Today, most Internet users only know domains as a combination of letters that they type into their browser. What many don’t realize, however, is that domains were meant for much more than just displaying a website, like sending emails and making payments. So why aren’t domains taking advantage of these extra features? In short, it is under the control of central servers. In this case, centralization is accompanied by greater control, which in turn hampers innovation.
Fortunately, the rise of NFTs and decentralized technologies has proven that once high barriers can be removed. 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 provide opportunities such as support for decentralized websites, full control over domain management, and developers can innovate. Not only what is entered in the browser plays a role here. In fact, NFT domains are considered the catalyst for the transformation of the Internet as the world knows it today.
Quik.com recognized the huge potential of NFT domains. This website claims to be “the world’s leading blockchain marketplace for NFT domains”. The platform enables 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 it wants to “offer a creative NFT domain for the internet of tomorrow”.
Serving as a gateway to Web 3.0, the Quik ecosystem aims to help businesses move from Web 2.0, a centralized system, to Web 3.0, a future permissionless and persistent Internet. Ultimately, users can regain the freedom lost in the transition from Web 1.0 to Web 2.0 and head into the decentralized future that experts say is inevitable.
own instead of rent
The system relies on traditional domain sales. This allows buyers to browse listings using an advanced search system and offer blockchain domains to users with minimal effort. The difference with traditional domains is the base, namely a blockchain infrastructure.
With the blockchain, NFT domains are no longer rented, but owned by the user. Therefore, a one-time registration fee is charged for the domain. After that, you will never have to pay anything again. Beneficial ownership also means that the original publisher is entitled to a perpetual royalty of between 5-10% on each subsequent sale of the domain.
Once launched, users can visit top-level domains (TLDs) such as .doge, .shib, .vr, .bored, .blockchain, .web3 and .metaverse, which at the same time represent an original work of art . This allows users to access the Internet of tomorrow through a gateway of their choice. However, the embossing capability of TLDs will be limited. This means that whoever comes first can also shape first.
These initial TLDs will run on the Ethereum (ETH) blockchain, but Quik.com plans to add other blockchains, including Solana (SOL), Binance Smart Chain (BSC), and GateChain.
Within the Quik ecosystem, domain owners can use their domain as a website URL, a universal username for apps and websites, or 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
Following the launch of Quik’s Marketplace for NFT domains, scheduled for late February 2022, the team intends to remain focused on rolling out extensions for web browsers, including their own, and partnering with several major cryptocurrency such as Coinbase. Through these partnerships, exchanges can then use Quik NFT domains in place of existing wallet addresses.
Quik.com is also holding a private presale of QUIK tokens, which will be followed by a public token sale.
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