What They Are & You Need to Know
NFT is the craze that’s taking over the internet and is STILL continuing to grow.
This booming NFT industry hosted on multiple platforms also gave way to boosting the worth of NFT domain names.
But how exactly do NFT domains work, and how are they different from traditional domains?
How do you set up your own NFT domain?
What Is an NFT?
NFT stands for “Non-Fungible Tokens.” It means that they are one-of-a-kind and not exchangeable or commutable.
When NFTs are added to digital files, it makes them singular and easily verifiable. It also makes them forgery-proof and secures their authenticity.
NFTs turn your digital files into digital assets and make them unique by adding a digital signature written in code.
It also establishes who owns the digital assets and makes them available to be sold or traded by anyone online.
What Do NFT Domains Do?
NFT domains give you FULL OWNERSHIP over your name or username.
Each one of these NFTs lives as a token inside your wallet. You own the NFT, and you can transfer or sell it as you wish.
Unlike traditional domains that need to be registered and renewed yearly, NFT domains are purchased ONLY ONCE in the crypto space and are on the blockchain forever.
What Is a Blockchain Domain?
Blockchain domains are an UPGRADE from your regular domains.
They are a suite of smart contracts. These smart contracts are software stored in the public blockchain where anyone on the internet can take a look at the records.
How Are They Different From Regular Domain Names?
Blockchain domains are held in the user’s wallet.
Unlike a traditional website that lives on a server, there is no central server for blockchain domains; but instead, they are listed on a public registry.
What’s so great about having it in the public registry?
It gives the user the permissions to make updates to their registered domain name.
You also no longer have to worry about the servers getting hacked or your domain name getting stolen!
You hold the power now.
The system is more open, so you can build more applications and design your own software programs on top of what’s already offered.
In short, traditional domains are controlled by servers and whoever owns those servers.
It can sometimes be restricting for a developer to not be able to customize or add on to a limited set of features given by the servers.
Blockchain domains, on the other hand, are designed for freedom.
Anyone could build up their own software to work on top of the basics. It gives you more control over your domain name and your online identity.
What Are the Uses of NFT Domains on the Blockchain?
You have the option to build a website based on the blockchain.
You can create basic websites that CANNOT be taken down because they are living in the blockchain, unlike a traditional website that lives on a server.
Also, if you already have a traditional website on the web, you can direct your audience straight to your website from your NFT domain.
Basically, it lets you have one address that forwards to all your addresses.
Someone can type in your crypto wallet address and send you coins to any of the other wallets that you have.
No more hassle remembering all the address names!
How Do I Create NFT Domains?
Go to the website where you’d like to purchase your NFT domain, like Unstoppable.
Search for your desired NFT domain name to see if it’s available. If not, play around with the words until you get the name that you want.
Check out your NFT domain name like you would a regular domain.
Set it up.
In Unstoppable, if you go to the main menu, you will see a feature guide that will walk you through setting up your NFT domain in a way that works for you.
The feature guide will walk you through everything you need to know to set up and is very user-friendly. Even non-techie people will find setting up a breeze!
Get your NFT domain today!
With the ever-flourishing and fast-growing NFT industry, securing your NFT-related name and online presence will be crucial to your victories in the world of cryptocurrency.
Questions? Let us know in the comments and our team will help you out!