Freename is a blockchain domain registry based out of Switzerland. It allows users to create their custom Web3 Domain names and TLDs across multiple blockchains, including Aurora, Binance Smart Chain (BSC), Cronos, and Polygon.
Users can mint these Web3 domains or TLDs (which act as blockchain-based assets) via their cryptocurrency wallets like MetaMask and Coinbase Wallet. Further, users have complete control of their domains and TLDs; they can transfer their assets to other wallets or receive royalties each time someone buys a domain using their TLDs.
How to Create a Blockchain Domain Using Freename
Freename gives users complete control of their blockchain domains once they purchase -no renewal fees or hidden costs. While dozens of Blockchain DNS are out there, Freename has a few noteworthy features that make it stand out from competitors. Here's an easy step-by-step guide on how to create a blockchain domain name.
1. Create Your Account on Freename.io
Creating an account on Freename is a straightforward process. Head over to Freename's official website. Next, Create an account by entering your credentials and accepting the Terms and Conditions. You can login via Google, Facebook or LinkedIn as well.
2. Check Available Web3 Domains and TLDs on Freename
TLD is short for Top Level Domain -the ending word after the dot on domain sites (google.com, where .com is the TLD). In Freename, you can find Web3 TLDs such as .token, .metaverse, .human, .satoshi, or TLDs ending in emojis .. Likewise, you can find domains like when.lambo. Just type the domain or TLD on the search bar:
Scroll down to see a variety of suggestions for relevant domains and TLDs. Important: The most affordable options are domains on TLDs that someone else already bought. They receive a license fee (royalty) for each domain registration under their TLD.
So buying a TLD is more expensive, but opens up an opportunity for you to earn revenue.
Once you find a Web3 domain (or TLD) you like, add it to the shopping cart.
3. Purchase your Web3 Domain or TLD with FIAT or Crypto
Click on the shopping cart icon next to your username on the top right and click on Checkout. In our example, we're buying the domain peternft.moon.
On the checkout page, select the payment type between credit/debit card, crypto using the wallet you prefer such as MetaMask, or via Coinbase, which allows you to pay with more options. In this case, we're using USDT.
Click on Next, ensure the billing information is correct, and click on Complete Payment.
A window will prompt you to pick between MetaMask, Coinbase Wallet, and WalletConnect. Connect your wallet and proceed with the payment.
For fiat payments, the procedure is the same: fill in your billing information and accept the terms of use. Click on Next, and choose Credit/Debit Card.
Next, add a new card number and the cardholder name and click Pay.
Once bought, your domain or TLD is recorded on Freename's database. The next step is to mint your Domain or TLD. The process essentially publishes a Freename domain or TLD (which are blockchain-based assets) on the blockchain using your cryptocurrency wallet, giving you control over the domain. Freename currently supports Polygon, Cronos, Binance and Aurora.
Next, go to your profile, click on Portfolio and Incomes and choose the TLD or Domain you want to mint. The wallet app will pop up asking you to Sign to connect your wallet. Click on Confirm to mint the domain.
It should take a couple of minutes for your Domain or TLD to be successfully minted.
Likewise, you can transfer your domain to another cryptocurrency wallet after you have minted it. To do so, access your portfolio, choose the Domain or TLD you want to transfer and type the recipient's address. Freename will send you an OTP code to confirm the transaction.
Freename will add support for more blockchains in the near future, including Near, Avalanche, Ethereum, and Solana. Further, Freename has a FAQ section with answers to common questions and live chat and email support to assist you with your inquiries.
Other Freename Features
Freename has other interesting features that allow users to take the maximum out of their Web3 TLDs.
Royalties:
Once you buy and register a new TLD in the blockchain, you are entitled to an exclusive contract that generates 50% in royalties for each Web3 domain registered using your TLD.
Trademark
You can legally trademark your TLD and logos by the Swiss Federal Institute of Intellectual Property (IGE.ch). Once the IGE.ch accepts and registers the TLD, you can decide on which countries you want to protect it.
To do so, click on the Trademarks section and contact Freename to complete the Know Your Customer (KYC) process, submit the list of TLDs, and the service payment proof.
Web3 Library
Web3 developers can access Freename's Github library to create and support multiple Web3 Domain Providers. The library standardizes interfaces for interaction and to resolve and manage supported providers: Freename, Unstoppable Domains, and Ethereum Name Service (ENS).
Closing Words: Benefits of a Blockchain Domain Name
Domain Name Services (DNS) in the current Web2 era are overseen by centralised organisations such as the Internet Corporation for Assigned Names and Numbers (ICANN) and registrars such as GoDaddy are hosted on centralised servers.
This means you don't really control your website domain, you just have access to it since the registrar is the custodian. They can also take down your domain whenever they want.
Nowadays, dozens of blockchain DNS platforms are working towards bringing back the privacy and control we witnessed in the early days of Web1.0, but with enhanced features. Web3 domains are giving users complete control over their online identities thanks to blockchain, a transparent, immutable, and tamper-proof technology. Decentralising domains eliminates the risk of hackers trying to hijack your website domain or institutions and corporations trying to censor or suspend them.
* This is a contributed article and this content does not necessarily represent the views of techtimes.com
