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NFT Domains are new web extensions (like .com or .info) launched as smart contracts on public blockchains. For example, our domains are an ERC 721 on the Ethereum blockchain, except .zil which uses Zilliqa.
NFT Domains are stored in a wallet by the owner, much like a cryptocurrency, and no third party can take them away. Pay once, and you own the domain for life, with no renewal fees.
Self-custody is one of the most important features of an NFT Domain. This is what makes your domain decentralized - This is what gives you complete control over your domain!
A self-custody solution is possible because your domain is an asset on the blockchain and stored like a cryptocurrency in your wallet. This custody method gives your NFT Domain “superpowers” that traditional domains do not have.
Due to the self-custody nature of your blockchain domain:
- Can not be seized by a third party.
- Can enable decentralized websites.
- It can be transferred around the world in seconds without needing permission from any third party.
- It gives the owner sole control and access to domain management features - adding crypto addresses and pointing content to your domain.
Replacing cryptocurrency addresses with a human-readable name
You control the domain, so you are the only person able to associate cryptocurrencies with it. Input your cryptocurrency addresses on the blockchain itself. When someone types your domain name (for example; yourname.crypto) into an integrated wallet, the wallet looks up that domain on the blockchain finds the appropriate address, and sends. It’s that simple.
Is an Unstoppable Domain fully decentralized once it's claimed?
The domains once they are claimed they will live in your crypto wallet as an NFT (Zilliqa blockchain for .zil domains and Ethereum blockchain for all other TLDs).
All the management of the domains is via Smart Contract and in order to write or perform any changes, transfers, enable or disable features, etc, it would require a signature and a transaction from the wallet address owning the domain. If you try to manage a domain with a different wallet, you would simply get an error message asking you to sign the transaction with the correct wallet.
Unstoppable Domains has no control of your domains after they are minted and cannot block/restrict any access to the domain. You own the private keys of the wallet storing your domain and nobody will be able to take your domain/website/content/settings away from you.