The internet as we know it today is a great technological breakthrough. It is an innovation which everyone of us is benefitting from, directly or indirectly. For instance, there is an abundance of information and entertainment at everyone’s disposal these days. But there’s more.
The internet has been leveraged upon to build many other projects. Most social media and gaming applications are built on the internet. With the aid of the internet, people are able to develop websites for their businesses and personal use. This process typically involves the use of existing domains and subdomains, or creating new ones. However, these are not done without some difficulties.
The internet is a centralized system of networks and so is the domain name industry, to an extent. Given the centralized nature of the internet, the mega servers of the world are owned and controlled by few tech giants. It is virtually the same for domain names and their servers. This makes the whole system a calamity waiting to happen. Interestingly enough, this loophole has drawn the attention of DecentraWeb. But what exactly do they do?
Decentraweb in a Nutshell
Decentraweb is a blockchain startup with the objective of positively altering the functionality, access and control of the internet and Domain Name System (DNS) by helping people create their own Top Level Domains (TLDs) and own them permanently on the ethereum blockchain without having to obtain permission from anyone. Put in another way, it is a decentralized implementation of the DNS base layer protocol, and is committed to helping people take back the internet, one layer at a time. This innovation will be beneficial to individuals and businesses as they are looking at building a bridge between the crypto market and the traditional market.
The DecentraWeb team is made up of people with tonnes of experience in domains, DNS, security and the blockchain space. They have a team made up of people who were former workers with GoDaddy, Intel, Dow Jones, Microsoft, Dell, ServiceNow, Bloomberg, HP, Deloitte, TrustSwap, Coin Market Cap (CMC) and others. With these kinds of people working as a team, the domain name industry may not remain the same.
The centralized nature of the Domain Name System keeps its control in the hands of a few organizations, usually big tech companies, who stand as gatekeepers of the entire industry. With so much power in their hands, they could potentially make decisions that adversely affect businesses either for political or financial reasons. But this doesn’t have to be. Decentraweb offers everyone the opportunity to register their own top-level-domain (TLD) as an NFT and own it on the Ethereum blockchain.
At this point, it is fair to note that most people have not started appreciating NFTs for what they really are. Some just see it as a piece of art and nothing more. Very obviously, Decentraweb seeks to become one of the few projects committed to creating an NFT with real value and utility. Owning TLD NFT allows you access to email, hosting and domain registration all in one. Again, these NFTs can be bought and sold!
It is indeed a thing of beauty to note that the process of getting on board this train is very simple but what is perhaps more beautiful is that the service is affordable. The process is as simple as searching for any Top Level Domain (TLD) name and choosing your registration duration. Then payment is made either in ethereum or DWEB, which is the native coin on the Decentraweb ecosystem.
After the payment, your TLD NFT is minted and transferred directly into your wallet which is in your full control. This offers a great deal of flexibility in method of payment. The cost could be as low as $50 per year when you are using the DWEB option and $100 when you pay via ethereum. From your TLD, you can cash out by selling subdomains.
- Decentraweb has a team of highly experienced people who have worked in the DNS, security and blockchain space.
- The innovation gives everyone the opportunity to own domains as an NFT which is tradeable.
- The project is already cashflow positive as lots of TLDs have already been sold.
- Decentraweb is multifaceted; having domain NFTs, DWEB token and multiple staking pools.
- 80% of DWEB sales go back to stakers
- The earlier action is taken, the better your chances of securing that special domain name you have in mind.
On a closing note, Decentraweb seems to have a very clear roadmap of evolution which indicates that they are really looking into the future. So far, they have demonstrated admirable focus and it appears they’ll stay focused. The domain name industry has not seen many things like this before.
Indeed, many may have believed that decentralization is the way to go but Decentraweb has taken their decentralization game in the direction of domain names. Join their Telegram group to learn how to benefit from this Innovation.
Beginners guide to NFTs: What are non-fungible tokens?
You have probably heard the word NFT hundreds of times so far. At first glance, you thought it only had...
What Motorcycles Are Good For Long Trips?
Motorcycles are all about freedom. But the question is: how often do we really go out there and enjoy the...
3 Ways Maternal Instincts Give Women In Leadership An Advantage
As the landscape of gender roles continues to be redefined, these 3 experts agree that their maternal instincts provide an...
The Queen of Title: How Powerplayer Rachel Luna is Disrupting the Title Industry Through a Modern Approach
Rachel Luna has made quite the name for herself within Texas’s title real estate business as the Title Queen and...
Nancy Almodovar: The Latina CEO Who is Disrupting the Status Quo of the Luxury Real Estate Market
It comes as no surprise that Nancy Almodovar, the CEO and founder of Nan and Company Properties, is one of...
How To Nurture Talent Within Your Business
Your business can only succeed with talented workers on the payroll. Luck and even strong economic conditions will only get...
Solana’s value plummets below $98 due to a Wormhole Exploit
Many people thought blockchain technology was robust, secure, and virtually “unhackable.” However, the crypto world has faced several hacking incidents...
Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures
In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...
Bitcoin’s Volatility Explained
Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...
Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.
After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...
Business3 days ago
A journey and an overview of the life of the young Iraqi artist Bakr Al-Hashemi from zero to the top
Entrepreneurship1 week ago
How Vinod Somareddy Created a Name For Himself In a Competitive Marketplace!
Cryptocurrency2 weeks ago
The Dacxi Coin Ecosystem: Review
Executive Voice5 days ago
Rising Star NORD is a Fresh New Talent from Oregon
Executive Voice2 weeks ago
Meet DEADO, Colorado’s Rising Dubstep Producer
Executive Voice1 week ago
“I am a Unique Story”- Maliachigh Does not Feel the Pressure of Being in the Game
NFT2 weeks ago
Beginners guide to NFTs: What are non-fungible tokens?
NFT2 weeks ago
Solana Bulls Society- The NFT Project That Is About To Change The Game on Passive income