QUIK

Are you new to NFT domain technology? Have you ever heard of it? If the answer is no or even yes, let&#39;s take a closer look at this latest tech specification of blockchain technology.<a href="https://timesnext.com/nft-domains-a-gateway-to-web3/" rel="noopener noreferrer nofollow">NFT domains are the decentralized access to Web3</a> and its decentralized services and applications, and these decentralized domains are more utility-oriented than just hosting websites. Before we delve into NFT domains, let&#39;s learn about traditional domains.On today&#39;s web, we interact with traditional domains, like when we type an address into a browser but did you know? Traditional domains were designed to accomplish much more on the internet than just hosting a website.But why did this happen? It is mostly since traditional domains have always been controlled by centralized servers since the inception of the internet. This made it more challenging for developers to build new technologies on top of that technology.But that&#39;s no longer the case since the emergence of blockchain technology and the advancement of Web3 have pushed domains to evolve, opening up an entirely new set of opportunities for users and developers.<h2 id="header-0">What are NFT domains?</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b4df987a1c384f8fa6865ee5c013ce8c.png" />NFT domains on Quik.com are decentralized domain names that are powered by smart contracts built on blockchain protocols ERC-721, ERC-1155, and BEP-721, BEP-1155. These domains can be utilized by an individual, an organization, a website, or even an application since they can store and transfer data while also integrating with dApps and servers.NFT domains can be accessed by anyone on the Quik.com P2P NFT domain name marketplace and can register or mint using a crypto wallet and dedicated cryptocurrencies. as it applies the NFT technology of authenticity, which means there can only be one NFT domain name of a kind.These domains are equivalent and cannot be registered or coined a second time. Furthermore, after the user registers the NFT domain, it is transferred to its crypto wallet, indicating that the user now has complete ownership rights, including data control and privacy credentials for the NFT domain name.Note: Quik.com offers a 5-10% royalty over every subsequent sale of the NFT domain, which also allows a source of passive income for first-time minters or owners of the NFT domain name.<h2 id="header-1">How to create NFT domain names</h2>On the official Quik.com website, users can easily create their own personalized NFT domain name or even buy pre-existing NFT domain names. Following the length and top-level domain, Quik.com assesses fees for creating or registering NFT domains (TLDs).The platform supports the MetaMask wallet, and prices are fixed in ETH. Quik.com conducts minting in the backend and transfers the NFT domain name straight to users&#39; wallets using that facility.<h3 id="here-s-how-to-create-an-nft-domain-name-through-quik-com">Here’s how to create an NFT domain name through Quik.com:</h3><ol><li>Web search <a href="https://quik.com/" rel="noopener noreferrer nofollow">Quik.com</a></li><li>On the top bar, click on NFT domains</li><li>Select an NFT domain</li><li>Scroll down to the &#34;Think of a Domain Name&#34; search bar and write your customized NFT domain name</li><li>If you do not want a customized one or cannot think of one, Quik.com also offers its pre-existing NFT domain names, which can be accessed by scrolling down to that same page.</li><li>Once you&#39;ve selected the NFT domain name, click on the NFT domain</li><li>It will showcase a page where you can check your selected name against other NFT domains</li><li>Once finalized, click on Mint and complete the transaction with the MetaMask wallet.</li><li>Once the transaction is successful, it will automatically be added to your wallet.</li></ol>Congratulations on your very first NFT domain name! But did you know that there are even more applications for these domains that will allow you to see it as a better investment?<h2 id="header-2">Here are 6 reasons to buy NFT domains on Quik.com.</h2>If you want to know more about what you will obtain and how you may use NFT domains, these seven reasons will help you.1. No Renewal FeesIn contrast to traditional domains, NFT domains cannot be rented. This also means that there are no monthly, yearly, or subscription fees to worry about, as there are with traditional domains.This is one of the primary reasons why you should switch to NFT domains, as once purchased, you own them in perpetuity. There are simply one-time registration fees to pay on Quik.com, but once completed, no one else may request or even access your NFT domain name except you.2. Simplifies Crypto TransactionsYou are aware of how complicated crypto addresses are if you have ever moved cryptocurrency from one wallet to another, right?Although crypto wallets have a lot more user-friendly methods than financial institutions and online payment systems, which use account numbers and email addresses that seem like regular addresses,A crypto wallet address is made up of a series of random characters. With the Quik.com NFT domain name, you can easily modify it to function as your crypto address, simplifying the process every time you send or receive cryptocurrency or use your crypto wallet.3. Supports CryptocurrenciesAnother advantage of buying an NFT domain is that it accepts many currencies and can also receive tokens and coins. Navigating crypto has never been easier, and the blockchain network no longer matters thanks to the support of several coins and tokens.You can use the majority of them, as Quik.com supports a variety of cryptocurrencies and tokens, such as<ol><li>Ethereum (ETH)</li><li>Bitcoin (BTC)</li><li>Dogecoin (DOGE)</li><li>Binance (BNB)</li><li>Solana (SOL)</li><li>Litecoin (LTC)</li></ol>Additionally, this shows improved chances for social contact within the community!4. No More Centralized RegulationsThe fact that traditional domains are centralized and typically controlled by a single organization, such as ICANN, has been one of the main problems with regular domains. While NFT domains are decentralized, which means that neither ICANN nor the government has control over them or the ability to censor their content,The fact that your domain does not end in.com indicates that it will not be part of the state&#39;s public system.5. Rightful OwnershipSince NFT domains are not centralized, as was already mentioned, once you register or buy one, it is permanently added to your wallet. Additionally, since there are no renewal fees, you are not subject to any laws or regulations set by the government.Self-custody is one of the main reasons in favor of hosting a decentralized website with NFT domains, which also does away with third-party intervention.6. Genre-specific Domain ExtensionsNumerous NFT domain extensions are available on Quik.com&#39;s marketplace, where users can register them using either pre-made names or bespoke names.<h2 id="header-3">Here’s the list of NFT domain extensions available on Quik.com:</h2><ol><li><a href="https://quik.com/collection/dot-web3-domains" rel="noopener noreferrer nofollow">.web3</a></li><li><a href="https://quik.com/collection/dot-metaverse-domains" rel="noopener noreferrer nofollow">.metaverse</a></li><li><a href="https://quik.com/collection/dot-vr-domains" rel="noopener noreferrer nofollow">.vr</a></li><li><a href="https://quik.com/collection/dot-bored-domains" rel="noopener noreferrer nofollow">.bored</a></li><li><a href="https://quik.com/collection/dot-shib-domains" rel="noopener noreferrer nofollow">.shib</a></li><li><a href="https://quik.com/collection/dot-btc-domains" rel="noopener noreferrer nofollow">.btc</a></li><li><a href="https://quik.com/collection/dot-i-domains" rel="noopener noreferrer nofollow">.i</a></li><li><a href="https://quik.com/collection/dot-address-domains" rel="noopener noreferrer nofollow">.address</a></li><li><a href="https://quik.com/collection/dot-chain-domains" rel="noopener noreferrer nofollow">.chain</a></li><li><a href="https://quik.com/collection/dot-doge-domains" rel="noopener noreferrer nofollow">.doge</a></li></ol>These are only the extension names that are offered in the market, but the list of NFT domain names is extensive due to the variety of options for registration that are offered on its platform. Without restriction or content censorship, these domains can also be used for commercial, non-commercial, personal, social, and even professional purposes.Overall, there are many different NFT domain extension options available to you, which is one of the major reasons you should switch to NFT domains.<h2 id="header-4">What’s next?</h2>Once your NFT domain has been registered, you can link it to host a website or web application, use it as your cryptocurrency wallet&#39;s address replacement, store metaverse properties or NFTs, or even swap cryptocurrencies quickly and safely.Now that you are aware of all the reasons for preferring one of these NFT domains over traditional domain names, make sure to visit <a href="https://quik.com/" rel="noopener noreferrer nofollow">Quik.com</a> and buy yours right away.

NFT Domains by Quik.com

Table of Contents

quik

Other articles published on Nov 9, 2022

TopGoal Ambassador Program

WeSendit’s Staking Option Explained For You

Non-Fungible Tokens (NFTs) and their impact on the Entertainment Industry

Umbria Monthly Update - October

Shamba Integrates Chainlink Oracle Technology to Protect Vulnerable Farming from Climate Change a...

NFTStudio24 Internship Program in Web3 and Metaverse

Join our free newsletter for daily crypto updates!