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question If you own a domain NFT, does it Trump expirations?

NameSilo

Jv1999

Wander Aimlessly: Redeemed Knight of the Exo-Tower
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If you get NFTs for all your domains, what happens when you don't renew ?

Are you forced to transfer the NFT or do you now have a TM that means no one can ever reggae or catch your domain?
 

Amit V

Established Member
Impact
1,167
If you get NFTs for all your domains, what happens when you don't renew ?

Are you forced to transfer the NFT or do you now have a TM that means no one can ever reggae or catch your domain?
Well domains are nonfungible but these days when people talk about NFT's they mean those that are immutable and exist on the blockchain. Example is .crypto that is a domain and an NFT.You just pay one time fee and thats it.Its yours for ever and free for you to sell, use or give away. As you please.
The nonfungible domain type you are also referring to above are the domains we are using now .com and so on. Dont repay the renewal fee and it goes back to be purchased again.
 
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Samer

Top Contributor
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21,110
Well domains are nonfungible but these days when people talk about NFT's they mean those that are immutable and exist on the blockchain. Example is .crypto that is a domain and an NFT.You just pay one time fee and thats it.
The domain NFT type you are also referring to above are the domains we are using now .com and so on. Dont repay the renewal fee and it goes back to be purchased again.

Except .crypto isnt widely recognized

Not a true NFT unless recognized browsers

and not technical required to access.
 
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Amit V

Established Member
Impact
1,167
Except .crypto isnt widely recognized

Not a true NFT unless recognized browsers

and not technical required to access.
Well its still in the early phase. When I started buying them no browser would recognize them. Now after 6 months Opera and Brave. Matter of time and usability.For example internet in its early day was also rediculed and many believed it had no future.
This does not mean that these extensions will surpass everything but I personally think that a coexistance will take place once they are more recognized and each will have its advantages and disadvantages.
 
biix