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How to Create and Buy an NFT Domain

Owning an NFT domain brings unique utilities that make your web3 life easier when receiving cryptocurrencies, creating your own project or site, or just owning a sought-after address that could become a valuable asset. 

If you’ve decided you’re ready to grab a domain, then we’ll take you through all the needed steps starting with finding an NFT domain provider, securing your domain, and then purchasing or “minting” it. 

Before getting started, make sure that you have a Metamask or another crypto wallet with Ethereum (ETH) in it. You can also use MATIC tokens for your purchase if you decide to go with Unstoppable Domains and mint using the Polygon blockchain.

Go to the NFT domain provider of your choice

The first step is choosing an NFT domain provider. Currently, there are two dominant providers in the space, which are both solid options. NFT domains can be bought through either Unstoppable Domains or the Ethereum Name Service (ENS). 

Both of them differentiate a bit from each other, so let’s walk through them both. 

Unstoppable Domains

The first thing to know about Unstoppable Domains is that they’re perhaps the largest provider of NFT domains and accept both ETH and MATIC as payment. Using MATIC means you’ll be minting your domain on Polygon, so you’ll avoid those expensive gas fees and slow transaction times associated with ETH. 

On Unstoppable Domains, you’ll encounter an array of domains with different variants. You can purchase domains with endings such as .x, .crypto, .coin, .wallet, and more. Unstoppable Domains is a great place to buy for people who want to be a little creative and explore different combinations. 

Once you mint a domain through Unstoppable Domains it will officially be yours through a one-time purchase. It’s a quick and easy way to get your hands on a domain that will stay in your wallet until you choose to actively sell or trade it. 

With Unstoppable Domains’ diverse payment options and user-friendly interface, it should be a walk in the park to purchase your NFT domain.

Source: Unstoppable Domains

Ethereum Name Service

For those who want to get their hands on a domain with a closer relationship to the Ethereum ecosystem, ENS might be a better choice. 

Before jumping into an ENS purchase, you need to be aware that it requires a subscription fee to keep your domain active. Additionally, ENS only accepts ETH payments, so make sure to have ETH in your wallet. 

All ENS domains will have .eth, so you won’t be able to choose a different ending. This is a little more simple compared to Unstoppable Domains, but don’t be fooled, as .eth domains are actually the most commonly seen and used (just check Twitter). ENS even has its own native crypto token called $ENS.

Source: Ethereum Name Service

Search for the domain you want to purchase

Whether you go with Unstoppable Domains or ENS, the next step is to think of and search for the domain that you want.

Since the same domain cannot exist twice, it’s important to decide which name and ending you want. After making your decision, simply search for your domain name and check if it’s available. If it’s not available, then consider trying another ending or adjusting the name. 

Once you hit a domain that is available, then you can proceed with your purchase.

Source: Unstoppable Domains

Select your domain and mint it

After finding an available domain, the next step is to purchase or “mint” it. Since the domains are essentially NFTs, they have to be minted in order for you to own them. 

While you can complete the purchase using crypto, Unstoppable Domains also offers credit card payments to make it as user-friendly as possible. If you are completely new to the space, then paying with a standard credit card can be a lot easier. 

After your payment is completed, you’ll need to wait a few minutes for the minting process to complete. It won’t take long, and you won’t be at risk of someone else scooping up the domain. 

Once your domain is minted, you are now in possession of your own NFT domain and should be able to view it in your wallet. From here, you will be the owner of the domain and can use it for receiving crypto, Web3 projects, or as your unique Web3 nickname.

Source: Unstoppable Domains

How to transfer your domain

If you want to transfer a domain from one wallet to another, then you’ll need the address of the wallet you intend to send it to. When you have that exact address, then you should be able to send the domain to the new wallet just like sending any other NFT. 

Ownership transfer of a domain may include additional steps, so be aware of the unique process your chosen provider may have. For domains bought through Unstoppable Domains, their tutorial provides further details on transferring ownership. If you bought a domain through ENS, you can refer to their guide

If NFTs and NFT domains have caught your attention, then make sure to keep an eye to subscribe BingX news letter.

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