Web3 domain extensions

In the context of the public Blockchain, Web3 Domain is a fictitious website with a Web 3.0 backend that operates as a smart contract. Many new domain extensions, like .nft and .crypto, are some of the available Web3 domain extensions on the Polygon and Ethereum blockchains. This article will discuss some of the most popular Web3 domain extensions.  Let’s go!

What is Web3 domain extension?

When searching the world wide web, you’ll find domains known as Web3 Domains, which are housed on a decentralized network and backed by smart contracts. There are web3 Domain sellers, which are the businesses or groups that create and sell these domains.

Also, Web3 domain extensions, such as the popular .eth, .nft, .metaverse, .moon, .chain, .airdrop, .young , .free, .xxx, .layer, .hodl, .lambo, .token and so on, are examples of this kind of domain. These add-ons are recorded on distributed ledgers (blockchains), there are Freename and Cloudname that function on Polygon, Cronos, and Binance technology.

In addition, these Web3 domains are kept online since they are hosted in a decentralized manner, and the proof of ownership is held in your wallet, unlike conventional domains. As soon as you add the domain to your wallet after registering it, no one else will ever be able to use it again.

Web3 domains offer a wide variety of advantages due largely to the fact that buying one grants the buyer unrestricted use of the domain in question. This means there is no regulation or oversight from large IT corporations, unlike the situation with conventional domains, and you are free to do whatever you wish with the domains.

The following are some of the primary advantages of Web3 domain extensions to help illustrate this point:

  • Once you’ve paid for a Freename domain, no one else can take it away from you. 
  • Easy steps to create your website.
  • By using smart contracts, you can freely transfer from your wallet to other wallets.
  • You are the undisputed owner of your domain.
  • Domains can be linked to crypto wallets to simplify the transfer of funds, such as “name.wallet” instead of the convoluted wallet ID.

Why buy Web3 domain extensions?

Both investors and business owners can benefit from purchasing web3 domain names.

  1. Web3 domains allow you to shorten the number of characters in your Bitcoin and other cryptocurrency addresses. It supports Bitcoin, Ethereum, Litecoin, and other types of cryptocurrencies.
  2. Since it’s basic and easy to remember, your domain can be used as a login on the decentralized web.
  3. You have the ability to customize your domain in whichever way you like.
  4. As an NFT investor, you can buy numerous Web3 domains at once, store them away, and later sell them for a huge profit.

Who are the best Web3 domain extension sellers?

Here, we’ll highlight the best-selling domain name extensions currently available online.

Freename

There is no place but Freename to look for or register or mint a certain TLD. If the TLD doesn’t already exist, and you register it first, you can activate “Royalties,” and you’ll get paid for every subsequent domain registration that uses that TLD. It provides a perfect means to earn passively.

In addition, domains at the second level can also be purchased through Freename (with traditional or other TLDs already existing). A credit card or a Metamask can be used to pay for this transaction. 

All the benefits like no renewal fees, user ownership at 100%, and usability as cryptocurrency wallet address of web3 domains apply to domains with new top-level domains. 

Advantages of buying Freename 

  • You have the advantage of minting your TLD and also being able to connect your cryptocurrency wallet. 
  • Your domain name officially belongs to you. Keeping it does not necessitate paying a renewal cost. 
  • In addition, you earn royalties on the newly minted Freename TLD you own.
  • In addition to hosting modern Web3 sites, your Freename domain can host your classic Web2 sites as well. To accomplish this, knowledge of programming languages is not required. This page can be linked to e-commerce sites like Shopify and others.

Conclusion

There is no centralized hosting for Web3 domains. In other words, unlike with Cloud Storage, there is no centralized server handling the hosting duties; instead, the blockchain operates in a decentralized model on all compatible devices.

In contrast to conventional domains, the owner of a Web3 domain with root access has complete authority over the domain and can do whatever they choose with it. They can either make it a website on the Internet network, flip it for profit, tie it to a wallet, etc. Web3 domain extensions are unique because they differ from the conventional “.com.”

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!