Lifetime ownership (Web3) vs renewals (Web2)

Freename offers both Web3 domains/TLDs and Web2 domains. The main difference is how ownership is managed over time: lifetime ownership for most Web3 assets versus annual renewal for Web2 domains.

Web3 on Freename: Lifetime Ownership

Most Web3 domains and Web3 TLDs purchased on Freename are designed as lifetime assets. That means the asset itself is not tied to an annual renewal fee.

Web3 lifetime, with one important exception

• All Web3 domains available for purchase on Freename are lifetime assets, except .CHZ domains.
• .CHZ Web3 domains follow an annual renewal model.
  
  

No hidden renewal fees for lifetime Web3 assets

For lifetime Web3 domains and Web3 TLDs, there are no annual renewal fees for the asset itself.

Network fees are different from renewals

Some actions on-chain may require blockchain network fees (gas), depending on the blockchain and the action. These are standard transaction costs and are not annual renewals.

Optional add-ons can be recurring

Even when the Web3 asset is lifetime, optional add-ons and services may be billed on a recurring basis, depending on what you enable, such as Royalties or Reseller Tools.

Web2 on Freename: Annual Renewal

Web2 domains generally follow the standard domain model:

• You register the domain for a period (often 1 year).
• You renew it to keep it active.
• Pricing can depend on the TLD and the number of years selected.

Freename offers Web2 domains within this typical renewal framework.

FAQ - Frequently Asked Questions

1) What is the key difference between Web3 and Web2 ownership?

Web3 domains and Web3 TLDs on Freename are generally lifetime assets (no annual renewal for the asset), while Web2 domains require renewal to remain active.

2) Are all Web3 domains on Freename lifetime?

Currently, all Web3 domains available for purchase on Freename are lifetime assets except .CHZ domains, which follow an annual renewal model.

3) Are Web3 TLDs on Freename lifetime?

Yes. Web3 TLDs are designed to be acquired as lifetime assets and are not tied to annual renewal fees.

4) Are there any renwal fees for lifetime Web3 assets?

No renewal fees for the lifetime Web3 domain or Web3 TLD itself. However, some on-chain actions can involve network fees.

5) What are blockchain network fees (gas)?
They are transaction costs required by the blockchain to process certain actions. They are not renewals and can vary based on network conditions.

6) Can there be recurring costs on Web3 even if the asset is lifetime?

Yes. Optional add-ons and services may be billed on a recurring basis depending on what you enable, such as Royalties or Reseller Tools.

7) How do Web2 domains work on Freename?

Web2 domains follow the standard model: you register for a period and then renew to maintain the domain.

8) Where can I check the expiration date for my TLD or domain?

You can view the expiration date in your Freename account by opening the management page for your TLD or domain (from your portfolio and domain management area).