The blockchain ecosystem is dominated by digital wallets with hard-to-remember addresses. The same is true for other digital assets. This is where Web3 domains come in.
Web3 domains are digital identities that can be associated with your brand, your website, or other digital assets, such as cryptocurrency wallets, NFTs, and Metaverse real estate. For example, you can integrate a Web3 domain with your digital wallet to create a unique and easy-to-recall identity.
Interestingly, Web3 domains are quite different from traditional domains. They are decentralized, permanent, and don’t require annual maintenance costs. Plus, they offer complete ownership, enhanced security, and ensure data privacy. The domains are censorship-resistant, allowing complete control and authority over your data.
Their impressive features attract millions of users, including those who want to mint these domains to resell them at high profits. Domain minting takes place on blockchain networks. Users prefer those networks on the basis of scalability and popularity. SEI is one of them.
The SEI platform was launched in August 2023. It quickly gained popularity due to high-performance functionality, continuous evolution, and advancements. that set it apart from others. So far, the network has completed more than 1.2 billion transactions, maintaining an immaculate 0.38s time to finality (TTF) and an impressive 12,500 theoretical TPS.
This post explains why you should mint a Web3 domain on SEI and how to do it with the Freename platform. So, let’s get started.
Why Choose SEI for Web3 Domains
The SEI network boasts a Twin-Turbo consensus mechanism, an interoperable parallelized EVM, and a 100x high-performance database. These features make it an ideal network to mint Web3 domains. Here are the details:
SEI Network’s Speed
The following table showcases speed benchmarks set by the SEI network:
| Order processing speed (OPS) | 22,000 orders per second |
| Theoretical TPS | 12,500 |
| Time to Finality (TTF) | 0.38s |
| Block Time | 0.41s |
The SEI network offers better transaction processing speed, block time, and transaction time to finality than Solana, Base, Aurora, Polygon, and many other popular chains.
Its speed and accuracy allow AMM exchanges (DEXs) to compute block transactions and update their pricing, making it an ideal chain for building crypto trading dApps.
Low Transaction Costs
Developers, NFT collectors, and domain investors consider transaction costs a major factor in determining any blockchain. This is where SEI makes an ideal platform. SEI offers the lowest transaction cost across all EVMs.
Interoperability
The SEI v2 is a parallelized EVM that supports Ethereum and Cosmos SDK ecosystems, rendering cross-chain interoperability, 100x better performance on Layer1, and application support for effortless project launch. It offers app integration and renders a web2-like experience to end-users.
Decentralization
SEI is an open-source network featuring delegated proof-of-service (dPoS) protocols that accumulate the highest funds in the blockchain industry. It offers everything from complete data ownership to enhanced security to ensure blockchain democracy.
Scalability
SEI is aligned with the digital world’s modern requirements. Its immaculate processing speed, unmatched security, democratization standards, and interoperable functionalities make it a highly scalable solution for developers, traders, domain investors, and other professionals.
Benefits of Minting on SEI
- SEI is one of the fastest-growing Web3 networks in the blockchain industry. This means Web3 domain minters can expect a good future value.
- Parallel processing and native order matching positively impact the overall transaction speed, reducing network congestion and increasing savings.
- The blockchain network makes importing digital assets from other blockchains effortlessly easy. In most cases, users don’t have to do anything while deploying Ethereum-powered projects to SEI.
- Its user-friendly interface and plethora of supporting tools enable seamless integration. Therefore, it will likely attract more users, new and pros alike.
Prerequisites for Minting a Web3 Domain
Going straight to the minting process? Do you have all the essentials? You cannot mint your Web3 domain until you have these essentials with you:
- A compatible wallet: Your digital wallet should be non-custodial and compatible with SEI. For example, MetaMask and Compass are compatible with EVM and SEI-native environments.
However, the wallet address may change depending on the environment in which you’re transacting. Follow the network’s guidelines to connect your wallet.
- Funds: The chosen wallet should have sufficient funds to cover the domain registration fees and minting costs. Choose ETH or other cryptocurrency as specified by the registrar. Also, have sufficient SEI tokens in your account for SEI-native transactions.
- Basic knowledge of SEI and Web3 domains: Before you start, we recommend reviewing SEI’s guidelines. Needless to say, you should have a basic understanding of Web3, the role of Web3 domains, advantages and risks, etc.
Step-by-Step Guide to Minting a Web3 Domain on SEI
SEI is an advanced network with dual support for EVM and Cosmos SDK environments. Freename is compatible with both, which means your Web3 domain will start minting on SEI within minutes.
Simply follow these quick steps to get set and run.
Step 1: Visit Freename to Create Your Account
The initial step is to register with a reliable domain registrar, such as Freename. To do this:
- Visit the Freename.io homepage.
- Click on the blue Login button present at the top right corner to open a new window.
- Now, choose “Sign Up” or “Sign in with Google” to enter your personal details: Name, Username, and Password. Then press “Sign up” to register your account.
Want to find the domain first? Click here to choose your Web3 domain and then register with Freename.
Step 2: Search Your Desired Domain Name
Once registered, go to Freename Explorer to search your first Web3 domain. Freename enables you to search for both top-level domains (TLDs) and second-level domains (SLDs). It even lets you create a custom TLD.
Step 3: Buy Your Freename Domain
After choosing your domain, go to checkout to make the payment. Don’t forget about the welcome bonus! Use the code “WELCOME” and get 25% off on your first purchase.
Step 4: Mint Domain
After completing the transaction, go back to the homepage and press your profile icon. You will see a drop-down menu.
Select “Domain List” from the menu to see your newly purchased domain. Next to the domain, you can find the “Mint Domain” option. Click on this option.
Step 5: Choose the SEI Chain
You will see a list of all compatible chains to mint your Freename domain. Pick SEI from the list and choose a compatible wallet (MetaMask, Compass of Freename Custody) with sufficient funds.
Finally, press “Confirm Mint” to instruct Freename to transfer your Web3 domain to the SEI blockchain.
Step 6: Refresh the Page
Domain transfer will take a few minutes, and you will get a confirmation message. Instead, you can reload the page after 5-10 minutes to see your newly minted domain on SEI. Now, you can use your Web3 domain in whichever way you want.
Troubleshooting Common Issues
Ideally, the minting process starts in a few minutes. But, as they say, “Prepare for the worst,” you should be well-prepared to face minting-related issues during the process.
Below, we have listed some common issues along with their remedies:
Your Profile Show No Signs of the Domain You Just Bought
Most often, users can’t find their newly minted Web3 domains in their user profiles. While pros know why this might have occurred, new blockchain users can get confused. In this case, you can do the following things:
- Reload your profile page: Often, due to slow browser speeds or longer loading times of some registrar sites, users can’t find their newly bought domains even after waiting for a reasonable period.
We recommend repeating this step a couple more times because, on most occasions, domains show up after a couple of attempts.
- Transaction history might help: If the domain doesn’t show up after 2-3 attempts, you can your domain transaction history and verify that the transaction was successful.
Your Transaction Failed
Sometimes, transactions fail due to insufficient funds in the wallet. Other times, there is either network congestion or the wallet is poorly connected with the chain or the registrar.
Take these precautionary steps to avoid transaction failure:
- Throughout registration and minting, your wallet must be appropriately connected to the SEI chain as well as Freename (your domain registrar).
- Always ensure your digital wallet has sufficient funds to cover the minting costs.
- You may have to raise the gas fees to avoid network congestion during peak times.
Freename has your back while facing these issues and can address all your minting-related queries.
Browser-related Issues
If you’re using a Chromium-based browser, such as Edge, Arc, or Chrome, follow these quick steps to sort things out:
- Open the Phantom extension and go to Settings >> Preferences >> Default App Wallet. Change the Default App Wallet to MetaMask or Compass and refresh the page. Now, try connecting again.
- Keep useful extensions only and disable the unnecessary ones. Deactivate unnecessary or incompatible wallets while minting on SEI.
Further Assistance
If the problem persists, seek expert assistance. Get in touch with Freename with the following details:
- Your SEI wallet address
- The Web3 domain you just bought for minting on SEI
- The details of the problem you’re facing.
Conclusion
SEI is a dynamic blockchain network with groundbreaking technologies and trendsetting features, making it highly scalable for app developers and software solution providers.
Its multi-chain approach allows users to build innovative solutions, while the parallelized interoperable EVM offers seamless integration across Ethereum and Cosmos SDK chains. The network’s open-source infrastructure, user-friendly interface, unmatched processing speed, and reduced transaction costs make it an ideal solution for domain minting.
Similarly, there are a plethora of opportunities in the Web3 and blockchain space, and we invite you to get on board and explore them. You can leverage Freename’s domain registration services to buy and mint your first Web3 domain on SEI.
You will receive all the necessary documentation and support for account creation, domain minting, integration, and wallet management. In addition to SEI, Freename can help you mint your domain on Solana, Base, Polygon, Aurora, and other popular chains.
