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Choosing the best Web3 second-level domain name

How To Choose The Best Second-Level Web3 Domain Names

Did you know that cars.com is worth $872 million? This is due to its generic nature and simplicity of the domain, not to mention how popular the niche is. It also highlights the fact that finding the perfect domain names within budget is almost impossible unless there is an alternate webspace with a spacious pool.

We’re talking about blockchain internet, where you can buy Web3 or crypto domains at fairly reasonable rates. The level of security, control, interoperability, and decentralization make them highly popular among businesses and individuals. Considering the current growth trends, investing in the crypto domains right now would mean hefty profits in the future. 

But the question is, how can you pick the best second-level domain names in Web3? This post has the answer. But before that, let’s begin by understanding Web3 domains and second-level domains (SLDs).  

What are Web3 Domains?

You must be aware that crypto wallets or NFTs have long and difficult addresses. Although more secure, the difficulty of blockchain addresses often hinders users from interacting with other users on-chain. This is where crypto domains come in handy.

Web3 domains function similarly to traditional Web2 domains. Through human-readable DNS addresses for cryptocurrency wallets, NFTs, and other digital assets, Web3 domains revolutionized communication on blockchains. To name one, Freename DNS can resolve any Web3 domain according to your browser settings. 

Just like Web2 domains, crypto domains also have domain extensions, but they differ from traditional domain extensions. Some examples of Web3 extensions include .crypto, .dao, .gaming, .metaverse, .eth, .freename, etc. 

What are Second-Level Domain Names in Web3?

The decentralized nature of Web3 lets you create your unique domain name. Not only that, but you can also register a second-level domain (SLD) with an existing top-level domain (TLD). The basic difference is that TLDs are specified extensions, while SLDs comprise words and phrases before the domain extension.

You have the following options:

  • Register a unique domain name, such as .freename, .google, .apple, etc. These are similar to traditional domain extensions like .com, .org, .gov, etc.
  • Pick a domain name and register with an existing TLD: “art.nft”, “freefire.gaming”, “myhome.metaverse”, and more.    

The following example will help you understand the basic difference between domain names and domain extensions.

Suppose you have a company named Elite Finance, and you chose the domain name “elite.finance”. Here, “elite” is the second-level domain name, while “.finance” is the top-level domain name. Depending on availability, you can register “.finance” and use it as your identity for wallets relevant to finance. 

After buying and registering the SLDs, you can either promote your products and services or resell them to interested buyers, just like traditional domains. For this purpose, you’re going to need a reliable domain provider like Freename that offers a plethora of TLDs and SLDs whether you want to buy, sell, or register your Web3 domains. 

How to Choose the Best Crypto Domain Names

Now that you’ve learned the basics of Web3 domains and SLDs – and how to use them, follow this step-by-step guide to choosing the best crypto domain names. 

Step 1: Keep it Sweet and Simple

Choose simple names that have a clear meaning and are easy to remember. You can choose a domain name, “.audit” if you sell audit services. If you renovate homes or sell home improvement products, “.home” is a suitable domain name.

Here are some examples of memorable domain names:

  • .art365
  • .affiliate
  • .metaverse
  • .gaming
  • .soccer
  • .skying, etc.

Step 2: Go for an Ideal Length

Long domain names are harder to remember. Although long domain names have room to insert your target keyword, they don’t perform well in terms of word-of-mouth marketing. 

Experts say that the ideal length for a domain name should be more than six characters and should not exceed 14 characters. Shorter domain names have multiple advantages, such as:

  • Brandability
  • Ease of sharing
  • Better SEO
  • Effortlessness in typing on mobiles
  • Effectiveness in performance tracking
  • Higher ranking possibilities
  • Authoritativeness
  • Trustworthiness, etc.

A study on Web3 domain names suggested that a domain name should have a single word in between 3-8 characters for higher chances of sales. Moreover, those with nouns have a higher sales potential. And if you add emojis to your domain name, it’s 14.18% more likely to sell. 

Here are some of the popular domain extensions you can choose from:

  • .hodl – popular among long-time holders of cryptocurrencies
  • .eth – most popular, can be used to create a Web3 blog, identity, subdomains, and more
  • .metaverse – popular among users for hosting blockchain projects
  • .nfts – popular among content creators, artists, fans, and more
  • .aurora – popular among users of the Aurora blockchain
  • .young – popular among users of Young Platform Exchange
  • .shib – popular among users working on the Shiba token
  • .dao – popular among users who believe in user-led governance

Step 3: Consistency is Key

While registering a second-level domain, consistency should be on top of your priority list. This means, your domain name should be consistent across Web2 and Web3, including your website, social media profiles, and other virtual real estate. 

Suppose you already have a Web2 domain name, “myfastfood.com”. Then, you should look for a similar domain name in the Web3 domain directory. There, you will have multiple options, such as:

  • my.fastfood 
  • myfastfood.metaverse
  • myfastfood.hodl, etc. 

What if you chose a different domain name? In that case, there’s always a risk of losing a portion of your customers to your competitor, who might claim a domain name similar to yours.

Step 4: Respect Your Budget

Your budget plays a pivotal role in determining the domain name you need to choose. Staying within the budget is next to impossible when it comes to choosing a domain name on Web2. But Web3 internet poses no such issues. 

With research and analysis, you can find the perfect domain name that matches your budget is subject to research. Here are different ways to do that:

  1. Websearch

Go to the web and look for the availability and price of the intended domain name. You may have to search for the domain name with multiple service providers who might charge some extra bucks.

  1. Reliable Domain Name Service Provider

Instead of doing everything yourself, let the professionals assist you. For example, Freename offers an online database of SLDs and TLDs that are available for sale. 

One of the key benefits of working with Freename is cost-effectiveness. You can find a handful of domains that meet your brand and budget requirements. Some of the domains start from as low as $5. 

Step 5: Determine the Value

There are different ways to determine the value of a second-level domain name in Web3. If you wish to do it on your own, follow these steps:

  • Step 1: Find out how much similar domain names are being sold for. Go to DN Journal or NameBio to start your research. 
  • Step 2: You can leverage a domain name appraisal service, such as Godaddy, to get an estimate of your domain name.
  • Step 3: Use domain broker services like Flippa or Squadhelp to see how much people are willing to pay for your domain name.

Or you can cut your work short with Freename.io. The platform offers a thorough analysis of every domain name you search for, including name options along with their prices. 

Based on the latest trends in the Web3 market, it provides close to accurate prices for a particular domain name.

Why Should You Own a Web3 Domain Name Now?

The world of Web3 is somewhat new, hence the plethora of opportunities for potential investors. This is the period when most domains are cheaper. You can buy a domain for as low as $5 and sell it at a fairly high price later on. 

  • As mentioned earlier paradigm.eth was sold for over $1.5 million in 2022. 
  • Another Web3 domain, win.crypto was sold for $120,000 in 2021. 

If you own a handful of Web3 domains today and can retain them for a certain period, you can earn unbelievable profits in the future. 

One key advantage is that owning a decentralized second-level domain does not require a renewal fee or annual service charges. Simply mint your Web3 domain on your chosen blockchain network and sell it at a higher price in the future.

Which Domain Names Make the Most Money?

The .eth is arguably the most popular domain extension in the Web3 ecosystem, boosting the highest-paying Web3 domain names until 2023. 

Here is the list:

  • paradigm.eth – $1,508,884
  • 000.eth – $317,759
  • abc.eth – $253,100
  • depak.eth – $220,401
  • porno.eth – $204,505
  • mazars.eth – $195,067
  • artfao.eth – $194,560
  • sapdeutschland.eth – $179,731
  • ensmaxisnft.eth – $166,315
  • opensea.eth – $165,889

But things won’t be the same for good as more businesses are switching to blockchain networks.  

Set Up Your Passive Income Stream Now

Owning a second-level domain is one thing. But if you own a TLD, it’ll most likely pay you back in the future. TLDs are domain extensions that can be used to register a second-level domain name.  

If you buy a top-level domain (TLD) and become a registrar, you can earn a commission on every second-level domain registered with your TLD. The royalties go up to 50%. A clever investor would surely go for this option to create a passive income stream right now.

Conclusion

Choosing second-level domain names in Web3 is relatively easier compared to Web2. That’s because decentralized domains are fewer in number, and the blockchain space is more spacious in terms of domain extensions.

When choosing the best SLD, keep it simple and short. Moreover, try to keep the name consistent across Web2 and Web3 portfolios to gain more traffic. Do your research beforehand or work with professionals like Freename to find the best second-level domain names in Web3.

Freename.io not only helps you buy your SLD but also offers an opportunity to register a TLD and create a passive income stream for the future.

Search and Buy Your Web3 Domain on Freename


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How does it work?

Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

You can chose on which blockchain you want to mint on and minting fee is covered by Freename!

HOW TO USE COUPONS:

Once you have added your favorite items to the cart, you proceed to “checkout” and add your coupon to the “coupon box”.

Said coupon will instantly do its magic and your due total will drop!

COUPON CODE CAN ONLY BE USED ONCE!
ENJOY YOUR SHOPPING AND GIFTS!

How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!

GOOD LUCK!

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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

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