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Web3 domains also known as Blockchain domains, NFT domains & Onchain domains. Are a state of the art aspect of Internet domains that run on Blockchain technology.  

Unlike traditional web2 domains that are hosted on a worldwide network of 

domain name system servers (DNS). 

Web3 domians are decentralized and stored in a crypto wallet. Meaning they are not controlled buy a sole entity or organization unless the user grants permission with a platform custody wallet. Instead it exists on a distributed network of computers known as the Blockchain. 

These can be housed on platforms like unstoppable domains or FreeName through an assigned wallet. Which is  progressively decentralized. Having the ability for back up security features if opted.

 This gives owners complete control of their stored data. The strategic reason for owning these, is to simplify crypto transactions by replacing long wallet addresses. With easy to read names. So therefore these give the ability to easily create and host memorable websites on Web3.

Web1 is considered the "read-only web." Or simply the beginning of the Internet with websites that were not interactive. Consisting of limited access content where users primarily consume information. 

Web2 Is the "interactive web" where users actively participate by creating and sharing content on platforms like social media, and Web3 is the "decentralized web." Cultivating users more control over their data through technologies like blockchain. 

Enabling them to own and manage their online Digital identity, information & data. Rather than relying on centralized platforms like google, Meta,  X,  Amazon, JPmorgan, Wall Street, etc.

Web5 is the merging integration of technologies evolving Web2 & Web3. This is also known as Onchain. For instance to take any .com domain &  by putting it on the Blockchain giving it Web3 special capabilities, makes it now Onchain. Web2+Web3=Web5.                       Web5=Onchain

NFT stands for non-fungible token.  These are a digital certificate of authenticity used to assign and verify ownership of a unique digital & physical assets unlike fungible tokens. NFT's are not replaceable with one another. NFT's are distinctive one-of-a-kind digital asset. These can be anything from a piece of art, music, video, domain, car title, house title, business title, data archive, museum & more technology being introduced. Every day involving many aspects including real world assets. "RWA"

These NFT/Web3/Blockchain domains that we offer at SweetName are ERC 721 tokens minted on the blockchain. 

That's the perfect question. The reason for this is Web3 domains are a Magic carpet of Digital contracts. Which is a fun term to describe software inscribed on a open Blockchain. This means the user has comprehensive control over their data online instead of one company or entity. The complete and total power is in the users hands. In order to create the ultimate transparency anyone can look at the data stored on these for supreme receptiveness.

One of the most important security features that Web3 domains possess is the ability to have human readable ID protect the wallet. To break this down. Wallets can be poisoned by creating a wallet address that is almost exactly the same except for changing one tiny little detail.

By changing this detail the bad actors can assume your digital wallet address in a stealth manner to make you think that it's yours. What they do is send a small amount of crypto dust which means a tiny little payment, let's say $.40 to your wallet. 

Then when you go to copy and paste your address from the last transaction that you did in your ledger, like most people throughout the years sending crypto have done. It will send your money to the thief's wallet. 

The reason being you were actually sending the money to their wallet, because they faked your wallet address , When they sent you that $.40 which is in your ledger, meaning your last crypto transaction. The fake/poisoned wallet will virtually look the same minus one tiny little detail the difference can be as small as a number 0 turned to the letter O. 

Here's an example of a poisoned Wallet address. Which is another way of saying fake wallet Address. The first one is the real address. The second one is the poisoned address. Can you easily tell the difference when copying and pasting? At first glance the average person beginner to expert won't catch the difference.

Real~0xj8b05693705u35oe406138402h978ffa6f2s88791

Fake~0xj8b05693705u35oe4061384O2h978ffa6f2s88791

 Some of the greatest blockchain experts in the world, can't tell the difference. This is one of the most important reasons why everyone in the world needs to have their own Web3 domains. For seamless and secure crypto transactions.

Onchain domains can protect you by making it really easy to read the domain name. which doubles as your crypto wallet address,  instead of using 28 numbers and letters to signify a wallet address. Like the two examples given above.

 You can use your easy to read name like your first and last name "TomSmith.nft" or the town that you grew up in like "RapidCity.wallet" that is, if it's available.  Along with the fact, these bad actors would have to go to one of these major platforms. Start an account to show a predominant TLD behind a legitimate name.

 Which to sum that up easily, they would have to go spend money and time. Along with having to give out information which criminals don't like to do. Instead the poisoned wallet address these bad actor are able to create. They do for free anonymously. Making difficult to read wallet addresses, soon to be a thing of the past.

 A good example of this implementation is private keys in these domains. These keys help to enhance ownership security, making it more difficult for bad actors to gain unauthorized access to your domain.

In addition, Onchain domains are more impenetrable to the oversight capabilities of traditional regulatory authorities.  You can create and manage Onchain domain names without the likelihood of them being taken down or censored by an affirmative authority (as with traditional domains).

One of the most important security features that Web3 domains possess is the ability to have human readable ID protect the wallet. To break this down. With your data being scattered and brought back to a single point,  With no central point of collapse, it's difficult for hackers to disrupt the system by attacking a single server or solitary node. 

Therefore giving a Blockchain DNS. The ability to resist censorship enactments, when storing domain records on a secure immutable Blockchain. Financial institutions can assure that their digital assets and transactions are protected from tampering and fraud. 

Therefore cryptographic security features in the Blockchain technology can safeguard Financial data from hackers. Empowering the trust and dependability of financial Utilities, Products and services.

1. The ability to bypass normal regulatory action

When talking about Web3 domains a lot of the time they are referred to as having magical or superpowers. Here's an example of just a few of those Magic powers. The ability to bypass the need for a mortgage, store, warehouse, licensing, utilities, certificates, overhead, insurance, property taxes, closing cost, banking, broker, municipality, ID, notary, inspection, referral, invitation, dues, qualifications, credentials, expertise, proficiencies, eligibility, experience & many more aspects. 

2. User-friendly Crypto Payments

No longer be concerned about your payments getting lost. Instead of copying and pasting your wallet address which is similar to a bank account number and can look like: 0xj8b08791705d35oe7104064422b978fta6f2e66791 instead we can use a easy to remember Web3 domain like, Scotland.NFT or Boxerdog.Blockchain

Human readable names are easy to recognize, if a letter or number is misplaced it naturally makes it easy to spot by the human eye. Therefore making it much more difficult to have a  wallet poisoned.

3. No Renewal Fees

Dissimilar to classic .com domains you fully own and control your Web3 domain, so you'll never have to pay renewal fees. The moment you buy it, you own for the generations to come! With no weekly, monthly or annual renewal fees to be frustrated about. No penalties for late renewals. Enjoy the carefree feeling of not needing to worry about your Web3 domain being taken due to payment delinquency.

4. Securing your Onchain digital identity

What Web3 domains do is represent your Onchain digital identity. With every day that goes by, it will become more and more of a necessity to own your digital identity. Particularly in these new emerging industries. Whether it's your personal, family, company, brand or projects name it's important to secure.

As the world shifts to Web3 and onchain assets. Securing your digital identities will be more important than ever, as the age of AI and humanoids emerge. By owning your Web3 domain you're helping to innovate the digital Web3 world, you'll ensure your Onchain identity is secure for the newest generation through the next wave of technology. 

Owning your Onchain identity is securing your piece of  digital freedom.

5. Building Decentralized Websites

Building a website on the blockchain from the platform of a Web3 domain is fun and easy. Create one in  just a few moments with a number of different templates. Create a premium style website to represent your company, brand, products, photos, NFTs, properties, business, store, music, raffle, auctions and many more.

6.  Multi-chain Magic 

Your Web3 domain comes with the Magic to receive hundreds of supported tokens and coins. With more integrations to come! Now you can explore crypto transactions with ease. Regardless of the Blockchain platform or Network. 

7. Metaverse Capabilities 

With billions of dollars being poured into the metaverse Web3 domains are naturally centered to take the spotlight in a multitude of utilities involving (dapps) decentralized applications. Which can have multi layered abilities of accessing the metaverse. Whether it's business, gaming personal or otherwise oriented.

Your Web3 domain can directly represent your avatar for authentic interaction. Your Onchain domain sets down the framework. For the ability to gatekeep badges directly linked to projects, groups, entities, organizations, charities, and a large number of other aspects that can be implemented through Metaverse interactions.

 Using your Web3 domain in a interactive and immerse technology such as the metaverse. Allows  users to engage and create content. For showcasing to other users, with real life interactions in a natural Digital atmosphere. Onchain domains provide security, transparency, immutability. You're able to access gaming marketplaces and platforms, business Hubs.  With the ability to use VR, XR, AR to your advantages. Tapping into this growing multibillion dollar industry.