Blockchain domain company Unstoppable Domains has announced that as of today, the company will no longer charge customers for gas to cast NFT domains.Unstoppable has completed the first phase of its migration to Polygon, a second-tier scaling solution for Ether that speeds up transactions and mitigates fees.
Initially, Unstoppable Domains leveraged the Zilliqa blockchain before moving to Ether and now Polygon, which touts itself as an “eco-friendly blockchain extension to Ether.”
“Gas” on Ether refers to the variable cost of making any kind of transaction on the network, which can often become quite expensive. For example, gas costs up to $100 to mint a domain on Unstoppable Domains via Ether. While Ether is currently upgrading its network to reduce such costs, it’s unclear when the upgrade will be completed, which may help explain why Unstoppable Domains has now chosen to move to Polygon.
Unlike many other NFTs, which are typically associated with visual art such as images, gifs or short videos, NFT domains are simply web domains that exist on the blockchain.NFTs are tokens that can be used to represent ownership of various types of digital items, including “uncensored” web domains. These domains also serve the dual purpose of providing short, easy-to-remember cryptocurrency wallet addresses, much like the “.eth” names offered by the ethereum name service.
Unstoppable Domains claims that more than 1.5 million NFT domains have been set up through its service since 2018. The company allows users to purchase domains ending in .crypto, .nft, .bitcoin, .dao and .blockchain, just to name a few.
Now that Unstoppable Domains is moving to Polygon, the company plans to provide support for domain management and a transfer solution for those with old Zilliqa and Ethereum minted domains. At the end of this month, users will be able to set up domains on Polygon with their cryptocurrency addresses, as well as add other features such as NFT galleries and social media links. If users wish to transfer their domains from Polygon to Ethereum, they will be able to do so sometime in early 2022, but Ethereum gas fees will apply.