Best Ideas for Domains

How To Pick The Best Second-Level Domain Names In Web3

Domain Names

We all know how precious domain names can be in an increasingly competitive online space. If you had been wise and invested in a simple domain name such as insurance.com, now you could have been the proud owner of around $35.6 million. But investing in generic domain names with standard DNS addresses can be expensive. Most domains are already taken, and the market is quite inundated.

So why not look into a growing space with a much better appreciation rate for every penny you invest? Welcome to web3 and crypto domains. Despite the rapid growth, the crypto space has a lot of room for clever investors who can strike right now to gain in leaps and bounds quickly.

Before we understand how to pick the best second-level domain names in Web3, let’s talk about:

What are crypto domains?

Cryptodomains work much like the standard domains and IP addresses. They are human-readable web addresses that can substitute for the otherwise length hex string that serves as the address for your crypto wallet, assets, or NFTs. They are registered in a similar format with domain extensions such as .crypto, .dao, .metaverse, .eth, and more.

What are second-level domain names in Web3?

As web3 is decentralized, you can not only register your actual domain name but also register your own second-level domain names. This means you can also have your second-level domain with any word that makes sense.

Top-level domains are specified extensions, while second-level domains comprise of words and phrases. Let’s understand this best with the help of an example. Consider my.restaurant. Here, the second-level domain is the my and the top-level domain is the .restaurant. While .com, .org, and .gov are some popular Web2 top-level domains, some popular Web3 top-level domains are .metaverse, .token, .hodl, and others.

Thus, you can register a domain name called .restaurant and use it as an easy identifier for services and wallets relevant to the restaurant business.

And once you have registered your crypto domains, you can sell them to any willing buyer in the same way standard domain names are sold. Freename.io helps you buy, register and sell crypto domains as per their availability.

Now that you understand second-level domain names, let’s look at the best practices to follow when choosing them.

How to choose the best crypto domain names?

  • Keep it sweet and simple

Choose simple names that have a clear meaning and are easy to remember.

  • Go for an ideal length

Shorter domain names are usually cheaper but if you are not able to find them in your budget, go for similar names with similar message or meaning.

  • Consistency is key

When registering your personal brand as a domain name, make sure you maintain consistency. It is a better idea to use the same domain names you use in your web2 or your social media handles.

  • Respect your budget

Set a budget and always work within that budget when you buy your domain names.

  • Determine the value

Check your competition or the market trends to ascertain whether a domain name will have value.

Why should you own a Web3 domain name now?

The crypto space is relatively new and offers many opportunities for early investors. While the average starting price for a crypto domain is anywhere from $0 to $20, it mostly ends up getting sold at a higher price in secondary markets.

Even when the crypto market was seen to be lagging a couple of years ago, the sales of crypto domains kept going up, and names were being sold for thousands of dollars. The sale of “win.crypto” in March, 2021 marked a record breaking selling price of $120,000. One of the most expensive crypto domain names, “Paradigm.eth” is priced at $1,488,480.

As more and more businesses delve into the crypto space, chances are they will try to capture the most relevant crypto domain names. And if you are clever enough to invest in the same, you could get a good investment that fetches you profits.

Which domain names make the most money?

A recent report suggested:

  • Domain names with 3-8 characters account for more than 85% of the sales
  • Domain names with single words attract 85.23% of the sales
  • Singular forms perform better than plural forms
  • Domain names with nouns grab 66% of the sales, and emojis lure in 14.18% of the sales.

List of the best Web3 domains

  • .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 the user-led governance

Set up your passive income stream now

Buy your own top-level and second-level domains from freename.io. Freename.io doesn’t just let you buy second-level domain (as in my in my.metaverse) but also the top-level domain (as in .metaverse in my.metaverse) too. A good added advantage of owning your own top-level domain is that you stand to gain from royalties whenever somebody registers it, thus giving you a much-desired passive and steady income stream. So, are you all set? Contact us today to learn more.

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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.

Ask Away!