Introduction
Web3 refers to the decentralized version of the internet, in which users have more control over their data and activities, and where decentralized applications (dApps) can operate without the need for a central authority.
They are often used to represent ownership of digital content such as art, music, and collectibles. In the case of W3DNA, NFTs are used to represent ownership of a domain name or account.
W3DNA is currently available on three blockchain platforms: Binance Smart Chain (BSC), Polygon, Ethereum and will introduce support for other EVM compatible chains soonest.
These platforms provide the infrastructure for W3DNA to operate, including the ability to create and transfer NFTs and to execute smart contracts.
What Is *W3DNA Domains?
Web3 DNA (W3DNA) is a decentralized, non-fungible token (NFT) platform that allows users to purchase and manage domain names and accounts on the Ethereum, Binance Smart Chain (BSC), and Polygon blockchain networks.
On the W3DNA platform, users can buy and sell domain names and accounts using NFTs, which are unique, digital assets that are stored on a blockchain. These NFTs can be bought and sold like any other asset, and they can also be used to represent ownership of a particular domain or account.
In addition to buying and selling domain names and accounts, users can also use the W3DNA platform to manage their domains and accounts, including setting DNS records and connecting their domains to a website or other online service.
Overall, W3DNA aims to provide a simple and user-friendly way for individuals and businesses to manage their online presence on the decentralized web
Why WEB3 Domains Safer Than WEB 2.0?
Web3 domains, also known as decentralized domains, offer several benefits over traditional (Web2) domains. Here are a few examples:
Decentralized ownership: Web3 domains are decentralized, meaning that they are not controlled by a single entity such as a domain registrar. Instead, they are managed by a decentralized organization or community, which can make them less susceptible to censorship or interference.
Increased security: Web3 domains use blockchain technology, which provides a secure and transparent way to register and manage domain names. This can make them less vulnerable to fraud or spoofing compared to traditional domains, which rely on centralized databases and can be more susceptible to hacking or other types of attacks.
Enhanced privacy: Web3 domains can offer enhanced privacy compared to traditional domains. For example, to buy W3DNA domain, you don’t need to insert any of your personal information. You only register on our website using your email or wallet address – and that’s all info user provides.
Greater control: Web3 domains give users more control over their online identity and assets. For example, users can choose to use a decentralized identity system such as Ethereum’s ERC-725 to manage their domain name and other online assets, rather than relying on a centralized identity provider.
Why an NFT Domain with No Extension is Must-Have?
An NFT domain with no extension is a unique and valuable asset because it allows you to create a memorable and easily recognizable web address for your online presence. An NFT domain is a non-fungible token that represents ownership of a unique digital asset, such as a Web3 domain.
Having an NFT domain with no extension can be particularly beneficial if you are in a creative or artistic field, as it allows you to stand out and differentiate yourself from others in your industry. It also allows you to have more control over your online branding, as you can choose a domain that reflects your personal style or creative vision.
In addition to being visually appealing and memorable, an NFT domain with no extension can also be more practical for users. Without the need to remember a specific extension (such as .com or .net), it can be easier for users to access and remember your website. This can be especially useful if you are using your website for business purposes, as it can help you to attract and retain customers.
Best Features Of *W3DNA Domains
Some of the key features of W3DNA include:
Domain auctions: Users can participate in auctions to bid on and potentially purchase a domain.
Domain appraisals: W3DNA offers domain appraisal services to help users determine the value of their domain.
Some key advantages of using W3DNA include:
Wide selection: W3DNA has a large selection of available domains, making it easier for users to find the perfect domain for their needs.
Easy to use: The platform is user-friendly and straightforward, making it easy for users to navigate and buy or sell a domain.
Secure transactions: W3DNA uses secure payment methods to ensure that transactions are safe and secure.
To buy a domain on W3DNA, users can follow these steps:
Search for the domain you want to purchase using the search function on the W3DNA platform.
If the domain is available for purchase, you will be able to see the price and any additional information about the domain.
Add the domain to your cart and proceed to checkout.
Follow the prompts to complete the purchase, including entering your payment information.
To sell a domain on W3DNA, users can follow these steps:
Sign up for a W3DNA account and verify your account.
List your domain for sale by filling out the necessary information, including the price you want to sell it for.
Wait for a potential buyer to express interest in your domain.
If a buyer is interested, W3DNA will facilitate the transaction and handle the payment process.
It’s important to note that W3DNA may charge fees for using their platform, so be sure to read and understand their terms of service before making a purchase or selling a domain.
The Absence of domain zones increases the investment value:
The absence of domain zones and the restrictions on special characters and non-Latin alphabets can increase the investment value of W3DNA NFT domain names. By not using traditional domain zones, W3DNA NFT domain names are unique and cannot be easily replicated or confused with other domain names. This can make them more valuable and desirable to users, especially if the name is memorable and easy to read and understand.
Additionally, the restrictions on special characters and non-Latin alphabets can also contribute to the investment value of W3DNA NFT domain names, as they help to ensure that the names are easy to read and understand, and reduce the potential for confusion or misunderstandings. This can make the domain names more appealing to users, and can help to increase their value over time.
How you can make money on the project. Earning schemes.
There are several ways in which users can potentially make money with W3DNA. One way is by purchasing NFT domain names that are expected to increase in value over time. Users can also make money by selling their own NFT domain names to other users who are interested in using them. Users can potentially make money by using their NFT domain names to host websites or other online content, and generating revenue from ads or other sources.
In terms of earning schemes, W3DNA does not have any specific earning schemes built into the platform. However, users can potentially earn money by buying and selling NFT domain names, or by using their domain names to host online content and generate revenue.
Web3 NFT domains are an excellent investment tool, primarily due to their uniqueness, because everyone would like to have a domain with a significant word or favorite number for them. Despite this, every competent investor takes into account many factors when buying assets to sell them at times more expensive in the future.
Examples of ENS and Unstoppable services, where people earned money by reselling domains:
● pjfi.eth domain was bought for 0.12 ETH, sold for 350 ETH.
● 000.eth domain was bought for 0.28 ETH, sold for 300 ETH.
● abc.eth domain was bought for 4 ETH, sold for 90 ETH.
● paradigm.eth domain was bought for 0.012 ETH, sold for 420 ETH.
● bitcoinbeliever.crypto domain was bought for 0.0095 ETH, sold for 0.05 ETH
● datebook.crypto domain was bought for 0.020 ETH, sold for 0.070 ETH
Web3 domains, particularly those that are non-fungible tokens (NFTs), may be considered a unique and potentially valuable investment due to their uniqueness and potential for appreciation. Some web3 domains have been sold for significantly higher prices than their original purchase price. However, it is important to keep in mind that past performance is not necessarily indicative of future results, and there is no guarantee that a web3 domain will appreciate in value.
There are a few factors that may affect the value of a web3 domain, including:
Demand: The demand for a particular web3 domain may influence its value. For example, a domain with a short, catchy, or memorable name may be more in demand and potentially more valuable than a domain with a longer or less memorable name.
Use case: The intended use of a web3 domain may also affect its value. For example, a domain that is intended for use as a marketplace or for a specific type of content may be more in demand and potentially more valuable than a domain with a more general purpose.
| ADVANTAGES | DISADVANTAGES |
| Decentralization: Web3 domains are decentralized, meaning they are not controlled by a single entity. This can make them more resistant to censorship and more secure, as there is no central point of failure | Limited adoption: Web3 domains are still relatively new and may not be as widely supported as traditional domains. This means that some users may have difficulty accessing web3 domains or may not recognize them as easily as traditional domains |
| Increased privacy: Web3 domains do not require users to provide personal information when registering a domain, which can increase privacy compared to traditional domains. | Complexity: The technology behind web3 domains can be complex, which may make them less accessible to some users. |
| Potential for increased security: Web3 domains use blockchain technology, which can offer increased security compared to traditional domains. | It is difficult to say whether web3 domains are the future of the internet, as it is ultimately up to users and the broader internet community to decide which technologies will be adopted and used. That being said, web3 domains do offer some potential advantages and could potentially become more popular as the technology becomes more widely adopted and understood. |
How To Buy And Sell NFT Domains
To Buy an NFT domain, you will need to follow these steps:
- Find a platform that offers NFT domains for sale. There are a number of platforms that offer NFT domains, including W3DNA and others.
- Search for the NFT domain you want to purchase. Most platforms will have a search function that allows you to search for available domains.
- Add the NFT domain to your cart and proceed to checkout.
- Follow the prompts to complete the purchase, including entering your payment information.
- It’s important to note that some platforms may require you to have a wallet that is compatible with the platform’s blockchain in order to purchase an NFT domain.
- Some platforms may charge fees for buying or selling NFT domains, so be sure to read and understand their terms of service before making a purchase.
To sell an NFT domain, you will need to follow these steps:
- Find a platform that allows you to sell (like OpenSea or Rarible)
- List your NFT domain for sale by filling out the necessary information, including the price you want to sell it for.
- Wait for a potential buyer to express interest in your domain.
- If a buyer is interested, the platform will facilitate the transaction and handle the payment process.
Again, it’s important to be aware of any fees or terms of service that may apply when selling an NFT domain on a particular platform. It may also be helpful to do your own research and consider the factors that may affect the value of an NFT domain, such as demand, use case, and market conditions, in order to determine the most appropriate price for your domain.
Conclusion
It is possible that buying a web3 domain now could potentially be a profitable investment if the value of the domain increases over time. However, it is important to note that investing in any asset carries risks, and there is no guarantee that a web3 domain will appreciate in value. It is important to carefully consider the potential risks and rewards of any investment before making a decision.
Source: https://coinpedia.org/information/w3dna-review-the-new-unicorn-project/