One of the main features of the new version of our app is the option to transfer cryptocurrencies to an external wallet using an Unstoppable Domains domain. But we know that not all our users know about these domains, so don't worry. You just entered the right blog to learn all about NFT domains and discover this helpful tool offered by Web3.
What are NFT domains?
Before going on to talk about the utilities of this new tool, we must understand what it is in itself. NFT domains are similar to traditional web domains or ENS (e.g., youtube.com), but these are created on the blockchain, making them more secure and decentralized. When you buy an NFT domain, total power over that single domain is transferred to you.
The big problem with crypto transfers
If you have ever made a crypto transfer to a wallet, you must be pretty familiar with the fear that can arise when confirming the crypto address that will receive that transfer.
If you haven't made a crypto transfer yet, you can look at your wallet address and notice that it looks something like this: 0x501906Ce564be7bA80Eb55A29EE31ECfaE41b6f2. It is doubtful that you will be able to memorize each one of those random characters and the worst of all this is that, when making or receiving a crypto transfer, a simple mistake in one of those characters can cause your money to be lost forever.
There is the option just to copy and paste the address, but there may be a case where we don't have that tool available, resulting in absolute chaos.
Crypto addresses were designed with that many numbers and letters because computers need to understand them, but for some reason, no one thought it would be helpful if we humans could at least remember them.
Unstoppable Domains to the rescue
This San Francisco-based startup was founded in 2018 by Matthew Gould, Bogdan Gusiev, Bradley Kam, and Braden Pezeshki. Unstoppable Domains has as one of its main objectives to solve this big problem of crypto addresses with the help of NFT domains.
With them, you can create a custom domain like “YourName.crypto,” so you do not need to share a massive chain of numbers when receiving cryptocurrencies in your wallet. This eliminates the danger of losing your money and speeds up the process of making a transfer enormously.
That's not all you can do with Unstoppable Domains, as your NFT domain is your access key to Web3, where you can discover thousands of tools and DApps.
You can buy your NFT domain for $5 without worrying about renewing it because you only need to pay once.
How to create Unstoppable Domains?
- Visit the website unstoppabledomains.com.
- Write the personalized name that you like the most.
- Select the ending you want (.crypto / .wallet / .nft / and many more) and add it to the shopping cart.
- Create an account at Unstoppable Domains. You can do it quickly with Google or directly with your crypto wallet.
- Now you only have to pay the cost of the domain. You can pay using cryptocurrencies like BTC, ETH, or DAI.
- Mint your domain on the blockchain for free.
- Link your crypto wallets to the NFT domain, and voilà.
It's that easy. You can have your NFT domain and forever forget about that fear when sending or receiving cryptocurrencies.
Best of all, in El Dorado, you can send and receive cryptocurrencies using your Unstoppable Domains, so don't wait any longer and open your NFT domain with us.