How to create an NFT domain? NFT domains are created fairly quickly and are usually cheaper than traditional domains and offer many advantages. Let’s explore more in this article
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What is an NFT domain?
NFT domains are decentralized smart contracts that run on public blockchains. In addition to being listed on blockchains such as Polygon and Ethereum, they also have new extensions such as .nft and .crypto.
Essentially, the owner of the crypto wallet that hosts these names is the only one who can use them after registration. You can register and hold an NFT domain name for life, as most domain names do not require monthly or annual fees. Due to the decentralized nature of NFT domain names, anyone can actually own a domain name. In addition, if you have your own domain extension, you are the full owner of it.
How to create an NFT domain
Multiple services offer these domains, and creating an NFT domain is not particularly difficult. As more and more people buy it, finding a good NFT domain name is becoming more difficult. Here's how to get an NFT domain name on the most popular platforms.
A typical Web 2.0 domain name is more similar to purchasing other NFTs than purchasing an NFT domain name and registering it. Through NFT marketplaces, blockchain domain names can be acquired and registered. Most NFT providers only accept cryptocurrencies, but some fiat currencies are also accepted. Registering an NFT domain name is simpler than you think, especially if you have already traded NFTs.
Step 1: Find a reliable and trustworthy NFT domain marketplace. Leading sellers include Unstoppable Domains and Ethereum Name Service. You can also check popular NFT marketplaces like OpenSea and Rarible for NFT domains available for resale by the owner.
Step 2. Enter your preferred domain name and check from the available extension options (.nft, .crypto, .bitcoin, etc.). Different TLDs will have different prices.
Step 3. Pay the corresponding fee for the name you have chosen. Depending on the market, there may be several payment methods. You can choose to pay with cryptocurrency, credit card or even PayPal.
Step 4. "Minting" the domain is the final step. When you complete the domain claiming process, the blockchain will recognize you as the owner of the domain. After minting, you are now the verified owner of the domain. You own a website address, a cryptocurrency wallet, and an NFT that can be stored or sold to others. A wallet should be used to hold your domain because it is a non-fungible token.
