The domain name market has completely revolutionized, and conventional domain names are no longer in demand. The centralization of the conventional domain name market has led to its downfall. The creators and businesses need less involvement from any third-party entities.
Moreover, such entities tend to control people’s activities and lead to data hazards like leaks and privacy invasions. Thus, the trend of unique and revolutionary domain names such as NFT domains and ENS has begun.
Quik.com and ENS are the two NFT domain projects in the market set to revolutionize the domain industry. These projects focus on the importance of domains designed to do more than one can ever imagine.
Nevertheless, Web 2.0 has not addressed its potential, and this hidden gem is left undiscovered. These two projects are designed to reach the same goals and offer various advantages.
Blockchain technology has become the greatest blessing in today’s time since it offers so much. It provides better security and privacy to the users, gives a decentralized space to the creators, and builds trust due to anonymity. This unique technology has impacted almost every sector, starting from the entertainment industry to finance and gaming.
Therefore, an NFT domain or Non-fungible token domain is nothing but a decentralized domain for futuristic businesses and creators. They are available in .metaverse, .blockchain, and .vr TLDs.
They have a variety of names- crypto domain, blockchain domain, decentralized domains, etc. NFT domains are next-generation domains since they compensate for all the factors not provided by Web 2.0 domains.
NFT domains are a one-time purchase, and you don’t need to rent them out with renewable plans every month or year. You can explore domains in .metaverse, .blockchain, and .vr TLDs. Moreover, these domains are 100% owned by the users. The domain provider can’t censor or use your domain ever!
Here’s a brief contrast between Quik.com and NFT domains and how they benefit its buyers in the long term.
Quik.com
Quik is a next-generation NFT domain marketplace designed to provide various great domains. It provides unique domains such as .vr, .blockchain, and .metaverse TLDs to keep your network private and safe. Moreover, their domains are a one-time purchase, so no more renewal plans for life!
For example, consider a platform where usernames in a social media account such as cryptocurrency addresses and personal domain name extensions are stored in a blockchain. For example, consider a country where usernames in a social media account, such as cryptocurrency addresses and personal domain name extensions, are stored in a blockchain.
ENS or Ethereum Name Service
The ENS token was created on the Ethereum blockchain and can be sold in most markets. However, it is often used by members of the ENS community to tell how the organization should be changed in the future.
For example, owners of ENS tokens can vote for the ENS Constitution, vote, and set rules and regulations on how the DAO should be governed. Each ENS token will count one vote, with 67% required for the title to pass.
Moreover, the ENS domains work with the second domain zone, .eth or .luke extensions. Like Quik, ENS operates and works, and they work like the conventional DNS servers where the website tracks the IP when the users search for domains. However, ENS uses smart contracts, and in return, this reduces the usage of personal billing and long transaction procedures.
However, ENS domains expire and need regular renewal. Thus Quik provides more convenient domains as it is a one-time purchase.
Source :- https://timesnext.com Author :- Ananya Dubey and Dhriti Choudhary Date :-April 15, 2022 at 03:27PM