Web3 domains are a relatively new way to build decentralized portfolios, but they are gaining popularity quicker than other options. These domains give users complete ownership of their stored data by replacing wallet addresses with a simplified domain name.
You can buy multiple Web3 domains and use them in different ways to build a diversified portfolio. However, creating one successfully may be challenging if you’re a newbie. You need to learn some strategies to execute your efforts the right way.
For instance, you can create your unique identity or login profile, develop and host Web3 websites, or trade the domains as collectible assets. These are just a few use cases; you can do much more with your Web3 domains.
5 Strategies To Build a Portfolio in Web3 Domains
Web3 domains offer decentralization, data ownership, and robust security. You can use these characteristics of Web3 domains to build a diverse and profitable portfolio.
Here is what you can do with your Web3 domains:
Create a Unique Digital identity
The most apparent use case of Web3 domains is establishing a unique digital identity you can claim as your own. You will have sole ownership and control of the identity, meaning only you can manage and use it across the internet.
With a Web3 domain, you can easily connect your digital identity with your personal information, social media interactions, past employment, etc. In fact, you can even use it as proof of verification online, whether you’re applying for a new job or an academic degree.
Web3 also allows you to restrict who can access what information. This means instead of creating multiple profiles, you can use one profile to apply to a job, degree, or just social interaction. Your social circle won’t be able to access your employment history if you don’t want them to!
Moreover, Web3 domains can replace the large tech companies that collect and exploit user’s data. Since this new technology puts users in charge, they decide how and with whom they want to share their data.
Build a Decentralized Website
Another way to create a portfolio in Web3 is to build decentralized websites. Compared to Web2 domains that require leasing, Web3-based websites give users complete ownership and control over their data. This promotes more robust safety and transparency.
Web3 web hosting is preferred over traditional hosting methods for its low cost, safety, and seamless Web3 access across channels. For these reasons, this type of hosting is becoming increasingly popular among startups, developers, and organizations, primarily for infrastructure scaling and resiliency.
To build Web3 domain websites using a reputable Web3 domain registry like Freename, you can follow these steps:
Step 1: Select a Website Builder
Choosing the best website builder is the first step toward creating a Web3 website. Here are three user-friendly options that can help you get started:
- Carrd. The platform is known for its versatile and easy-to-use features, templates, and customization options.
- Pagy. This efficient platform is ideal for launching projects in no time and hassle.
- Typedream. It is another platform to quickly create websites along with their content, styling, and structure–all with the power of AI.
Step 2: Register and Integrate Web3 Domains
Once you choose a website builder, the next step is to register your Web3 domain(s) and connect them to the builder. With Freename, you can do this easily with any website builder.
The platform offers a list of features, including customizable domain settings and DNS configurations, to make this integration process hassle-free.
Step 3: Manage DNS Settings
The next step is to manage DNS settings for your Web3 domains. As discussed before, Freename comes with a DNS Installer, which allows users to set up and manage their DNS configurations for Web3 domains.
All you have to do is download our DNS installer and follow the on-screen prompts to configure your domain settings. That’s it!
Step 4: Monitor and Optimize
As everything starts working in its place, you shouldn’t just stop there. Instead, keep monitoring your Web3 website portfolio to ensure its stability and security.
This step also keeps you updated about the latest trends so you can avoid brand infringements and digital risks. Not only that, but you can also effectively manage your online presence.
Trade Your Web3 Domains As Collectible Assets
Web3 domains are actually NFTs (non-fungible tokens) that you can trade openly. A couple of years ago, NFTs used to represent the personal information of individuals, but today, they can be linked with literally anything. Even businesses use them to give customers access to products, premium content, or high-profile events.
Similarly, you can use your Web3 domain tokens to build a decentralized portfolio, which can profit you if you get into trading. For instance, you can put up your valuable domains on the open market and then sell them to potential buyers in exchange for currency. Your personal information will remain hidden throughout the transaction.
Use as a Universal Login in the Metaverse
Decentralized applications in the metaverse usually require users to create multiple accounts, such as blockchain gaming. Web3 domains can change this for good by offering a universal login for all the existing and upcoming in the broader metaverse, including decentralized finance (DeFi).
You can use your Web3 domain token as an account. You can decide how much information you want to share with a certain platform or app while maintaining strong control over your account or investment portfolio.
For gaming, you only have to process your token in your digital wallet, and you will have access automatically. There is no need to enter your data manually every time!
Set Up Email Encryption
You can also use your Web3 domains to set up an email encryption system that protects you within your personal email account. It adds an extra layer of security to your Gmail or Outlook accounts by routing new messages through a private email connected to your domain, even before they reach your personal email inbox.
The goal is to send and receive emails more privately. This Web3 domain encryption approach easily filters out spam emails while keeping your email ID hidden via another domain email.
With this strategy for building a portfolio in Web3, you don’t have to trust any third party for email encryption. You will be in charge of your privacy and can change it anytime.
Build Your Portfolio in Web3 with Freename
Web3 domains allow users to build a decentralized portfolio and explore the Web3 world in detail. You can buy multiple domains and use them for different purposes to expand your portfolio.
From building decentralized websites to trading these domains as collectible assets, you can opt for any of the above strategies to kickstart your journey. The right way to create a successful portfolio is going step by step. If you feel your plan is working, you can move on to another and continue expanding your reach.
Building a Portfolio of Web3 Domains: FAQs
Can I buy multiple Web3 domains?
You can buy multiple Web3 domains and build a portfolio in Web3. You can also use them for different purposes, such as establishing your unique, universal digital identity, building decentralized websites, or trading them as collectible assets.
What can I do with my Web3 domain?
You can use your Web3 domain to build a decentralized portfolio of websites and tradable NFTs. You can also use these domains as your unique identity for employment and education or a universal login in the metaverse.
Can a Web3 domain be used as a website?
You can build websites using Web3 domains. These will be decentralized websites, meaning you will have full control and ownership of your stored data and its access. You will also have a robust security system through blockchain technology.
