Blockchain domain company Unstoppable Domains will no longer charge clients gas fees to mint an NFT …. Cryptocurrency Mining Domains…domain name since today, the business revealed. Unstoppable has finished the first phase of its move to Polygon, a layer-2 scaling solution for Ethereum which is able to accelerate deals and mitigate fees.
At First, Unstoppable Domains used the Zilliqa blockchain prior to relocating to Ethereum and now Polygon, which touts itself as ” the environmentally friendly blockchain scaling Ethereum.”.
” Gas” on Ethereum refers to the variable expense of making any sort of deal on the network and can often get quite expensive. For example, gas fees to mint a single domain on Unstoppable Domains via Ethereum were as high as $100. While Ethereum is presently in the process of upgrading its network to minimize such costs, it’s uncertain when the upgrade will be complete, which may help describe why Unstoppable Domains selected to move to Polygon now.
Unlike numerous other NFTs, which are frequently associated with visual art such as images, gifs, or brief videos, NFT domain names are just web domain names that exist on a blockchain. These domains also serve the double purpose of providing brief, easy-to-remember crypto wallet addresses, much like the “.
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Brave Co-Founder: ‘User Option’ At Heart of Crypto Web Domains.
2 weeks ago, privacy-focused browser Brave included assistance for decentralized domain names from Unstoppable Domains. Executives from both business informed Decrypt that the advantage of the decent …
2 min read.
Ekin GençMay 31, 2021.
Unstoppable Domains declares that more than 1.5 million NFT domain names have been set up through its service since 2018. The business allows users to acquire domain names ending in.crypto,.
Now that Unstoppable Domains is moving to Polygon, the company plans to offer assistance for domain management along with transfer options for those with older Zilliqa and Ethereum-minted domains. At the end of the month, users will be able to establish domains on Polygon with their cryptocurrency addresses as well as add other features like NFT galleries and social media links. If users want to move their domains from Polygon to Ethereum, they’ll be able to do so at some point in early 2022, however Ethereum gas costs will apply..
like yeah yeah i signed i comprehend like this that’s my wallet right now we need to say set the owner of this domain name to this address click i understand now you have set a custom-made gas rate and after that we have to sign the transaction and there you go fine so what’s going to happen right here is alert insufficient funds that’s totally normal okay because this is a brand new wallet i do not have any ethereum in this so i can’t in fact pay for the gas fees to really claim this therefore again you have a few different alternatives so you can either go here and purchase a claim credit let me just navigate back to the home page there we go so we can purchase a claim credit right here if we want to declare uh our domain or you can just wait so the other choice is simply to put ethereum in this wallet yourself so you can go to coinbase buy ethereum move the ethereum to this meta mask wallet and after that you can pay for the ethereum that way or you can simply wait up until they create an option which they’re dealing with as a method to claim your domain name free of charge alright everyone that’s it for this video on unstoppable domain so these domain are unstoppable because they are connected to the blockchain you own them forever and nobody can take it away from yo.
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exists we go they’ve emailed the receipt to my email and after that they’ve also once again showed me just how much i paid so if i go here to go to my domains now i actually own turtlecat.crypto what i can do is that’s currently not minted nevertheless what i can do is i can do a free mint and right now they really have a layer 2 ability which means you can mint free of charge on polygon and we’re going to do and continue that they’re going to send us a confirmation code and over here on the other display i’m going to discover it and instead of trying to type it in i’m unsure if that’s an i or a 1 so i’m just going to paste it in there we go it worked i’m going to use metamask to mint and after that this is generally validating that we actually own this wallet and then this is the address that it’s going to be sent out to so we basically simply click i understand and after that confirm it and now turtle feline dot crypto will constantly be related to this account so i went ahead and i went up here to domains and then picked my domains let me get it here and then i clicked on the turtle cat.crypto that i bought and you click on manage and this enables you to edit all of your wallet addresses so you can see here i might simply input my bitcoin address my ethereum address which has immediately been included litecoin xrp zill and using this ad currency i can include.
any other currency that they have actually listed for example i could add cardano and you can see that it’s been added here and then i merely just paste in my cardano address and confirm changes and that’ll basically make it so whenever someone sends cash to turtlecat.crypto it’ll go to this ada address now likewise before i end this video i wanted to show you that you can actually modify the website stuff but it will be coming quickly you can likewise confirm your domains you can add profile there’s like pictures and things you can do and certainly you can move or sell your domain so it’s a lot of really cool functions on unstoppable domains but i wanted to say one more thing real fast at the end of this video i believe for cyber monday they’re really doing a buy one get one sale.