A Web3 domain is your username in Web3. Essentially, it's a simple version of your crypto wallet address. It's a way for you to send and receive crypto payments, interact with DApps, and for people to identify you and your wallet.
What are domains?
Domains are essentially website addresses. We navigate the internet through a domain name system (DNS). You know how to reach Google through its traditional domain: "google.com". A traditional Web2 domain ends in something like ".com" and hosts a website like "youtube.com".
What are Web3 domains?
Web3 domains are the next generation of domains. This domain is an NFT that can be connected to your Web3 wallet, so you can easily send and receive digital assets. It can also contain metadata like an avatar, social media links, and other identifying information.
Web3 domains, sometimes called non-fungible domains, are becoming part of users' identities as they navigate Web3. It encapsulates the idea of a portable, self-sovereign identity. You own the information contained within it and choose what to do with it. You will be able to carry around your digital identity between platforms and applications. Web3 domains can help identify the artist creating NFT art, the participants in a DAO, or wallet addresses in a blockchain explorer app.
Why do I need a Web3 domain?
A major pain point in crypto is that wallet addresses are extremely long (58 characters!) and almost impossible to remember by heart. A Web3 domain looks to simplify this by attaching a readable and memorable identity to your wallet address.
What are the benefits of Web3 domains?
Web3 domains:
• Break down barriers to crypto adoption. They make it easier for people to get started with crypto and Web3. They are easy to understand and set up, and they
do not require any technical knowledge.
• Replace long, confusing wallet addresses. They are easy to remember and type. Once it’s attached to your wallet, you can simply share it with others.
• Remove room for error in sending payments: Replacing long wallet addresses means there will be less margin for error.
• Establish your Web3 self-sovereign identity. Web3 domains are a way to identify yourself in Web3 with one profile that stores your avatar, social links, and
NFT collections.
• Make it easier to keep track of your online identity and activities. You can use your Web3 domain as your username for all your Web3 activities, such as logging
into apps, sending and receiving crypto, and accessing decentralized websites.
• Help verify on-chain activity with off-chain verifications. With the NFDomains service, you are able to determine if on-chain activity is tied to off-chain
identities, such as an X, Discord, Telegram, GitHub or email account. This is useful for providing assurance of the true creator of an NFT, for example.