What are NFT Domains?

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NFT domains are new web extensions that are deployed using ERC 721 and Polygon Network, except .zil which uses Zilliqa. If you are just getting started working with Ethereum, the NFT domain is a great place to start. It’s a relatively simple concept that leverages the knowledge you already have and teaches you new tricks as you explore the world of blockchains.

How are NFT domains different from normal domains?

NFT domains are a new type of domain name, which are similar to normal domains, but they have a special feature that allows you to make holders of the domain name ineligible to transfer it. This feature enables you to keep the domain name when it is no longer required by the holder or to later sell the domain name in a secondary market. This feature also enables you to control who has access to the name. Normal domains are a record of websites, while NFT domains are a record of cryptographic keys.

Why would you want NFT Domains?

NFT Domains are the most secure and private way to purchase and sell digital assets. They are completely trustless, transparent, and anonymous. NFT Domains are used to transfer digital assets from one user to another. NFT Domains are set up in a way that makes it impossible for anyone to know your private key, which is what allows for digital asset transfers between parties.

➤ Check Also: How To Choose a Domain for Your Blog?

How to register a NFT domain?

Below we have created the steps that are designed to help you register your first NFT domain:

  • Step 1:Go to the “TosHost Domain” page and sign up or sign in if you already have an account.
  • Step 2:In the “search bar” type in the domain name (example.crypto) that you are interested to register.
  • Step 3:Choose among the suggested domains in case this one is occupied. And then “add to cart”.
  • Step 4:Go to your “cart” in the top right corner of the website in order to complete the purchase.
  • Step 5:Complete the purchase by choosing the “payment method” you would like to buy the “NFT domain” with. You can use multiple types of payment methods, including cryptocurrencies.

How can you use NFT Domain?

Among the main benefits of owning an NFT domain are the following:

  1. Nobody can take this domain from you.
  2. You can use it to create decentralized websites.
  3. You can transfer it to absolutely anyone without asking for any type of permission.
  4. You have complete control in terms of what happens in this domain and how you will manage it.
  5. You can use it as your own address for your cryptocurrency wallet address, to make it simple for people to work with, because the long wallet address can become a simple NFT domain, like “example.wallet”, for example.

Conclusion

In summary, all NFT Domains are a new type of digital asset with a new type of demand, and they're a first-class member of the crypto scene. But they're not the whole story, since they're just one type of NFT. In fact, they're only the most tangible example of what's possible with the deployment of smart contracts on public blockchains — the NFTs that use the native tokens of private blockchains like Zilliqa and Golem are much more exciting.

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