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Web3 Domain FAQ

Learn about how web3 is different than web2

Web3 Domains

Web3 domains are registered on a blockchain network, such as Ethereum. They are similar to traditional domain names, such as .com or .org, but they have fundamental differences.

  • Web3 domains are decentralized. This means that any single entity, such as a domain registrar, does not control them. Instead, they are stored on the blockchain, which makes them more secure and resistant to censorship.
  • Web3 domains are more user-friendly. Traditional crypto addresses are long and complex strings of characters. Web3 domains, on the other hand, can be easy to remember and pronounce. This makes them more convenient for users who want to send and receive cryptocurrency payments, access decentralized applications (dApps), and interact with smart contracts.
  • Web3 domains are more versatile. Web3 domains can be used for a variety of purposes, including:
    • Storing cryptocurrency addresses. Instead of remembering a long string of characters, you can use your web3 domain to send and receive cryptocurrency payments.
    • Accessing dApps. Web3 domains can be used to access dApps, decentralized applications running on the blockchain.
    • Interacting with smart contracts. Web3 domains can be used to interact with smart contracts, which are self-executing contracts that are stored on the blockchain.

Overall, web3 domains offer several advantages over traditional domain names. They are decentralized, user-friendly, and versatile. As the adoption of Web3 continues to grow, web3 domains are becoming increasingly popular.

Here are some of the benefits of owning a web3 domain:

  • Simplified crypto transactions. Web3 domains can be used to replace wallet addresses, making it easier to send and receive cryptocurrency payments.
  • Easier creation and hosting of websites. Web3 domains can be used to create and host websites on the decentralized web.
  • More control over your online identity. Web3 domains are owned by the individual or organization that registers them, giving you more control over your online identity.
  • More secure and resilient. Web3 domains are stored on the blockchain, which makes them more secure and resistant to censorship.

If you want a more secure, user-friendly, and versatile way to manage your online identity, then a web3 domain is a good option.

As far as the fees for the domain,  for web3 domains, there is just a one-time fee to buy the domain(s).  There are no yearly fees.

Pricing starts at $79 (one-time fee) and can be as high as $100k or more.  It all depends on the specific Top-Level Domain that you are interested in.

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It is very easy.  You simply search and find the domain that you want.

Then

  1. You purchase it
  2. You mint it (publish to blockchain)
  3. You use it