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Home Altcoins

A Naming Service Using NFTs Launched On Harmony

by Abimbola Adu
Aug 11, 2022 - 12:00 am
in Altcoins
A Naming Service Using NFTs Launched On Harmony

Recently, a unique NFT subdomain was launched on the Harmony blockchain.

We're now LIVE on @harmonyprotocol! 💙

Are you an artist? A builder? A developer? An influencer? Or, perhaps, you've just always wanted your personalized domain?

Buy your decentralized name with $ONE TODAY on https://t.co/3aAc3pBngy!

Social links are in our profile header! pic.twitter.com/PLnCdIBIxs

— Harmony Name Service | HNS Domains 💙 (@HarmonyDomains) August 2, 2022

The name of the subdomain is crazy. One, and it is available both as an NFT and as an asset that can be added to the blockchain wallet via HNS.

The domain will function as NFTs, enabling anyone to connect their virtual identity to a decentralised internet.

To purchase this subdomain, all that is required is to complete a simple transaction in Harmony. 

First, you will be required to pay a fee using the $ONE token on MetaMask.

The token is currently worth 0.027 dollars, and according to the famous asset price tracking company, CoinMarketCap, it is ranked 111 in the crypto market.

The rent will last a year, but after that, operations and management of the domain and HNS will shift to the control of the community DAO

Further, all the funds used in purchasing the domain name will go to the wallet of the community DAO.

Next, visit https://crazy.one to purchase your NFT subdomain. Once you are done, it goes live and will be able to serve as your identity in the blockchain community and dApps.

This subdomain is unique because it combines NFTs, blockchain name service, and live subdomain service.

HNS, the platform housing the NFT subdomain, was a product of SonicSwap, a DeFi protocol on the Harmony blockchain. 

SonicSwap was founded to serve as a DeFi link, allowing people to build dApps on the Harmony platform.

In addition, they aim to create an environment that will bolster the portfolio of liquidity providers to the platform and users.

HNS, like all other naming services, is built on a blockchain network smart contract. 

As we know, smart contracts ensure security through complete decentralisation.

Tags: HarmonyNFT
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

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