Do you buy Crypto domains?

Started by Articru, Oct 19, 2022, 01:05 AM

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ArticruTopic starter

I saw an article in Ad Age about brands buying domains in cryptocurrency.
Some of the major brands that have purchased domain names with the extension .Eth, are mentioned in the article corresponding to their brand name or trademark.
There are more crypto extensions, such as .crypto, .nft, .bitcoin and others.
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refkaz

How can blockchain domains be used?
The main applications of blockchain domains are cryptocurrency payments, decentralized blockchain sites and private encrypted messages. Let's tell you more about each of the points.

Cryptocurrency payments — blockchain domains allow you to transfer cryptocurrencies using the domain as the destination address.
To send a cryptocurrency, the user only needs to know the recipient's blockchain domain. This is convenient — such an address is easy to remember, enter and it is much more difficult to make a mistake in it, compared to the usual wallet address. To use such transfers, it is enough to attach the address of your wallet to your blockchain domain.
An example of the transfer of a VTS by a blockchain domain.
Now blockchain domains work for more than 50 cryptocurrencies and almost two dozen wallets, including such popular ones as Trust Wallet, MyEtherWallet, Opera Wallet.
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Elev8

Unlike regular domain names that require periodic renewal fees, payments for NFT domains occur only once. So, there are no extensions in domain name services. On the other hand, Web 2.0 domains require annual renewal because they are centralized.

Therefore, you are not buying a web-2 domain, you are renting it. If you don't renew it, you will lose ownership of the domain name. But, NFT domains are decentralized, which means you have full control over them; no central authority is involved. To get your first decentralized NFT domain, go to dns.domains.
Then pre-register the desired domain name in the upper right corner of the web page.
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