Tuesday, August 16, 2022

Limited Metaverse NFT Domains are live for minting on Quik.com

The Takeaway:

Web 3.0, the decentralized web, is growing quickly and is now easier to get to. In this decentralized network, NFT domains are an interesting new feature. They can change both the internet and the names of websites. On Quik.com, you can buy, mint, and sell NFT domains.

Blockchain domains are different from regular domains because they are made up of smart contracts. These pieces of software run on a public blockchain and add an extra layer of functionality, transparency, and safety.

NFT blockchain domains have been around since the start of cryptocurrencies. Before smart contracts, they couldn’t do as much as they could. But the potential for crypto domains has grown greatly since smart contacts, and the ability to explain complex links were invented.

Traditional domains made Web 2.0 possible by substituting web portal IP addresses, but their limited use was because they were centralized and hard to understand. In aspects of domain names, there has been a clear lack of creativity over time. Thanks to Quik.com, all of that will change.

 

The NFT Domains of Quick.com

Quik.com wants to encourage creativity in the NFT domain by letting users make payouts to blockchain on its platform.

Blockchain domain names are enrolled on the public ledger, a part of the blockchain that gives users a lot of functions and benefits. They can push invention in the tack of the internet of the future.

“At Quik.com, we want to be a bridge to Web 3.0,”

says Quik.com.

 

NFT TLDs Available at Quik.com

Quik.com started offering its facilities in March and now offers many domain names that are based on NFT, such as:

.metaverse

.vr

.chain

.address

.i

.bored

.doge

.shib

.web3

 

How to Buy an NFT Domain Name on Quik.com?

To mint an NFT domain on Quik.com,

  • Select your favorite TLD.
  • Look for the NFT domain name you want.
  • A “Mint” button will appear next to the search box if the same is available.
  • When you click the Mint button, your Digital wallet will get a notification.
  • Accept the transfer of funds in your digital wallet.
  • Done

As soon as the transaction is made on the blockchain, the NFT domain will be created and stored in your digital wallet along with any other cryptos or NFTs you may have. It’s that easy!

It gives users full control over the NFT domain and is a key building block for Web 3.0. Users can also list, buy, and trade such NFT domain names on Quik.com’s market.

 

Pros of an NFT domain that was created on Quik.com

NFT domains have many advantages over traditional centralized domain names.

Because NFT domain names are not centralized, anybody can build a website on a public ledger without rules. You can build a working app on top of the website and link this to any digital wallet to make a transaction.

After you buy a blockchain domain, you will always be the legal owner of the NFT Domain and will never have to pay a renewal fee.

You will also be able to use your NFT domain name as your cryptocurrency wallet address, making it easier to remember.

Quik wants to make the whole process of trading NFT domains safer, easier, more open, and more private. Quik promises to remove barriers to Web 3.0 innovation by giving people a new way to sell, buy, and “mint” NFT domains.

Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

William Botello
William Botello
William is a market research coordinator who believes that blockchain technology and cryptocurrencies can revolutionize the financial landscape. He completed his studies in Arts and Sciences from Arizona State University.

Leave A Reply

Please enter your comment!
Please enter your name here