Web 3

How web3 will protect your digital identity in the metaverse?

Web3, also known as the decentralized web, is a term used to describe the next evolution of the internet. It is a vision of a future internet where users have more control over their data and online interactions and where decentralized technologies such as blockchain play a central role.

What is a digital identity?

One of the critical features of web3 is the ability for users to protect their digital identity. In the current internet, our online identities are often tied to centralized entities such as social media companies or government-issued identification documents. This means that our personal data is at the mercy of these entities and can be easily misused or even stolen.

In contrast, web3 technologies such as blockchain allow for the creation of decentralized digital identities that are owned and controlled by the user. These digital identities can be used to interact with a wide range of online services, from social media and gaming to e-commerce and financial services.

One of the most exciting developments in the web3 ecosystem is the emergence of non-fungible tokens or NFTs. NFTs are a particular type of digital asset that is unique and cannot be replicated. They often represent unique digital items such as collectibles, art, or virtual real estate.

NFT domains are a specific type of NFT that represent a unique and unmodifiable web address. This means that users can own and control their own web domain without relying on centralized domain registrars.

The use of NFT domains in the web3 ecosystem has the potential to revolutionize the way that we interact online. By owning our own web domains, we can have greater control over our online presence and protect our digital identity from being misused or stolen.

Here are some of the most common questions and answers about NFT domains and their role in protecting our digital identity in the metaverse:

Q: What is a digital identity, and why is it important?

A: A digital identity is the online representation of a person or entity. It can include personal information such as name, age, and location, as well as more complex data such as biometric information and social connections. Digital identities are essential because they are the foundation of our online interactions, and they are often used to access a wide range of services and information.

Q: How do NFT domains protect our digital identity in the metaverse?

A: NFT domains allow users to own and control their own web domain. This means that users have full control over the content and information that is associated with their web domain, and they can use it to create their own online presence. By owning their own web domain, users can protect their digital identity from being misused or stolen by centralized entities such as social media companies or government agencies.

Q: How do I create and manage my own NFT domain?

A: Creating and managing an NFT domain is relatively simple. First, you need to purchase an NFT domain from a marketplace or platform that supports them. Then, you can use a wallet or other tool to manage and transfer your NFT domain. Finally, you can use your NFT domain to create your own website or online profile and control the information that is associated with it.

Q: Are there any risks associated with using NFT domains?

A: Like any other technology, NFT domains come with their own set of risks and challenges. For example, the lack of regulation in the NFT space can make it difficult for users to protect their digital assets from fraud or theft. Additionally, the high cost of some NFT domains may make them inaccessible to many users. However, these challenges are being addressed by the web3 community.

NFT Domains

Are NFT domains indexed by Google?

Are NFT Domains indexed by Google? This is a very common and reasonable question regarding how NFT domains work.

Let’s explain how crypto domains and search engines work together.

Are Non-Fungible Token domains being indexed by Google?

The short answer here is straightforward: No. Or, at least, not yet. The reason behind that is that since the crypto domains or Ethereum address extensions like eth domains or crypto domains are not recognized as top-level domains by the Assigned Numbers Authority IANA. This authority manages the first-level domain and IP address assignations, and major search engines will not index them.

This situation implies multiple things; for example, it will be harder for users to access content under one of those blockchain domains. Users can’t simply Google the content they want to access if it uses an Ethereum domain name.

Is important to remember, as we explained in the following post: how to buy NFT domains? They didn’t create NFT domains for use as traditional domains, ex: use as a domain for your website, so achieving this would need further changes to how the whole Internet works.

NFT Search Engines: NooFT

The Internet is constantly evolving, adapting to new technologies and how the users want to use them. One of the best recent examples is the creation of new NFT search engines. Following the same principles as any other search engine, for example, Google, NFT Search Engines index nft domains and allow search content stored in the blockchain. So, in the near future, we will be able to find content within a public blockchain.

The first known NFT search engine is NooFT combining this searching capability with others like marketplaces. At this moment, NooFT is just a project, but they will release the first beta version by the end of 2022.

So we hope for a great future for all the technologies related to NFT and blockchain in general, but this is pretty exciting for NFT search engines. Maybe we will need to change the answer to whether Google indexes NFT domains?

And always remember, if you are one of these people buy nft domains, we always recommend using Unstoppable Domains.

NFT Domains

How to make money with NFT domains

First of all, are people really making money with web3 domain names? If so, how can you make money with NFT domains too? Let’s face it.

How to make money with domains?

Let’s be clear, speculating with domain names is something almost as old as the Internet. The same way you can buy real estate or land property and flip it for a profit the same occurs with domain names. Good examples of that are which was sold for the mind-blowing amount of $827M. Yes, you are reading it right. But there’re dozens of examples of “traditional” domains that were sold by +10M USD. But the business doesn’t stop here. The options are endless: register new domains and sell them, buy domain names and word on them to bring in some traffic to increase their price, buy and resell expired domains…

Out there are several companies that this is their business model. And almost all of the domain name registrars offer domain flipping services, domain brokerage, escrow services…

Make money with NFT domains too

If you are reading this, you’ll probably know that NFTs were created to make a profit. And with all the mentioned before about domain names, it’s obvious that NFT domains name can make more money easier. If you want to know more about what are or how to buy them, I’ll love our article on how to buy NFT domains.

The way is even simpler. When you bought an NFT domain such as .eth or .bitcoin domain name, you already own a property registered in the blockchain. So, the same way any other NFT is sold for a profit on sites like OpenSea, like bored apes, for instance, you can sell your own NFT domain name. This is how you can make money with NFT domains. Simple as that.

How to sell NFT domain names with Unstoppable Domains or OpenSea

Once again, EZ. NFT domains are sold exactly the same as any other NFT. You only need to link your wallet before. Then, go to OpenSea marketplace, head to Sell and select the NFT and its price.

From here, there is a process called minting, a term very used in the NFT ecosystem. Mint is the process to “upload” an NFT to the blockchain so you can sell it. If you want to take step by step process, I’d recommend you go to the following link.

Unstoppable Domains offer Premium NFT domains selections with the very best premium NFT curated for you. Ready to buy to make a profit from them or simply flex them on the social networks. It’s up to your swag!

Know more about NFT domain name profit possibilities

One of our favorite YouTubers, Matt Garcia, made an awesome video with deep research on what was the best-selling premium NFT domain names. But not only that, he analyzes the reasons behind it, so you can take an invaluable knowledge. I really encourage you to watch it. This is pure data and no bullshit.