Web3 domains are a pretty hot topic nowadays. While the popularity of the concept does somewhat depend on the general market sentiments at any given point in time, there’s no denying that more and more people are becoming interested in creating a Web3 identity, and are thus looking to buy Web3 domains. Web3 domains refer to domain names that possess a designated ending ( i.e. .nft, .crypto, .blockchain, etc. ), and are based on a blockchain network ( minted in the form of an NFT ).
These domains are sold by specific registrars, such as Unstoppable Domains, and are completely unique ( hence the NFT part )
One of the main reasons why it is important to book now and keep web3 alternative of your web2 domain names is that it can help you secure your online identity. With the rise of decentralized social platforms and crypto-powered metaverse projects, having a unique web3 domain name can help you stand out from the crowd and represent yourself in this new era.
Another reason is that web3 domains can be used as traditional wallet address substitution. This means that instead of using long wallet addresses for transactions, you can use your unique web3 domain name which is easier to remember and share.
Web3 domains also allow for personal branding in Web 3.0. With web3 domains, you can create a unique identity for yourself or your business which can help you establish yourself as a brand in this new era.
However, there are some cons associated with buying web3 domains as well. One of them is that there is a lot of dependence on the underlying registrar. Another con is mass adoption-related uncertainty. What I mean by “lot of dependence on the underlying registrar” is that web3 domains are sold by specific registrars, such as Unstoppable Domains. This means that if the registrar goes out of business or decides to stop supporting the domain, you could lose your domain name
In conclusion, booking now and keeping web3 alternative of your web2 domain names can help you secure your online identity and establish yourself as a brand in this new era. However, it is important to understand the pros and cons associated with this venture before making any decisions.
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