What is WEB 3.0 and What are NFT Domains? Explained!

What is WEB 3.0 and What are NFT Domains? Explained!

We all wish that if we would know about bitcoins or cryptocurrency we would have bought it much earlier. Life has given us another chance in the form of WEB3.0 and nfts. But What is WEB 3.0??? Let’s talk about it.

𝐖𝐄𝐁 𝟏.𝟎 or Static Web:

In WEB 1.0 we connect with other computers by wires or you can say the start of the internet is web 1.0. . At the time of WEB 1.0 Personal web pages were very common, consisting mainly of static pages (that’s why also called static web) hosted on free web hosting services.

𝐖𝐄𝐁 𝟐.𝟎:

Web 2.0 is also called the participative social web. In WEB 2.0 mostly web designed UI and UX are improved and included to improve the interaction and collaboration which in results sites like google.com, Facebook and amazon etc. Most of the web which we are using right now is WEB 2.0.

WEB 2.0 had also brought advertisements which you see everywhere like every time you search a query on the google search engine you see ads at the top.

Disadvantage of WEB 2.0:

The main disadvantage of WEB 2.0 is that it is mostly manipulated and dominated by fewer companies like Facebook, Google and Amazon. These companies have created a monopoly over time. This causes a serious threat to the privacy of users. Over the years all these big companies are charged over privacy and antitrust issues by authorities. So to fix these things WEB 3.0 is coming.

𝐖𝐄𝐁 𝟑.𝟎:

what is web 3.0
what is web 3.0

WEB 3.0 is the 3rd generation of the web which is using BLOCKCHAIN TECHNOLOGY. This means it will not be easy to manipulate as everything will be decentralized and each and every data transaction is verified by all the computers in that chain. Cryptocurrencies like etherium and Solana are powering blockchain websites and nft domains.

What are NFTs and How NFTs works – Read Here:

NFT Domains:

Those who know about the dot com trend in the 2000s know how important domains were. Now with WEB 3.0 domain names are coming again but now with extensions. So what are nft domain extensions? The words which come after the dot in a website name are called extensions. Like.com, .pk , .us .xyz etc.

Some nft domain extension list is given below:

  • .bitcoin
  • .wallet
  • .x
  • .coin
  • .zil
  • .crypto
  • .888
  • .nft
  • .dao
  • .blockchain

Advantage of nft domains:

The best Advantage of nft domains is there is no renewal fee for nft domains, this means you will purchase it for once and own it for the rest of your life which is different from normal domains where you need to pay a renewal fee each year.

Conclusin:

So if you have some spare money and you are thinking about investing it then you should consider buying nft domains which starts from as low as 5 dollars.

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