One of the most popular things on the crypto market right now is the flipping of domain names (domains NFT) for profit.

What are NFT domains?

NFT domains are types of domain names that are hosted in a decentralized way and exist as a smart contract on a public blockchain. They include extensions like.nft,.crypto,.eth, and others that mostly work on Ethereum and Polygon blockchain networks.

When someone buys an NFT domain, they get a lot of benefits. For example, they can own it for life without having to pay any monthly or yearly fees. This lets them keep full control of the domain, and in Web 3.0, no one else can take it over. Another great benefit is that the person who owns such a domain name can use it however he wants, without any outside pressure from the big tech companies.

The main way these domains are kept up is by being stored on a cryptocurrency wallet that only the owner has access to. Once the owner gets a domain like this, he has full control over it and can sell it, make an NFT domain website in IFPS, and change it in any way he wants, unlike with traditional domains.

Having an NFT domain also has the following benefits:

This domain cannot be re-registered or taken away from its owner;
The domain can be used to make Web 3.0 sites that don’t have a central server;
Anyone can ship, sell, or take over the domain;
The domain’s owner has full control over it;
The owner can turn their cryptocurrency wallet address into their NFT domain name, like “yourwallet.wallet,” instead of a long string of letters and numbers.

Continue reading here : https://altcoin.ng/how-to-make-money-flipping-nft-domains/