W3DNA Review

W3DNA Review: PROS

Perhaps the best way to learn about W3DNA is to examine its pros and cons. There are many exciting and fascinating aspects of this project. Let’s take a look at them within this W3DNA review, and begin with the positives. This is an ambitious, yet deeply serious project, with plenty of elements that are worth paying great attention to.

W3DNA Domains Have No Extensions

At the crux of this project is the idea that domain extensions are archaic and redundant, as two websites can have the same name but different extensions, which can confuse users. For instance, one company can own a .com site, and another can own a .net one, but their names might be identical, making for a frustrating scenario where potential customers get led to the wrong site and then lose interest.

However, with a W3DNA domain, this does not happen, as domain extensions become a thing of the past! Instead of having a string of letters after a dot, all W3DNA domains begin with an asterisk, like so: *, followed by the domain name. This is a non-invasive way of creating a domain, whilst also meaning that users do not need to think about what the possible domain extension should be.

It is easy to remember, and there is no other domain structure like this on the web, meaning that W3DNA websites naturally stand out against a sea of traditional domains. This aspect of standing out is also deeply significant as many Web3 developers and users are invested in the idea of differentiating themselves from the classical structure of the internet; or Web2.

This is not merely due to vanity, but rather it is a deliberate aesthetic decision that Web3 fans make so that they can easily identify each other, as well as make it clear to their audience that they are embracing new and progressive technological concepts. This is naturally hard to do when every domain has the exact same structure: [project or user name].[domain extension]. However, W3DNA make it easier to do via their domains. 

No matter how hard you try to market yourself as cutting-edge, if your domain architecture is practically identical to the Web2 behemoths of the world such as Google.com or Facebook.com, you will still be conveying the same message as them: everything is the same, and nothing is changing. This, of course, goes against the way that Web3 individuals typically think, which will be a core element of this W3DNA review.

To summarize this, W3DNA domains offer an important opportunity for Web3 developers and fans to make themselves clearly noticeable as individuals who embrace newer ideals and concepts. By utilizing these minimalist domains, they can put a wedge between themselves and the Web2 userbase.  

Potentially Lucrative Investment Opportunities

W3DNA domains are not only innovative in their structure, but at the moment they are very affordable to obtain. The price of these domains is predominantly calculated by the length of the characters used, with prices being affordable with the more characters that you use. This is good news for people who want to use a W3DNA domain as their username, as it means individuals can grab these domains for as low as $5.00.

On top of that, W3DNA is also currently running a referral program. As you register on their website, you'd receive a $20 coupon. The coupon allows you to pay for up to 100% of your cart!

As W3DNA is a relatively new project, it still has a tremendous range of domain names available, meaning that you will very likely find the domain you are looking for at a very reasonable price. This even includes shorter domain names. While shorter names are more expensive, some very exciting names are still untaken, making them a potentially great investment as they could be sold on to others at a greater price in the future.

For instance, *web3, *eth, *satoshi, *autonomy, *DeSci, and many other domains are still available to buy, and are all somewhat reasonably-priced. If a time comes when W3DNA becomes the gold standard of Web3 domains, then these domains would all have the chance of becoming highly lucrative investment opportunities. This is one reason why this W3DNA review is so important, as it can help connect people to quality domains.

This is a good place to reiterate within this W3DNA review that all their domains are NFTs. This is important because it means that you have complete ownership of them, and that you can sell W3DNA NFTs on NFT marketplaces such as OpenSea, or even simply send them Peer-to-Peer.

This is a deeply streamlined process. While it is definitely possible to sell traditional domains, the act of doing so is much more cumbersome than some would imagine. You have to hand over the rights, and change various different pieces of data, all of which feel archaic and confusing. But with W3DNA NFT domains, the action is essentially just sending the domain to somebody’s wallet.

It is hard to fathom just how much a Web3 domain could be worth in the future, and in many ways it is beyond the scope of any W3DNA reviews, but if you are a believer that Web3 is the future of our technological systems, then there is a great chance that these domains could become highly valuable.

For instance, imagine if a major Web2 exchange like Binance or KuCoin wanted to onboard themselves into Web3. They would want a simple domain name that conveys what they do and their place in the ecosystem. Luckily for them, the domain name *exchange is still available. But, imagine if somebody owned that domain (which is currently on sale) and wanted to sell it to them. That would be a huge deal!

To cement this, let’s take a look within this W3DNA review at some previous blockchain-related domain names that sold for huge amounts of money after some time. Pjfi.eth was bought at 0.12 ETH (or $161), and was sold for a whopping 350 ETH ($463K) – a 291,566% increase in price. The same happened with 000.eth, which was bought at 0.28 ETH ($52), and sold at 300 ETH ($317K)– a tremendous 609,515% increase in price.

It’s not just .eth domains either. Bitcoinbeliever.crypto was bought at 0.0095 ETH ($13) and sold at 0.050 ETH ($67). Perhaps a small profit, but still a significant one nonetheless. The same is true for datebook.crypto, which was bought at 0.020 ETH ($27), but sold at 0.070 ETH ($94).

So, I am sure many people want to know how to buy W3DNA domains. The website supports both fiat and crypto payment gateways. If you prefer to use crypto, then USDT (via BEP-20 route) is available, along with Bitcoin, Algorand, Dogecoin, Litecoin, Nano, and a wide range of others.

If you are more accustomed to fiat, then credit/debit card options are available, too. This is great for people who are looking to onboard to the Web3 space but are yet to fully deal with cryptocurrency just yet. Many Web3 projects do not deal with fiat, so it is always a breath of fresh air to find projects that have a variety of payment options.

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Unlimited Range of W3DNA Supported Languages

W3DNA is not exclusively for Western nations, there are an essentially unlimited number of W3DNA supported languages for domains to be written in. You do not need to simply register domains using the Latin alphabet, such as what English, Spanish, Lithuanian, and many other languages use. You can also use characters from other languages such as Chinese, Urdu, Sanskrit, and practically any other language.

In fact, even emojis can be used within domain names. This is a huge feature because, in Web3, emojis are used very liberally and openly throughout many decentralized communities, and the ability to incorporate them into your own identity is a fantastic way of conveying ideas and emotions that are not easy to achieve with mere words.

In this sense, the question of what is W3DNA could be answered as a multi-cultural, multi-lingual domain project that allows names to convey so much more than simply words. The fact that W3DNA supported languages are unbound and unlimited is revolutionary as it creates a more open and inclusive internet. It marks a significant ideological change in the nature of the internet, making it more global.

Human-Centric Wallet Names

One important aspect to cover in any W3DNA review is the ability to use W3DNA NFTs as an alternative to standard wallet naming conventions. One aspect of this industry that newcomers commonly struggle with is identifying specific wallet addresses. This is because practically every cryptocurrency uses long strings of letters and numbers as identifying features for a wallet name.

Of course, humans struggle to process and recognize such names as they are not linguistically or structurally pleasing to the eye. They are not the same as a simple username. However, with W3DNA, people can use their domain names as naming identifiers for their wallets, so that newcomers (and even veterans) can easily recognize them– reducing the number of mistakes that might occur when sending funds.

This is an important use case because it helps with the overall adoption of cryptocurrency and Web3 technologies, and lowers the technical barrier for others who are newly entering the space. Other services exist which do this, but they use domain extensions at the end of them, which is more cumbersome and convoluted than a simple asterisk.

Using one of these domains as a name is also fantastic for anybody who wants to build a reputation within this space, as well as create some continuity within their online Web3 presence. Not only can they streamline the payment and transaction process, including streamlining how to buy W3DNA domains themselves, but they can make it more straightforward to find people in the blockchain space.

These domains can then be used on

1) social media platforms such as Twitter or Discord
2) to showcase your NFTs in a portfolio

More Autonomy

If you were to ask somebody what is W3DNA, one answer they could give you is that it offers more autonomy. This is because these domains are W3DNA NFTs, which means you get full control over them. This might not sound hugely important, but bear in mind when it comes to traditional domains, you never actually buy them. You merely rent them.

This is why you need to consistently renew your domain name yearly. This might not feel like a big deal, as domain renewals are relatively inexpensive, but it calls into question a larger concept within this W3DNA review: do you want to own something or merely rent it? Most people prefer ownership as it gives more freedom. Yet sadly, traditional domains do not offer this capability.

The desire to own a domain comes largely from two ideas. Firstly, owning a domain means you can sell them. This is exciting for any W3DNA NFT enthusiasts who want to add these unique domains to their investment portfolio. Those who keep these domains could find themselves with many wealthy bidders. It is definitely possible to sell traditional rented domains, but selling a truly bought domain is bound to be more streamlined.

The second major reason why buying is more sought after is because these domains will be used by many as an identifier, or even a digital name or pseudonym. If that is the case, then you would most definitely want to have complete ownership, as your name is an instrumental part of your identity.

Our names define us, and so it is important on a personal and humanistic level that we have autonomy over them. If our names belong to somebody else, then it is almost like a part of us belongs to them, as well. They shape us– they are a necessary factor in how we are perceived, and how we even perceive ourselves. This is why W3DNA is so significant to the flourishing of all Web3 individuals.

Truly Useful NFTs

The bear market has been unrelenting to many NFT projects, eviscerating their prices by a large margin. But many of these NFT projects were struggling to identify their true utility and were masquerading essentially as vaporware. This, however, is not the case with W3DNA, as these NFTs serve a very genuine purpose: to name users and direct people towards a website or application.

It is not unheard of for NFTs to be used as an identifier, but a chosen name that leads to a real place is undeniably more valuable than a picture that is not personally designed and is constructed generatively. This makes their value more intrinsic, as they are used to represent an identity. It is not merely a speculative trading tool but something that can be used to help somebody stand out and gain recognition in the digital world.

W3DNA Review: CONS

Of course, every project has its downsides and its complications, and W3DNA is no exception. If we want to get a full and well-rounded answer to the question of what is W3DNA, then we must delve into its negatives. These elements of this W3DNA review are just as important as its positives, and so they must, too, be covered.

Does Not Support Chrome (Yet)

There may be a huge number of W3DNA supported languages, but one of its current blindspots is that there are not many supported domains. At the moment, W3DNA domains support only the W3DNA web browser, which is free to download on their website. It uses the Chromium codebase, meaning it has many similarities to Google Chrome, which is good if Chrome is your main browser and you want to try this out as the learning curve will be low.

Nevertheless, it is disappointing that other browsers are not supported. However, this is only temporary, as W3DNA is working on support for Chrome, Brave, Opera, Firefox, and others. This means that in due time, it will have complete browser support. Perhaps there is a silver lining to this, in that its lack of current support might mean that its prices for domains are affordable.

If it was fully supporting everything right off the bat, then there may be more of a fight for certain high-profile domains immediately. Yet, this lack of full support actually gives savvy investors a greater chance of snagging affordable domains that are off people’s radars, and then waiting to sell them when support reaches full status.

Some Domain Names are Expensive

There are certain domain names that are extremely expensive to attain. This is especially true for 3 and 4 letter domains like *dex and *defi, but it also includes some longer buzzwords like *bitcoin or *exchange. The idea is likely that these types of domains are intended for corporations or individuals who have a lot of money already.

If all their domains were this expensive, this would be a pressing issue and would place a red flag next to the company as it would suggest that their products were not for the average consumer. But luckily, this is not the case. It currently looks as though there are tons of affordable domain names that have longer characters and are less instantly recognizable, which is great for consumers of all wealth brackets.

In fact, there is a good chance that there are more domains at 2 figures than at 3, 4, or 5 figures. This is because there is no limit to the number of characters that can be used in W3DNA’s domain names, offering maximum freedom and choice. Of course, there is a chance that these rates will rise as W3DNA gets more recognition in this industry, but at the moment, the prices for most domains are reasonable.

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How to Use W3DNA

Lastly, let’s discuss how to buy W3DNA domains, and give an overview of how they can be used. It is very easy to begin using W3DNA NFT domains, and even easier to obtain them. Their intuitive website makes the process simple and efficient, meaning you can get started with W3DNA with ease.

Step 1: Naturally, the first step is to find a domain name that suits you. This could perhaps be your common username online, the name of a project you run, or something nonsensical that you simply believe conveys who you are. Choosing a name is both easy and hard as it will be used to identify you and represent you, yet it can also be viewed as a relatively trivial act.

Step 2: Remember that there is an unlimited range of W3DNA supported languages and characters, so you have a tremendous amount of options. Plus, emojis can be used, too. You could pick one singular emoji, combine multiple of them, or even combine them with standard characters. The possibilities are endless on this front!

Step 3: After choosing a name, place that name in the domain search bar on the site. An asterisk will appear by the name, demonstrating that it is a W3DNA domain, along with a price for the domain. If there are many characters, and the name is not a huge buzzword in the Web3 or blockchain space, then there is a good chance it will be around $15.00 or $25.00.

Step 4: If you choose a low-character count word or a buzzword, then it might be more costly, but bear in mind that these are NFTs and so they can be treated as investments of some sort. When viewed through this lens, it takes some of the thorniness out of the prices of some of the more expensive ones.

Step 5: Once you have done this, add it to the cart, and then go to the checkout. At this point, you are given various options for purchasing. You could choose to use a myriad of different cryptocurrencies, including, Bitcoin, Ethereum Classic, Nano, and stablecoins like USDT. Or, you could stick to good old-fashioned fiat, though Mastercard or VISA credit and debit cards.

Step 6: Once purchased, the NFT will be sent to a non-custodial wallet. W3DNA NFTs are compatible with the Ethereum ecosystem, such as Binance, Ethereum itself, and Polygon. Therefore, a wallet that supports the Ethereum ecosystem will suffice. Go to your wallet, take a look at this domain and then begin making decisions on what to do next.

If you got the domain to represent yourself, then you can set up a website with it and then use the W3DNA web browser to easily access it. Another way of navigating how to use W3DNA is to buy a domain as an investment. In this case, you would not be thinking so much about a unique identifier, and rather be thinking about lucrative opportunities. The process is relatively similar, with perhaps one big exception.

Instead of reflecting on how you want to be perceived, you might find yourself reflecting more so on what returns you could make. Doing this requires a special type of research and intuition whereby you make major assumptions about the future of the internet, and its future trends, and use this to aid your speculative endeavors. However, be very careful about this, as mistakes can lead to losses.

Pros

• Very low trading fees
• Exceptional functionality
• Mobile trading app

Main Features

• Very competitive trading fees
• An intuitive mobile app
• Up to 100x leverage available

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Pros

• A very well-known crypto exchange platform
• More than 500 different cryptos available
• Two-factor authentication

Main Features

• Over 500 different cryptocurrencies available
• Strong security
• Small withdrawal fees

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Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

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Conclusion

This W3DNA review has covered ideas such as what their utility is, why they are different from traditional domains and standard NFTs, and even how to buy W3DNA domains. Not only that, but we have also looked at the downsides and the limitations as well, and placed them in their context to truly figure out how detrimental or trivial they are.

Doing all of this is very important for all W3DNA reviews including those from users as it is necessary to capture the underlying concepts behind it, its potential investment opportunities, as well as its shortcomings. This, in essence, means that our W3DNA review has given a well-rounded and multi-faceted explanation of what it is and where it fits within the ever-evolving world of Web3.

It is hard to say where exactly W3DNA will find itself in the wider online ecosystem, but one thing that is certain is that it is rare to come across projects that attempt to change the architecture of the traditional domain industry, and disrupt the status quo in such a nuanced way. This, in and of itself, is a positive sign for W3DNA, as innovation is sought after in this space, as new ideas are viewed very favorably.

For this reason, it would be wise to keep up with W3DNA’s progress and see how it matures and evolves alongside the Web3 space as-a-whole. Our W3DNA review and other W3DNA reviews from users are great at helping this, as they introduce people to the project, and allow them to make up their own minds on its utility and its functionality. If the wider public sees it as useful, then it will no doubt become a huge part of this ecosystem.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.