Thursday, May 19, 2022

Quik.com is Pioneering in Combining Domain Name Industry with Blockchain to Unlock Web 3.0 Opportunities

The Takeaway:

Quik.com is a decentralized internet player whose goal is to make Web 3.0 accessible to everyone. Quik has published 6 TLDs of Crypto Domains on the Ethereum blockchain

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Web 3.0, the most recent version of the internet or the worldwide web, is described by several phrases: decentralized, trustless, verifiable, and permissionless.

Quik.com is a decentralized internet player whose goal is to make Web 3.0 accessible to everyone. Quik has published 6 TLDs of Crypto Domains on the Ethereum blockchain with lifelong ownership and no renewal fees.

In simple words, unlike existing domain names, which are controlled by central entities, Quik’s decentralized domains will allow users to own their domain truly. Quik NFT domains also allow users to have a single identity that works with both next-generation decentralized websites and apps and current crypto wallets and browsers.

Businesses and people need NFT domains to represent their Web 3.0 identity as metaverses converge in the digital ecosystem. Overall, decentralized assets let individuals control their assets and maintain self-custody. They are validated on the blockchain and can be saved in a virtual wallet, much like a cryptocurrency.

NFT domains, according to experts, are the catalyst for revolutionizing the internet as we understand it today. With the capacity to allow decentralized websites, full ownership control, and empowering developers to innovate beyond what users type into a web browser, these domain names provide enormous benefits.

Quik.com, which claims to be the world’s first blockchain marketplace for NFT domains, has seen the enormous potential that decentralized domain names have. Quik’s team has created a platform that allows users to buy and sell blockchain-based domain names, as well as a domain name registry where they may search individual listings.

“With Quik, we seek to nurture a creative NFT domain environment for the internet of tomorrow,”

the company’s founders stated while discussing the project’s goals.

 

Full Ownership

The Quik ecosystem, which serves as a doorway to Web 3.0, is aimed to assist business owners in transitioning from the centralized Web 2.0 to the permissionless, permanent internet of Web 3.0. It will allow users to restore the freedom they lost when we moved from Web 1.0 to Web 2.0, and it will help us move toward a decentralized future, which experts believe is inevitable.

Users can browse products using an advanced search system, which builds on the traditional standard of domain sales. Quik.com makes it easy for people to get NFT domains with little effort.

Instead of renting domain names for a set length of time, blockchain technology allows individuals to own them genuinely. If you register a domain name with Quik.com, you will only have to pay a one-time registration fee and no renewal fees.

Furthermore, actual ownership entitles you to a 5 to 10% royalty on each subsequent domain name sale.

Do you want to learn more about Quik?

Users can browse via TLDs, or top-level domains, such as .ship, .doge, .bored, .vr, and .metaverse, which correspond to the original artwork. With these materials, you can access the internet of the future. It’s worth noting that the minting capacity of these TLDs is restricted. As a result, users are handled on a first-come, first-served basis.

Despite the first round of TLDs being available on the Ethereum blockchain (ETH), Quik.com plans to expand to other blockchains such as Binance, Solana, and GateChain.

 

Diverse Applications of NFT Domains

Within the Quik ecosystem, domain owners can use their domain as a website URL, a universal username across online portals and applications, or a virtual wallet payment address. These are just the beginning; more use cases will emerge as the ecosystem develops.

The team stated that its focus would remain on putting out extensions for web browsers, including Quik’s own, and cooperating with large cryptocurrency wallets like Coinbase after introducing the Quik marketplace for NFT domains, which is slated to happen at the end of February 2022. Exchanges can use Quik NFT domains and current wallet addresses as a result of these partnerships.

Quik.com will also organize a private QUIK token pre-sale, followed by a public token sale. Click here to get started on your Web 3.0 journey with Quik.

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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.

Glenn Harper
Glenn Harper
Glenn has only two interests: Bitcoin and Aviation. After completing his graduation from San Diego State University in 2006, Glenn started working in the airlines and aviation industry. Aviation was his only passion before he came to know about bitcoin in 2012 after which he decided to dedicate 8 hours of his day for aviation and 8 hours for learning and writing about bitcoin and the technology behind it. Glenn lives with his wife and a 7-year-old son who mines ethereum on his computer and is also quite passionate about cryptocurrencies.

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