The NFT industry and Web3 space are now adopting the most advanced technologies and this fact has made digital world enthusiasts dive into the realm. One significant technology blooming in the NFT and Web3 space is the NFT domain.
In the web2 space, data related to domains are stored in a centralized structure. But, the Web3 space allows storing NFT domains in a decentralized and more secure way. Any NFT enthusiast can get a domain that can be stored in a wallet and works on blockchain technology like cryptocurrencies and NFTs.
This is where W3DNA comes into the picture. W3DNA is an accurate blockchain domain platform where users can register NFT domains and get a name and account in Web3. In this article, we explore W3DNA in depth.
What is W3DNA?
W3DNA is a Web3 platform for users to find and own their NFT domains. This feature helps users host a decentralized website using a domain, in any language.
The DNA in W3DNA is the acronym for Domain Name Account. The W3DNA domains are registered in any language including hieroglyphs and symbols with no extension and length limits. W3DNA allows users to access free NFT domain minting on three chains such as BSC, Ethereum, and Polygon. There will be more EVM chains available on W3DNA soon. However, there is gas fee for minting NFT domain.
Users can build permanent websites on this platform, accept crypto payments from customers, establish profile pages for decentralized social networks, and interact with others using decentralized instant messaging services.
Once users buy an NFT domain, they have full control over it. This means that users can own the NFT domain they purchased, forever, without any renewal fees.
The importance of buying a domain is quite unknown to many people. Buying domains is fruitful in most cases because, a person buys a domain from another person for less price, with the hope that the domain will go famous in the future. Once the domain website clicks worldwide, the first domain seller usually buys it back from the first buyer for a high price. Therefore, creating and selling a domain is a profitable business.
For instance, Escrow.com, the world’s largest escrow provider, and Domainer.com purchased the domain name— NFTs.com for $15,000,000 from an undisclosed buyer.
In another example, Australian entrepreneurs Fotios Tsiouklas and Alan Gokoglu predicted great success for TikTok and they bought the domain tiktoks.com for $2,000. When the domain earned its name, Bytedance, the parent company of TikTok offered $145,000 to the entrepreneur to get it back, but it was a failed attempt.
W3DNA- Domain Name Account
Domain
W3DNA provides a domain to host a decentralized website in any language with no extension. The NFT creators can upload their website directly to the blockchain to secure it from distributed denial-of-service (DDOS) attacks and censorship. There are no renewal and hosting fees for creating NFT domains.
Name
Users can create a username and identity for Web3 applications such as GameFi, DEX, DAO, decentralized messengers, and social networks.
Account
Creating a Web3 account helps users receive cryptocurrencies in any chain. Instead of using long and confusing addresses, it is always good to use DNA.
Features of W3DNA
No Extension
Domain extensions are like road signs that help navigate to the right address. Additionally, domain extensions were used to classify websites by type and to control the traffic. ICANN (Internet Corporation for Assigned Names and Numbers) has been controlling the domain namespace since 1998.
With W3DNA’s new technology, all the work in Web 2.0 done by many employees of centralized systems such as the registry and hosting, is transferred now to the smart contracts. Thus, W3DNA domains function independently of hosting, ICANN, and registries.
No Renewal Fee
The domain name in W3DNA does not possess any renewal fee.
Any Language, Any Length, and Any Symbol
W3DNA offers the user the versatility of hosting a decentralized website without being tied to the limitation of languages. The user can host a website in any language with no extension. It gives the user freedom of addressing their target audience in their native language.
W3DNA has no minimum or maximum character count or length. The user can use any letters from a minimum of one character to infinity.
Affordable Domain Price
The cost of a domain depends on its length. A domain length of 30 characters has a regular price of $30, but it has an offer for $5. The regular price of a domain length with 20 characters is $60 and its offer price is $10, as of this writing.
Short Crypto Wallet Address
W3DNA removes the hassle of typing lengthy wallet addresses and simplifies it to just a few characters as the user wishes.
How Does Surfing the Decentralized Web3 with W3DNA Look like?
● W3DNA extension supports multiple browsers
● W3DNA gives the user access to their *W3DNA BSC, Ethereum, and Polygon site built on every browser
● W3DNA is compatible with Web2 and Web3
How are W3DNA Domain Names Beneficial?
As discussed earlier, W3DNA domain names are advantageous because it is registered in any language and symbols with no extension and length limits. The price of domains is surging and the initial price is less than $15, which may meet a further hike in the future. This is the reason why it is good to buy W3DNA domains at the moment.
Another perk of W3DNA is that no one can delete websites created on W3DNA domains and users can permanently use their sites. Also, in general, as there is no external control and DDOS attacks on Web3 domains, W3DNA is a suitable platform for creating Web3 NFT domains.
Initiatives
Next year, the W3DNA team will launch a Web3 browser for PC and mobile, a search system, and a non-custodial crypto wallet. Moreso, they will launch a decentralized messenger and social network and protocol advertising network.
W3DNA Protocol
W3DNA has a W3DNA protocol that operates an NFT domain, name, and account available in any language without any extensions. While registering a domain on W3DNA, a username will be received for Web3 apps along with an account payment in any crypto and chain of users’ choice.
Partnership
Recently, W3DNA teamed up with Chiko & Roko NFT and released free NFTs to bridge street culture and urban hip hop with 3D reality. Over 760k people collected 21 million digital figure NFTs of Chiko & Roko.
Also, W3DNA jointly conducted an airdrop with Tap Fantasy blockchain game and participants received a free domain worth $40.
In the future, W3DNA will allow the surfing of decentralized webs using Google Chrome, Microsoft Edge, Mozilla Firefox, Opera, and Brave.
Conclusion
Summing up, there are many technological changes happening in the digital world that aim at creating a fully facilitated Web3 space. W3DNA is one such Web3 feature that provides an NFT domain, name, and account, utilizing which users can create a domain for their NFT, and secure it using decentralized technology. Unlike the web2 domains, Web3 NFT domains do not require any extensions and can be in any language and symbols.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
