Understanding Freename Web3 Domains, Use Cases, and Benefits
The internet has become a necessity in today’s world. But it also has a fair share of safety issues, risks, and threats. For many years, we have debated online data safety and privacy. Site owners frequently face the issue of desired domains being taken or too expensive. Even people who purchased domains do not have complete control and ownership over their digital identity. These are just some of the common issues and shortcomings of the world wide web.
But with blockchain technology, the internet is slowly evolving from Web2 to Web3. This new web version aims to make the internet decentralized and more transparent through unique solutions. One such solution is Freename.io – a growing platform that offers Web3 TLD domains.
Read on to learn more about Freename Web3 domains, how it’s revolutionizing the internet as we know it, and its use cases for both Web3 and Web2.
What are Web2 and Web3?
Web2 is the internet we use today, allowing people to freely share information, create and publish content, interact, and collaborate with other user-generated content. Web3 is the concept of the next version of the internet, one that is decentralized through blockchain technology. In doing so, it can remove the control of centralized authorities over the internet.
What is Freename?
Before we learn more about Freename, let’s talk about TLDs. A top-level domain (TLD) comes after the dot (.) of a website’s URL. We already know that .com is the most prominent TLD in Web2. Then there are other well-known ones like ‘.org’ and ‘.edu’ and country-specific TLDs like ‘.uk’ or ‘.in.’
But all these domains are governed by one centralized body – the Internet Corporation for Assigned Names and Numbers (ICANN). On the other hand, Freename offers TLDs that are powered by blockchain technology. It allows users to mint new Web3 domain names and gain complete ownership. Some Freename TLDs include .metaverse, .moon, .chain, .young, .free, and .token.
Use Cases of Freename Domains in Web3 and Web2
Why are Freename domains a big deal, and what are their use cases? Let’s find out.
Total Control and Ownership
Since ICANN has authority over all TLDs, you can never fully own a domain name even though you have purchased it. In a sense, all domains are ‘leased,’ and you have some control over them only for as long as you have paid for them. However, with Freename.io, they will fully own the Web3 TLDs minted by users.
This has a wide scope of applications, especially for businesses. Their own Web3 TLD gives organizations complete freedom and control over their domain. That means you will never worry about ICANN or any other authority taking down your website and online identity.
Reduced Costs and Passive Income Source
Domains purchased through Freename require a one-time payment, after which it is yours forever. Without recurring fees, it’s significantly cheaper to own a TLD domain with Freename instead of buying (rather, leasing) a domain name governed by ICAAN.
Freename also offers royalty income to domain owners whenever another entity uses its TLD. That means individuals and organizations can mint and register their domains on Freename and turn it into a source of passive income. One can even sell their domain on any other marketplace, so the domain serves as an asset.
Create Your Own TLDs
Another exciting application of Freename Web3 domains is that it allows anyone to create their own TLD. It eliminates the need to purchase domains from other registrars. Instead, anyone can become a registrar with Freename. Not only is this convenient, but it removes many other hassles of traditional domains, like not getting a desired domain due to it being taken or extremely high cost.
Decentralization of Digital Identity and Online Activity
The internet is already free and open, as anyone can post online. But it’s not completely free from control. As mentioned earlier, ICANN still holds authority over all TLDs, and certain regulations allow your posts or even your entire website to be taken down by higher authorities.
Since Freename TLDs are based on blockchain technology, they are not controlled by any regulatory body. Such a decentralized system can revolutionize the web as we know it!
Manage Web3 Whois Information
Freename also provides a Web3 Whois platform, where people can check the information of any Freename domain. You can even check for wallet addresses and see if it’s associated with any specific domain or TLD.
Web3 Mail
Your Freename domain will also serve as your email address. And since it can also be connected to your wallet, it allows wallet-to-wallet communication. This makes your emails a lot more secure, and of course, it’s highly convenient to connect your domain, payments, and mails.
Browser Extension
Freename comes with its own browser extension that lets you access features like Whois info and Web3 Mail straight from your browser. The extension lets users surf the internet and access Web3 domains by directing them to Web2 websites.
Website Builder
Users can also build entire Web3 websites with Freename by integrating with Eternal Digital Assets (EDA) platform. So not only can you mint and own Web3 TLDs, but you can also set up a complete Web3 site. The best part is that it’s a simple visual website builder with a user-friendly interface.
Web3 Video Conferencing
Huddle, a decentralized, peer-to-peer video conferencing platform, has also collaborated with Freename. This partnership allows users to host and join Web3 video conferences directly with their Freename domain. It’s an exciting solution for businesses to boost communication with teams.
Privacy and Security
Blockchains are known to be incredibly resilient, secure, and extremely difficult for cybercriminals to exploit. That’s why Freename domains are highly secure and limit data sharing, thus protecting user privacy much better than traditional domains. Freename TLDs can also be used as crypto payment addresses, so other entities can easily pay you in crypto using your domain. It’s an excellent solution for making secure transactions.
Summary
These use cases of Freename domains have huge benefits in various areas – digital freedom, identity, ownership, privacy, and security. But it’s still a work in progress, and the future of the web seems promising with the rise of Web3 TLDs. Therefore, now is the best time to acknowledge the power of Freename domains and gear yourself for the Web3 evolution.
