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Bob Hawkes

What Does The NFT Craze Mean For Domain Names?

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By Bob Hawkes, Mar 30, 2021
  1. Goorga

    Goorga Established Member

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    Great write. i got an offer after 1min i listed my Nft at opensea.
    got a collection of 100 Head 3d
    if someone interested i give 5 for free
    pm if interested only first 5 pm.thanks
     
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  2. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    You are correct “Nifties” is the spelled out version of “NFTs “( which I’ve had offers on both) I own several of them. Same spelling goes for the singular “Niftie/NFT”

    @Bob Hawkes wonderful article as always thank you for taking the time to create this beautiful read! Well done.
     
    Last edited: Mar 31, 2021
  3. DuDD

    DuDD Established Member

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    NFT maybe is the trend I guess
     
  4. FMy

    FMy Established Member

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    Thanks for the informative article @Bob Hawkes

    I have no concern about whether or not NFT will still be useful years to come, I think it will be.
    However, one concern I have is whether or not we'll popularly keep calling it NFT.
     
  5. FMy

    FMy Established Member

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    I thought the popular pronunciation goes like this -
    Singular:
    NFT = Nifty
    Plural:
    NFTs = Nifties

    Am I wrong? Or is it both Nifty and Niftie for singular!
     
  6. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Nifty is the preferred and proper spelling for the singular, but this is domaining and words so given Nifites is plural use, technically Niftie could be used in place of Nifty.

    But yes I prefer Nifty for singular and Nifties for pluaral

    Just pointing out you can take the "s" of the plural as an option.
    (not NFT related but here is an example of singular" NIFTIE" being used https://niftiecommute.com/ )
     
    Last edited: Mar 31, 2021
  7. DomGov

    DomGov Established Member

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    Excellent Article! Thanks Bob. :)
     
  8. MrBakkali

    MrBakkali Established Member

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    Thanks Bob, for this great article (y)
     
  9. Jean Carlos

    Jean Carlos Established Member

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  10. White Fang

    White Fang CustomerService.com ★★★★★★★★★★

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    "As I was researching and writing this article, the thought occurred to me that domain names are in essence already the ultimate non-fungible product. Each domain name is unique with authenticated ownership, the key aspects of a non-fungible resource.

    What about viewing those who create domain names as domain artists? Might a domain name created by a highly respected domain artist, authenticated within the blockchain, add prestige to a brand?

    What else, beyond the domain name and domain artist information, could be included in the digital asset? Perhaps the story of the creation of the name - the date, inspiration and background could be included, or a personal message from the creator.

    A logo, or logo set, is another obvious included digital asset, again with information on the logo artist and an authentication guarantee."

    I'd like to hear from domainers who have opinions/answers to Bob's above questions. Since many companies do not currently value domain names, would what he suggests be more attractive and valued (name creation, domain artist, logo set, etc.) by companies? Or, are we domainers too close to the trees to see the forest?
     
    Last edited: Apr 1, 2021
  11. FMy

    FMy Established Member

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    Yes, domain names are non-fungible, like many other things. However, we don't actually own them. We kind of lease them for a certain period of years. That's why many rules of NFT can never be applied to regular domain names.

    I'd not say it's impossible, but it's unlikely as we don't actually own our domain names. However, blockchain domain names (like those provided by unstoppable) are actually own by us, hence those already exists in the blockchain with the attributes you've mentioned. The problem is though, it will take a long time (if ever) for blockchain domain names (like .crypto) to become mainstream.

    Having said that, it's definitely possible to implement an authentication and transfer system for even regular domain names using block chain. In fact, if implemented, a solution like this will even increase domain name security and reduce domain theft greatly. Hopefully this sort of implementation will see the light of day soon.

    Sure, logo is digital art own by the artist. So things like logo is already part of NFT.
     
  12. Omar Negron

    Omar Negron Top Contributor VIP

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    Thank you for this Bob!
     
  13. TheBuyerz

    TheBuyerz Established Member

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    Great article.

    NFT are here to stay for a longue time, it worth to check also other crypto projects ... there is more niches in the niche.
     
  14. Rammbo

    Rammbo NFTAgent VIP

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  15. Linorth

    Linorth Established Member

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    I already have 7 of them. but I don't think they will replace regular domains. I think in near future every business will have its own .crypto domain for accepting crypto payments. so in that way they are still pretty valuable imo
     
  16. FMy

    FMy Established Member

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    The thing is, we would never know for sure what will become mainstream until it actually happens. Also, I'm not sure about .crypto, but my opinion is that some form of blockchain domain naming system has its place in the future.

    How popular it'll become that remains to be seen though. For example, PGP existed for ages for privacy and authenticity in communication tech like email. In fact, PGP is almost as old as domain name system itself. But, even after so many years, how many people use PGP for email communication? Not many.

    The thing is, any technology doesn't become mainstream in the future based on how good it is or how established it is in the present, rather based on the adoption of the masses - something that is almost impossible to predict. Since the moment we predict something, as we are part of the masses ourselves, our very act of prediction changes the possible future to something else. In physics, this is popularly known as the butterfly effect. This is the same reason why economics is so difficult.

    Of course, we can always make educated guesses, but that's all we can do IMHO.
     
    Last edited: Apr 3, 2021
  17. Linorth

    Linorth Established Member

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    of course none of us have an orb showing us the future. but just judging by adaptation of cryptos in general, trend is there for crypto payments becoming mainstream.. so its just a matter of time at this point.
    and the reason I think .crypto domain can become the ultimate option is because of the fact that it doesn't have renewal fees.. its in effect an NFT that can work as a multicoin wallet used to accept payments.
    the convivence it brings to crypto payments is noteworthy.. instead of sending wallet addresses you can just say "send it to JonDoe.crypto" and the domain forwards the payment to your wallet.

    so I think some sort of crypto domain is going to become mainstream.. will it be .crypto? .eth? .zil? who knows... but if I were a betting man, judging by .com becoming the king in early days of internet despite other extensions having the same capability (address on internet) I think .crypto is very likely to become the new .com

    but as you said, its all just educated guesses at best.
    which is why I don't advise anyone to invest into .crypto domains.
    but I also hate to be the guy who don't care about it at all, only to come around years later to see my name is already registered by someone else.
     
    Last edited: Apr 3, 2021
  18. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    In case people missed it, Morgan Linton pulled an April Fools joke that got many people including me.

    He has over last number of days been covering NFTs, so did not seem a surprise that he said he had tried creating and selling one. He took one of his photos of El Capitan in Yosemite, used a service to add an NFT, promoted it as his 1/1 artwork, minimum priced it in Eth, and.... announced that it had closed at about $29,000!

    The post was so well written, and the prices on NFT art seems so variable, it seemed vaguely believable and a bunch of us were wondering what we could try it with.

    But, it was an April Fool!

    Bob
     
  19. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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  20. Doughnut

    Doughnut Netizen Gold Account

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    Love your stuff as always Bob, appreciate you composing this
     
  21. monotheist

    monotheist Established Member

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  22. lock

    lock DomainUsed.com VIP

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    No f-in tears when you're renewing long after the trend.
     
  23. monotheist

    monotheist Established Member

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    Well written. I love to see such responses.
     
  24. aleksandrpet

    aleksandrpet New Member

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    Thank you for a very informative article, I always read your research with interest.
     
  25. 4better

    4better Established Domainer VIP

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    Avid fan here. Thanks for the article Bob, always great and informative.
     
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