it is totally possible for your domain name to be seized…Nft.Com Domain Sale… You’re renting it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve discussed this approved monopoly system before which you can find out more about in my “Domain frequently asked question” video but you don’t own your domain. It’s actually difficult to own a conventional domain name. You may have seen, I stated conventional domain name because a business’s working on a new type of domain that you can own outright. I had the possibility to speak with Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I simply thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it means that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
– Right now, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re trusting the computer registry not to change costs or take the domain away from you in the future.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be sincere, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this space. But today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the web. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.