Why are traditional domain names becoming obsolete?
NFT domains are the latest craze in the crypto world, allowing users to own unique and valuable digital assets. With the rise of blockchain technology, NFT domains are becoming increasingly popular, and their value is expected to skyrocket in the coming years.
Yes! There is an alternative to traditional domains that is steadily spreading its roots across several operating systems and is poised to become the next big thing on the Internet.
But what exactly is it? Before understanding the new concept, let us first comprehend traditional domains and why they are becoming obsolete.
What are traditional domains?
Traditional Domains are human-friendly addresses for a website that users type into a browser URL to visit, launch, or create. It replaces the traditional IP addresses with human-readable names.
The advent of traditional domains also contributed significantly to the internet's mass acceptance as it became more human-friendly. In simple terms, every website is issued an IP address, the server's location where the website data is stored.
Since it consists of numeric sets of addresses, such as 188.8.131.52, it is computer-memorable and certainly not easy for a human to remember. Can you recognize a website with such an address and recall its content?
No! This is why introducing traditional domains made it easier for humans to communicate and remember a website by its name, ushering a revolution within the space that accelerated the massive growth of the internet and traditional domain services.
Traditional Domains are all websites that use classic domain extensions such as dot-com, dot-net, dot-org, and so on, which are TLDs maintained and hosted by ICANN, the Internet Corporation for Assigned Names and Numbers.
ICANN is a private, non-governmental organization solely responsible for distributing Internet Protocol, aka IP Address, to every traditional domain registered by every user and all other operations involving the space, such as censorship, restrictions, etc.
It is pronounced "eye-can. Therefore, if you upload any content or construct a website prohibited by its laws, the organization would be like: "I CAN remove and block your content," which is why it is named ICANN (kidding).
Coming to point, traditional domains are owned, managed, and controlled by ICANN along with its various operating authorities. So, even if you have the domain in your ID, you do not own it because you are renting it.
Also, because of the many intermediary layers involved in registering traditional domains, it comes with several additional prices and commissions based on the fundamental architecture and hierarchy. You are also paying the rent alongside a heavy registration fee.
This is how ICANN and its various intermediates have managed, controlled, and dictated the traditional domain system in Web 2.0: today's web. It has complete access to our data and credentials and can erase them anytime.
This is why it necessitated the need for a user-first solution. Hence, Quik.com NFT Domains, a user-first alternative to traditional domains focused on user privacy and rights, entered the market with the advent of blockchain technology.
NFT domains by Quik.com: The alternative to traditional domains
Quik.com NFT Domains are human-friendly addresses for any wallet, decentralized technology-based application, or website that replace complex 42-character long computer-generated Blockchain addresses with human-friendly names, altering the space into a human-friendly ecosystem.
- NFT Domains are blockchain-based alternatives to traditional domains, just like how Web 3.0 is to traditional Web 2.0.
- NFT Domains made it easier for humans to adapt to Web 3.0, the internet of tomorrow, in the same way, that traditional domains made it easy for humans to adapt to Web 2.0, the internet of today.
2 core reasons why Quik.com NFT Domains are replacing traditional domains
NFT Domains replaces complex blockchain addresses with human-readable names, enabling human-friendly operations in the decentralized space. It is not just a website-only name like a traditional domain, but it has several qualities and attributes that set it apart, such as:
- You can host a decentralized website using your Web3 domain.
- You can buy, sell, exchange, and also transfer cryptocurrencies and other digital items without complication and errors using your Crypto Domain.
- You can create a digital identity on metaverse using your Metaverse domain.
Here are 2 core reasons why Quik.com NFT Domains are replacing traditional domains:
NFT Domains are censorship resistant
Traditional domains are not censorship resistant and must adhere to the rules and regulations established by their governing authority, ICANN. Traditional domain owners are expected to abide by the guidelines, which will lead to severe consequences.
That could result in the user losing traditional domain ownership, content removal, website blockage, and other common consequences. NFT Domains, on the other hand, are censorship resistant, making them free, independent, safe, and autonomous.
The entire technology of NFT domains is built and established on the blockchain. This autonomous technology respects and prioritizes all rights and ownership of the user's data to the user.
Here, the user controls and manages how much data is to be shared and what data is not to be shared on the decentralized web, not any third-party organization or an application or website they visit on the decentralized space.
NFT Domains are owned forever
When you checkout and transact a traditional domain, first, you go through a lengthy paperwork process and other elements. Later, you must go through the annual fee structure and calculate your expenses; expensive already, UGH!
But as you read the last sentence, you may have already figured out that you are simply renting the traditional name and not owning it.
What's the sense of spending so much money renting traditional domains that also come with annual renewal fees when you don't even obtain ownership, control, or management rights?
However, NFT domains are easily minted, requiring only a crypto wallet and some cryptocurrency to sign and confirm the transaction. It is subsequently transferred to your wallet with complete ownership, control, and management rights.
Furthermore, once you register an NFT Domain, you own it forever and are not bound by the rules or restrictions of ICANN or any other traditional regulatory organization.
Because of its user-first qualities based on its native blockchain technology, NFT Domains are not controlled by ICANN. They are distributed by marketplaces such as Quik.com, which hold no rights or ownership and are only the key to unlocking an NFT Domain.
You can easily buy NFT Domains on Quik.com, connect them to your wallet, and leverage the decentralized features. You can also sell, exchange and transfer these domains anytime, as you “own” them forever with all the rights.
Quik.com have created an environment for developers, creative artists, and even average users to eliminate third-party functions in every activity, whether it's the monetization of rights or autonomy over user data using NFT Domains.
No one ever expected "domains" to become such a utility-driven feature. NFT Domains gave us the vision to imagine and dream for a more privacy-enhanced future, free of centralized and constrained space.
Now that you know everything there is to know about NFT domains and the technology still in its early stages and not fully established, you still have the opportunity to be an early adopter and facilitate the technology.
Mint now and unlock your identity with NFT Domain!