Metaverse Domains:
All Hype Or Next Big Opportunity?

Metaverse domains have become the most talked about topic in the digital world. As you may know now, metaverse domains are the upgraded version of the traditional domain names. Metaverse domains are reliesed by the metaZ organization and these metaverse domains are stored and shared in the decentralized network. With its compatibility with the newest technologies, metaverse domains open up new opportunities in the metaverse.

As there are so many hypes introduced lately such as crypto and NFT, people need to confirm whether metaverse domains are the next big opportunity or just a hype. In this article, you will get a crystal clear idea about it!

About Metaverse Domains…

Metaverse domains are an upgraded version of the traditional domain names that are compatible with the newest technologies of the metaverse. The metaverse is the future of the web 2.0 internet, where users can experience the internet going beyond the 2d frame of the traditional internet. Metaverse domains are used for two main reasons; to create metaspaces on the metaverse and to resell for profit (domain flipping). As metaverse domains are decentralized, users can receive benefits such as, one time payment and lifetime ownership.

Are Metaverse Domains Just A Trend?

Technology is something that people like to engage in but is very conceiving. Most people don’t know how to protect themselves on the internet as it is full of scams and fraud strategies. So it is very important to confirm the validity of any thing before rushing into investing or spending money. If it is a trend, you are just wasting your own money and that is why we need to clarify this with the following facts!.

• Represents a metaspace- Metaspaces are the “metaverse version” of the websites. This is the main usage of a metaverse domain; to create a metaspace. A buyer can purchase a metaverse domain and build their dream metaspace in the metaverse. Metaverse domains are the gateways of the future internet and it offers you a huge opportunity in the metaverse.
• Ownership- Buyer gets the full ownership of the metaverse domain as there is no centralized organization to manage them like in the traditional domain name system. Owner does not have to pay any renewal fee and the ownership lasts for a lifetime. Owner has full control over the domain such as to resell the domain and to set the reselling price.
• It is an investment- With metaverse domains, users can create metaspaces, upgrade their existing business in the metaverse, and ofcourse update their own businesses according to the metaverse. It also gives the users new experiences. Users can invest their vivid business ieas in the metaverse via metaverse domains.
• Security- Metaverse domains are backed by the blockchain technology, it ensures transparency, security and trust.

By reading the above factors, it is safe to say that metaverse domains are not just a hype or a trend that last for a short period of time. Most of the time hypes do not come with benefits or last for a lifetime long.

How Can A Metaverse Domain Be A Big Opportunity?

Do metaverse domains offer huge opportunities? Here are some benefits a metaverse domain owner can receive.

• Gateway to the future: Metaverse is a platform that users can experience the internet without boundaries, it is a 3D ecosystem. The traditional internet is 2D and limits the experience. The only way to experience the metaverse, the future of the internet is through the metaspaces. Metapsaces are hosted with metaverse domains. So metaverse domains act as a gateway to the future of the internet. Metaverse domain owners get a huge opportunity to invest for the future of the internet.
• Low prices: Metaverse domains are in an introductory pace right now, so the prices are very low and affordable. As there is no competition yet in the marketplace, potential buyers can purchase these domains for a low price.
• Higher ROI: As mentioned above, you can buy metaverse domains for a competitive price range. And with higher demand, the rates of the metaverse domains can be higher. Then metaverse domain owners can resell these for a higher price. For example, .com domains were available for a low price in the earlier paces. But in present times .com domain names are lucrative.

Metaverse Domains Vs Traditional Domains

As mentioned above you have an idea about whether meta domains are all hype or the next big thing. Metaverse domains are introduced as the updated version of the traditional domains, so here is a comparison between the two types to see the difference clearly.

1. Main usage

Meta domains – these domains are used withing the metaverse. They are unique identifiers of virtual platforms on the metaverse.

Traditional domains – these domains are used withing the present web 2.0 internet. Users cannot use these domains to access the metaverse.

2. Ownership and technology

Meta domains – these domains are based on the newest blockchain technology. And blockchain technology is a decentralized system therefore these meta domains do not managed or owned by a centralized organization. These domains are entirely owned by the domain owners.

Traditional domains – key technologies involved in traditional domains are DNS Domain Naming System and ICANN Internet Corporation for Assigned Names and Numbers. Traditional domains are controlled and managed by a centralized organization called DNS and domain registrars.

3. Experience

Meta domains – with meta domains users can go beyond 2D internet frame and experience the 3D internet, a virtual reality. With a meta domain users can create meta spaces and make their business ideas a virtual reality.

Traditional domains – compared to the metaverse, the present internet is limited and the experience a user can get is limited.

4. Registration

Meta domains – as mentioned earlier, meta domains are completely owned by the domain owners, so to own a meta domain, user need to register it for only once. There is no renewal and pay for it other than you paying for it when you buy it.

Traditional domains – other than registering the domain when purchasing it, the domain owner needs to renew the registration once a year as long as the owner keeping it. As you can see meta domains are futuristic in every aspect compared to traditional domain names. Users expected a change in the internet, an internet they can experience, and now that era is here. With a metaverse domain, you can experience the future.

In conclusion, by considering the factors, it is safe to say that metaverse domains are more than a hype. They are necessary in the metaverse ecosystem and come with many benefits.