Why Everyone Should Have a Web3 Domain in 2023

web3 domain

Blockchain technology continues to revolutionize various industries and transform the digital world. Now it is also changing the internet with the rise of web3 domains, paving the way for a decentralized and highly secure internet experience built on the blockchain infrastructure. And now is the perfect time to buy your web3 domain to embrace the future of the internet.

Whether you’re a tech enthusiast, entrepreneur, businessperson, or simply a curious netizen, here are some compelling reasons for everyone to have a web3 domain in 2023.

Reason to Have a Web3 Domain in 2023

Permanent digital ownership

The primary goal of the web3 domain is to decentralize digital ownership. You can never truly own a traditional web2 domain. Top-level domains (TLD) like .com, .net, .org, etc. are all owned and regulated by a single centralized authority – the Internet Corporation for Assigned Names and Numbers (ICANN). And even the second-level domains that you purchase are leased, not owned. You buy a domain name for one or more years. Then when that period expires, you have to pay to renew your ‘ownership.’ The day you stop paying, the domain will no longer be yours.

However, web3 domains are under your complete ownership once purchased. And not just second-level domains, but you can even buy and own TLDs on web3. Pay once, and they’re yours, forever.

Affordable and cost-effective

Since web3 is still in its infancy, many web3 domains are available for super low rates. Many domains are available for as low as $5 and $10. And as we already explained earlier, you only pay once to gain full, irrefutable domain ownership. So not only are web3 domains very cheap at the moment but also extremely cost-effective with no recurring charges. Of course, as web3 gains more popularity and global recognition, the demand for these domains will rise, and so will their rise. That is why it’s best to buy now with low prices.

Excellent investment

Building upon the previous point, as web3 domains become the internet standard in the future, every business and even individuals will be looking to purchase such domains. They will be in high demand, and their value will greatly increase in the future. So it will still be an excellent investment even if you don’t plan to do anything with a web3 domain. Buy them now for cheap, hold onto them for some years, and at some point, you can sell them for a good amount when the value of your web3 domain goes a lot higher.

Valuable digital asset

For businesses and professionals, a web3 domain is a valuable digital asset. Companies can own TLDs that reflect their brand name, and even people like freelancers and individual service providers can create their own digital identity with their domain. You can build a professional website on your web3 domain that is 100% under your ownership. Web3 domains can even be used to set up a complete digital workspace with its own decentralized business and collaboration apps ecosystem. Crypto wallets and even web3 email services can be integrated with your domain.

So unlike traditional domains, a web3 domain is useful for more than just a website. It serves as a multifunctional digital asset for any business.

Long-term income source

Web3 allows you to purchase TLDs and become a domain registrar. That means you can let other users purchase second-level domains under your TLD, and every time someone buys a domain with your TLD, you earn royalty commissions. So if you own one or more TLDs, they can be used as a long-term, passive source of income.

Highly secure

Web3 is powered by blockchain technology, and as we already know, blockchain is extremely secure. Instead of storing data on centralized servers, it is distributed over a network of nodes, making it virtually impenetrable to traditional cyberattacks and unauthorized access. With rising concerns over data breaches, identity theft, and online privacy violations, web3 domains offer a much-needed solution to safeguard personal information and digital assets. These domains give users complete control over their data, ensuring it remains encrypted, immutable, and tamper-proof.

Get Your Web3 Domain Today with Freename

When you buy a web3 domain, it’s permanently yours and can serve as an investment, business asset, digital identity, and even a source of regular income. And many web3 domains are very cheap, as they are still not widespread and in demand. That is why there’s no better time than now to buy a web3 domain.

If you’re ready to own a web3 domain in 2023, Freename is your one-stop destination. Explore countless web3 domains on Freename and get yours today to join the internet revolution.

Fill the info to receive the PDF guide

Stay up to date!

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!

Fill in the form to Apply

Want to work with us? Let us know!

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!