NFT Domain Resell
Domain names can be tokenized (create an NFT) and redeemed to reveal the real domain name at any time. This process is called wrapping (tokenizing) and unwrapping (redeeming) a domain name.
When users wrap their domain name:
- 1.The domain name is transferred to an escrow account
- 2.And the smart contract creates an NFT that is transferred to the user in return
- 3.When the NFT is unwrapped again, the program will burn the NFT and return the domain name to the owner
Users can wrap and unwrap their domain names a limitless number of times
Metaplex does not support NFTs with names with more than 32 UTF-8 characters. As such domain names of that length or greater cannot be wrapped
Domains mixing several languages & domains with uncertified unicodes cannot be wrapped into an NFT
Wrapping your domain as an NFT means a few things:
- 1.Funds transferring is complicated depending on the wallet you are using
- 2.You cannot edit the content of your domain
- 3.You cannot transfer your domain
You would need to unwrap your domain on our website to retrieve your actual domain with all its use cases
If funds are mistakenly sent to an NFT domain, these will be recovered when unwrapping the domain again
Funds will be recovered by the last user who unwraps the domain. This means if you had funds sent to your NFT domain, unwrap it first to recover your funds, before selling it as an NFT again
Once there, select "View" on any domain name you would like to wrap as an NFT. Click on the "Wrap domain into NFT" button as displayed below
Then select "Wrap domain into NFT" and approve the transactions
Wrapping your domain name into an NFT only costs a gas fee. Initial wrapping will cost a little more to create the metadata
If you have wrapped your domain name you can find it under "NFTs" in your collection on your profile page
After wrapping your domain, you can list in on a variety of NFT marketplaces displayed below:
NFT Marketplace |
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You can easily unwrap your domain name on your profile page. Under "Collection" select "NFTs"
Here you can either unwrap all of your domains at once as displayed below
Or select "View" of the domain you would like to unwrap, approve the transactions and you would have redeemed your actual domain name with all of its use cases again
You can unwrap your domain at any time
Last modified 1yr ago