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If they're Web3 domain names where you truly own the digital property, then you would no longer need to pay a monthly fee. πŸ€”

I saw a blockchain offering decentralized domain names where a tiny fee is to be paid every year just to tell the nodes on the network that the owner of the domain name still wants to keep the name working, and that fee is drastically lower than the price of an "ordinary" name. πŸ€“

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Ah, OK, I see. That reminds me of the domains that can be registered through Handshake, a decentralized, blockchain-based DNS service.

That seems pretty silly to me to do the same thing with web3 domains as is done with web2 domains. That doesn't really make me have any interest in looking into it...lol! 😁 πŸ™ πŸ’š ✨ πŸ€™

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The tiny yearly fee I am referring to is just for those Web3 domain names to continue operating, such that when it is not paid, it still remains with its owner indefinitely (until sold). πŸ€”πŸ˜Ž

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OK, that makes more sense, and makes them a bit more appealing then! I'd need some way to practically use a web3 domain before I decided to buy one. 😁 πŸ™ πŸ’š ✨ πŸ€™

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I think that (tiny) recurring fee is !INDEED still necessary to avoid overloading the network with a lot of inactive Web3 domain names. πŸ€”πŸ˜…

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Yes, I can see the usefulness of that implementation. Does that mean that if the fee is not paid that the domain is released to someone else? 😁 πŸ™ πŸ’š ✨ πŸ€™

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Β last monthΒ (edited)Β 

The Web3 domain name, if the recurring (tiny) fee is not paid, temporarily stops working (sending visitors to the target website), but stays with its current owner. πŸ€“

Anyway, looks like your "autocorrect" changed "then" to that after "paid". πŸ€―πŸ˜…

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@tydynrain! @savvytester Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @savvytester.

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@tydynrain just sent you a DIY token as a little appreciation for your comment dear @savvytester! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

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@savvytester just sent you a DIY token as a little appreciation for your comment dear @tydynrain! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

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@tydynrain just sent you a DIY token as a little appreciation for your comment dear @savvytester! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

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@savvytester just sent you a DIY token as a little appreciation for your comment dear @tydynrain! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

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