NFTs are forever, and so are ba.net domains!
Your-Own.BA.net Domain for Life!
Including email address and web hosting.
Never worry again about renewing or losing your internet domain.
Your domain is an Ethereum NFT that you own and can re-sell.
Because the wallet itself is actually "stored" on the Ethereum blockchain and you have the secret key, it is something that you own outright and no one else can lay claim over it.
It is possible to "authenticate" with that wallet among many different services, and allow those services to recognize the things that you own. What is cool about that is whether you are collecting digital art, music, virtual land, or domain names, they are all stored in the same wallet regardless of their origin.
Not just for kitties, punks, and top shots: NFTs will change everything we know about domains, subscriptions, membership, licensing.
Lifetime membership When we used to watch television that was piped in through a copper coaxial cable, TiVo was a pretty popular with its enabling of timeshifted content. They too had a subscription service, but with one interesting twist:
You could purchase a lifetime membership which meant no more monthly payments.
Many popular services today offer lifetime memberships, VPNs, United Club, Co-Ops, Domains, Ethereum Name Service (ENS) and more.
What Are Non-Fungible Tokens (NFTs)?
Before we get into the nitty-gritty of NFTs, you need to understand the blockchain. Since its conceptual introduction in 2008 by Satoshi Nakamoto, the blockchain has perplexed the world. This decentralized ledger uses cryptography to permanently string together blocks of data.
Blockchain is the technology that powers Bitcoin, Ethereum, and every other cryptocurrency in the world. It leveraged this decentralized public ledger to solve a theoretical riddle for digital currencies, the “double-spend” problem.
Cryptocurrencies are what’s known as fungible tokens. Much like with two separate dollar bills, there’s no difference between one Bitcoin and another. They’re completely identical in every way. Cryptocurrencies aren’t the only thing that blockchains are capable of, though.
Non-fungible tokens exist at the opposite end of the spectrum. Like cryptocurrencies, they’re cryptographic tokens registered on a specific blockchain. However, they’re each entirely unique (and therefore, not mutually interchangeable) — like serialized collectibles of the digital world.
There are multiple types of NFTs out there. Digital art can be registered on a blockchain, for example, as a way to certify authenticity and ownership. The result would be digital art NFTs that represent ownership of original, authentic artworks.
Understanding Blockchain Domains
Now that you have a better grasp of what non-fungible tokens are, we need to talk about blockchain domains. However, before we do that, you should know how domain names work.
How Domain Names Work
Computers connected to the internet have an IP address. These unique addresses allow individual devices to be identified on networks. However, they’re long and hard to remember. For example, Google.com’s IP address is 22.214.171.124. Not particularly memorable, is it?
Domain names provide an easier alternative. Instead of typing “126.96.36.199” in your browser’s address bar, you simply type “Google.com” and hit enter. Your browser automatically figures out that the website “Google.com” is hosted at the aforementioned IP address.
For that to happen, domain names need to be registered in the Domain Name System. DNS servers are spread all over the world, and help browsers resolve domain names to IP addresses. Internet service providers then connect users to the appropriate IP address.
The DNS network is administered by the Internet Corporation for Assigned Names and Numbers (ICANN). They oversee the development and architecture of the overall system at the top level. Up until recently, ICANN and DNS were the only methods to obtain a working domain name.
Blockchain Domain Non-Fungible Tokens
Enter blockchain domain non-fungible tokens (NFTs). They combine the easy trading of NFTs with customizable domain names built on blockchain. In the past few months, they’ve also seen a sudden rise in consumer and investor interest — for several reasons.
Companies such as Unstoppable Domains and protocols like Namecoin allow users to purchase blockchain domains, and even entire domain namespaces. The latter allows users to rent or sell individual domain NFTs down the road. For example, the owner of “.crypto” domains on a specific blockchain protocol can rent or sell individual “name.crypto” domains. This can pose a unique opportunity for early investors. Some, like Mark Cuban, are already looking towards this new, booming market.
Cuban has already launched several lines of collectibles, figurines, and digital art powered by NFTs. Still, he believes that these novelties are mere proofs-of-concept. “The real growth comes when corporate [intellectual property] goes [to NFTs],” tweeted Cuban in late February 2021.
NFTs for Generic Club Memberships and MarketplacesA new kind of membership card, one that is in and of itself a non-fungible token.
What kinds of things would this enable?
Rewarding your most loyal members—it doesn't all have to be about making money. Some members could be rewarded with such a token, and might in turn become an even more powerful supporter.
Fractional ownership. What if a token was the new season pass? Though the token itself would not be fungible, perhaps there would be a way to participate together. The features of the token would only be redeemable by the current bearerer of the token, but those sharing the token could trade off on who the bearer might be at any time.
Exclusivity—imagine Peloton had these sorts of lifetime memberships as tokens that could be represented as a badge next to my avatar while riding. You know who would want them? Everyone. Every single Peloton rider.
Liquidity—if there was a transparent process for how new membership tokens are minted, one could ascribe a value floor to the tokens, and trades of these might happen at a multiple of their purchase price Value creation—As new features of the membership get added, the intrinsic value of the token would change accordingly—imagine an exclusive event where token holders get access—the price of those tokens would likely increase with such a thing
Discouraging bad behavior—there could be clear policies which would allow for a token to be burnt, or invalidated, based on the behavior of its owner. Now, this would need to be implemented carefully, but essentially it would be possible to build a TOS into the token itself.
Each sub-domain will be an Ethereum NFT that provides ownership of the sub-domain as well as dividends from the BANET DAO.
Dividens come from NFT domain sales and premium services such as extra storage for email or web domains. Dividens will be paid in the ERC20 governance token BANET.
A ba.net sub-domain for life costs $199.00
2, 3 and 4 letter domains only available on the secondary market
BANET Domains NFTs launched 2021
DAO and BANET Token launch scheduled for 2022