Crypto domain names are a hot commodity in the emerging NFT market

Blockchain web domains differ from their traditional counterparts in that they are purchased for a one-off fee, as opposed to running on a subscription basis. Unlike traditional web domains, decentralized domains are controlled only by the owner of the domain, and are not subject to renewal fees or price increases. There is no centralized authority that controls the individual user’s domain, which means decentralized domains are not susceptible to massive phishing scams, arbitrary take-downs or privacy breaches.

Trading of blockchain domain names happens on the Ethereum and Zilliqa blockchains with .zil, .crypto, and .eth TLDs. In recent months the spike in NFTs have lead to a huge increase in the number of buyers of domain names. 

With a 3 letter name like GOD.zil, the seller is expecting quite a high interest level. As seen by the listing on Mintable the buyer is asking for $57,000 at the time of writing. Normal 3 letter domain names go for much higher, and something as special as ‘god’ may fetch an even higher premium on resale. 

You can find the domain listing on Mintable at https://zilliqa.mintable.app/domain/item/godzil-GOD-Ultra-rare-highly-sought-after-Zilliqa-domain-GOD/DzBNjtU0QQnwoYe

 

About Mintable

Mintable is a marketplace that supports the creation, listing, and sales of digital assets such as NFTs. Mintable is built on a decentralised, peer-to-peer model as it aims to empower contemporary artists and creators to get due recognition and rewards from their work. The platform is easy to use with an intuitive UI, and users can easily browse, mint, or sell their tokens without any prior knowledge of coding. Founded in 2018, Mintable is built on and secured by the Zilliqa and Ethereum blockchains. In 2021, renowned venture capitalist and television personality, Mark Cuban, announced a significant investment to help scale this promising dapp, which has sold and auctioned works by prominent global artists, musicians, and entrepreneurs.

For more information, please visit: https://www.mintable.app/

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Source URL - https://www.issuewire.com/crypto-domain-names-are-a-hot-commodity-in-the-emerging-nftmarket-1698078573498303

* This article was originally published here