Blockchain Domains is a social NFT domain protocol for brands & projects. Projects with large community can create their own top level domains (TLD) for their users or fans for various use cases such as governance, identity & many more.
Domains on the BNS protocol are permanently owned, thus, once a domain is purchased and registered, there will be no need for annual renewal as it never expires.
#BNS#BNBChain#BNB#ETH#BTC#NFT
Blockchain domains offers a simple way of remembering your wallet addresses #BNS is a protocol to offer such services on #BNBChain, providing you a permanently owned #NFT domains ... #BNB#ENS
we believe all domain name registries should be 100% compliant with ERC-721 NFT standards. This provides a unified API for integrating these domain registries to existing NFT marketplaces & applications with ease.
We propose that these domains should have a one-time premium price without expiry or annual renewal. The protocol can still make money for development and marketing in the future by leveraging the EIP-2981 standards for implementing royalties to these NFT domains. #BNS
Unlike traditional domains which map to IP addresses, blockchain-based domains map to wallet addresses making them a crucial part of their ecosystem. Expiring these domains can cause a massive financial loss if the owners fail to renew them on time.
The genesis of the domain name industry commenced when #ICANN , a non-profit company founded on September 18th, 1998, took the sole responsibility to provide a central protocol for mapping human-readable domain names to IP addresses for the internet. #BNS#BNBChain#Domains