An NFT domain is an Internet domain based on blockchain technology.
The main difference between a classical domain and an NFT domain lies in the decentralisation of the latter.
Domains on blockchain are not managed by intermediaries or other centralised entities and do not rely on DNS to assign their domain name because their operation is governed by smart contracts, software developed on blockchain.
NFT domains are therefore unique digital products that cannot be reproduced, plagiarised or stolen.
Like any other NFT or cryptocurrency, domains on the blockchain can be bought, sold and traded, even on secondary marketplaces.
NFT domains represent a new form of digital identity that allows users to prove not only domain ownership, but also to have full control over the content of their website. Indeed, they are not subject to censorship practices or limitations like traditional domain names, but can be changed or updated solely by the domain owner.
A domain on blockchain can be used for several functions:
- It can be associated with a wallet address;
- It can be used to access and register on decentralised applications (dApps);
- It can perform the function of a traditional URL and thus uniquely identify a web page.