Crypto domains: what they are

Crypto domains: what they are

Crypto domains: what they are.

Worldwide there are more than 400 million web domains registered every year, which are divided into different categories.

The gTLDs are the most traditional domains and include extensions such as .com, .net and .info. At least 200 million are registered annually. 

New gTLDs are the newer domains, with extensions like .xyz and .online. In 2021 there were over 27 million total registrations. 

ccTLDs are the national domains and include extensions such as .uk, .it, .eu. Among the most used extensions in the world there is .cn corresponding to China. 

Finally, there are blockchain domains which differ from the previously mentioned categories. They are crypto domains and differ from traditional domains as they are registered on the blockchain. Currently, there are over a million of them.


The advantages of crypto domains.

Crypto domains are NFTs as they are unique and non-fungible: moreover they have an important value as they represent the digital real estate on which companies build their businesses. Not surprisingly, the win.crypto domain was announced as one of the most expensive sales of an NFT domain name, selling for $100,000.
Crypto domains offer several advantages over traditional domains:
  1. Users can use them as payment gateways for cryptocurrencies.
  2. They don’t require ICANN approval.
  3. Government authorities or traditional domain providers can’t remove crypto domains. 
  4. The website owner stores the domain on the blockchain and is the only one who has access to it (no third party can move or seize the data and the site).
  5. No renewal: once paid, the domain remains with the owner forever.
  6. Agile transfers: blockchain domains do not require a deposit agent to exchange the domain or funds securely. This transfer can happen in less than 1 minute, to or from anywhere in the world.

Where can I buy crypto domains?

Currently you can buy crypto domains on Cloudname, where you can also decide to tokenize, trade or rent them. 

Are you ready to buy your first blockchain domain?? 
 
Join the Cloudname Community now and start now!

Cloudname is the innovative platform for online domain trading. Discover the world of cloudname and everything you didn’t know about domain trading.

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