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What is minting?

What is Minting?

Blockchain technology has redefined how digital assets are created, owned, and transferred. One of the most significant innovations in this space is minting: the process of recording a digital asset permanently on the blockchain. In the case of domain names, minting transforms them from a centralized database entry into a fully owned, blockchain-registered asset that users can control, transfer, and monetize without intermediaries.

While traditional domain names are leased from registrars, blockchain-based domains are minted, meaning they exist permanently on-chain, immune to censorship and centralized control. Understanding how minting works, the benefits it provides, and the blockchains that support it is crucial for those looking to secure their digital identity in Web3.

Minting Meaning and How Does it Work?

Minting is the process of converting a digital asset, such as a domain name, into a blockchain-based record. Once minted, the domain becomes an immutable, verifiable, and transferable on-chain asset. Unlike traditional domains that require renewal fees and rely on centralized systems, minted domains are stored directly on the blockchain, ensuring long-term ownership and security.

Steps Involved in Minting a Domain

  1. Registering the Domain – The domain name is first purchased through a marketplace like Freename.io, where users can buy either Second-Level Domains (SLDs) or Top-Level Domains (TLDs).
  2. Selecting a Blockchain – Users choose a blockchain network that supports domain minting. Each blockchain offers different benefits in terms of speed, cost, and decentralization.
  3. On-Chain Minting – Once purchased, the domain can be minted onto the blockchain. This process records the domain in an immutable ledger, associating it with the owner’s crypto wallet.
  4. Finalizing Ownership – After minting, the domain is fully controlled by the wallet owner. It can be used for crypto payments, decentralized websites, or resold on blockchain marketplaces.

Once a domain is minted, it can no longer be altered, making the selection of the right domain name crucial. It becomes a unique, verified asset on the blockchain, enabling self-sovereign digital identity and ownership without reliance on third parties.

What Blockchains Support Domain Minting?

Several blockchains allow users to mint and store domain names, each offering different levels of speed, cost efficiency, and ecosystem compatibility. Below are the blockchains that currently support domain minting and those coming soon.

Blockchains Freename Supports Today

    1. Binance Smart Chain (BSC)
      Binance Smart Chain (BSC) is a blockchain developed by Binance that enables decentralized applications (DApps) and low-cost transactions. It extends Binance Chain’s capabilities, using Proof of Staked Authority (PoSA) consensus for fast block times. BSC is Ethereum-compatible, allowing seamless interaction with Ethereum-based applications, and uses Binance Coin (BNB) for transaction fees.

    2. Aurora
      Aurora is an Ethereum-compatible blockchain that improves scalability and efficiency. It utilizes a consensus mechanism that combines delegated proof-of-stake (DPoS) and Byzantine fault tolerance (BFT) to increase transaction speed while maintaining security. It is a strong choice for minting domains due to its high performance and low gas fees.

    3. Polygon
      Polygon provides a fast and cost-effective alternative to Ethereum, making it ideal for domain minting. With low transaction fees, high throughput, and an extensive ecosystem of decentralized applications (DApps), Polygon is widely used for NFT and Web3 domain registrations.

    4. Solana
      Solana is a high-speed blockchain designed for scalable applications. It supports extremely low transaction costs and near-instant processing, making it a strong option for domain minting. However, the network has faced periodic downtimes, which should be considered when choosing a blockchain for long-term asset ownership. (Read more about our partership with Solana)

    5. Base
      Base is a Layer 2 blockchain built on Ethereum, designed for high-speed and low-cost transactions. Developed by Coinbase, it offers full Ethereum Virtual Machine (EVM) compatibility, allowing seamless integration with Ethereum applications and smart contracts.

    6. Sei
      Sei is optimized for high-speed transactions and financial applications, ensuring efficient order execution. While still in its early stages, its focus on performance and security makes it a strong emerging player in domain minting.

    7. Etherlink
      Etherlink is a scalable, EVM-compatible blockchain optimized for fast transactions and NFT minting. It provides enhanced security and performance compared to Ethereum while maintaining full compatibility with existing smart contract ecosystems.
    8. Chiliz
      Chiliz is a blockchain focused on sports and entertainment, widely used for fan tokens and NFT applications. Built on an EVM-compatible framework, Chiliz offers fast transaction speeds and low fees, making it an emerging player in Web3 domains. Its strong partnerships with sports clubs and entertainment brands provide unique integration opportunities for blockchain-based digital identities

Blockchains Coming Soon to Freename

  1. Near Protocol (Coming Soon)
     Near is a highly scalable and developer-friendly blockchain known for its low fees and high transaction speeds. Its sharding technology ensures efficiency, making it a promising choice for domain minting.

  2. Avalanche (AVAX) (Coming Soon)
     Avalanche is a high-speed blockchain with sub-second transaction finality. It provides strong security and supports custom subnet creation, making it a flexible option for minting blockchain-based domains.

  3. Ethereum (Coming Soon)
     Ethereum is the most established blockchain for NFTs and smart contracts. While gas fees are high, Ethereum offers robust security and extensive adoption, making it a top choice for Web3 domain ownership.

  4. Cronos (Coming Soon)
    Cronos, backed by Crypto.com, is designed for interoperability with Ethereum and Cosmos networks. It offers low-cost transactions and strong NFT support, making it an attractive choice for domain minting.

With these upcoming integrations, Freename users will soon have an even broader range of blockchains to choose from, ensuring they can select the best option based on their needs.

The Difference Between Buying and Minting Domains

Many users assume that purchasing a blockchain domain means it is immediately recorded on-chain. However, there is a difference between buying and minting a domain.

  • Buying a Domain: When a user buys a domain on Freename.io, the transaction is recorded in Freename’s system but not yet stored on the blockchain.
  • Minting a Domain: Once a domain is minted, it is permanently transferred to the blockchain, making it a fully owned and verifiable asset in the user’s crypto wallet.

After minting, users can transfer, resell, or integrate their domain with Web3 applications. Additionally, we allowsweFreename.io allows users to earn passive income by collecting royalties from registrations under their minted Top-Level Domains (TLDs).

Choosing the Right Blockchain for Minting

Each blockchain has unique advantages and trade-offs that should be considered before minting a domain. Here is a quick comparison of some of the key options:

Blockchain Pros Cons
Aurora Low gas fees, EVM-compatible, high-speed transactions Smaller ecosystem than Ethereum
Binance Smart Chain (BSC) Fast transactions, low fees, strong DeFi ecosystem More centralized than other chains
Polygon Low fees, high scalability, strong NFT adoption Occasional network congestion
Solana High-speed transactions, minimal gas fees Network instability, centralized validator structure
Base Built on Ethereum’s Layer 2, low fees, backed by Coinbase Still growing, smaller ecosystem
Sei Optimized for financial applications, high-speed transactions Limited adoption in broader NFT spaces
Etherlink Fast transactions, improved scalability, EVM-compatible Early-stage network, limited awareness

Selecting the right blockchain for minting depends on factors such as transaction speed, cost, decentralization, and network stability.

Choosing your Domain

TLDs (or SLDs) can only be minted once. You must choose their domain carefully because it cannot be changed. Choosing a domain name should depend on the reason a user is buying a domain.

If you are TLD investing or domain flipping, you should consider what domain you believe will be in high demand later. On Freename.io for example, you may purchase a TLD for $50 and earn royalties whenever someone registers a domain on your TLD. However, if no one wants to register a domain, then it won’t be a profitable investment. The same applies to domains where you won’t be able to resell a domain that nobody wants to buy.

If you are aiming to create a Web3 identity or brand yourself. Then you should consider choosing a name that people can easily read and write. Your name should communicate your brand or style effectively.

Minting your Domain on Freename.io

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

  1. As soon as you open up the Freename.io website, a search option will appear. Enter the TLD (or domain) that you wish to buy.
  2. If the TLD (or domain) is available add it to the cart. If the TLD (or domain) is protected it means it has been associated with a brand, organization, or notable person.
  3. Once it has been added to the cart, click on go to checkout.
  4. You will be required to create a Freename.io account, after which you can purchase the TLD (or domain) with a cryptocurrency or credit card.
  5. Once purchased go to the “portfolio and incomes”, where will have the option to mint a single TLD (or domain) or in bulk.

Minting may seem confusing at the start, but it is easy to do. Minting your own Web 3 TLD will help build your identity in this rapidly expanding industry. Freename trademarks further empower users by juridically protecting their Web 3 TLDs and Logo, worldwide.

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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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