Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs with Polygon, BSC and Aurora.
A user can mint a Freename.io domain/TLD on the following blockchains:
Polygon
BSC
Aurora
All minting costs are covered by Freename, no hidden costs. TLDs/SLDs can only be minted once. You must choose their domain carefully because it cannot be changed.
Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.
How long does it take to complete the process?
Generally within a few days, but sometimes it might take longer in case of heavy congestion.
If there is a long wait, we recommend sending us an email at support@freename.io so that you can be assisted.
What is the difference between Minting and Buying?
Minting and Buying a TLD or Domain are two different things.
Buying is the process of recording a transaction on Freename’s database and not on the blockchain.
Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user's wallet
Freename.io allows users to mint TDL/Domains across multiple chains (multichain approach) such as Polygon, BSC, Aurora and other blockchains to be added soon.
Once a TLD/Domain is minted, a user will have full custody.
Use cases of this include simplifying crypto payments, hosting a decentralized website, and having rights to royalties. The TLD/Domain stored in a user’s cryptocurrency wallet can be transferred only after they have been minted. To transfer the TLD/Domain, the user must:
access their wallet
select the item they want to transfer
enter the recipient's address.
This transaction needs to be confirmed by pasting the OTP received by email.
Lifetime Assets
The Non-fungible-token (NFTs) craze has been around for a while. Everyone seems to be minting NFTs left and right. Ever heard of Bored Ape or CryptoPunks? NFTs are gaining popularity and traction all around. This has led to us understanding the full potential of the use cases behind them.
Use cases for NFTs are constantly being explored. One of the key differences between NFTs and cryptocurrencies is their value. A cryptocurrency’s value is purely economic. NFTs, on the other hand, have both economic and non-economic values.
NFTs have always been around if you think about it. When you play a video game and unlock a new character outfit or an exclusive plot, it's an NFT. The non-economic value here would be the type of outfit the character has. The economic value would be the secondary market for these characters. These games tend to have economies where people would exchange real money for these characters (or NFTs).
Why not bring this concept to other industries?
Some other use cases of NFTs are:
Music. Artists can tokenize their songs and earn royalties by selling their NFTs. Don't want the song anymore? Sell it to someone else (secondary market). The artist will still earn their royalty on that sale.
Art. Imagine if Leonardo Da Vinci had tokenized his art using NFTs. His family would still be earning royalties every time his art re-sold.
To achieve any of this, one would have to ‘mint’ the NFT. Minting means converting any digital data and rules into a crypto asset that can be recorded on the blockchain. Freename.io lets you mint your own domains and TLDs to grow your Web3 identity.
So, why is Freename.io offering Lifetime Domains/TLDs?
The Web domain industry has proven to be a strong use case for NFTs. Buying a Second Level Domain (SLD; everything that comes before the dot) and a Top-Level Domain (TLD; everything that comes after the dot) is monopolized in Web2. The end user cannot earn by holding these domains. However, Web3 firms are changing the dogma.
This is where Freename.io helps empower users with Web3 Domains/TLDs. They resolve the issue of the 42-character string that makes up your crypto wallet. Imagine if your business could accept payments on “Wallet.Metaverse” instead of: 0xDC25EF3F5B8A177998338A2ADA83795FBA2D695E