectibles can now be bought and sold on the blockchain as well.

The third evolution of the web will likely center on one central idea: trading, selling, purchasing, and speculating with digital artifacts. The blockchain makes it possible for individuals to issue their own currency independently of banks or governments.

Those who are most enthusiastic about Web3 claim that it will make it possible to build virtually anything in the cloud, without having to use any pre-existing platforms. This includes social media sites like Google and Facebook, as well as cloud computing services like Amazon Web Service, which is owned by Jeff Bezos. The new services would ultimately belong to the people who make and use them, which is a huge step forward.

The attack on the Future of Web3

There are already a large number of Web3 “evangelists,” but not all of them are trustworthy (digital). First, it’s important to keep in mind that Bitcoin mining on a blockchain requires a lot of computer power, which is terrible for the environment at a time when the world is striving to find answers to the climate issue.

Furthermore, Web3 would not accept multi-centralized governance because of its inherent freedom. The risk to consumer safety if this were to happen is high. There would be no centralized hubs to safeguard users’ data and belongings, which would give them more freedom but also make them more vulnerable to online threats like scams and privacy breaches.

What is Freename.io in the future of Web3?

This is nebulous and largely dependent on your conception of what Web 3.0 entails. In case you were wondering, there will be a third major redesign of the Internet. This is predicated on the assumption that the development of the Internet can be separated into discrete phases. Its development, according to many, has been significantly more complicated than can be captured by version numbers alone.

However, Web3 domains are currently in rave as it is fundamental to Web3. They represent a blockchain network on which Web3 thrives. Back then in the absence of Web3 domains, reading a wallet address might prove difficult as it was a collection of 42-characters made up of random numbers and alphabets.

With the Web3 domain, that is not the case as Web3 is all about “read-write-trust web” and decentralization. If you’d want to explore Web3, then you need a Web3 domain name service so that users can establish a consistent online identity across several addresses. This will provide you with a better identity on the decentralized web and because of this function, the Web3 domain increases in value over time. It has gained the attention of crypto users.

This is where Freename.io comes in. You can register your domain name and even Top-level domain (TLDs) on this platform. You stand to enjoy a lot of Web3 benefits such as Royalties. Check out Freename.io today!

Conclusion: Future of Web3

Over the next many decades, the Internet will undergo continuous change. We’re talking about exactly that amount of time. Most estimates place the origins of Web 2.0 somewhere between 20 and 30 years ago.

Finding many direct parallels between the Internet most of us use now and the one we used in the early 2000s would be a tall order. Although, strictly speaking, we are still in the same era.

We are at the very beginning of Web3, and most of the breakthroughs it will usher in are beyond our current imagining. Still, the web’s development has always been this way: unrelenting and unstoppable.

Start your Web3 journey with Freename TLDs and Domains. Sign up now and get a welcome coupon code of 10$ on your first purchase. 



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How does it work?

Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

You can chose on which blockchain you want to mint on and minting fee is covered by Freename!

HOW TO USE COUPONS:

Once you have added your favorite items to the cart, you proceed to “checkout” and add your coupon to the “coupon box”.

Said coupon will instantly do its magic and your due total will drop!

COUPON CODE CAN ONLY BE USED ONCE!
ENJOY YOUR SHOPPING AND GIFTS!

How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!

GOOD LUCK!

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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

Ask Away!