How Web3 Transitions Begin with Domain Name Purchase

Web3 domains as blockchain identities

The transition from Web2 to Web3 has become a hot topic in the blockchain industry, and it often begins with a domain name purchase. Web3 domains are like blockchain identities stored in a crypto wallet as an NFT. They are essential for interacting with blockchain apps, and they can be used for website hosting, building, or receiving crypto payments.

Top blockchain domain name providers for Web3 users

Unstoppable Domains and Ethereum Name Service (ENS) have emerged as top blockchain domain name providers for Web3 users. As interest in the sector surges, companies have been lining up to drive Web3 utility initiatives. Domain name services have seen a jump in interest and adoption in the last year, with Unstoppable Domains alone having over 3.3 million names registered, while ENS has over 2 million.

Big brands exploring Web3 and the metaverse

According to Sandy Carter, COO of Unstoppable Domains, there’s no shortage of big global brands exploring Web3 and the metaverse. Nike, Starbucks, Porsche, and Build-a-Bear are among the brands that have launched their individual Web3 strategies. Carter believes that more companies will follow suit and promises an influx of industries in the space, including food services and transportation.

Fashion in the metaverse: a hot trend

Fashion in the metaverse has also become a hot trend, with Gucci, Prada, Ralph Lauren, Dolce & Gabbana, Burberry, Christian Dior, and Zara experimenting with Web3 technologies. They are creating unique digital assets that customers can purchase and collect. Carter expects more fashion brands to enter the space, along with other industries such as automotive, sports, technology, hospitality, and retail.

Getting a Web3 domain name

Getting a Web3 domain is relatively simple, with no formal industry-wide prerequisites to secure one. Once you’ve decided which service to use, look up the instructions and check if your desired address is available. Then proceed to pay.

In conclusion, the Web3 transition begins with a domain name purchase, and Unstoppable Domains and ENS have become top providers. With big global brands exploring Web3 and the metaverse, more industries are expected to enter the space. Getting a Web3 domain is simple, and anyone can purchase one with ease.