Until recently, domain names were just a string of characters that we used to type into our browsers to access websites. Domains were designed to allow users to write emails and make payments instead of just displaying a webpage,
In light of this, why aren’t domains using these features? The answer is simple; traditional domain names are centralized in nature. And, as we know, centralization has always hampered creativity.
Non-fungible coins and decentralized technology have shown us to overcome even the most difficult challenges. Decentralized domains allow us to keep full ownership of our assets while validating them on the blockchain and storing them in a virtual wallet, similar to how we store cryptocurrencies.
An additional benefit of these domains is the ability to support decentralized websites, full ownership of administrative functions of NFT domains, and the capability to innovate beyond what is put into a browser for developers. NFT domains have been acknowledged as the driving force behind the modern internet.
Available NFT domain names on Quik.com
According to Quik.com, the potential of NFT domains is huge. Users can book and mint their favourite NFT domains in TLDs such as .metaverse, .vr, .chain, .address, .i, .bored, .doge, .shib, .btc, and .web3.
Web 2.0, a centralized system, is being replaced with a more open and permanent Internet future that can be achieved through Quik’s ecosystem. With the help of this, users will regain the autonomy they lost when the Web went from Version 1.0 to Version 2.0 and move toward the decentralized future that experts have foreseen.
Those who purchase NFT domains own them for life
With an innovative search system, buyers may quickly and easily mint blockchain domains. NFT domains are distinct from normal domains because they are created using blockchain infrastructure.
Rather than renting our NFT domain, we may now own it thanks to the power of blockchain technology. This means that we will only have to pay for the domain’s registration once, and there will be no recurring costs beyond that point. Furthermore, the genuine owner is entitled to a 5% to 10% royalty on all subsequent domain sales as long as the domain remains in their possession.
All of the top-level domains (TLDs) that are available are mintable just once, which means that each minted NFT domain is unique in its own kind. This makes it effortless for people to find what they are looking for on the internet. Users will be confined to a first-come, first-served basis because of the limited minting capacity when it comes to TLDs.
In Quik.com’s ecosystem, domain owners will be able to use their NFT domain as a payment address for their wallets, a URL for their website, or a global username across all Web 3.0 applications and websites with the help of Quik’s browser extension which the company plans to launch in future. As the ecosystem matures, these use cases are expected to grow in scope and complexity.
It’s all here at Quik.com, from NFT domain names to crypto wallet addresses.