Web3 TLD

Web3 TLD has gained so much buzz on the internet in the present day. One would wonder how it flows seamlessly with current internet revolutions like blockchain, NFT, crypto, and the metaverse. Then, you are beginning to see .eth, .metaverse, .chain, etc., and you are beginning to wonder about the roles these top-level domains play.

So, let’s check out what Web3 top domain name is all about. Will it serve its purpose? We would also look into other important details about this latest web evolution.

What is a TLD?

A top-level domain (TLD) is the next level up from the root zone in the Domain Name System (DNS). A TLD is, in the simplest words, anything that comes after a dot in a URL. In the domain name “google.com” for instance, the “.com” at the end is the TLD. The “.org,” “.uk,” and “.edu” top-level domains are also quite common.

There wouldn’t be a DNS lookup procedure without TLDs. When a user types a domain name like “google.com” into a browser’s address bar, the DNS resolver contacts the top-level domain (TLD) server to begin the lookup process. If the top-level domain (TLD) is “.com” for example, the resolver will make a DNS lookup to learn the Google origin server’s IP address.

The Top-Level Domain (TLD) system used by the Internet is governed by ICANN, which has the ultimate say but assigns responsibility for individual TLDs to other groups. For instance, the “.com” and “.net” TLDs are managed by a single American business called VeriSign.

The second function of TLDs is to clarify and categorize the use of domain names. Each top-level domain (TLD) will provide further context about the domain that follows.

Web3 TLD involvement in Cryptocurrency

The importance of cryptocurrency and Web3 can not be separated as they are intertwined.  Hence, each is crucial and necessary for the actualization of the other. In particular, cryptocurrency makes decentralization possible and provides anonymity in various contexts on Web3.

It would be challenging, for example, to trade with NFTs outside of established networks without crypto and blockchain. There are top-level domain names .metaverse, .chain, .airdrop, .young, .hodl, etc and this speaks a lot of the involvement of cryptocurrency in this system.

Is the Web3 TLD making  ICANN useless?

There is no way Web3 emergence can make ICANN useless. However, ICANN will not be responsible for overseeing Web3. ICANN’s sole focus is Web2 DNS. Since Web3 functions on blockchain technologies, they are outside its jurisdiction. Both Web2 and Web3 support domain names since they are more convenient than lengthy alphanumeric identities for users. Domain names, however, have a wide variety of potential applications across industries.

Current blockchains have unique domain name requirements that aren’t met by the ICANN approach. There is no foreseeable update until 2025 per ICANN regulation. The Internet Corporation for Assigned Names and Numbers (ICANN) has decided to cap annual expansion at 1,000 new top-level domain (TLD) extensions across all existing TLD types (generic, geographic, community, restricted, Internationalized Domain Names (IDNs) that employ non-ASCII characters, and dotBrands).

In addition, a blockchain-based domain extension from a network like Freename is now an option for a new TLD. Extensions such as .metaverse, .lambo, .token, .layer, etc., make it possible to create specialized subdomains. 

Freename: The big stop for all web3 TLD and domains Freename is a TLD and domain name registration platform that allows its users to search for and register/mint any kind of TLD. This uniqueness gives users further opportunities to explore. It even compensates its users if the TLD doesn’t exist yet. Once you’re done with your registration, it will provide an incentive known as “Royalties”. With this, you can be the first to earn passively with each domain that registers with that TLD subsequently.

It doesn’t have any renewal fee attached to it and you have total ownership and may also choose to make use of your domain name as your crypto address.

Why choose Freename.io?

  • You can create Web3 TLD or domain easily without any need to pay the regular renewal fee.
  • You can become a web3 registrar yourself and earn Royalties.
  • It doesn’t require a special code for users to integrate the combination of Web3 TLDs and Web3 Domains to function as a Web2 domain.

Why you should get yourself a Web3 Top-level Domain

  •   It’s your property: Neither before nor after your purchase will anybody else have owned your Web3 domain. Buy the extension from a company like Freename and then use either your chosen name or your existing social network ID.
  •   Digital presence: Your Web3 domain is your digital fingerprint. It’s your digital identity, whether it’s a cryptocurrency wallet, a website, or something else.
  •   Anonymity: Web3 domains can be set anonymously, and users’ IDs will not be tied to their blockchain domains in the same way that they are with conventional domain name registration.
  •   Security: The Web3 domains are safer from intrusion since they run on a decentralized network. Without a central server, there is no way for the system as a whole to crash. When hosted on the blockchain, these domain names cannot be transferred or altered, making them perfect for securing confidential information.
  •   Smart investment: Although Web3 domain names won’t be cheap forever, they’re a great indicator of where the Internet is headed in the future.

Conclusion

Web3 TLD is an advancement of its predecessors, Web1 and Web2. It promises something that the other two couldn’t, anonymity. In addition, it has given a big room for the involvement of Artificial intelligence (AI) on the net.

Web3 has no precise definition because it means several things in different internet sectors. But something remains certain and involves it being intertwined with blockchain technology. Web3 has so much potential that is yet to be explored.

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!