Blockchain domain company Unstoppable Domains will no longer charge customers gas fees to mint an NFT …. Purchasing Namecoin…domain as of today, the business revealed. Unstoppable has completed the first phase of its move to Polygon, a layer-2 scaling option for Ethereum which has the ability to speed up transactions and alleviate fees.
Unstoppable Domains made use of the Zilliqa blockchain prior to moving to Ethereum and now Polygon, which promotes itself as ” the eco-friendly blockchain scaling Ethereum.”.
” Gas” on Ethereum describes the variable cost of making any sort of transaction on the network and can typically get quite pricey. For instance, gas fees to mint a single domain on Unstoppable Domains through Ethereum were as high as $100. While Ethereum is presently in the process of updating its network to reduce such costs, it’s unclear when the upgrade will be total, which might assist discuss why Unstoppable Domains chose to move to Polygon now.
Unlike numerous other NFTs, which are often related to visual art such as images, gifs, or short videos, NFT domain names are simply web domain that exist on a blockchain. NFTs are tokens that can be used to represent ownership over numerous kinds of digital products, consisting of “uncensorable” web domains. These domains also serve the double purpose of offering brief, easy-to-remember crypto wallet addresses, much like the “. eth” names supplied by the Ethereum Name Service.
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Brave Co-Founder: ‘User Option’ At Heart of Crypto Web Domains.
2 weeks back, privacy-focused web browser Brave included assistance for decentralized domain from Unstoppable Domains. Executives from both companies informed Decrypt that the benefit of the decent …
2 minutes read.
Ekin GençMay 31, 2021.
Unstoppable Domains claims that more than 1.5 million NFT domain have been established through its service since 2018. The company permits users to acquire domain names ending in.crypto,. nft,. bitcoin,. dao and.blockchain, to name a few.
Now that Unstoppable Domains is transferring to Polygon, the business plans to offer support for domain management as well as transfer services for those with older Zilliqa and Ethereum-minted domains. At the end of the month, users will have the ability to establish domains on Polygon with their cryptocurrency addresses as well as add other functions like NFT galleries and social networks links. If users want to move their domains from Polygon to Ethereum, they’ll be able to do so sometime in early 2022, however Ethereum gas fees will use..
like yeah yeah i signed i understand like this that’s my wallet proper now we have to state set the owner of this domain name to this address click on i comprehend now you have actually set a custom gas price and then we have to sign the transaction and there you go all right so what’s going to take place right here looks out insufficient funds that’s absolutely regular alright due to the fact that this is a brand new wallet i don’t have any ethereum in this so i can’t really spend for the gas charges to really claim this therefore again you have a couple of different choices so you can either go here and buy 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 wish to declare uh our domain or you can simply wait so the other choice is simply to put ethereum in this wallet yourself so you can go to coinbase purchase ethereum move the ethereum to this meta mask wallet and then you can spend for the ethereum that way or you can simply wait till they develop an option which they’re working on as a method to declare your domain totally free 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 permanently and no one can take it far from yo.
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What is an unstoppable domain?
is there we go they’ve emailed the receipt to my e-mail and then they’ve also 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 today they really have a layer 2 ability which suggests you can mint for free 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 screen 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 simply going to paste it in there we go it worked i’m going to use metamask to mint and then this is basically verifying that we actually own this wallet and after that this is the address that it’s going to be sent out to so we essentially just click i understand and then confirm it and now turtle cat dot crypto will always be associated with this account so i went on and i went up here to domains and then selected my domains let me get it here and after that i clicked on the turtle cat.crypto that i bought and you click manage and this allows you to edit all of your wallet addresses so you can see here i might just input my bitcoin address my ethereum address which has actually automatically been included litecoin xrp zill and utilizing this ad currency i can include.
any other currency that they have listed for instance i might include cardano and you can see that it’s been included here and then i merely just paste in my cardano address and confirm modifications and that’ll essentially make it so whenever someone sends cash to turtlecat.crypto it’ll go to this ada address now also before i end this video i wished to share with you that you can in fact edit the site stuff but it will be coming soon 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 offer your domain so it’s a lot of truly cool features on unstoppable domains but i wanted to say one more thing real quick at the end of this video i believe for cyber monday they’re in fact doing a buy one get one sale.