What are NFT Domains and how to use it?

Hi Friends!

I just stumbled over unstoppabledomains.com and I read that these blockchain domain names can be used to simplify crypto transactions. Furthermore there are “No Renewal Fees Ever” for registering a blockchain domain, which means we just need to pay once and own it forever? really?

The internet is evolving constantly and there is a lot of scam and misunderstandings specially in the crypto space, but also a lot of new features and advantages we get from this new technology.

It would be great if we can start a discussion in this threat to share information about this new blockchain domains. What do you think about that?

Here you can read an introduction about blockchain domains.

These are the benefits that blockchain domains offer:

  • Simplify crypto transactions by replacing all your complicated wallet addresses with your domain name as your username.
  • Use your domain to receive 275+ coins and tokens across multiple blockchain networks.
  • Login to apps with your domain name as your universal web3 username.
  • Unlike traditional domains, fully own and control your domain. You buy it once, you own it for life!
  • Easily create and host websites, ranging from personal websites to NFT galleries.

My questions are:

  • Can we use blockchain domains also for “normal” websites?
  • Does it makes sense to use a blockchain domain for an online shop?
  • What are the disadvantages of blockchain domains?
  • Is this just another hype or a real opportunity?
  • Do we really only need to pay once for the registration?

Please share your thought and your experience here.

Thanks for answers! :slight_smile:

It’s just essentially a hosting service under another name. Goes a bit further by providing a domain (.crypto). That isn’t a top level domain, so the company needs to run their own DNS: what it is offering is privatised, completely centralised. These domains come packaged with some features related to crypto, and it manages them all. How it manages to do that but also offer this:

Unlike traditional domains, fully own and control your domain. You buy it once, you own it for life!

Is kinda explained in the terms of service: they can change the terms at any time, retroactively change costs.

It’s completely antithetical to what web3/blockchain/crypto et al sells itself as (centralised rather than decentralised), but that’s the case with most stuff in the sector.

Sounds like another great marketing strategy…

It doesn’t mean it’s not a useful service. It seems to simplify a lot of things. It’s just that

  1. it’s based entirely on this particular company remaining in existence, and
  2. many of the features are based on trusting that the company isn’t doing anything untoward – most of the features seem to require that the operations you can do pass through them first to make them work seamlessly.
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