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buzzwords like NFT, Web 3.0 and blockchain domains have been captivating everyone in technology and cryptocurrency lately. The term Web 3.0 has become part of everyday conversation. However, you won’t seem serious until you own an NFT domain.
Web 3.0, the Internet of tomorrow, is an umbrella term that combines different ideas toward one goal, bypassing the big Internet intermediaries. This new Internet doesn’t need to use giants like Google, Meta or Twitter.
One of the important pillars of building tomorrow’s Internet is simplification. This is where Quik.com plays an important role in driving innovation for Web 3.0.
Quik is a trading platform for blockchain domains , which address one of the main challenges of the next Internet revolution: offering direct ownership to end users without any intermediaries.
“NFT domains are an exciting evolution of the decentralized Internet. They can change the way we use the Internet by adding an extra layer of security, functionality and transparency. We at Quik strive to be at the forefront of this evolution,” said S. S. Smith. said Sahil Kohli, CEO of Quik.
Why NFT domains.
The NFT domains you mine or buy on Quik.com are stored on a public blockchain. They simplify cryptocurrency transactions by replacing long and cumbersome digital wallet addresses with easy-to-remember names.
Quik NFT domains are much like the traditional domain names that revolutionized the Internet by replacing complex IP addresses.
In addition to being used as a universal name, the NFT domains available on Quik are also censor-resistant when used as URLs for websites created using IPFS, the Interplanetary File System.
Here are some basic characteristics of the blockchain domains available on Quik that will become available once the ecosystem around the project develops:
- No renewal fees
- Simplified cryptocurrency wallet addresses
- Access to decentralized applications and platforms
“Blockchain domains offer more functionality than traditional domain names, which are one-dimensional and narrowly focused. We believe that NFT domains have the potential to advance the idea of a truly decentralized Internet,” stated the CEO of Quik.
Most Quik users purchase NFT domains to use as personal identifiers. They replace complex addresses from multiple wallets with a single domain name. This simplifies the exchange of payment information.
However, you can also use blockchain domain names to host your own Web 3.0 websites and build applications based on them. Since each NFT domain is unique, the lack of unique identifiers can be used as a speculative investment.
Reselling memorable NFT domain names on the secondary market can be profitable, as can traditional domains. Quik also gives you a 5-10% royalty on each subsequent sale of your domain name. blockchain domains
Start your Web 3.0 journey with Quik
Here are a few benefits that Quik offers:
Quik has made a number of NFT domain extensions available for mining, including:
To mine cryptodomains, users can apply any phrases they want to these extensions. Users can also search the site for available NFT domain names provided by peers, which they can then submit to the public ledger.
Quik also allows customers to sell or buy traditional domain names in the marketplace using blockchain transactions, making the process more transparent and secure.
“Web 3.0 has long remained theoretical. However, with the advent of NFT domains, blockchain technology and smart contracts, it will flourish in the coming years,” said Kohli.
Join the Quik telegram group here – https://t.me/quikcom
Subscribe to Quik.com’s Newsletter – https://quik.substack.com/
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Image credits: Shutterstock, Pixabay, Wiki Commons
