A blockchain domain / NFT domain / Web3 domain / Crypto domain all refer to the same process that essentially prevents the need for recalling a large sequence of characters in favour of a readable and reconisable word.
What is a Crypto Wallet
Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive coins. It also provides the abilty to self custody your cryptocurrency.
What are Gas Fees
Most transactions on the blockchain require computational power to be executed. Gas is the unit of measurement we use to describe the computational power needed. In laymans terms, it’s the cost of using the network.
Is Coinbase a Blockchain Domain
Coinbase is not a Blockchain Domain no. They’re one of the biggest crypto exchanges in the world, providing a secure online platform for buying, selling, transferring, and storing cryptocurrency.
What are NFT Domains
NFT domains are often another name for blockchain domains. However they can also now refer to a specific type of blockchain domain with the .nft extension. Therefore you could have myproject.nft
The Best Blockchain Domain
It really depends on your usage case and what you want to achieve. A Bitcoin address could be “.bitcoin” and Ethereum address would be “.ETH“. Whereas soemthing more encompasing could be “.wallet“
Why Do I Need a Blockchain Domain
A Blockchain Domain helps to secure your brand identity for the future. Comparable to the .com boom of the 90s domain names help translate an indistinguishable address (IP or Wallet) into something more memorable.
Crypto Wallet Examples
BTC: ********CGJym3xR7yCVPFHoCNxv4Twseo ETH: ********q56jvd82tkdjpy7gdp9ut8tlqm LTC: ********DWTKTFGxQjZphgWPQUpe554WKDfHQ RVN: ********AqVWQhEsfQz7zEQL1EuSx5tyNLNS (Plus up to 200+ more)
Blockchain Domain Example
The following single address could house ALL of the wallet addresses you see under the “Crypto Wallet Examples” section (+ up to 70 more available).
Throughout 2022 over 150 layer one coins have been added to the blockchain domains now supporting over 200 layer one coins, and thousands of tokens from multiple chains. The supported tokens include networks like Ethereum (ERC20), Binance Chain (BEP2 & BEP20), Ethereum Classic, Solana, and OMNI.