NTF domain – what is it?
A typical domain (.com, for instance) works in this way:
- a domain is owned by a company
- when you buy it, you actually rent it for some time
- after this time expires, you should pay to renew it or you lose the right to use it further.
As you can see, you don’t physically own your domain. With NTF it is completely different
NTF (Non-Fungible Token) is a technology used in blockchain to prove the authenticity of something you own. The same is with an NTF domain. When you buy this type of domain, you become its lifetime owner. You don’t have to pay more, you don’t have to rent it. Decent, right?