Minting of NFT domains on the Quik.com Marketplace
Quik.com has
finally announced that the minting of NFT domains is now available! Users can
now register their preferred .VR, .Metaverse, .Chain, .Doge, .Shib, and .Bored
NFT domains with no lifetime renewal fee! Each of the minted NFT domain names
comes with a unique NFT artwork. Also, Quik plans to launch other NFT Domain
TLDs such as .BTC, .Web3, and .Address shortly.
Quik is a decentralised marketplace for blockchain domain names that allows you to mint and trade blockchain domains to create your own digital identities and be a part of the decentralised web, the internet of tomorrow.
Why NFT
Domains?
In the case
of traditional domains, a domain registrar only rents a domain name for a
limited period of time – usually about one to 10 years. You will need to pay a
regular renewal fee to keep the domain name; otherwise, it will be made
available to the open market again.
On the other
hand, blockchain or NFT domain names are purchased not leased. The entire
transaction is verified in the public ledger, and it remains in the owner’s
possession. And since the entire system is tamper-proof, users can keep track
of different transactions throughout the time.
The
decentralised nature of NFT domains also protects them from any centralised
entities, including registrars and ICANN, once the name is sold. Only the owner
has the authority to make any changes, which makes NFT domains censor-proof.
Currently,
users can buy, sell, and mint these NFT domain names on the Quik.com
Marketplace. Each of the NFT domain TLDs has a minting limit. For example, the
METAVERSE NFT Domain Names are TLDs based on the Ethereum Blockchain and have a
hard cap of 20,000 names. This means that only 20,000 domain names can exist,
which is decided on a first-mint basis. Also, each of the domain name minters
gets a lifetime royalty on all future sales of that particular NFT domain. For
example, METAVERSE domain name minters get a 5% royalty on all future sales of
that particular name.
Besides the
artwork that comes with the NFT Domain Name, these domains will also have
special future benefits that come into existence when Quik.com launches its
browser extensions and the Quik web browser. In the future, Quik plans to let
users host decentralised websites on these domain names using the Quik browser
extension and also let users use their NFT domain names as their cryptocurrency
wallet addresses in accordance with partnerships with different cryptocurrency
wallets.
What’s
Minting?
It is the process of registering an NFT domain name onto the blockchain through your crypto wallet to get full custody of the NFT domain. One can have total control over it as the rightful owner of the particular blockchain. Even Quik, or any other entity, cannot be considered as the rightful owner.
How to Mint
Your NFT Domains with Quik?
NFT domains with extensions such as .VR, .Doge, .Chain, .Shib, Bored, and .Metaverse are now live on the Quik marketplace. The entire process is quick and simple. Click "Mint" over the domain in question. The entire process takes less than a minute! In addition, you can also search the platform for already minted NFT domains offered by peers.
Why Quik?
§ Quik aims to disrupt the trillion-dollar blockchain domain market
by making the entire process accessible and easier with its innovative and
dedicated blockchain payments mechanism.
§ Quik believes that NFT domains address one of the key challenges
Web 3.0 players are looking to solve: offering direct ownership to end-users
without any third parties.
§ Quik promises to break down deterrents to Web 3.0 innovations by
providing a new way of selling, minting, and acquiring NFT domains.
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