In the traditional domain name system (DNS), a domain name consists of a top-level domain (TLD) extension like .com, .org, .net, and a domain name like google, facebook, or amazon.
But in the decentralized web, there are new types of TLD extensions called Web3 TLDs or blockchain domains.
In this article, we’ll explore what web3 TLDs are and how you can own them and benefit from them.
What are Top Level Domains?
Top level domains (TLDs) are the highest level in the DNS hierarchy, right after the root domain. They are the extensions that appear at the end of a domain name. Some examples of TLDs are .com, .org, .net, .edu, and .gov. TLDs are managed by the Internet Corporation for Assigned Names and Numbers (ICANN) and are sold by domain registrars like GoDaddy, Namecheap, and others.
Web3 TLDs or Blockchain Domains
Web3 TLDs or blockchain domains are a new type of top-level domain that operates on a decentralized network using blockchain technology. They enable users to own unique domain names and create decentralized websites that can’t be censored or taken down by centralized authorities. Web3 TLDs can also be used as payment addresses to transact crypto, receive payments, and earn passive income.
One of the most popular platforms for web3 TLDs is freename.io, a naming service that enables users to register domain names with various extensions like .crypto, .zil, .eth, .nft, and more. With Freename.io, users can register and own their web3 domain names forever, without the need for renewal fees. The freename.io platform also allows users to transfer domains, earn royalties, and create decentralized websites.
How to Own a Web3 TLD
To own a web3 TLD, you need to register a domain name with a web3 domain name registrar like freename.io. The registration process is similar to that of traditional domain names, where you search for available domain names, select the desired extension, and make the payment. Some web3 TLD extensions like .crypto and .zil can be purchased using cryptocurrencies like Bitcoin, Ethereum, or Binance Smart Chain.
Once you own a web3 TLD, you can create decentralized websites using smart contracts and access them using human-readable addresses. You can also use your web3 TLD as a payment address to transact crypto or receive payments. In addition, some web3 TLD platforms like freename offer a coupon code for first-time users, making it easier to get started.
Benefits of Web3 TLDs
Web3 TLDs offer several benefits over traditional domain names. Firstly, they are decentralized, which means that any central authority or organization does not control them. This makes them more secure and resistant to censorship. Secondly, web3 TLDs are human-readable, making them easier to remember and share with others. Thirdly, web3 TLDs enable users to create decentralized websites that can’t be taken down or censored by centralized authorities. Fourthly, web3 TLDs can be used as payment addresses, allowing users to transact crypto and earn passive income. Finally, web3 TLDs allow users to own unique domain names that may have a higher value in the future.
Conclusion
Web3 TLDs or blockchain domains are a new type of top-level domain that operates on a decentralized network using blockchain technology. They enable users to own unique domain names, create decentralized websites, and transact crypto. Web3 TLDs offer several benefits.
Fun Facts about web3 TLDs and domains
Unlike traditional TLDs, Web3 TLDs are not restricted to a specific language or script. This means you can use any characters you like, including emojis!
Web3 TLDs are decentralized, which means that no one person or company has control over them. This makes them more democratic and resistant to censorship.
Web3 TLDs are stored on the blockchain, which means they are immutable and tamper-proof. This makes them more secure and trustworthy than traditional TLDs.
Web3 TLDs can be used for more than just websites. You can use them for email addresses, social media accounts, and even to authenticate yourself online.
Web3 TLDs are still in their early stages, which means there are lots of opportunities to get creative and develop new ways to use them. Who knows what innovative applications we’ll see in the future?
Where can you buy a Web3 top-level domain (TLD)?
If you’re looking for an exciting and potentially profitable investment opportunity, buying and renting out Web3 top-level domains (TLDs) is a great place to start.
I used FreeName.io to purchase several Web3 TLDs, including
.webshop
.nftshop
.web3shop
.acquisition
.mastermind
.masterclass
and many more, which I now rent out to other users for a one-time fee.
The process of buying a Web3 TLD on FreeName.io was straightforward and user-friendly. I simply searched for the TLD I wanted, selected it from the list of available options, and completed the purchase using cryptocurrency. Once I owned the TLD, I set up a decentralized website and began advertising it to potential renters.
Since then, I’ve earned a steady stream of passive income from my rented Web3 TLDs. By charging a one-time fee for their use, I’ve been able to cover the initial cost of purchasing the TLD and make a profit over time.
In addition, as the value of Web3 TLDs continues to rise, I also have the potential to sell my domains for a significant profit.
If you’re interested in buying and renting out Web3 TLDs, the process is similar to traditional real estate investing.
Start by identifying a valuable TLD that you think others will want to rent, such as a TLD that corresponds to a popular brand or industry.
Investing in Web3 TLDs and renting them out can take advantage of the many benefits of Web3 technology while also earning a passive income.
With platforms like FreeName.io making it easy to purchase and manage Web3 TLDs, anyone can start Web3 investing today.
