What is a Web3 domain name?

A Web3 domain name is a blockchain-based domain — a new kind of internet address that represents your identity, website, or wallet on decentralized networks. Unlike traditional Web2 domains (like example.com), Web3 domains are stored on a blockchain, giving you true ownership and enabling decentralized functionality.

Here’s a breakdown 

1. How it differs from a regular domain

2. Popular Web3 domain providers

• ENS (Ethereum Name Service) → domains end with .eth
• Unstoppable Domains → domains like .crypto, .nft, .wallet, .x
• BNB Name Service → .bnb domains for the Binance network
• Solana Name Service → .sol domains

3. What you can do with one

• Simplify crypto payments: Instead of sending to a long address like
  0x4f3C...a91, you can send to alice.eth.
• Host decentralized websites: Point your domain to files stored on IPFS.
• Use it as your digital identity: Log into dApps and Web3 services with it.
• Use it as an NFT: You can sell or transfer your Web3 domain just like any other token.

Example

If you own alice.eth:

• Others can send you ETH or NFTs just by typing alice.eth.
• You can use it as your Web3 username across dApps.
• You truly own it — no registrar can take it away.