An NFT domain marketplace has announced that it will allow the minting of a large number of premium extensions — including .metaverse, .VR, and .chain.
According to Quik.com, the arrival of these new domain names gives consumers and projects the opportunity to obtain highly desirable, memorable addresses.
But while they might look like normal URLs at first glance, the marketplace says they actually offer much, much more.
Not only do they simplify crypto transactions by eliminating tedious alphanumeric wallet addresses (long strings of letters and numbers that are prone to misspellings) - these domain names can also be used as universal usernames in Web3, whether you're in a game or world in a virtual environment.
Full ownership removes the risk of centralization or censorship, and it is also possible to build websites on top of these domains.
All of these compelling use cases will be realized once the platform’s Chrome extension is available, expected by the end of the year, Quik said.
Such personalized domain names will be the cornerstone of Web3 — a world that bypasses the tech giants and returns control of data to users. Not only will these usernames provide an important identifier in our online lives, but they will also act as encrypted wallets where we can safely store our digital assets.
Even better, the extensions offered don't stop there - .metaverse, .chain, .VR .doge, .shib, .bored, .web3, .btc, .address and .i are also available. Overall, this gives users the freedom to own a domain name that aligns with the cryptocurrency or technology they believe in most.
How to Mint a Blockchain Domain Name
According to Quik, the process of minting or buying NFT domains is quick and painless. They are stored on the Ethereum blockchain, which means they are not influenced by centralized entities like ICANN.
Users can log in or sign up for an account on Quik.com using their MetaMask or other mobile wallets. From here, they can search for the username they want -- and complete the transaction ahead of time.
Of course, the world of NFT domain names is highly competitive, which means addresses with a specific name or one word can be snapped up quickly. If the preferred address isn't available, Quik's system will suggest a series of alternatives to let you find your ideal address.
After you approve the transaction in your own wallet, it gets verified on the Ethereum network. This means you don't have to wait long for the NFT domain to appear on your profile, ready to use however you see fit.
future internet
Quik releases new domain names regularly and offers a countdown to upcoming domain names so users can be the first to get a premium domain name.
A vibrant marketplace also means you can explore domain names that other users are selling - the most popular short and crypto-related usernames are shared on the Quik homepage.
In the near future, decentralized websites will play an even greater role in our online lives—perhaps becoming an important part of our identities. Quik's vision is simple: provide transparency and make it easy for anyone to list, sell and buy these digital goods.
While domains are subject to annual renewal, whoever acquires a Quik domain will own it forever - all paid up front. They also have the option to sell it through a dedicated marketplace in the future if they wish.
Once upon a time, there was a competition to snag the most memorable .com domain name. Now, all eyes are on the most coveted usernames in blockchain, and Quik is opening its doors to them.
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