Polygon Domains Are Now Live: Here’s What You Need To Know
Polygon Domains (.polygon) are the latest Web3 domains to hit the space! Our guide explains what you need to know about this newest development and how you can buy your own Polygon domain.
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What Is Web3 Domain?
A Web3 domain, in simple terms, is a new type of internet domain that exists on a decentralized network, typically a blockchain. Unlike traditional domains, which are managed by centralized authorities, Web3 domains are owned and controlled by individuals through cryptographic keys, offering more security and privacy.
Web3 domains enable users to interact with decentralized applications (dApps) and services without needing to remember long, complex wallet addresses. Instead, a human-readable name (e.g., yourname.crypto) is used, making it easier to send and receive cryptocurrency, access dApps, or create decentralized websites.
What Is A Polygon Domain?
The Polygon Domain is a new Web3 domain with the domain extension .polygon. It is the official Web3 domain for the Polygon Blockchain.
What Are The Benefits Of A Polygon Domain?
Owning a web3 domain provides a multitude of benefits. You can use your domain as a digital identity for your web3 profile, verifying social accounts, displaying your NFT avatar, and highlighting achievements. Your domain name can also simplify sending and receiving crypto by replacing long wallet addresses with an easy-to-read name. In addition, owning a web3 domain provides full ownership and control over your web3 website without any renewal, gas, or hosting fees.
Are There Renewal Fees For Polygon Domains?
No, unlike ENS domains, there are no renewal fees for Polygon Domains. Once you buy it, it is yours forever!
How To Buy A Polygon Domain?
Polygon has partnered with Unstoppable Domains to offer Polygon Domains for public sale. Unstoppable domains is a Web3 domain registration company that has sold over 3,300,000 Web3 domains.
How Do I Claim My Polygon Domain After Purchasing It?
After buying your domain on Unstoppable Domains, they will create a wallet address for you, and mint all purchased domains directly to the address. After that, you can transfer these out to your personal wallet for free within the first 7 days.
You can also purchase an Unstoppable Domains parking service and they will keep your domain safe for you. Read more information about UD Parking here.
Is It Worth Purchasing A Polygon Domain?
Based on the benefits we listed above, it is safe to say there are plenty of perks to owning a polygon domain. However, if you are planning on buying one to flip for profits, be sure to do your own research first as every investment comes with its own risk.