Web2.Domains: A New Frontier For Web2 Domains

Web2.Domains is bringing Web2 domains onchain.

First off, what does this mean?

You can register an open domain and mint it as an NFT on the Ethereum blockchain. This name will live in your wallet and can be controlled at Web2.domains (Set DNS/Nameservers, Transfer Out, etc).

You might ask yourself why? 🤔

  • Pay with ETH

  • Sell with ETH (& various other cryptos)

  • Instant Settlement - No need to wait for those long payment processing periods to get paid for your sales

  • Instant Transfers - No headaches, simply send your domain to another wallet by sending the NFT

  • Centralized Liquidity - Ironically in the decentralized Ethereum world, we have centralized liquidity in our NFT marketplaces

    • The unique ability to view, search and filter a collection of items in one place creates a massive benefit in regards to selling your name

      • Domainers can trade with ease and bid on a variety of names with a push of a button

  • No Middleman (Broker) Needed to Sell - Due to the trustless nature of smart contracts, a broker is not needed to handle the transaction

    • When listed and sold on a marketplace (like Opensea), the NFT will transfer to the buyer and you will receive the funds safely

  • Low to Zero Selling Fees - Typically NFT marketplaces charge a 0% to 2.5% fee on sales

    • Depending on where you list, it will vary. Some marketplaces have a 0% fee, meaning you take all the money from the sale!

      • The typical Web2 domain broker transaction is anywhere from 4% to 25%!

  • No web2 accounts or passwords required, just an ETH wallet :)

Perfection is strived for but there are constraints we have to abide by.

Let's go over some important critiques 👇

  • Gas Fees Required - You need to pay gas to mint your domain and/or send it to others

    • Solution: Working on L2 solutions (ex. Arbitrum) to get these fees to cents rather than dollars

  • Domain Web2 Custody - Your name is technically held by Web2.Domains business account at Google Domains, however you have full control and ownership

    • Solution: If you ever want to take full (web2) custody of your name, just transfer the name out to your web2 domain registrar (GoDaddy, Namecheap, Google Domains, etc.)

Web2.Domains is creating a robust system to bridge Web2 domains to Web3.

Buying a domain is as simple as going to Web2.Domains, connecting your wallet and searching for a new name to mint.

Harness the power of Web3 at Web2.Domains.