Web3 Domains (.eth, .crypto)

Web3 domains long crypto addresses (0x742d35Cc6e4F4...) को human-readable names से replace करते हैं (alice.eth)। Universal Web3 identity का foundation।

Major providers:

ENS (Ethereum Name Service): - Most popular - .eth extension - Resolves to Ethereum addresses - 3M+ registrations - Native to Ethereum

Unstoppable Domains: - .crypto, .nft, .wallet, .bitcoin extensions - Polygon-based (cheaper) - 3M+ registrations - Lifetime ownership (one-time fee)

Why use Web3 domains?

1. Easy to remember। alice.eth vs 0x742d35Cc6e4F4...

2. Universal identifier। Single name across multiple chains।

3. Receive crypto easily। Friends can send ETH, BTC, etc. to your name।

4. Web3 website hosting। Some platforms (IPFS) allow building decentralized websites at your domain।

5. Social identity। Twitter integrations, Web3 social platforms recognize।

6. NFT showcase। Display NFT collections at your domain।

Cost comparison:

ENS (.eth): - 3-letter: $640/year - 4-letter: $160/year - 5+ letter: $5/year + gas (~$5-20)

Unstoppable (.crypto): - One-time fee (no renewal): $5-50 depending on rarity - 4-letter premium: $40+ - Common names: $5-10

Indian users — practical:

Step 1: Choose provider। - ENS: better established, Ethereum-native - Unstoppable: cheaper, no renewals

Step 2: Get on MetaMask। - ETH or MATIC for purchase

Step 3: Buy domain। - ENS: app.ens.domains - Unstoppable: unstoppabledomains.com

Step 4: Configure। - Add resolver (other chain addresses, social profiles, NFT showcase)

Step 5: Use। - Receive crypto at your name - Twitter/X bio: alice.eth - DeFi/NFT apps recognize

Common uses for Indians:

• Receiving freelance payments in crypto without sharing long addresses
• Social identity in crypto communities
• Long-term holding (some Web3 domains gain value)
• Future-proofing Web3 identity

Tax for Web3 domains: - Purchase = no immediate tax - Sale at profit = Section 115BBH (treated as VDA) - Renewal fees = operating expense

Premium domain market: Some Web3 domains worth significant money: - jeff.eth: estimated $1M+ - amazon.eth: legal disputes, claimed value $1M+ - india.crypto: rare premium

Speculation market exists but most domains affordable।

Limitations:

• Mainstream adoption low
• Browser support limited (Brave/Opera some support)
• Need specific wallets/dApps to recognize
• Trademarks issues sometimes

Recommended for Indians:

Definitely get: - yourname.eth or yourname.crypto (₹500-2,000 cost) - Use for crypto identity, future-proofing

Maybe: - Premium short names (if affordable) - Brand names (if you own trademark)

Avoid: - Squatting other trademarks - Speculative premium purchases (risky)

Future outlook: Web3 domains likely standard identifier 5-10 years out। Early adoption cheap and beneficial।