Why Choosing SEI for Minting on Freename

Why choosing SEI for minting on Freename

Want to mint your digital assets? Freename can help you get started. It is a one-stop shop for digital asset minting, domain name resolution, TLD trademarking, and much more. The Freename ecosystem comprises several different networks where you can mint your digital assets with enhanced security.

If you want to mint digital assets, like Web3 domains, you need a robust blockchain network that promises high transaction processing speeds. The blockchain’s ability to finalize significant volumes of transactions in quick succession helps you save gas fees on minting. If you’re looking for options, try digital asset minting on SEI. 

What is SEI? Launched in August 2023, SEI is a high-performance blockchain network that ensures speedy block processing, facilitating market makers, traders, developers, and other end-users. The latest upgrade, SEI v2, boasts a parallelized EVM with Twin-Turbo consensus and an optimized SeiDB. These features make SEI a dynamic blockchain that matches Solana’s speed and scalability and Ethereum’s top-notch integration and security.

SEI enables users to explore the Cosmos SDK and Ethereum ecosystems and deploy contracts and tokens from other blockchain environments to the SEI ecosystem without a hassle. The blockchain’s unparalleled transaction processing speed, scalability, and enhanced security make it an ideal platform for digital asset minting. 

Why Choose SEI for Web3 Domains

Let’s analyze SEI’s features, such as scalability, security, interoperability, speed, etc., and see if it is worth minting on SEI.   

Scalability

SEI sets high future projections, featuring the latest technologies and advancements, for example:

  • It offers an interoperable EVM with 100x performance improvements. 
  • SEI follows the dPoS protocol, a Twin-Turbo consensus mechanism that ensures consistently low processing speed, even during peak times. 
  • Finally, the SeiDB offers enhanced read/write capability and supports multi-thread access. 

These technologies facilitate a Web2-like experience, making SEI highly scalable for both users and creators. It can accommodate large transaction volumes while keeping transaction fees low and affordable for the users. Moreover, the network allows users to execute existing and new projects without congestion. 

Speed

SEI is capable of processing more than 22,000 orders per second. With over 5,000 transactions per second (TPS) and a theoretical TPS of 12,500, it is one of the fastest networks. 

On top of that, SEI’s transaction time to finality (TTF) of 0.4 seconds is way better than any other blockchain network. These speed metrics make minting on SEI more feasible and viable. 

  • Speed allows developers and creators to launch their applications and NFTs faster. 
  • A high-speed network offers improved UX; hence, onboarding Web3 users becomes easier.
  • Trading platforms, such as Automated Market Makers and DeFi exchanges (DEXs) rely on fast processing, block time, and finalization speeds to be able to update block prices in real time.  

Security

SEI sets strict standards to ensure the network’s safety and security. The PoS protocol allows delegators and validators to participate in governance and decision-making to strengthen network security. This dual support, along with SEI-supported provisions, helps immunize the network against potential cyber threats. 

For example, SEI compels validators to implement best security practices, such as:

The network leverages Price Feeders for fair pricing of digital assets to maintain decentralization and transparency. Its native price oracles prevent unfair pricing or malware attacks. Security features remove doubts among network users, ensuring that their digital commodities are safe. 

You can maximize the security of your digital assets by minting them with Freename. The platform offers robust security measures to protect your digital assets. These include:

  • Periodic audits of smart contracts and infrastructure
  • Third-party audits, such as penetration testing, dependency checks, and codebase analysis
  • 24/7 monitoring and accident response with tools like Sentry and Snyk
  • Adherence with NIST guidelines and OWASP best practices, guarding against cyber security threats
  • Protocols for authentication, authorization, API key management, API gateway security, etc.
  • Multi-cloud structure
  • Implementations related to data protection and privacy.

Cost Efficiency

In Web3, gas fees or transaction fees hold more value than other factors. In general, users consider gas fees one of the critical metrics for determining whether a blockchain is worthwhile. 

The gas fees is the amount paid per unit of gas used when a transaction is executed. Users set the gas price, which is used to calculate the cost that validators will receive upon finalization. 

Gas Fees = Gas Price x Gas Limit

Several other factors, such as block time, average transaction time, block size, etc., may impact the gas fees. A higher transaction processing time means that the user has to spend more on the transaction.

A typical EVM is not efficient enough because of sequential transaction (non-optimistic) processing. On Ethereum Layer 1, it cannot perform better than 20 transactions per second (TPS). Because of the slow speed, users have to spend hundreds of dollars for simple transactions. This is where SEI is a game-changer.

SEI v2 EVM follows optimistic parallelization, executing multiple independent transactions simultaneously. As a result, the network is able to finalize them much quicker. Considering SEI’s throughput and transaction finality speeds, users can set lower gas prices and save more on online transactions. 

With Freename, you can unlock a massive network across the globe. The wider the network, the higher the processing speed, hence lower gas fees. 

  • For creators, a vast network would mean a quick and cost-effective way to build and deploy dApps on chain.
  • For other users, it means they can get SEI tokens (or other coins) within seconds.   

Unique Features of SEI

Many features set SEI apart, making it a top choice for digital asset minting. It is aligned with modern-day requirements, ensuring hassle-free transfers and extended support for its users. 

User-Friendly Interface

SEI’s interface promises a Web2-like experience. The user-friendly interface allows users to explore the entire SEI ecosystem, giving access to features like: 

  • SEI Bridge: This tool is interoperable across Wasm and EVM chains. It offers a user-friendly interface that renders seamless asset transfers across blockchains. 
  • SEI Explorer: Users can get insights into the SEI’s Testnets (atlantic-1 and atlantic-2) and Mainnet (pacific-1). The explorer provides real-time information related to daily, weekly, or monthly transactions and aids users with other valuable resources as well. 
  • Stake SEI: Meant for overall blockchain security, this tool enables validators and delegators to contribute in governance and decision-making.

A user-friendly interface is vital for interactive usage and learning, especially for beginners. Plus, added documentation and support help experienced users harness the blockchain’s true potential. The aim is to deliver a seamless experience, which, in turn, ensures growth and sustainability. 

Interoperability

SEI’s dual environment supports both Ethereum Virtual Machine (EVM) and Wasm ecosystems. The interoperable EVM facilitates existing developers in the Ethereum environment to deploy their projects and contracts with no major changes. 

  • By leveraging Ethereum-compatible tools, like HardHat and Foundry, developers can deploy their projects on SEI.
  • SEI users are able to interact with Ethereum and Wasm ecosystems and transfer their projects with ease. 
  • SEI offers 100x performance improvements to existing EVM. 

Multi-chain interoperability is crucial for digital asset minting, especially NFTs and Web3 domains. It facilitates users to explore opportunities to establish a digital portfolio across different chains. 

In this context, Freename can help accelerate your digital asset growth. The platform supports all EVM and non-EVM chains, giving you a massive pool of resources to explore.  

Getting Started with Minting Web3 Domains on SEI with Freename 

The SEI network is compatible with the Ethereum and Solana chains, so it is automatically added to Freename’s integration list. This means you can easily migrate your Freename or other Web3 domains to the SEI network. 

Freename’s multi-chain compatibility and SEI’s interoperable EVM will make it effortless to shift existing Web3 domains and start minting on SEI. Other significant benefits include: 

  • Freename’s user-friendly interface allows you to buy a domain within minutes.
  • Registering with Freename is “as simple as that”. Just visit the website, supply some basic information, and you’re done.
  • After registration, you move to the domain minting phase in just a few clicks. The process is seamless.
  • Minting and transaction costs on Freename are relatively lower than those on other Ethereum- and Solana-compatible platforms.
  • Freename’s added security and vast pool of resources will make minting on SEI safer and quicker.

Conclusion

Minting on SEI through Freename offers a lot of benefits. SEI is scalable, quick, highly secure, and cost-efficient. Freename is a leading platform for domain names and digital asset minting. It offers every kind of assistance, from onboarding to managing your portfolio, and protecting your digital assets from potential threats. 

On the other hand, SEI boasts a user-friendly interface, a crucial feature for both new and experienced users. Plus, its interoperability allows you to port domains, tokens, and other digital assets across various blockchains. More importantly, you get lots of integration options for a seamless experience. 

It’s time to elevate your presence in the Web3 space with Freename and SEI. Unlock the power of SEI for your Web3 domains on Freename today. To optimize your digital asset potential, you can also explore other compatible chains, such as Solana, Polygon, Aurora, or Base.

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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.

Ask Away!