How do you buy NFT domains?

Once you have purchased a non fungible token domain, it is stored in your crypto lending book through which you "mint" your domain name in the blockchain. The Unstoppable Domains website clearly explains how to go about buying the domain.

  • Buy the domain with a one-time registration fee and never worry about renewal fees again. So you only pay once.
  • The domain is stored in your wallet, for example in your coinbase wallet, just like a cryptocurrency. No one can move it but you.
  • Then point your domain to content in a decentralized storage network.

What is a blockchain domain?

A blockchain domain is a smart contract stored on a blockchain. Compared to traditional domains, a blockchain domain is a property rather than a lease. The owner of a blockchain domain controls it using private keys and there is no oversight organisation.