Web3 domain names are the starting point for three next-generation technologies: Web 3.0, Blockchain, and Metaverse. Web3 domain names can be used as: – Web 3.0 websites and apps addresses; – Cryptocurrency wallet addresses that are human-readable and easy to remember; – Metaverse user IDs with NFT authentications; – Collectable NFTs.
Web3 domain names are NFT tokens. Like rare pieces of art, Web3 domain names have collection and trade values. – In 1999, the domain name business.com was sold for $7.5 million. In 2007, business.com was resold for $350 million. – In August 2021, Budweiser purchased the domain name bear.eth for 30 ETHs, now valued at around $120k. – In 2017, the domain name darkmarket.eth was sold for 20,103 ETHs, now valued at around $80 million.
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