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Summary
Today our focus is on thе new Web3 naming service – *W3DNA. Below are all pros and cons evaluating core elements of the service to profit from early participation. We shall also discuss the importance of buying domains and making money from them.
What is *W3DNA?
*W3DNA is an NFT domain, name, and account in Web3 deployed on the BSC, Polygon, and Ethereum simultaneously. Widely touted as one of the top projects in Web3, *W3DNA introduces multiple helpful features that break new ground in Web3. The empowering tech behind it creates a new realm of possibilities for everyone on the web.
What are *W3DNA domains?
In simplest terms, an NFT domain is a domain that runs on a public blockchain, providing users with complete ownership of their data uploaded there. Some of its benefits include simplifying cryptocurrency transactions by replacing long complicated wallets’ addresses with the domain name. It also allows anyone to easily create and host websites on Web3. A *W3DNA NFT domain provides its owner with an account to accept payments in any cryptocurrency and chain along with a username for Web 3.0 apps. *W3DNA domains can be registered in any spoken language with any number of symbols.
How do crypto domains work without any TLDs?
Traditionally, domains in Web 2.0 have domain extensions such as .com, .org, .net. etc. The primary purpose for them is to classify websites by type and control the traffic. Traditionally, they are known as TLDs (top level domains). *W3DNA reinvents the concept of domains as we all know it. To understand how *W3DNA innovation works let’s take an example.
Imagine a city with thousands of streets to get from point A to B. Traditionally TLDs facilitate user navigation to the right street to reach the website they need. *W3DNA’s unique innovative tech allows users to skip crossing all the roads and teleport from A to B.
*W3DNA domains are in the form of NFT. Registration and hosting traditionally served by employees of centralized systems are carried out by smart contracts. Thus *W3DNA domains function independently of registries, hosting and ICANN. Since *W3DNA is creating an alternative domain name catalog, it does not fall under ICANN rules.
Why are Web3 domains safer than Web 2.0?
People often wonder how a domain with no TLD on Web3 is safer than its Web 2.0 counterpart. – Here’s how *W3DNA does it.
– External control is absent
NFT domains can serve as both crypto wallets and usernames for Web3 social networks and messengers. It allows domain owners to store their websites directly on the blockchain – granting them full control over their data. No third-party can restrict the content uploaded on such a website or revoke such domains from the owner.
– Preventing scams
*W3DNA domains have no TLD which deprives scammers of the benefits that they have with Web 2.0 domains. Scammers can no longer create identical domains as NFT domains do not allow anyone to use a name that is already taken.
– Prevents wallet address confusion
Every *W3DNA domain comes with a short and beautiful wallet address preventing human mistakes as users do not have to enter long and tough-to-remember wallet addresses.
– Prevents DDOS attacks
Web3 domains are decentralized and no data is stored on a single server. The data is dispersed around the world safe from DDOS attacks.
Why invest in *W3DNA NFT domains?
NFT names with no TLD is a must-have because they solve major user pains of Web 2.0. TLDs are designed to show that a website belongs to a certain group of organizations (.com), country (.ae), industry, or group (.net, .art), etc. In the world where our lives are too digitally transparent and guided, such obligation is really a pain. What if the user does not want to disclose this additional semantic information? The answer is *W3DNA where your domain has no attribution with obligatory TLD.
Web 2.0 commercial purpose to sell as much as possible allows creating identical domains with different TLDs. With *W3DNA your domain is safe from such scammers.
Domains with TLDs limit users in the number of symbols, languages and other elements like emoji for example. *W3DNA is free of such limits.
*W3DNA – Competitive Features
*W3DNA gives users the power to unlock a number of functions in the new and exciting world of Web3.
- Supports any symbol, language, and hieroglyph
*W3DNA does not restrict users to a particular language or number of symbols. With *W3DNA, they can register their domain in any language of their choice. Nothing is off-limits, including the Arabic script, Latin alphabet, Chinese characters, and even emojis.
- No limits on the length
*W3DNA allows anyone to choose domain length, ranging from 1 symbol to infinity. Users can register their NFT domain as A, B, C, X, or any other letter or symbol. Short domain names are in higher demand than longer ones, with the ideal domain name being between 4 and 6 characters in length almost in any language.
- Domain ownership durability
Unlike traditional domains, *W3DNA domains provide extended ownership selling domains to own no renting. NFT domain becomes the property of the owner forever with just a one-time payment. There are no renewal or hosting fees.
- EVM Chains
With *W3DNA users can mint their NFT domain simultaneously on the three chains. Additionally to BSC, Ethereum and Polygon, *W3DNA plans to add even more EVM chains in the future. Such a revolutionary approach saves time and prevents costly human errors minimizing future mistakes while receiving or sending crypto payments.
- No TDLs
With *W3DNA, users register domains without extension – top level domains (TLDs) – to route from A to B. The absence of TLDs significantly increases domains’ investment value. *W3DNA protocol setup also controls anyone from registering the same domain with a mix of letters from different alphabets and punctuation marks.
How can users earn from *W3DNA domains?
Perhaps the biggest highlight of what *W3DNA offers the opportunity to use their domains for sending, receiving and earning on resale like the cybersquatters of the early internet age. How to do this? – Simply by listing a domain on Rarible and OpenSea for sale. Since lately OpenSea is also showing NFTs minted on BSC along with Ethereum and Polygon automatically if they are on your wallet. So just having a *W3DNA domain on your wallet gives you the chance to catch a bit from secondary NFT market users searching for a suitable domain.
*W3DNA NFT domains serve as excellent investment tools due to their unique concept. Almost everyone wants a domain with a favorite word, number, or emoji. A learned investor takes into account all factors before buying an asset and selling it for more in the future.
Some of the examples of ENS and Unstoppable services where people resold domains and earned money include the following.
- A user bought the pjfi.eth domain for 0.12 ETH and sold it for 350 ETH.
- A user bought the 000.eth domain for 0.28 ETH and sold it for 300 ETH.
- A user bought the abc.eth domain for 4 ETH and sold it for 90 ETH.
- A user bought the paradigm.eth domain for 0.012 ETH and sold it for 420 ETH.
- A user bought the bitcoinbeliever.crypto domain for 0.0095 ETH and sold it for 0.05 ETH.
- A user bought the datebook.crypto domain for 0.020 ETH and sold it for 0.070 ETH.
Why invest in an NFT domain from *W3DNA?
There are many reasons for users to purchase an NFT domain Web3 with *W3DNA.
- *W3DNA allows users to stake out a unique domain name for all purposes at once. None can take the same name for any other NFT platform or naming service.
- Domains can be resold immediately listed with a new price with the same *W3DNA market place and or other including OpenSea. Domains are not subject to inflation. They have value of their own.
- *W3DNA domain name is easy to remember with one single domain name, other users do not have to remember a variety of personal information.
- *W3DNA domain price is increasing because of its natural demand not market scheming. Currently prices range from $15 to $100,000. So, an NFT domain can be sold at multiple value of its initial price.
- NFT domains can be resold on Rarible, OpenSea, and *W3DNA itself. One can also register the domain name of a celebrity and resell it to him/her for prices up to $100k.
- Users can create websites on *W3DNA domains which cannot be censored, banned, or deleted by any authority.
- *W3DNA NFT domains allow users to receive payments in basically all cryptocurrencies from friends and clients.
- Lastly, *W3DNA NFT domains require very small capital upfront. With one payment, one can own a domain without additional fees (like renewal fees) later on.
Pros and Cons of *W3DNA domains
- *W3DNA lets users buy a domain name for a one-time fee.
- Users can use *W3DNA domains to accept payments in any crypto and chain.
- *W3DNA domains can be resold and are not subject to inflation.
- *W3DNA domain prices can increase soon because of fast mass adoption.
- While domains are available at $15 now, the prices are to hike up to $30 within about a quarter.
Final Thoughts
*W3DNA is one of the best services that allow individuals to easily create an NFT domain and upload content directly into the blockchain using this domain.
