5 Strategies To Build a Decentralized Portfolio with Web3 Domains

Web3 Domain Portfolio Strategies

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.

            Read our guide on how to use a Web3 domain and discover what to do with it!

            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.

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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!


            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!

            Fill in the form to Apply

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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!