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Web3 domains are the blockchain equivalent of DNS addresses. With its qualities and use cases, Web3 domains take the traditional domain industry to the next level. NFT domain services like W3DNA are innovating the industry by introducing Web3 domains without extensions.
W3DNA redefines Web3 domains
The Internet has been central to human and technological progress since its invention. It has shaped our world as we know it, recording visible improvements in every field since its inception in the early 90s.
Like all industries, the Internet industry is poised for the next paradigm shift into the next era. Having succeeded the first age known as Web 1.0 since the early 2000s, the industry is currently in its second iteration known as Web2. Therefore, the current iteration of the Internet needs to be transformed into a more modern and decentralized version.
Web 2.0 relies on dynamic and user-generated content consisting of interactive resources represented on the network by Internet Protocol (IP) addresses or simply domains. Ideally, in Web 2, the website owner has administrative autonomy, authority, or control over the IP address.
However, this is far from happening, as domain owners have limited authority or control over their domains due to the long-standing problem of Web 2 – centralization.
In fact, only a few central organizations control the Internet system, leaving users and domain owners vulnerable to personalized advertising, data censorship, privacy violations, and many other disruptions.
This has fueled the need for the next web architecture, whose main quality is decentralization and ease of use, hence Web3.
Web3 is a relatively new idea to the world. Still, many innovative platforms like Ethereum, Solana, and so on W3DNA Web3 Domain Services and others are already shaping the future of the Internet by building cutting-edge infrastructure powered by blockchain technology to drive adoption.
Web3 domains are fully decentralized non-fungible token (NFT) domains that give owners power and control over their domain names, while laying the foundation for a secure, private and censorship-free web.
Web3 domain addresses also have new and exciting features that are capable of transforming the Internet space. We explore what a typical Web3 domain service is and how exactly W3DNA is positioned as a major contributor to the industry.
Web3 domains are deleted
For the uninitiated, Web3 Domain Names is a blockchain-based DNS address that allows users to create and manage domains. They are actually user wallets that can be used as blockchain domain names. Anyone can access the decentralized technology by registering a Web3 domain name.
Web3 offers highly secure and private content uploading and browsing. Users can host decentralized websites on a decentralized computer network using a Web3 domain name, which is more secure from hackers.
Web3 domains are gaining global adoption at a blistering pace. Many even see it as the future of the Internet. There are many Web3 domain naming solutions available today. Each of them provides users with a 2018-level Web3 experience. W3DNA creates an innovative domain service with the unique qualities of providing truly decentralized NFT domains with no third-party registered top-level domains (extensions) in any language, symbol or emoji. Blockchains simultaneously. In short, the W3DNA multi-chain naming protocol converts machine-readable addresses into human-readable names that are fully owned and controlled by the owners. The W3DNA domain is itself a top-level domain.
Even more W3DNA Domain names can be used to generate website hosting and direct crypto payments on the blockchain and more.
How W3DNA Domains Work
Most domain names have extensions, for example, Jane.eth, Mike.sol and so on, but W3DNA regenerates NFT domain names by removing the extensions. Now users can keep domain names as their names or words of their choice. For example, instead of Jane.eth or Mike.sol, a domain with W3DNA would simply look like Jane or Mike. Users’ W3DNA domain names can be registered in any language and code without extension or length limitations because W3DNA domains operate independently of hosting and regulatory bodies such as the Internet Corporation for Assigned Names and Numbers (ICANN).
Additionally, since W3DNA domains are multi-chain, you can store all your addresses and use one Web3 account to pay in any cryptocurrency and chain.
With W3DNA, all users need to install W3DNA Browser and start adding the extension to their browsers.
Benefits of using a W3DNA domain
With W3DNA, users can create domain names without extensions. So, users are free to create their names. The W3DNA approach promotes simplicity, transparency and mass adoption, all of which offer opportunities to save time, effort and money.
Additionally, users can register their domain names in any language or code. W3DNA has no limit on how long a domain name can be. You can register your NFT domain with as many characters as possible.
Unlike most domain names that are built on a single chain, the W3DNA domain service is multi-chained. Domains are interoperable PolygonBSC and ETH blockchains and receive cryptocurrency on any blockchain.
Because W3DNA domains are stored on the blockchain, they are highly decentralized and secure. Domains cannot be tampered with or removed by anyone and are perfect for hosting censorship-resistant information.
As the Internet moves toward a more decentralized model, W3DNA domain names will increase demand for adoption, making early-printed NFT domains more valuable on the open market. They are decentralized and give owners complete control not only over the domain but also over the uploaded information with access to it.
How to earn with W3DNA domains
Web3 domain names are the new trend in the crypto industry these days. Historically, when Web 2 domain names came out, many people bought these names cheaply and sold them at a higher profit in the future. Now users are familiar with the same path, buying individual domain names for less than $15 and then reselling them for higher prices.
After the rise of Web3 domains, communities have seen the sale of ENS or unblockable domain names, in which domain owners have made astonishing profits. For example, in September, the pjfi.eth domain was bought for 0.12 ETH and sold for 350 ETH. By far, the most expensive ENS domain is “paradigm.eth,” which sold for $2 million last year. It is not a franchise, but a traditional rental model. Imagine the investment value for domains purchased once and forever.
According to ENS domains information, registrations rose 57% in September from 301,000 in the previous month. Since May, the number of registered ENS domain names has more than doubled to 2.6 million. This means that as demand and mass adoption increase, the price of domains is increasing, and early W3DNA customers can take advantage of that.
Conclusion
Despite bear markets and unfortunate events paralyzing the crypto space in recent weeks, Web3’s long-term potential is very solid. With its multi-chain support, flexible domain names, affordability, and complete decentralization, W3DNA Currently dominated by Ethereum, Solana and a few other heavy hitters, Web3 looks poised to redefine the world of domain names.
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