Years ago, the world was obsessed with .com domain names. Now, attention is turning to NFT domains that offer much, much more.
An NFT domain marketplace has announced that it's allowing a plethora of premium extensions to be minted — including .metaverse, VR, and .chain.
Quik.com says the arrival of these new domain names gives consumers and projects the chance to get their hands on highly desirable, memorable addresses.
But while they may look like run-of-the-mill web URLs at first glance, the marketplace says they actually offer much, much more.
Not only can they simplify crypto transactions by eliminating lengthy alphanumerical wallet addresses — long strings of letters and numbers that can be prone to typos — these domains can also be used as a universal username across Web3, whether you're in a game or a virtual world.
Complete ownership eliminates the risk of centralization or censorship, and it's also possible to build websites on top of these domains too.
Quik says all of these compelling use cases will be realized once the platform's Chrome extension launches, and it's expected to hit the market by the end of the year.
Such personalized domains are set to become the bedrock of Web3 — a world where tech giants are bypassed, and control of data is returned to users.
And not only will these usernames provide a crucial identifier in our online lives, but they'll also serve as crypto wallets where we can safely store our digital assets.
Better still, the extensions on offer don't end here — with .metaverse, .chain, .VR .doge, .shib, .bored, .web3, .btc, .address and .i available, too. Collectively, this gives users the freedom to have a domain that aligns with the cryptocurrencies or technologies they most believe in.
Quik says the process of minting or purchasing an NFT domain is both quick and hassle-free. They're stored on the Ethereum blockchain, meaning they're free from centralized entities such as ICANN.
Users can log in or sign up for an account on Quik.com, using their MetaMask or another mobile wallet. From here, they can search for their desired username — and advance to complete a transaction.
Of course, the world of NFT domain names can be incredibly competitive, meaning particular names or one-word addresses are snapped up quickly.
If a preferred address isn't available, Quik's systems offer a range of alternative suggestions — enabling you to find the perfect one.
After you've approved the transaction in your own wallet, it gets verified on the Ethereum network. This means you won't have to wait too long before the NFT domain appears in your profile, ready to be used however you see fit.
Quik is regularly unveiling new domain names on a regular basis — and offers a countdown to upcoming launches so users can be among the first to get their hands on premium titles first.
A vibrant marketplace also means you can explore the domains that other users are selling — with top picks for short and crypto-related usernames shared on the Quik homepage.
In the not-too-distant future, decentralized websites are going to play a bigger role in our online lives — potentially forming a crucial part of our identities.
And Quik's vision is simple: to deliver transparency and enable anyone to list, sell and buy these digital goods with ease.
And whereas domains need to be renewed on an annualized basis, anyone who obtains a Quik domain will own it forever — with all of their fees paid upfront.
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They'll also have the option to sell it through a devoted marketplace in the future if they so wish.
Once, there was a race to snap up the most memorable .com domains. Now, all eyes are on the most coveted usernames in the blockchain, and Quik is opening the door to them all. (Cointelegraph)