Decentralized Naming Services: More Than Just Vanity
If you thought naming services were only for prestige and vanity, think again. These services can actually help you make money. Take the example of someone who earned $1.5 million with the Paradigm.eth domain name. While Ethereum’s Name Service (ENS) may have already taken many of the best names, there are other decentralized options available that offer freedom and opportunity. In this article, we will explore some of the top naming services.
ENS: A Great Option with Some Drawbacks
The Ethereum Name Service (ENS) is well-known and offers various features. However, there are a few common complaints about ENS domains. Firstly, you have to pay annual renewals for your ENS name, which can be seen as a downside compared to owning it forever. Additionally, ENS only allows you to register .eth domains, limiting your choices. Furthermore, since ENS has been around for a while, most of the best names have already been taken. Lastly, the only way to make money using ENS is through buying and flipping domains.
Tomi’s tDNS: A Unique Approach
Tomi’s tDNS operates differently from other naming services. When you mint a domain on Tomi’s tDNS, you earn 25% of the winning auction price for that domain. This means that many great vanity names are still available for minting. The unique business model allows you to make money as the original minter of the domain rather than through flipping domains like other services. With each increasing bid on a domain you minted, you earn 25% of the difference in the new bid price.
Unstoppable Domains: Forever Yours
Similar to Tomi’s tDNS, Unstoppable Domains allows you to own your domain name forever once you pay for it. Although you can’t get .com domains like ENS, Unstoppable Domains offers a wide range of choices including .crypto, .polygon, .x, .blockchain, and .nft. However, since Unstoppable Domains is already popular with over 3.7 million registered domains, many vanity names have already been taken.
Hot Take: Naming Services
Naming services are more than just a way to show off your vanity or prestige. They offer opportunities to make money and explore the decentralized web. While ENS has some limitations and focuses on .eth domains, there are alternatives like Tomi’s tDNS and Unstoppable Domains that provide unique features and choices. With Tomi’s tDNS, you can earn money by being the original minter of a domain, while Unstoppable Domains offers the advantage of owning your domain forever. So if you’re looking for a naming service that goes beyond just vanity, consider exploring these options.
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