Why Everyone Should Have a Web3 Domain in 2023
Blockchain technology continues to revolutionize various industries and transform the digital world. Now it is also changing the internet with the rise of web3 domains, paving the way for a decentralized and highly secure internet experience built on the blockchain infrastructure. And now is the perfect time to buy your web3 domain to embrace the future of the internet.
Whether you’re a tech enthusiast, entrepreneur, businessperson, or simply a curious netizen, here are some compelling reasons for everyone to have a web3 domain in 2023.
Reason to Have a Web3 Domain in 2023
Permanent digital ownership
The primary goal of the web3 domain is to decentralize digital ownership. You can never truly own a traditional web2 domain. Top-level domains (TLD) like .com, .net, .org, etc. are all owned and regulated by a single centralized authority – the Internet Corporation for Assigned Names and Numbers (ICANN). And even the second-level domains that you purchase are leased, not owned. You buy a domain name for one or more years. Then when that period expires, you have to pay to renew your ‘ownership.’ The day you stop paying, the domain will no longer be yours.
However, web3 domains are under your complete ownership once purchased. And not just second-level domains, but you can even buy and own TLDs on web3. Pay once, and they’re yours, forever.
Affordable and cost-effective
Since web3 is still in its infancy, many web3 domains are available for super low rates. Many domains are available for as low as $5 and $10. And as we already explained earlier, you only pay once to gain full, irrefutable domain ownership. So not only are web3 domains very cheap at the moment but also extremely cost-effective with no recurring charges. Of course, as web3 gains more popularity and global recognition, the demand for these domains will rise, and so will their rise. That is why it’s best to buy now with low prices.
Building upon the previous point, as web3 domains become the internet standard in the future, every business and even individuals will be looking to purchase such domains. They will be in high demand, and their value will greatly increase in the future. So it will still be an excellent investment even if you don’t plan to do anything with a web3 domain. Buy them now for cheap, hold onto them for some years, and at some point, you can sell them for a good amount when the value of your web3 domain goes a lot higher.
Valuable digital asset
For businesses and professionals, a web3 domain is a valuable digital asset. Companies can own TLDs that reflect their brand name, and even people like freelancers and individual service providers can create their own digital identity with their domain. You can build a professional website on your web3 domain that is 100% under your ownership. Web3 domains can even be used to set up a complete digital workspace with its own decentralized business and collaboration apps ecosystem. Crypto wallets and even web3 email services can be integrated with your domain.
So unlike traditional domains, a web3 domain is useful for more than just a website. It serves as a multifunctional digital asset for any business.
Long-term income source
Web3 allows you to purchase TLDs and become a domain registrar. That means you can let other users purchase second-level domains under your TLD, and every time someone buys a domain with your TLD, you earn royalty commissions. So if you own one or more TLDs, they can be used as a long-term, passive source of income.
Web3 is powered by blockchain technology, and as we already know, blockchain is extremely secure. Instead of storing data on centralized servers, it is distributed over a network of nodes, making it virtually impenetrable to traditional cyberattacks and unauthorized access. With rising concerns over data breaches, identity theft, and online privacy violations, web3 domains offer a much-needed solution to safeguard personal information and digital assets. These domains give users complete control over their data, ensuring it remains encrypted, immutable, and tamper-proof.
Get Your Web3 Domain Today with Freename
When you buy a web3 domain, it’s permanently yours and can serve as an investment, business asset, digital identity, and even a source of regular income. And many web3 domains are very cheap, as they are still not widespread and in demand. That is why there’s no better time than now to buy a web3 domain.
If you’re ready to own a web3 domain in 2023, Freename is your one-stop destination. Explore countless web3 domains on Freename and get yours today to join the internet revolution.