Most Internet users today define domains as a combination of characters that they enter into their browser. However, what many don’t realize is that domains were meant for more than just displaying a website, such as sending emails and making payments. So why don’t domains take advantage of these additional features? In short, it is under the control of central servers. As it happens, centralization comes with greater control, which in turn hampers innovation.
Fortunately, the advent of NFTs and decentralized technologies has proven that previously high barriers can be broken. With decentralized domains, users retain full control of their assets, which are verified on the blockchain and stored in a virtual wallet similar to a cryptocurrency.
These domains then present opportunities such as support for decentralized websites, full domain management control, and developers can innovate. Not only what is entered into the browser plays a role here. Indeed, the NFT domains are seen as a catalyst for transforming the Internet as the world knows it today.
Quik.com realizes the huge potential of NFT domains. This website claims to be the “world’s first blockchain marketplace for NFT domains.” The platform allows for the buying and selling of blockchain-based NFT domains and includes a domain name registry where users can browse specific listings.
With this project, the team behind Quik says they want to “bring the creative field of NFT to the Internet of tomorrow”.
The Quik ecosystem serves as a gateway to Web 3.0, and aims to help businesses transition from Web 2.0, a centralized system, to Web 3.0, the future of a perpetual, unlicensed Internet. Ultimately, users can regain the freedom lost in moving from Web 1.0 to Web 2.0 and moving toward the decentralized future that experts say is inevitable.
Own rather than rent
The system is based on traditional domain sales. This allows buyers to browse through listings using an advanced search system and present blockchain domains to users with minimal effort. The difference in the traditional domains is the foundation, i.e. the blockchain infrastructure.
With the blockchain, NFT domains are no longer rented, but owned by the user. Therefore, a one-time registration fee for the domain is charged. After that, you will never have to pay anything for it again. Actual ownership also means that the original publisher is entitled to a permanent royalty of between 5 percent and 10 percent on each subsequent sale of the domain.
Once launched, users can visit Top Level Domains (TLDs) such as .doge and . shib and . vr and .bored and . blockchain, .web3, and . metaverse, which at the same time represents an original work of art. This allows users to access the Internet of tomorrow through a portal of their choice. However, engraving capacity in TLDs will be limited. This means that first come first may also form.
These initial TLDs will run on the Ethereum (ETH) blockchain, but Quik.com plans to add more blockchains, including Solana (SOL), Binance Smart Chain (BSC), and GateChain.
Within the Quik ecosystem, domain owners can use their domain as a website URL, as a global username for apps and websites, or as a payment address for their wallet. These use cases are just the beginning and more will be added as the ecosystem evolves.
From domain names to wallet addresses
After the Quik market launch for NFT domains, scheduled for late February 2022, the team intends to continue focusing on the rollout of extensions for web browsers, including their own, and partnerships with several major cryptocurrency wallets such as Coinbase. Through these partnerships, exchanges can then use Quik NFT domains in place of existing wallet addresses.
Quik.com is also hosting a special QUIK token pre-sale, which will be followed by a public token sale.
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