FAQ
About the FNS
Last updated
About the FNS
Last updated
FNS is a decentralized domain name system on the Filecoin network, similar to Ethereum's ENS and Handshake. Users can access their data stored on the Filecoin network by using easy-to-remember domain names.
FNS domain names are classified according to the length of characters. Currently, during the promotional period, the annual fee for a three-character domain name is 10 FIL, a four-character domain name is 1 FIL, and a five-character domain name is 0.1 FIL per year.
FNS maps a file's CID to an easy-to-remember domain name, providing a convenient way to access data stored on Filecoin without having to remember complex CIDs. Each FNS domain name is considered an NFT and can be transferred and traded on secondary markets.
The design goals of FNS are to provide a decentralized domain name system for users and developers on the Filecoin network, which solves the difficulty and inconvenience of using cid to access data stored on Filecoin. The main design goals of FNS include usability, decentralization, security, ease of integration, and scalability.
The use cases of FNS include but are not limited to decentralized storage services, Web3 applications, blockchain games, digital art markets, and decentralized exchanges.
FNS provides a secure domain name system that ensures users' data is not tampered with or stolen. In addition, FNS is a decentralized system with no single centralized control point, avoiding single point of failure and tampering risks.
Users can integrate their DNS domain names into FNS and use them as wallets, Web3 usernames, and decentralized websites. Developers can use FNS's easy-to-integrate interfaces and tools in their applications.
The specific application values include:
First, FNS domain names can be sold and monetized in the secondary market, and their prices may be very high. Web2 domain names such as AI.com and 360.com and some Web3 domain names like ENS have sold for tens of millions of dollars, which shows that domain names can become an important asset and investment product.
Second, FNS domain names can be resolved to wallet addresses, making it convenient for users to transfer and receive payments, avoiding the need to remember long hash values.
Third, FNS domain names can be resolved to the IP addresses of Web2 and can be used to link to various websites and decentralized enterprises, such as nike.fil.
Fourth, FNS domain names can be linked to and resolved to Filecoin's storage CID, which can be used as a decentralized storage cloud drive. This is also an important value that distinguishes it from other public chains.
Fifth, FNS domain names can build a decentralized network. As the Filecoin ecosystem gradually matures and IPFS partially replaces HTTP, building decentralized websites becomes possible, and domain name values will skyrocket.
Sixth, registering and holding FNS domain names will receive FNS token airdrops. ENS, Ethereum's domain name project, is now worth $12 per coin, with a total market value of $1.2 billion. FNS airdrops will become an important source of income.
Firstly, the FNS project ranks second in the FVM ecosystem and has surpassed 10,000 on-chain interactions in just two weeks, demonstrating its strong application and ecosystem vitality.
Secondly, FNS can be used as an NFT for secondary trading on OpenGate's NFT Marketplace, expanding its application scenarios and investment potential.
Thirdly, FNS can be used as a decentralized storage account, which is an important feature that distinguishes it from other public chains.
Finally, with the arrival of the era of distributed storage and Web3, IPFS will partially replace HTTP, and FNS domain names can be resolved to decentralized websites and applications, which has great potential for development and investment in this trend.
There are many factors to consider when evaluating investment value, including your understanding of the market, technical knowledge, and predictions for the future. Here are some types of FNS domain names that may have investment potential:
Short domain names: Like other blockchain domain names, short, memorable, and numeric FNS domain names may be more valuable. They are easier to remember and promote in the market.
Industry-related domain names: FNS domain names related to certain industries in the Filecoin ecosystem, such as distributed storage, blockchain gaming, or digital art, may have more investment value.
Domain names related to well-known companies and brands: FNS domain names related to well-known companies and brands may have more value because these brands already have a good reputation and recognition in the market.
Unique domain names: FNS domain names with uniqueness, creativity, and interest may also have investment value, as these domain names may attract attention in the market and have collectible value.