Munir Badr About the Secrets of the Web3 Domain Industry

domain industry

In a recent livestream interview hosted by Freename, Munir Badr, the visionary mind behind AEserver.com and the mastermind of the Domain Days Dubai, shared his journey into the domains and hosting industry. Joining him in this insightful conversation was Page Howe, an experienced domain investor, and Freename’s precious advisor.

Munir’s Journey into the Domain World

Munir’s journey began with curiosity and a fascination for web technologies. He started exploring the internet, web development, and domain names in the early 2000s. Back then, the idea of owning a unique address on the internet was a novel concept. Munir’s curiosity led him to register his first domain name, AE server.com, in June 2005. This marked the beginning of his foray into the domain and hosting business.

Page Howe’s Path to Domain Investing

Page Howe’s entry into domain investing was similar. He worked for a family office with various portfolio companies and realized the importance of domain names in the evolving digital landscape. He saw the potential in acquiring valuable domain names for these companies. Page’s journey mirrored Munir’s in its curiosity-driven exploration of the domain industry.

The Birth of Domain Days Dubai

Domain Days Dubai, the first conference in the MENA region related to domains, hosting, cloud security, and SaaS, is a testament to the dynamic nature of the domain industry. The name itself reflects a global vision despite its Dubai roots. Munir explained that the intention was to start locally and expand globally, with the “Dubai edition” serving as the inaugural event. The success of this event has inspired plans for expansion into other regions.

The Impact of Community and Collaboration

Munir highlighted the significance of the domain community and events such as the Middle East DNS Forum. These gatherings facilitated knowledge sharing and networking, ultimately leading to developing domain industries in various countries. Dubai’s success became a benchmark for other cities in the region, demonstrating the potential of thriving local markets in the domain industry.

The Evolving Domains and Hosting Industry

Both Munir and Page acknowledged that the domain industry is not static. New opportunities arise from emerging trends and changing dynamics. Page mentioned the importance of keeping an eye on areas experiencing rapid growth, such as the Middle East and North Africa. The rise of NEOM, a new city in Saudi Arabia, led to a surge in domain registrations related to the project, demonstrating the potential for domain investors to adapt to evolving landscapes.

The Impact of Remote Work on the Domain Business

COVID-19 brought about a significant shift in the way businesses operate. Munir discussed how the pandemic accelerated the digitalization of processes and services, with governments and organizations transitioning to online platforms. In the UAE, the shift towards digitalization was already underway, but COVID-19 expedited the process. Meetings and transactions that once required in-person interaction became commonplace online, reducing the need for face-to-face meetings.

The Power of Web 3.0: Opportunities Abound

The conversation then shifted to the potential impact of Web 3.0 on the tech industry. Munir and his co-host, Page, discussed how Web 3.0 offers a world of opportunities. Munir aptly pointed out that Web 3.0 is like the “Wild, Wild West” of the internet, presenting limitless possibilities for developers, designers, and all those involved in the IT field.

Web 3.0 isn’t limited to domain names; it extends to everything related to information technology. This means new namespaces, extensions, tools, applications, and communication methods. The possibilities are endless, making it an exciting time for tech enthusiasts to explore this uncharted territory.

The Truth About Domain Ownership

One intriguing point of discussion was the misconception surrounding domain ownership. Munir revealed a common misunderstanding – believing that once you buy a domain, it’s yours forever. He clarified that domain ownership is more of a lease, with renewal fees required to maintain it. This fact holds true for Web 2.0 domains. However, Web 3.0 introduces a novel approach, eliminating the need for renewal fees. That means when someone purchases and owns a Web 3.0 domain, they pay once, and it is theirs, forever.

Web 2.0 and Web 3.0 Coexistence

A viewer inquired about the coexistence of Web 2.0 and Web 3.0 domains. The speakers emphasized that Web 3.0 domains do not disrupt the internet but instead complement it. The hybrid model of Web 3.0 ensures that the transition is smooth, offering safeguards and flexibility.

The coexistence of these two worlds presents exciting opportunities for domain investors and entrepreneurs, allowing them to explore new avenues while also enriching their understanding of domain value.

Freename: A Shining Example of Web 3.0

Munir praised Freename, a company actively involved in the Web 3.0 space, for its remarkable achievements. He acknowledged their recent funding, which made headlines in the industry, and indicated that Freename is just one of many companies venturing into this domain.

Their success is also an indicator of the potential of Web 3.0 and its capacity to redefine how we interact with technology. As Munir noted, Freename’s accomplishments serve as a beacon, illuminating the path for other innovators in this exciting field.

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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!

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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.

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