Earning Potential | Time to Start | Set-Up Cost | Location | Time Commitment | Skill Level |
---|---|---|---|---|---|
Medium | Quick | Medium | Home-Based | Low | Intermediate |
Web3 developments and projects are progressing at a rate unseen in any technological innovation, with DApps and blockchain projects clamouring for new online real estate.
Hence, if you’re looking for a way to cash in on these developments, you can start by owning Web3 domains.
Owning domain names for Web3 is a lot like owning a block of flats, but better. Not only does it generate passive income but, because the investment isn’t as much as you’d put into real estate, the barrier to entry is lower.
You might be wondering where you can go to sign up for such a ground-breaking opportunity — the answer is Freename.io.
As a Web3 platform, Freename.io enables Web3 enthusiasts and side hustlers like yourself to purchase domains and top-level domains (TLDs). By doing so, you can rent them out to willing buyers in need of some prime Web3 real estate.
Get ready to jump on the Web3 bandwagon and learn more about Freename.io.
Freename.io is a Web3 domain name platform based in Switzerland and the United Kingdom. The platform gives users access to domain names, TLDs, and SLDs, and offers them for a one-time fee.
On the platform, users can look up various domain names and TLDs and choose ones that may be the most popular within a Web3 niche.
Users can purchase TLDs and domain names on Freename.io and can monetise them by reselling them or renting them. Also, trademarking TLDs, minting TLDs, Web3 wallet-naming, and many other functions are available on the platform.
The short answer to this question is yes. Freename.io has trademarking ties to government institutions like the Swiss Federal Institute of Intellectual Property.
Using its ties with the Swiss Federal Institute of Intellectual Property, Freename.io helps users trademark their domain names and own their Web3 digital identities.
Freename.io is legit and has ties to government institutions like the Swiss Federal Institute of Intellectual Property.
We’ve been going on about how owning domain names can make you money in the Web3 revolution. However, you may be wondering what Web3 is.
Web3 is the latest evolution of the internet. Unlike its predecessor, Web3 will leverage blockchain technology, enabling users (and not big tech firms) to own and use data.
By using blockchain technology, Web3 allows users to interact and transact directly without intermediaries. This method means more secure interactions and transactions.
As we speak, Web3 continues to evolve as more sites and applications transition to blockchain tech. For many, these developments will bring about more user control and less data monopoly by companies.
For you, this means more Web3 site builders and decentralised app (DApp) developers you can resell or rent your Freename.io-bought domains to.
Here’s how Freename.io works.
In Freename, you have the opportunity to establish your own Web3 domain environment and take on the role of managing domain names.
These special Web3 domain names are useful for a range of functions. Using them, you can navigate the internet, send and receive emails within the Web3 system, and gain access to decentralised applications (DApps).
Think of domain names as having your personalised corner of the Web3 internet. In your unique space, you call the shots on how you use your domain names — whether you wish to use them for their functions or let others use them for a fee.
TLDs are the last parts of a URL or site address. They come directly after the site’s name and dot (.).
TLDs have one main function — to help users identify the nature of a site.
In the case of a common TLD, look at the example below:
“https://www.penguinaitools.co.uk.”
In the above example, “co.uk” is the TLD and indicates that the site is run by a company in the UK. As you can imagine, most websites have TLDs that follow this structure minus the location identifier (“.uk”). Other examples of common TLDs are .edu (for educational institutions) and .org (for organisations).
By contrast, a Freename TLD is much less formulaic and adds more specificity to what a site offers. Look at the example of what a typical Web3 URL looks like below:
“https://www.penguins.aitools”
In this example, “.aitools” is the Web3 TLD and tells users that the site offers AI tools or apps.
There’s more variety with Freename Web3 TLDs since they’re not subject to direct oversight by organisations like ICANN. This freedom adds to your identity creation in Web3 and your trademarking power.
A Freename royalty is a feature that you activate once you’ve purchased a Freename TLD or two. By switching on this feature, you can sell the rights to use your Web3 TLD or domain name.
Royalties enable users to register domains under your TLD, giving you 50% of the transaction fees.
Royalties are an excellent way to see ROI for your TLDs. To get the most out of this feature, it’s best to purchase the most popular TLDs. Alternatively, you can buy several to maximise your chances of domain registrations.
Here’s another way Freename domains and TLDs trump common ones: Unlike common domains and TLDs, registrars will charge you a recurring fee to have your site registered.
However, with Freename domains and TLDs, there are no renewal fees.
Once you purchase a domain or TLD, it’s yours forever. By owning the TLDs and domains on Freename, you can be your own registrar and charge other users a fee for registering sites under your domains.
After purchasing your Freename domain, you need to activate it. Activation requires minting your domains on a blockchain.
As we speak, Freename users can mint their domains on several blockchains. The list of supported blockchains includes:
Freename continues to add more blockchains. Stay tuned for updates.
A Freename domain is unique. Due to its uniqueness, a domain falls under the classification of an NFT — a decentralised asset that proves ownership.
NFTs come in many forms like domains. Like other NFTs, you must mine domains on blockchains.
After you mine your domain, you can link it to a wallet using the Freename wallet API.
A Freename domain and TLD are related. However, while the domain acts as a user-friendly and readable address for content and apps, the TLD is more like a tag. It helps users quickly identify what type of site they’re accessing, making it easier for them to locate specific content.
Selling a Freename domain begins with becoming your own registrar. Doing this is easy and requires nothing more than purchasing a domain name and minting it on your preferred blockchain.
Minting activates your domain. From here, you’ll have two choices.
You can either lease it for other users to register their sites and profit off the royalties, or you can sell the domain for a profit.
To sell, simply list your domain for sale. Keep in mind though that you’ll get 50% of the proceeds, so be sure to price accordingly.
Yes, you can turn this into a side hustle.
Freename.io isn’t just a groundbreaking platform that gives you firsthand access to the most unique domain names in Web3. The platform also gives you the opportunity to turn a domain name into a commodity other users are willing to pay for.
With Freename.io, you can purchase domain names and TLDs that you will own forever. By owning them, you become your own registrar as other users and Web3 site developers register their sites under your domains.
With sites registered under your domains, you profit from royalties which you can claim using your Freename wallet.
If you're considering ways to make money from your domains or TLDs besides renting them out or earning royalties you can also opt to sell them. Selling your domain or TLD on Freename.io's marketplace is an option. When listing your domain or TLD you have the freedom to set the price and determine the terms of the sale. Additionally you can choose whether to include royalties, in the sale or not.
Including royalties means that if someone registers a domain under your TLD they will pay you a percentage of the registration fees. This arrangement offers an income stream from your domain or TLD.
Selling without royalties means receiving the full purchase price upfront less any fees. This might be preferable if you're looking for cash.
To successfully sell your domain or TLD on Freename.io here are some tips;
Find a balance between not undervaluing and not overpricing your domain or TLD by researching ones being sold.
Make sure there is market demand for your domain or TLD before listing it for sale.
The greater the popularity of your domain or TLD the greater the likelihood of selling it for a good price.
Place your domain or TLD on the marketplace. This is the method to expose your domain or TLD to potential buyers.
Exercise patience. Selling your domain or TLD could take some time. Don't lose heart if it doesn't sell immediately.
The Swiss-UK-based platform offers unique domains and TLDs, making its services a worthwhile long-term investment.
The Web3 platform’s flexible approach to TLDs allows investors to create and trademark digital identities through minting on multiple blockchains. With this and its Royalties feature, Frename.io is an enticing opportunity in the ever-evolving world of Web3.
You can learn more about Freename.io and sign up for an account at
www.freename.io
https://freename.io/tld-trademarks/
https://freename.io/freename-overview/
https://freename.io/how-do-freename-royalties-work/
https://freename-w80vj.notaku.site/freename-wallet-api
https://freename.io/wp-content/uploads/2023/01/Freename_Trademark_Form.pdf
https://freename.io/why-freename-is-revolutionizing-the-domain-name-industry/
https://freename.io/why-everyone-should-have-a-web3-domain-in-2023/
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