About the Avvy Domains Protocol

Ira1991

"Avvy Domains is a decentralized domain protocol within the Avalanche ecosystem, officially launched at the end of May 2022. It supports the entire Avalanche ecosystem, including its subnets. Similar to ENS (Ethereum Name Service), registration fees for Avvy Domains are calculated based on the length of characters and the duration. The registration fee for 3-character domains is $640/year, 4-character domains are $160/year, and 5 characters or more cost $5/year. As of now, the total registered domains are approximately 8,600.

Avvy Domains comply with the ERC-721 standard and can be traded on three NFT marketplaces, with the majority of trading activity happening on the Joepegs platform. As of July 28th, the total trading volume for Avvy Domains is about 20.85 AVAX, roughly equivalent to $480 (calculated at $23 per AVAX). Transactions on Joepegs and Kalao platforms account for approximately 86% and 14%, respectively. Furthermore, the floor price for Avvy Domains on Joepegs is approximately $12, while on Kalao, it's around $8."

977Iti

There are many NFT trading platforms.

Kahn332

NFTs have a substantial value.

Jiger955

Anyway, it's essential to prioritize caution and security!

Jiten171

Right now, NFTs seem to be highly desirable.

Shri333

In general, people tend to choose trustworthy trading platforms.

Samiksha

If everything can be represented as NFTs, does it lead to depreciation over time?