With the evolution of web3 upon us, now is the time to consider buying an Unstoppable Domains NFT. It can be difficult to envision now, but decentralized domains have the potential to become the foundational infrastructure of the new iteration of the internet.
Should You Buy an Unstoppable NFT Domain?
We transitioned from web 1.0 (read-only web) to web 2.0 (user-generated content) in roughly 15 years’ time, and now we are quickly approaching the new era of web 3.0 (decentralization and blockchain technology).
Although we are still in the initial phases of web3, it’s only a matter of time before you will need your own decentralized domain. That being said, here are 11 reasons why you should consider buying your Unstoppable Domains today.
1. One-Time Purchase Fee
Unlike traditional “.com” domains of web 1.0 and web 2.0, Unstoppable Domains only require you to pay a one-time fee.
The days of renewing your domain name annually for a fee are gone. With Unstoppable Domains, you pay anywhere from $5 to $100 plus dollars, one time. From there, you never have to renew it or pay another fee to maintain it.
2. Own Your Domain
Web3 is largely about digital ownership. Thanks to blockchain technology and NFTs, we now have the ability to own digital assets.
In the past, “owning” your domain was more like leasing it. You would choose the amount of time you’d want to “own” it for, and then after that time expired, you’d have to pay up again.
Not anymore. Since Unstoppable Domains are NFTs (ERC-721) at its core, you actually mint it to the blockchain after you purchase it. Considering the blockchain is an immutable ledger, there’s no way that anyone can take it away from you or demand that you pay to continue your ownership.
Once you buy an NFT domain, it’s yours to keep.
3. Create a Readable Wallet Address
Those of us who use a web3 wallet know about the ugly public address that comes with it. This randomized 42-character address is not only an eye-sore, but it’s also difficult to remember and easy to input incorrectly.
In web3, your public wallet address is used for everything. It’s your digital identity. You send and receive assets using it, and others find you by searching it.
Considering its significance, don’t you agree that there should be a better solution to this? Imagine if you had to find people on social media by looking up 42 random numbers and letters in the correct order—good luck.
Unstoppable Domains solves this problem by enabling you to connect your domain name to all your wallet addresses.
These domains support over 275 main-chain coins and thousands of tokens from numerous chains. Supported tokens include Ethereum (ERC20), Binance (BEP2 and BEP20), Ethereum Classic, Solana, OMNI, and a bunch more.
4. Multi-Chain Compatibility
With the ability to receive over 275 coins and a number of tokens, and with more options on the way, Unstoppable Domains provide you with true multi-chain compatibility.
Now navigating all your crypto transactions doesn’t have to be such a pain, rather, it’s easy since all of your payment methods can be located via one convenient domain name.
This is especially useful for brands and businesses that receive crypto payments from multiple entities that all have different preferred payment methods.
Rather than needing to provide numerous wallet addresses to the sender, you can give everyone the same domain name. This makes payments a breeze and builds trust with your clients and consumers.
5. Build Decentralized Websites
Decentralized websites are still a new concept in the macro, but very much a necessity for the progression of web3. With Unstoppable Domains, you can build and launch your own decentralized website in a matter of minutes.
As for building your own website, you have several options:
- Launch a website in minutes using Unstoppable’s pre-made templates.
- Create a website yourself and upload it directly to IPFS.
- Link to an existing IPFS hash or redirect to your traditional domain.
Furthermore, you can easily create your own gallery-style website to showcase your collection of NFTs. This is the perfect solution for both collectors and creators who desire a simplified and branded way to display their digital assets.
6. Own Your Web3 Identity
As the web3 ecosystem continues to be built over the next couple of decades, owning your web3 identity will become increasingly important.
By owning your own domain, not only are you contributing to the foundation of this ecosystem, but you’re also securing your identity early before mass adoption occurs.
Envision your NFT domain as your web3 profile. Everything you do on the decentralized web will likely be executed from behind your domain name.
Whether you wish to grow your personal brand or perhaps you have ambitions to build a big-name brand, securing your web3 identity today ensures that you’re set for what’s to come.
After all, if there’s an Unstoppable Domain that you want but someone else already owns, the only way to attain that domain would be to buy it from the owner. Why not just secure your identity now?
7. One-for-All Identity
In web2, it’s common practice to have numerous passwords, usernames, and profiles spread across the web. That’s not to say that it’s the most efficient way though. In fact, it can be a hassle.
I find myself hitting the “Forgot Password” button at least once a day. Not to mention my multitude of usernames and various email addresses I have to keep track of.
However, web3 works a bit differently. Instead of a password or username, you use your web3 wallet. When you sign into a decentralized app (dApp) or website, you do so by signing a transaction hash via your wallet.
By signing this, you’re basically agreeing to the terms that the transaction states. Again, depending on which blockchain a dApp is built upon, you have to utilize different wallets to access them.
With an NFT domain, all you need is your one domain name to access over 340 applications.
8. Control Your Data Privacy
Practically all web2 platforms save your data on their servers in exchange for giving you services. As a result, companies profit from your data. This has led to breaches, leaks, and hacks of customers’ personal data.
Although there have been attempts to allow users to choose whether or not they want to share their personal data in addition to how it’s used, there’s still room for improvement.
NFT domains give you control over your data. By enabling you to give permission to dApps and other decentralized platforms to use your data, you remain in control, and your experience as a customer is improved via personalized promotions.
That means you are in control of what others have access to, as well as what you see as a result of giving that permission.
9. Grow Your Online Reputation
In modern-day society, our online reputation is important. In fact, in some cases, I’d argue it’s even more important than our real-life reputation. The problem with our online reputation though, is that it’s difficult to track across various platforms where we have numerous accounts.
Unstoppable Domains grant you the ability to grow your online presence, build authority, strengthen your reputation, and carry your presence with you wherever you are online.
That means when new platforms arise, you don’t necessarily have to rebuild your reputation. Rather, your entire reputation is associated with your domain name.
Moreover, this can help eliminate bad actors and people with not-so-good intentions—assuming they use the same domain name wherever they go.
10. Connect to Off-Chain Data
It’s important to note that web3 isn’t completely eliminating web2—at least not yet. With that, we still need to be able to access information that is stored off-chain (not published on the blockchain).
Since some data is just too large to be efficiently stored on the blockchain or the data requires to be modified, we still need a way to connect with these web2 platforms using our web3 identities.
Unstoppable Domains are capable of connecting to this off-chain data. Whether you need to verify your social media accounts or link to your KYC, NFT domains can work together with web2 domains to get it done.
This coexistence of web2 and web3 is crucial for the continued development of web3.
11. Humanity Check
Every Unstoppable Domain comes equipped with a Humanity Check.
Unstoppable’s Humanity Check provides applications with a way to verify the personal information of its users and attach that information to your UD domain. This check allows you to prove your uniqueness while remaining 100% private.
You can think of it as the new-and-improved version of 2FA. Except, it’s more private and secure since it’s associated with your NFT domain.
Additionally, the Humanity Check enables Unstoppable Domains to begin establishing a community of data sharing with domains serving as the core hub through which information flows.
How to Buy an Unstoppable Domain
Buying an Unstoppable Domain is easy. Follow these four simple steps below.
1. Search for a domain
First, visit Unstoppable Domains to search for your domain. You’ll notice that there are numerous domain endings (TLDs) to choose from (.nft, .crypto, .x, etc.). All the endings provide you with the same functionalities. However, the domain endings can all be utilized differently depending on your goals.
After you decided which ending you want, enter your desired domain name into the search box. From there, you will be directed to the purchasing page.
2. Buy your domain
Once you have confirmed that the domain you want is available and the price is acceptable, you can buy your domain. Generally, Unstoppable will display the same domain name with different ending options in case you want to purchase a variety of endings for that same name.
Currently, there are four payment methods to choose from:
- Credit card
- Crypto (BTC, BCH, ETH, DAI, LTC, USDC)
- Crypto.com pay
If you are sending your payment from a crypto exchange like Coinbase, make sure you send enough to cover the fees implemented by the exchange. These fees are typically only a couple of dollars. You can preview the transaction before sending it to know exactly how much the exchange fee will be.
3. Connect your wallet to your account
You can buy your NFT domain name without connecting your web3 wallet. However, if you want to mint your domain, you’re going to need to connect your wallet.
To connect your wallet:
- Go to your Account Setting, and choose Add Wallet.
- Sign the transaction using your wallet to connect it to the Unstoppable Domains website.
If you don’t have a wallet, I recommend using Coinbase Wallet to get started. That being said, you should learn how to properly store your NFTs for maximum safety before buying one. Otherwise, you risk losing your NFTs to hackers and scammers.
4. Mint your domain
Your domain is not functional until you mint it. After you purchase your domain, it will appear under the My Domains section of your profile. This is where you will go to officially mint your NFT to the blockchain.
Follow these steps to mint your domain:
- Go to My Domains
- Click, Free Mint
- Enter your 2FA verification code
- Connect your wallet
- Confirm and sign the transaction
That’s it, you are now in complete control of your decentralized domain. After minting your domain you can set up your domain profile, add your cryptocurrency addresses, create your own decentralized website, or try to sell it for a profit.
As the future of web3 unravels, owning an NFT domain is becoming increasingly important. Buying an Unstoppable Domain today ensures you are set for tomorrow and the future to come. With a one-time fee of $5 to $100, no renewal fees, and complete ownership of your domain, there’s no reason not to secure the domain you want today.