The same technology is used for an NFT domain. The blockchain contains information about the owner of the domain as well as the content of a website or domain. The NFT domain is stored in a wallet, just like cryptocurrencies or NFTs. This means you’re independent of the actual Internet and any third-party providers. NFT domains are also used to facilitate cryptocurrency trading.
There are several providers that specialize in NFT domains. A few examples of available domain extensions are:
- .x
- .crypto
- .wallet
- .bitcoin
- .888
- .nft
- .blockchain
- .bnb
- .defi
Unlike domain endings (top level domains), which are officially released by ICANN, NFT domain endings are released and managed by the respective providers. These can be various players of the so-called Web3, such as Unstoppable Domains which specializes in NFT domains.
The fact that NFT domains are not released by ICANN means that they are not registered in the root directory of the Domain Name System (DNS). Therefore, they cannot be accessed across all browsers or only with the help of a plugin. Another problem could be that ICANN could, in principle, approve the same top level domains for the official Domain Name System in the future.