What is Cloudname?

What is Cloudname?

Cloudname is a simple yet powerful tool through which you can discover new domains and find meaningful data on domain market.

Cloudname offers a complete domain trading experience, with statistics that update in real time and new domains uploaded to the platform every day.

At Cloudname you can:

  1. Buy traditional and web3 (crypto) domains;
  2. Sell your domains;
  3. Buy the perfect domain for your brand;
  4. Buy a domain as an investment;
  5. Decide the currency you want to be paid with when selling a domain (FIAT or crypto: USDT, WETH, WBNB, BUSD, CNAME);
  6. Invest in Crypto! Cloudname has its own $CNAME token, which lends itself to traditional cryptocurrency trading but also to domain buying and selling. Yes, in fact you can choose to get paid in CNAME when you sell a domain!

What makes Cloudname special? Our values, which meet those of our customers every day. Cloudname talks openly with its customers to receive feedback and keep up with the latest news from the domain market.

In addition, Cloudname takes a collaborative approach to the market every day: we at Cloudname believe in the value of true partnerships and cooperation to benefit our customers.

Getting Started

OK, now you know a little bit about Cloudname, but you may be wondering: where do I start? Well, Cloudname is as simple to understand as it is useful for your investment.

Just go to the Marketplace and search for the domain that suits you: use the search bar or the search filters to find what you are looking for more easily.

Don’t want to buy a domain, but want to sell one? No sooner said than done! Create a Cloudname account and list your domain in just a few clicks. Find out how here.

Cloudname guarantees all its customers

How to get paid in Crypto?

How to get paid in Crypto?

If you have not done so already, download Metamask here.

CNAME_Metamask

How to add BSC Network

Once you have downloaded and set up Metamask as instructed, add the BSC network. To do so, open Metamask and click on your Profile Image at the top right corner of the page.

Then, click on settings.

CNAME_network

On the Settings page, we want to locate the Networks menu.

Marketplace_settings

We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one – it doesn’t come packaged with MetaMask. Below are the parameters to fill in.

BSC network 

Network Name: Smart Chain

New RPC URL: https://bsc-dataseed.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com


Once you Save the Network and return to the main view, you’ll notice two things: the network has automatically been set to the one you just entered, and the units are no longer denominated in ETH, but in BNB.

cname_smart_chain

How to Import tokens (and get paid in cryptocurrencies)

The BSC network allows you to view the tokens that are transferred to you: once entered, they will automatically appear on your wallet.

The process when adding a token is the same for everyone, only some basic information changes. So:

  1. Choose the token you prefer (USDT, WETH, WBNB, BUSD, CNAME);
  2. Enter the corresponding information into your wallet;
  3. That’ s it!


Specifically, make sure you are on the BSC network. If you are not, click on the BSC network and scroll down the wallet until you find the link ‘Import tokens’ and click on it.

import_tokens

Now all you have to do is copy and paste the informations about the token you want to import into your wallet and then, click ‘Add custom token’.

import_cryptocurrencies

Below you will find the information to be copied and pasted into the fields of the  ‘Import token’ function:

 
  • USDT
  • 0x55d398326f99059fF775485246999027B3197955
  • USDT
  • 18
 
  • WETH
  • 0x4DB5a66E937A9F4473fA95b1cAF1d1E1D62E29EA
  • WETH
  • 18
 
  • WBNB
  • 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
  • WBNB
  • 18
 
  • BUSD
  • 0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56
  • BUSD
  • 18
 
  • CNAME
  • 0xfc3514474306e2d4aa8350fd8fa9c46c165fe8cd
  • CNAME
  • 18

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

How do I list a domain on Cloudname?

How do I list a domain on Cloudname?

Log in to Cloudname and click on your name at the top left.

Click on dashboard, profile, transactions or settings: you can list domains on Cloudname from each of these pages.

Now click on the Add a domain button: this will open a page where you can write the name of the domain you own.

On the following pages, enter:

  1. the description: i.e. a short sentence to describe the potential of your domain name;
  2. the category: i.e. the topic/market your domain name refers to;
  3. tags: these tags will enable your domain name to be found more easily by possible buyers.

After entering this information, you may be faced with one of two scenarios, in which you can:

  1. verify the ownership of your web3 (crypto) domain;
  2. verify ownership of your traditional domain (.com, .xyz, .net, etc).

How to verify ownership of a web3 domain and list it on the Marketplace

Don’t feel like reading this tutorial? Don’t worry, we have made a video for you.

If you have uploaded a web3 domain, Cloudname will ask you to verify your domain by connecting the metamask wallet on which you have minted (and on which you own) your domain. To do so, click on the Verify now button.

You will then find yourself on the Domain Detail page, similar to this one. Click on Connect Metamask, then on Sign in to verify.

It is possible that Cloudname will ask you several times to sign in to Metamask to verify domain ownership, but fear not. This depends on whether or not you have previously connected your crypto wallet to Metamask.

If the domain you uploaded is owned by you, the verification will take place correctly and Cloudname will confirm this via this screen. To decide on the price of the domain for sale, click on the Return to Details button.

Now, on the Detail page of your domain, by clicking on Edit, you can enter:

  1. the price of the domain at which you want it to be purchased;
  2. whether you accept both FIAT and crypto payments;
  3. which type of currency you prefer to be paid.

Note: Before you can set a sales price for your domain, you must have set up your preferred payment gateway:

  • Metamask if you want to be paid in crypto; it only takes a few clicks to do this, find out how here.
  • Stripe if you want to be paid in FIAT.

Once you have set up your preferred payment gateway and set a price for your domain, you can offer your web3 domain for sale and publish it on the marketplace.

To do this, click on the Published tick at the top of your domain’s detail page.

Why You Should Purchase an NFT Domain – Your Full Guide

Why You Should Purchase an NFT Domain - Your Full Guide

NFT domains have been booming over the past months, and it’s easy to see why they’re so popular. They’re not centralized, you don’t need to pay a third-party company to access it each year, and you own the domain rather than renting it.

But, there are many more reasons why you need an NFT domain. We understand that the concept of NFT domains may seem complicated for inexperienced users. That is why we’ve gathered everything you need to know in this ultimate guide.

Let’s go through all the details of buying one of these tokenized domains on the new web3.

What is an NFT Domain?

NFT domains have a similar principle to traditional ones like those ending in .com, .media, .net, etc. However, the available extensions on the market are currently limited with .coin and .x, to name only a few.

These domains are stored in a crypto wallet instead of a server, and they solely belong to the owner. Just like regular ones, NFT domains can be hosted on platforms like WordPress, and you can create a website.

Once a user buys an NFT domain, they will receive a smart contract to prove that it belongs to them, and no third-party company or individual can seize it.

Pros and Cons of NFT Domains

When mentioning NFT domains, we automatically compare them to traditional ones since they’ve been available to the public for decades. While NFT ones are much more recent, they are well worth it despite facing a few challenges when using them.

The advantages of purchasing and owning an NFT domain are many, and these are the most notable:

  • They can be transferred around the globe immediately,
  • They are stored in a crypto wallet, and owners have complete control over it,
  • There are no renewal fees on NFT domains as opposed to regular domains,
  • The purchaser fully owns the NFT domain, and no one can seize it,
  • They replace crypto addresses originally made up of random letters and numbers.

On the other hand, just like traditional domains, there are some downsides, and they include:

  • The domain extensions can often look less professional when compared to traditional ones,
  • Search engines do not index NFT domains which is an issue for local businesses,
  • NFT domains are based on a different blockchain – the wp3 – not all browsers support it.
  • Lastly, it’s essential to note that only two browsers can properly display websites with NFT domains: Brave and Opera.

7 Reasons to Buy an NFT Domain

Here are all the reasons why you need an NFT domain. Let’s compare these domains to traditional ones and all the associated benefits.

There Are No Renewal Fees

As opposed to regular domains, NFT domains are not rented. There are no monthly or yearly fees to pay like you would with a traditional domain.

This is one of the reasons why you should switch and purchase NFT domains – once you buy one, you own it, and there are no further associated fees. Of course, there’s a registration fee to be paid upon purchase on your chosen platform, such as Cloudname.

In plain words, after buying an NFT domain, it’s yours forever, and no one can request any renewal fees from you.

Your Crypto Transactions Will Be Simplified

If you’ve ever transferred cryptocurrency from one wallet to another, you know how frustrating crypto addresses can be.

While financial institutions and online payment platforms use normal-looking account numbers and email addresses, crypto wallets have a much less user-friendly system. In fact, a crypto wallet address is made up of a series of random numbers and letters like 1234ahgurj45678rucjcn82.

When owing an NFT domain, you can set it up as your crypto address, and it becomes much easier to process these transactions – whether you send or receive crypto. For example, if your NFT domain is abcd.crypto, your friends or clients could send you money to that address rather than copying lots of random numbers and letters.

They Support Endless Currencies and Tokens

Another advantage of purchasing an NFT domain is that many currencies are accepted and can receive tokens and coins.

Navigating crypto has never been that easy, and the blockchain network doesn’t really matter anymore. You can use most of them. Some of the most popular accepted cryptocurrencies and tokens are:

  1. ADA (Cardano)
  2. ATOM (Cosmos)
  3. BNB (Binance Coin)
  4. BTC (Bitcoin)
  5. DOGE (Dogecoin)
  6. DOT (Polkadot)
  7. LTC (Litecoin)
  8. POLY (Polymath)
  9. SOL (Solana)
  10. USDC (USD Coin)

Naturally, there are many more cryptocurrencies accepted and even more are accepted each month.

Your Website Won’t Be Centralized

One of the issues of regular domains is that they are centralized and generally controlled by one entity – such as a government. But, when it comes to NFT domains, they are decentralized, which means governments don’t have control over it.

This means your domain won’t be part of the state’s public system, as it would be if it were a regular domain like .com or .net.

That Domain is Yours and You Control it

As mentioned above, NFT domains are not centralized and, therefore, after purchasing them, they are yours for life. And since there are no renewal fees, you won’t be subject to rules.

Self-custody is one of the reasons why you’ll want to buy your NFT domain, and you can also control it fully without third parties dictating rules to you.

They Are Cheap Compared to Traditional Ones

Sure, this may sound like a controversy since some domains can cost hundreds of thousands of dollars. But, since you only pay once, the costs, in the long run, are much lower.

For example, if we were to buy the domain “hardware.wallet” it would cost us $20,000. On the other hand, “hardware.site” would cost us $3,125 and “hardware.store” $31,250. Note that these last websites are subject to renewal fees as opposed to “hardware.wallet” which is to be paid only once.

You Can Find Many Different Domain Extensions

There currently several domain extensions present on the market:

For example, if we were to buy the domain “hardware.wallet” it would cost us $20,000. On the other hand, “hardware.site” would cost us $3,125 and “hardware.store” $31,250. Note that these last websites are subject to renewal fees as opposed to “hardware.wallet” which is to be paid only once.

  • .x
  • .zil
  • .nft
  • .dao
  • .888
  • .coin
  • .wallet
  • .crypto
  • .bitcoin

There are more than 280 domain extensions on the centralised market, and some of them look more professional to the general public, and we agree. But they look more pro simply because we are used to them.

All in all, you’ll have different choices when it comes to your domain extension, and this is one of the reasons why you should go for one.

Now that you know all the reasons why you need one of these domains instead of regular ones, make sure to head over to Cloudname and get yours today.

What to Do if Your Desired Domain Name Isn’t Available

What to Do if Your Desired Domain Name Isn’t Available

You’ve probably been there – you finally found the domain name you want, you type it in the search box only to see that it’s already taken. While it shouldn’t be a key element to your business’s success, you could have spent hours building it into your business plan.

In this unfortunate case, what to do if the domain name you want is unavailable? You have a few options, certainly more than the common response of ‘let’s find another one.’ Now we will elaborate on all the details in this complete guide.

Do NFT Domains Expire?

The first topic we’ll go through is the expiry of NFT domains. While regular domains indeed expire, allowing new owners to invest in them, domains on Cloudname do not expire. Once you buy it, it’s yours, and you have control over it for life.

If your domain isn’t available and you plan to buy it once it’s expired, it’s simply not an option.

Change it Slightly

Assuming the specific domain you want is now taken, try a comparable name or a synonym. For example, try using a similar term, adding an extra word in or changing the letters slightly and this will undoubtedly increase your chances of finding an available domain.

To give you an idea, “crypto.x” may be taken, but “coin.x” or “cryptocurrency.x” may be available.

Add a Verb to the Domain Extension

This is a great way to personalize your domain and find an available version of it. If you sell NFTs and the collection is “trees NFT,” but it’s unavailable, then try adding “Get” and see if it is.

This is an excellent way for entrepreneurs to find domains that match their field and can be marketed readily.

Choose Another Domain Extension

If your perfect domain isn’t available with the domain extension you want, then try checking other ones. For instance, a domain ending in “.x” could be unavailable since it’s a popular extension. But your domain will probably be available with other extensions like .coin or .wallet.

It’s worth noting that some domain extensions are much pricier than others. “.x” is sometimes twice as expensive as “.wallet”.

Check Other Platforms to Buy from Investors

The investor of an NFT domain owns it for life. However, it’s common to resell NFT and NFT domains on other platforms like OpenSea. That is to say, if you see your dream blockchain domain not being available on Cloudname and you’re not flexible with your choice, you could potentially find it elsewhere.

However, you should know that NFT domains sell fast and, therefore, you could be missing an opportunity if you’re not flexible with your choice.

What is Domain Flipping?

Talking about reselling blockchain domains on other platforms, it’s natural to think about domain flipping, but let’s elaborate on this subject.

Domain flipping is the act of purchasing domain names cheaply and reselling them. While this practice is widespread for regular domains, it’s getting more common in the blockchain space.

Abbreviate Your Domain

Another great way to find an alternative domain is to abbreviate it. In fact, if your domain isn’t available, you could abbreviate it and find a suitable alternative for your business or crypto address.

Let’s say that your business name is “Gallery Smith and John”, you could abbreviate it to “gallerysandj” or “gallerysj”. These are typical examples of domain abbreviations that users find when their domain name isn’t available.

Add a Country to Your Domain Name

When a domain isn’t free for purchase, adding a country extension is a great idea. Nissan has been a famous case, and they added “USA” to their brand name as the domain “nissan.com” was not available.

Suppose that you want to buy a domain for your company called “Ethereum”. Of course, it’s not going to be available, so you could try “Ethereumus” or “Ethereumusa” and you may have more luck in finding your preferred domain name.

Final Thoughts

If your domain name isn’t available, these were all the hacks and alternatives to find one that can suit you and your business.

Of course, people may spend hours finding the perfect domain name, and it’s a shame when it’s not available. But, with a little bit of patience and effort, you can get one that matches your requirements.

What to Do After Buying a Domain

What to Do After Buying a Domain? Your Step-by-Step Guide

You’ve bought your first NFT domain, and maybe you now wonder what the next steps are. Making a website? Using your domain name as your crypto address?

You can do endless things with your NFT domain, and you’ll want to make the most of its functions. If you’re confused about how to use your NFT domain, we’ll go through everything you need to know in this step-by-step guide.

Is it Worth Buying NFT Domains?

With all the hype around NFT domains, it is natural to have some doubts. The same doubts appeared back in the days when cryptocurrencies and NFTs came out. But that didn’t stop these from growing and making people a lot of profit.

Like NFTs, blockchain domains are very much worth buying for multiple reasons. First, once you buy them, you are the owner for life and have complete control over them. Also, you can replace your crypto address with your domain name, which is a great plus, particularly if you use crypto for your transactions.

Apart from that, they are decentralized, which means no authority can seize you in the future. All things considered, yes, it’s worth investing and buying NFT domains.

How to Store Your NFT Domain?​

Once you buy your NFT domain, you’ll want to know where to store it. Unlike regular domains stored on the registrars’ database, NFT ones work a little differently. First of all, you can store your NFT domain on the marketplace you bought it from, like Cloudname. But you can also decide to move it elsewhere for convenience or safety purposes.

The first way to move them from the marketplace’s database is to store them into a hardware wallet. This is the safest way to store your NFT domain as they are disconnected from the internet and, therefore, not accessible to hackers or cyber-attacks.

The second option is to move your NFT domain to your crypto wallet such as Coinbase or MetaMask. While these aren’t as safe as a hardware wallet, they are very convenient and allow users to access them anytime.

What to Do After Buying a Domain?

There you are; you’re finally ready to take action on your blockchain domain after buying it. But you’re confused as to where to start. Let’s elaborate on each step of the process in detail.

1. Connect Your Crypto Wallet

The first step after purchasing your NFT domain is to connect it to your crypto wallet. As mentioned previously, this helps keep it safe, but it also allows you to get the proper permission to become the owner. In fact, if you want to receive full ownership, you’ll have to store it in your wallet.

Not all domains are compatible with all crypto wallets, so it’s good to check beforehand. If you’ve already purchased your domain and it isn’t compatible with your wallet, you’ll have to open a new wallet on another platform.

2. Minting Your NFT Domain

Minting your NFT is an essential step of the process as it allows you to become the genuine owner of the domain. To put it into perspective, it’s like signing the papers and receiving the keys to a new car you just bought.

Or, if you buy an NFT, you’ll be the owner of the smart contract, and this is the same as minting your NFT domain.

After minting your NFT domain, its data and smart contract will be moved from the marketplace’s database to the blockchain and eventually appear in your crypto wallet. Once that is done, you’ll be the official owner of the blockchain domain.

3. Replace Your Crypto Address With Your Domain Name

Now that your NFT domain is in your crypto wallet, you should use one of its most special functions – replacing your crypto address. Crypto addresses are pretty long and uncomfortable to handle transactions as they are long and confusing – e.g. 578rjfr9fjr837x After logging into your cryptocurrency wallet, go to “Receive crypto” and select your NFT domain.

Now that you’ve replaced your crypto address with your NFT domain, you’re ready to receive transactions with your domain.

4. Create a Website

If you successfully complete all the steps above, then making a website is the ultimate goal you should target. That being said, not all browsers natively support web3 (the part of the internet on which NFT domains are based), and you’ll have to either:

  • Use Opera or Brave browsers, which support and display blockchain domains and websites
  • Install a plugin or extension on your favorite browser, allowing you to create a website

Creating a website with your NFT domain isn’t a complex task, and we have several templates available on Cloudname that you should check out.

Conclusion

While these steps after buying an NFT domain can be daunting at first, they are much more straightforward than they sound. After all, blockchain domains are the future of the internet, and they will soon be indexed by search engines, allowing NFT owners to make the most of their assets.

To conclude, purchase your NFT domain today on Cloudname and get ready to embrace the future of the crypto world.

What is an NFT Domain – Everything You Should Know

Everything You Should Know Before Buying a Domain

Choosing a domain name is only the first part of the process, and, with regards to purchasing it, it’s critical to look past a simple web address and consider more elements.

Your domain name will become the homepage of your brand, and once it’s established, you can’t really go back. But apart from getting and purchasing your perfect domain name, what do you need to consider?

This is what we’ll go through in this complete guide. Let’s dive into the subject from what to check before buying to the unwritten rules of NFT domains.

Why a Domain Name is Important

First things first, let’s elaborate on why you need a domain name for your business. There are other utilities other than simply replacing your crypto address with your NFT URL when it comes to blockchain domains.

A domain name, or more specifically, a website, is what makes your brand stand out from the competition and where you showcase your products or portfolio.

While Google doesn’t currently index blockchain domains, they will be in the future, and you should be prepared for what’s to come in the near future.

What are Registrars?

Before discussing all the details of buying a domain, let’s elaborate on the registrars’ essential part of the game.

The registrar of a domain name is an organization that handles reservations of these domains. Registrars have to be accredited by country code top-level in order to execute their function. In plain words, registrars store domain names, and this is where users go to purchase or rent them, such as Cloudname.

What You Should Know Before Buying a Domain

There are several factors to consider before jumping in a buying your domain name. From renting or buying a domain to your registrar’s settings and more, let’s go deep into the details.

Renting or Buying a Domain

Of course, the first thing that comes to your mind is whether buying or renting your domain name is the right option. Price is the most crucial part of any purchase, and when it comes to NFT domains, it can get high pretty quickly, hence why many users decide to rent it.

In terms of NFT domains, will you buy a domain that will be yours for life? Or would you instead rent it and pay renewal fees each month or year?

While buying a domain can seem costly at first, it can undoubtedly prevent you from paying expensive renewal fees each year. In addition, these renewal fees might increase over time, and what will happen if you miss a payment in the future? These are some elements to consider with your registrar when buying or renting a domain.

Lastly, something to keep in mind is the gas fees which are common in the NFT and blockchain world since they have to be paid for each transaction. You will need to pay gas fees when purchasing a domain name and any other potential transactions.

Your Domain Should be Easy to Remember

Before purchasing your domain name, you should always make sure that it’s easy to remember. Whatever your domain name is, one that is easy to read and remember will go a long way in terms of reputation.

Also, when using your NFT domain as your crypto address, you’ll want people to recognize you immediately rather than mistaking you for someone else.

To give you an idea, you definitely don’t want to choose a domain name with several same letters, such as “llll.wallet”. This is easy when copying and pasting, but it gets very complicated when typing it manually.

A Shorter Domain Name is Better

Choosing a short one will make your life easier when you run a business or use your NFT for private purposes. Of course, as mentioned above, keeping it easy to remember is great. But keeping it short rather than long is a massive bonus.

Consider Your Registrar’s Customer Support

Something else to consider is the customer service offered by your registrar. For instance, at Cloudname, we always make sure to reply promptly so that our customers feel confident in us and trust our services.

While you don’t always need a 24/7 service, it will undoubtedly come in handy if you have any issues in the future.

Apart from that, checking the reviews of the registrar, you’re planning to use is essential. You can also try contacting their customer service before purchasing or renting your NFT domain to get an idea of the treatment you’ll receive.

Check the Crypto Wallet Compatibility

One of the reasons users buy an NFT domain is to replace their crypto wallet address. Because of this, you will want to check the compatibility with your cryptocurrency platforms like Coinbase or MetaMask. You might not make use of this for the moment, but it will be very nice to have if you decide, one day, to replace your crypto address.

After all, if you purchase an NFT domain, it makes sense to use all of its functionalities.

Consider Different Domain Extensions

While .com is the world’s most used domain extension, it doesn’t mean that other extensions are not appropriate for business or private purposes.

In the NFT world, the extensions are much different from regular ones, and they include:

  • .x
  • .coin
  • .wallet
  • .bitcoin
  • .zil
  • .nft
  • .dao
  • .888

As you can see, these are much different from standard domain extensions like .net or .info, but they will get much more common in the future.

It’s worth noting that the price of these extensions vary, and you’ll want to compare the price of each before proceeding to pay.

The Compatibility of Browsers

While most browsers do not natively support NFT domains and websites, alternative solutions are coming to the market. The 2 browsers that natively display NFT domains are Brave and Opera.

However, other mainstream browsers like Google Chrome, Firefox, Safari, and mobile devices are releasing extensions and plugins to support these new domains.

To sum up, while there are indeed plugins to display your future website, this is one of the elements to consider before paying.

Web3 Terms – NFT Domains 101

Web3 Terms - NFT Domains 101

You’re ready to buy your first token, and you’re researching what NFT domains are including their pros and cons, and you stumble across some strange terms that you’ve never seen before.

NFT domains are decentralized on the blockchain, they can be transferred from one wallet to another, and many cryptocurrencies are accepted, such as Bitcoin and Ethereum. If this last sentence doesn’t make any sense to you, make sure to read this glossary until the end to feel more comfortable as an investor in the industry. These terms are valid for both the NFT domain world and everything related to cryptocurrencies.

  • ATH- All-Time High – the most expensive cost an asset (cryptocurrency, NFT, NFT domain, etc.) has at any point had.
  •  
  • ATL- All-Time Low – the cheapest cost an asset (cryptocurrency, NFT, NFT domain, etc.) has at any point had.
  •  
  • Bear Market – an extended time of decrease in a financial market.
  •  
  • Bearish – like a bear market, this alludes to having a negative viewpoint of a market or asset’s worth. Assuming that you are negative on a specific crypto coin, you have the firm belief that its worth will diminish over the long run.
  •  
  • Bitcoin (BTC) – the first decentralized, shared, advanced cryptocurrency, created by a person with the pseudonym of Satoshi Nakamoto back in 2009. It is the most expensive, versatile, and accepted currency.
  •  
  • Blockchain – an open computerized record used to store and move data without the requirement for a central entity. Blockchains are the innovation on which cryptocurrency conventions such as Bitcoin are constructed.
  •  
  • Bullish – we use the term bullish when having a hopeful point of view that a market or coin will increase in cost. Assuming you’re bullish on Ethereum, you think that its worth will keep on rising over the long run.
  •  
  • Burn – burning means eliminating tokens from a crypto supply, usually finished by sending them to an out-of-reach wallet address. Other digital assets, like NFTs and NFT domains, can likewise be burned using a similar process.
  •  
  • Centralized – a hierarchical design where authorities and their entities are concentrated inside a little gathering of leaders and decision-makers – usually governments.
  •  
  • CEX- Centralized Exchange – a centralized exchange is a platform where users can trade, buy, or sell cryptocurrencies. These platforms are centralized, meaning controlled and monitored by entities like Coinbase and Binance.
  •  
  • Coin – a coin is essentially the digital equivalent of a physical currency, but money is based on its own local blockchain in the crypto market. Among the most potent and valuable coins, we can find Bitcoin, Ethereum, Solana, and Litecoin.
  •  
  • Collateral – any asset acknowledged as security for a credit or a loan. For example, an actual asset like land, or a digital one like an NFT or a blockchain domain.
  •  
  • Cryptocurrency – an advanced digital asset intended to be utilized as a mechanism of trade. Digital forms of money are borderless and secure and kept up with by blockchains instead of brought together on state-run administrations.
  •  
  • DAO- Decentralized Autonomous Organization – an association of open-source code administered by its users. DAOs typically center around a particular undertaking and exchange the hierarchical frameworks of inheritance corporations for rules on the blockchain.
  •  
  • Dapp – Decentralized Application – an application based on open-source code that is hosted on the blockchain. Dapps are free of centralized groups or figures and frequently boost their users, compensating them with coins or some assets.
  •  
  • Data – with regards to the web, data refers to a client’s own data, like name and surname, age, demographics, interests, browsing history, preferences, and much more.
  •  
  • Decentralized – Fundamentally, the opposite of centralized. A decentralized system is free of authorities’ control – usually a government.
  •  
  • DEX- Decentralized Exchange – a shared digital currency trade based on the blockchain. A decentralized exchange is controlled by its users and smart contracts rather than a unified organization. The most typical example is Uniswap.
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  • Ethereum (ETH) – like Bitcoin, ETH is another helpful coin in the crypto market and allows the purchase of NFT domains, NFTs, pay gas fees, and more. But apart from that.
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  • Fiat – a real-world currency regulated by a government like the USD, the CAD, or the GBP.
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  • Fungible – an interchangeable asset; replaceable with a different asset of the same type. For example, currencies are fungible; you can exchange US Dollars for Canadian Dollars.
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  • Gas – a fee charged to a user to process a financial transaction and validate a smart contract. For instance, on top of the NFT domain cost, a transaction fee will be applied to issue the contract. Typically, these fees would be minimal when using a credit card, but they can even get to thousands of dollars on decentralized platforms.
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  • Liquidity – how effectively an asset can be purchased, sold or exchanged on the market.
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  • Liquidity Pool – a collection of funds from users locked by a smart contract on the blockchain to work with exchanging on a DeFi stage. On decentralized platforms, the liquidity pool has to be gathered by the users since there is no funding by any government or central government.
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  • Market Cap – the total worth of a coin or asset because of its present market cost. A cryptocurrency market cap is made by increasing the price of a single currency by its supply.
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  • Metaverse – a hypothetical and organized internet-based space with digital assets and conditions that users possess – these users become avatars in this online world. The metaverse is, simply put, the future of the internet as we know it now. The metaverse is accessed through different devices and using augmented reality.
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  • Minting – minting is the process of validating a token and its information and registering it on the blockchain. For instance, we “mint” an NFT or an NFT domain.
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  • NFT Domains – domains registered on the blockchain instead of centralized platforms. NFT domains are fully controlled by their owner and can be used for several purposes, such as replacing a crypto address or building an online gallery. As opposed to normal domains ending in .com or .net, these end in .x, .coin, .wallet, or .crypto, to name only a few.
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  • NFT (Non-fungible token) – NFT are the opposite of fungible tokens. A non-fungible token is a digital certificate utilized to verify a digital asset’s ownership. Unlike fungible assets, NFTs cannot be exchanged for other assets of the same kind. For instance, a domain bought on Cloudname cannot be exchanged with another one.
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  • Seed Phrase – a sentence made up of random words used as a password – generally for a crypto wallet. For example, a seed phrase could be “station wallet home fact sky computer vault”. Since a wallet can host several accounts, this seed phrase is the master password to access all of them.
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  • Smart Contract – smart contracts are issued when purchasing a digital asset such as an NFT domain and serve as an intermediary without other people or authorities involved. For instance, a smart contract will be issued to an investor by the seller when buying an NFT.
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  • Wallet – an application or device used to store private keys to blockchain resources and assets like cryptocurrencies, NFT domains, and NFTs. In contrast to a traditional wallet, a wallet hosted on the blockchain doesn’t actually store the assets themselves and, instead, their keys and smart contracts. The most popular wallets on the blockchain are Metamask and Coinbase.
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  • Web3 – the latest incarnation of the web, which highly influences blockchain innovation and open-source applications. Of course, the decentralization of data and personal information will be processed too. Web3 targets the removal of control of the web from monopolistic tech organizations.

Sending Crypto Using Your NFT Domain

Sending Crypto Using Your NFT Domain

Sending and receiving crypto has been relatively easy for those with an interest and understanding of crypto technology. With over 250,000 transactions every day, we can also easily see where the future of finance is going. But what if we told you there was an even easier way to process crypto transactions?

NFT domains are currently playing a significant role in the market and allowing users to change their crypto addresses, making them much more user-friendly and accessible to the general public.

Whether it’s receiving or sending crypto, we’ll tell you everything in this ultimate guide.

What are NFT Domains?

NFT domains (also called blockchain domains) are the future of the traditional domain system, as we can find online right now. NFT domains are decentralized, which means that the owner wholly owns it is once he purchases it.

Standard domains normally end in .com, .media, .net, and so on. But on the other hand, blockchain domains can end in .x, .wallet, .888, and .coin, among other extensions.

They have become an essential part of the crypto world as they are a way to personalize a crypto address, making it simple to send and receive crypto.

How are NFT Domains Beneficial to the Crypto World?

NFTs have been popular for several years for their technology and for artists and investors to make money out of the system. Naturally, there are other benefits to enjoy and facilitating crypto transactions, is one of the most notable.

When you buy an NFT domain, you receive a smart contract to verify you fully own it and, therefore, eliminate intermediaries. Blockchain domains are beneficial to the crypto world since users can send and receive crypto much easier and quicker than ever before.

So, to the question, are NFT domains worth it? the answer is a clear yes!

How to Send and Receive Crypto Using Your NFT Domain

Since the launch of NFT domains and their compatibility with the crypto platforms, sending and receiving cryptocurrencies has become effortless. Let’s go into the details step-by-step.

Open a Crypto Wallet

The first thing you should do to buy, sell, send, and receive crypto is open a wallet. If you happen to already have a crypto wallet, move on to the next point; if not, keep reading.

Opening a crypto wallet is very easy, and there are numerous ones on the market to choose from. The most popular ones are:

  • Coinbase
  • MetaMask
  • Binance
  • KuCoin
  • Electrum

We recommend starting with Coinbase or MetaMask since they are the easiest to use. You will need a crypto wallet to buy your NFT domain, as it can only be purchased using Ethereum or Bitcoin.

Once you’ve opened your crypto wallet, you’re ready to buy your NFT domain on Cloudname. After carefully choosing your domain name and paying the gas fees, proceed to the next point.

Mint and Move Your NFT Domain to Your Crypto Wallet

In order to get full ownership of your NFT domain and to keep it safe, you’ll have to mint it and transfer it to your crypto wallet. To mint your domain on Polygon, head over to your profile on Cloudname and click on “Mint Your Domain on Polygon”.

After that, click on “add wallet” and insert your crypto address – you’ll be able to choose between different crypto wallets. Choose yours, sign in, and click on “Transfer Domain to Crypto Wallet”.

Once you’re done, you will be able to see your NFT domain in your wallet.

Sending Crypto to Your NFT Domain

You’re nearly ready to start receiving crypto with your NFT domain. Once you log into your crypto wallet, select “Receive Crypto” and choose your NFT domain. You can give that address to the recipients or send the QR code.

With Cloudname, you’ll have the option to receive numerous cryptocurrencies from Bitcoin to Ethereum and many others, and that is a much easier way to deal with these transactions.

The Takeaway

Now that you’ve successfully set up your NFT domain and stored it in your crypto wallet, making transactions will be extremely simple. As mentioned above, when using Cloudname, you’ll be able to receive numerous different cryptocurrencies.

How to Choose the Best NFT Domain Name

How to Choose the Best NFT Domain Name

You’ve done your part of the research and are now ready to buy your very first NFT domain. But a simple yet annoying issue arises – you don’t know what domain name to choose. The possibilities are endless, and most of the options you think about seem to be available for sale.

While some ideas might be obvious, like your business name, it isn’t always that straightforward. Because we don’t want you to waste your time and potentially miss out on your right NFT domain name, we’ve gathered all the factors you should consider here.

This is what we’ll go through in this complete guide. Let’s dive into the subject from what to check before buying to the unwritten rules of NFT domains.

Do Domain Names Actually Matter?

While your domain name isn’t the main factor in making your website or organization successful, it can be a great help if planned carefully. On the other hand, if not chosen carefully, it can damage your chances.

For this reason, don’t spend ages choosing your domain name but make it easy to remember and keep it related to your business or market that you operate within.

Is it Worth Buying a Premium Domain Name?

Buying a premium domain rather than a standard one can highly impact your chances to rank and grow a business when it comes to regular domains.

But when it comes to blockchain domains on Cloudname, the shorter it is, and the more common the word is, the higher the price. Generally speaking, domain names like “marketing.crypto”, “wallet.crypto”, or “business.x” are worth hundreds of thousands of dollars and, potentially, in the future, millions.

However, other than buying and reselling them to make some profit, investing in a premium NFT domain as of now isn’t worth it unless you’re an investor with a large enough budget to risk on single purchases.

Keep it Simple

The key to choosing the best NFT domain name is to make it easy to remember, keep it short, and use common words that users will remember. Try avoiding uncommon words, dialects, and general gibberish.

Once you start receiving your first users on the website, it would be a shame if your users can’t remember your name. In the long run, this will make your conversion rate more difficult to grow.

To help visualize this, we can see that a simple domain name such as “cryptoexchange.x” is much easier to remember than “centralizedexchangedwallets.nft”.

The Shorter the Better

The easiest domain name you can choose is your name and surname. But, if you want to keep it private or confidential, then using your username on social media is also a great idea.

If you happen to have an audience on social media like Facebook or Twitter, then reusing your username will make it easier for people to remember you and find your domain and crypto wallet.

Be Consistent

While long domain names have some advantages, short ones are much better for you, the owner, and your visitors and clients. That said, when dealing with NFT domains, short ones can be very costly – for instance, standard ones like “money.x” or “web.wallet” can cost hundreds of thousands of dollars.

Think about a few domain names and if needed, try to include an extra word or two to find the hidden gem that won’t cost you a fortune.

The Perfect NFT Domain Name Doesn’t Exist

Honestly speaking, as much as you can think about it, the perfect domain name doesn’t exist. But, what can make it as great as possible is to keep it short and consistent, as we talked about above.

If you’re purchasing your first domain, you may be spending hours thinking about the domain you want, but in reality, keeping it simple to remember for other users and brandable will suffice.

Try to Avoid Hyphens and Numbers

Hyphens and numbers can be some of the most annoying elements to use in a domain name, especially if you plan to market your business – online or offline. For instance, people may not know if you use the number 4 or spell it out as “four”.

The same goes for hyphens, they can be confused with dashes or underscores, and users will be redirected to another domain, even maybe to your competitor. Needless to say, they could even be displaced in the URL, which could be a massive mistake for the future.

To sum up, stick to letters and make the most out of your blockchain domain.

Your Domain Name Should be Related to Your Activity - Use Keywords

While Google doesn’t currently index NFT domains, they might be in the future, and, therefore, you’ll want your main keyword to be included where possible.

To give you an example, if you manage a digital marketing agency, your keyword could be “marketing online” and purchasing a domain name as “marketingonline.x” will definitely help.

This applies to all industries, crypto and NFT included.

Check Your Competitors

If you’re willing to purchase an NFT domain to market it and grow a business, then you’ll have to check what other investors are doing – and that is an essential part of any marketing plan.

Analyze them, get inspired, and find the right domain name to outrank them while making your crypto address look more professional.