Centralized authorities do not govern an NFT domain; they are decentralized and, therefore, are controlled by the users themselves (1).
Since NFT domain names are decentralized, they have the potential to be utilized in a wider variety in comparison to conventional domain names. The NFT domain can be stored on the digital wallet of the users. They could even replace the lengthy alphanumeric address with the domain name, as these are unique and cannot be copied.
The NFT domain is also a digital asset as they are listed in the public ledger, unlike the traditional domain name. Their value is quite similar to the crypto coins and tokens.
Decentralized domains are very secure and prevent any interference from the third party. Therefore, many users have been interested in minting their own NFT domain name.
Quik.com (2) is one such platform that services its user with the ability to mint, buy, sell, and hold NFT domains. Right now, the internet is transitioning from web2 to web3. We can observe the rising interest of common people in projects like a metaverse. The demands for a decentralized, permissionless, trustless platform have been rising. In such a situation, the internet is bound to change, and one of the major contributors to these changes would be NFT domain names.
Platforms like Quik.com have already started adopting new technologies to assist users in gaining their NFT domains and being well-prepared for future changes (3). Quik strives to popularise and increase the acceptance of NFT domains worldwide.
Everything you need to know about NFT domains
Quik.com helps users mint their domain name; they can buy and hold NFT domain names. Quik plans to launch a chrome plugin, facilitating its users to surf through Web3. They can even host their decentralized web3 website through these extensions.
Quik function as an entry point to web3 through the NFT domain and browser plugin. Many users among those who were first to sign up for this platform would be given immediate access to web3; they would even be able to post their content on these websites (4).
What is an NFT domain?
NFT domains, or web3 domains, are public blockchain-based, decentralized domains that give users complete control and ownership over their stored data. The main benefits of owning one are transaction simplification through using human-readable NFT domain names in place of complex crypto wallet algorithms and hosting websites (decentralized) on the decentralized web3.
In short, these decentralized domains can transform what the internet is today. However, many people continue to be misled by NFT domains and believe they are the same as conventional domains or NFTs. So, what sets them apart from NFTs and conventional domains?
What are traditional domains?
The ideal interaction on the internet today is when a user keys a traditional domain, like Quik.com, into their browser. Nevertheless, these classic domains were created to become more than just a domain.
However, because centralized servers have always managed these conventional domains since the inception of the internet, they have not been able to advance much beyond displaying webpages, making it more difficult for programmers to build new applications on top of that technology.
What is an NFT?
Non-fungible tokens, also known as NFTs, are digital certificates of authenticity used to allocate and confirm ownership of unique digital or physical assets that cannot be used interchangeably and are rare on their own.
How does an NFT domain work?
NFT domains serve as a domain directory for crypto wallet addresses. They can be used to host websites or other applications on the blockchain, making them a decipherable collection of smart contracts. Simply said, NFT domains serve as the web3 component that allows crypto wallet addresses to be replaced with simple-to-remember NFT domain names.
Similar to how a web address can point users to a page and display material, NFT domains substitute URLs with cutting-edge NFT domain names that are decentralized and owned by the owner and display content maintained and controlled by the owner.
These domains utilize decentralized technology, and the NFT domains offered by Quik.com run on ERC-721, ERC-1155, and BEP-721, BEP-1155. These protocols add to the maintenance of the NFT domain trajectory and the user's decentralized privacy and control, resulting in each NFT domain being singularly authentic.
So, what makes NFT domains different?
Instead of being controlled by a single centralized server, this power is distributed among several smart contracts written on the public blockchain. The power to control your online data is transferred to the user who owns the NFT domain, making NFT domains more than just traditional domains or NFTs.
The fact that it is constructed on the blockchain adds to its uniqueness, openness, and transparency. It can allow anybody to access the stored data while retaining the owner's authority and management over the domain name.
The icing on the cake is the extra benefit of improved security, which reduces concerns about the server being hacked or domains being stolen because the legitimate owner has the authority to update the NFT domain.
Web3 domains give users back control over what information is shared and where it should be shared by giving them the power to have an internet browsing experience that is both secure and private. Blockchain technology, which underpins nft domains, offers everyone on the web a new world of opportunities.
Benefits of NFT domains
The primary benefit of NFT domains, excluding the fact that they are 100% owned by their users, is the ability to host autonomous, decentralized websites off the standard internet.
Users can use the domain to log in to decentralized applications such as DApps and convert wallet addresses for cryptocurrency trading into human-readable URLs in place of complex strings, making the exchange procedure much simpler when utilizing the NFT domain.
NFT domains are registered only once and cost a one-time fee rather than an annual one, making them the user's permanent resource without needing further payments or intervention from third parties.
Five reasons you need a Quik domain
- An NFT domain name is used as the decentralized username or identity of the user, simplifying cryptocurrency transactions and replacing complicated algorithmic crypto wallet addresses.
- The user is not obliged to pay any renewal fees because once purchased, they retain ownership of the nft domain for life and receive a 5–10% royalty on all subsequent sales.
- It is the user's web3 identity, via which they can access apps using their web3 domain name and browse the decentralized web.
- With access to several blockchains, cryptocurrencies, and Quik.com's API, integrating different communities and cryptocurrencies is now even easier.
- Create nft domain names using extensions that range from professional genres and cutting-edge web3 domain names to construct and host websites such as personal websites and NFT galleries.
Why choose NFT domain names over traditional domain names?
The NFT domain has to be purchased only once; they would have complete control over their NFT domain names and would not be asked for renewal charges. Traditional domain owners must renew their domain names because they lease them from centralized domain naming services. Therefore, users now prefer the NFT domain over other conventional domains.
The NFT domain is stored in the digital wallets of the users. Therefore, they can be easily monitored. The traditional domain name is governed by a centralized authority, which controls these domain names.
Web3 is supposed to be a decentralized, democratized, permissionless, trustless experience; the traditional domain can not fulfill these promises. The NFT domain, on the other hand, is fully capable of facilitating these concepts. When we compare the traditional and the NFT domains side by side, the users can view the benefits (5) of the NFT domain.
The NFT domain names make the whole process of transaction hassle-free because the users can replace the lengthy alphanumeric crypto-address of the digital wallet with the domain name. The NFT domain is not affected by censorship; therefore, it will always be online, and the owner can only take it down.
The NFT domain will function as the universal username of the user in web3!
The pros and cons of NFT domains
The user is not required to depend upon the registrar to purchase the rights to use the NFT domain name.
Not all browsers will have access to NFT domains.
Pay once and own the NFT domain for a lifetime.
These domains are not under the jurisdiction of ICANN.
Users can host their decentralized website using the NFT domain from the web2
Although blockchain is almost impossible to hack, there exist some security concerns.
Users can access decentralized apps, aka DApps, using the NFT domain.
Once an NFT domain or crypto wallet is stolen, it is difficult to get it back.
Freeing the user from remembering heavy crypto wallet addresses and replacing them with easy-to-understand human-readable addresses
Lack of centralized organization for the management of websites
While the fundamental goal of NFTs is to certify the ownership and validity of distinctive digital assets for NFT domains, users do not need to rely on domain registrars to purchase the rights to use a domain name. If employed effectively, the negative aspects of NFT domains can be turned into positive ones.
Due to the complex web 2.0 hierarchy, centralized servers can still restrict the domain name and its content. They also exert influence over what users do with their domain names. These centralized servers also have fees attached to them, which the user must pay.
This gives users of NFT domains a significant advantage since, unlike regular domains, where users only get a billing statement each year for continuing to use a domain name, with NFT domains, the user owns the domain name for life after it is created or registered at the first sale price.
The risk of cybersquatters swooping in to buy the domain name after it expires won't apply to NFT domains. For now, NFT domains and the decentralized web are still in their infancy, and not all browsers can access them. Still, because they fall outside ICANN's purview, blockchain domains, web3 domains, and NFT domains provide a good reason for mainstream browsers to support them.
Even though blockchain technology is unchangeable and impervious to hacking, there are still a few issues to be worried about. The most important of these are problems that occasionally or permanently harm NFT marketplaces, impacting users and purchasers. Unfortunately, it is difficult to recover an NFT once it has been lost or stolen.
The user needs additional measures to secure digital assets to increase security. In disagreements or conflicts, the absence of centralized servers in charge of managing NFT registration and usage may present a challenge.
Suppose a brand discovers that someone else has previously purchased an NFT domain that contains their brand name. In that case, no official third party will manage the dispute, unlike traditional domains where ICANN can intervene and settle conflicts.
As once minted, the legitimacy and verified ownership of an NFT domain name belong to the user who coined it, and a dispute can be resolved by exchange or trade; it follows that first come, first served in this circumstance.
Do NFT domains appear in Google's index?
NFT domains are becoming increasingly popular, and millions are already registering them, raising the question of whether Google crawls them or not. However, they are not yet indexed but could be in the future.
However, not being indexed by Google would make it difficult for users to sign into Google services like Workspace and utilize the web3 domain's email address. This will reduce organic traffic to the website. The fundamental issue with NFT domains right now is that, without special settings, most browsers cannot resolve them.
Why do we need decentralized domains?
The many complex layers ensuring that websites and online actions run smoothly are largely invisible to the average internet user since tens of millions of registered domain names have systems and procedures to keep the web 2.0 internet functioning properly. ICANN has a lot of work to do.
A division of ICANN responsible for overseeing domain registries is called the Internet Assigned Numbers Authority (IANA). Unlike domain name registrars, who handle the commercial selling of domain names, domain name registries are substantial private corporations that handle and manage names and their records.
Some people register paid domain names and pay a fee to the domain registry simultaneously as they sell the domain names to end customers. These are all somewhat cumbersome, which may provide the right context for why developers are promoting the necessity of a decentralized system.
Even though DNS is mostly decentralized, the environment in which it operates is still heavily centralized, with domain registrars at its core. Decentralization does away with ICANN's function and gives the owner full management and control over the web3 domain name.
Additionally, it gives the owner total freedom to develop their abilities, stretch their imagination, and scale the heights of nft domain names and their use cases.
Where to buy NFT domain names?
Even though NFT technology is still in its early stages, there are few sites where customers may purchase NFT domains. They are also unlikely to be covered by WordPress hosting plans and are neither available nor listed on the typical domain registrars.
Quik.com sells NFT domains with a range of extensions, and customers can purchase Quik domains for a low cost with lifelong ownership. To protect users from centralized interference and other involvement, Quik.com also includes comprehensive instructions with a white paper on configuring the browser for the NFT domain while adhering to the blockchain security rules.
Explore NFT domain names by Quik.com
Quik offers users a variety of TLDs. Although the minting at Quik is limited and follows the first-come, first-mint model, many users are eager to mint their unique usernames.
TLDs at Quik.com!
NFT domain name extensions are released and controlled by the relevant providers, such as Quik.com, as opposed to top-level domains, which ICANN releases. These domains can only be visited with a plugin and are not registered in the DNS root directory, making them inaccessible to users of all browsers.
How to register an NFT domain name?
Minting the NFT domain name on Quik is very easy (6); users must follow a few steps to own a Domain name.
- Users can buy or mint their preferable domain name at Quik.com very easily.
- They must link their digital wallet to their Quik account, log in and search for the domain name.
- If the domain name is available, they can click on it to mint it.
- Then they would have to confirm the transaction, and once approved, the domain name will be visible in the user’s profile.
Features of Quik.com’s Domain Names
We are already aware of how beneficial these domain names are, so let us now look at a few features (7) of them that distinguish them from other domain names.
- Zero renewal charges and full control and ownership over the domain name.
- The domain name is not affected by censorship. Therefore, it cannot be taken down by anyone else but the owner.
- These domains are stored in the blockchain. Therefore, they are very secure and function as payment gateways.
- They can be used to host a decentralized website using IPFS, allowing smart contracts to be easily employed on these websites.
- Users can use their digital wallet's domain name as a customized crypto address.
- They can be used as a username in the web3.
Quik strives to provide a solid foundation for users who wish to transition from web2 to web3. The minting of the NFT domain is life at Quik.com, so users can now mint NFT using TLDs like .vr and .metaverse.
Five ways to use your NFT domain
Instead of relying on social media platforms, content creators can put their work on the decentralized web and use blockchain technology. The NFT domain can assist content creators in reclaiming control and ownership over their digital identity.
As a result, unlike centralized systems like Facebook, the creator is the only one who can change or remove their content, and their social media accounts cannot be closed.
Furthermore, content producers that store their work on nft domains can control their analytics and, in the future, charge tech companies to view the user data they collect rather than simply using it as a commodity.
Host Professional Websites
Similar to content creators, businesses may want to switch to hosting their websites using web3 domains rather than traditional domains because nft domain names can help mitigate several issues that can arise for online businesses, such as the domain company reclaiming the website, being subject to the terms and conditions of the platform, or even having to pay ongoing hosting fees.
Musicians have battled with intellectual property (IP) ownership since the early days of the Internet. They have frequently received poor treatment from third parties who demand a percentage of their earnings as payment for "promoting" their music.
Musicians can recover the sovereignty of their music by using NFT domains to promote their music, mint audio NFTs, and interact directly with fans and audiences by publishing independently and without interference from third parties on these platforms.
Through digitalizing their work, artists have a significant opportunity to set themselves apart from other artists. Using the NFT domain, artists can display, auction, and sell their work in one location. In addition, artists can receive payment linked to the NFT domain, creating a seamless experience for both the artist and the buyer.
Future VR users may find it commonplace to examine art in virtual museums and galleries, making integration even simpler for those with access to the technology now.
As such, NFT domains can assist in redefining how users engage with one another in online communities and forums, as they may gain from having open and welcoming discussions in a decentralized setting without depending on a centralized provider or being concerned about being censored.
Why Choose Quik?
Quik allows the users to one the domain, unlike the conventional domain naming service that only leases the domain to the users. Quik (8) offers an advanced search service to mint and register NFT domains.
So they can own a decentralized domain very easily. Each domain name at Quik comes with unique artwork, and they are considered digital assets of the users that can be stored in their digital wallets.