Bitcoin Forum

With the advent of the metaverse and the possibility of turning our real addresses into virtual addresses, I saw a potential new use case for Namecoin. Unfortunately, despite the coin can still be found in a couple of exchanges, it seems that the project is dormant or dead. Anyone has any updates or know anything about namecoin?

Namecoin used to be one of the top altcoins years ago but as time goes by this project loses its wonder touch yet it's not too late i believe, if project like Dogecoin can still become big today after many years of rendering useless in crypto world then anything is possible

According to the Namecoin ANN thread, the project is still alive. Community out there tries to find solution for the trade volume and the supported exchanges.
https://bitcointalk.org/?topic=6017.0
User vinced (https://bitcointalk.org/index.php?action=profile;u=9552) who published the ANN isn't active anymore since 2012. However, i found it interesting that he got green positive trust from a DT member in 2018: https://bitcointalk.org/index.php?action=trust;u=9552

Please explain more how you see potential new uses case for Namecoin.

Name coin is one of the coins that can surprise the crypto market, but this coin is forgotten because there are so many new projects whose hype is very high, even though the price of NMC fallen too deep $1.485 from the highest price ever reached which  $16.30, but in my opinion this coin not dead, because the community is still very active to make this project grow again, I am very optimistic that this project will grow again but not in the near future.

I don't know about the namecoin in question but I would do my own research over it, it don't get excited and thrilled so much when a project starts to do well, i see it as the project has sold out their plans very well to investors and they are buying, that's why we see project that has done very well from onset fades of or just disappears without any trace and investors can't do anything about it.

You can say this is a legendary coin because since then I don't know anything about crypto.
the price at CMC is still quite high: https://coinmarketcap.com/currencies/namecoin/
Active on twitter on 18th december with the release of download beta wallet.
But to be honest I don't know about the renewal of these tokens, but clearly they are very behind with the current trend and usually old projects integrate into new ones.

I think Memecoin is only one letter different. Talking about Namecoin has not done much work and changes for a long time. Until it seems that many are no longer interested in namecoins. Well, we can find it on some exchanges, but the level of trading volume is not increasing. In the past, it had stolen attention, over time, namecoins seemed to have been abandoned by the developers. 2011 they posted a thread on this forum, https://bitcointalk.org/?topic=6017.0 and since 2012 the account is no longer active.

Sadly, it's almost dead.

It might be on different exchanges but if you check its volume. Almost going to zero and that can't be sustained with anything that it would be put into use.

That's why a coin that has near to zero volume is likely going to that destination of being dead.

It's very unlikely that the potency able to be implemented into Namecoin. Given the nature of how it works, I think there is no reason to achieve what others have already been doing, in this case, smart contract(metaverse, or etc) into the underlying of how that coin works. Not to mention that there are already many new projects that have already gained a higher userbase compared to that.

Even if they tried to implement a new thing that all the kids around the block have been doing, it needs a major overhaul into their system since I believe the current isn't specifically built with a smart contract in mind.

This is the main reason why i asked OP about what potential use cases he saw in this very old project.
It had stolen attention in the past because it was the early age of crypto and the market was almost empty except from bitcoin and litecoin maybe.
Actually, it seems like the team behind the project (if any) is facing some troubles applying updates. While seems that the project still has an active community as shown in the ANN thread last pages.

They are not ranked and they are not on the top exchange and on Coingecko there's no volume showing this project is almost dead, I have not read it in any discussion until now, it's unfortunate because this is an old coin, it's all-time high was 8 eights ago and the price is still going down, it cannot keep up with the development and cannot introduce new innovation

Some Namecoin-fans that don’t want NMC (the first alt and the first BTC fork) to die continue to trade it on some exchanges. You can find it trading on CoinEx (NMC/BTC, NMC/USDT pairs), YoBit(NMC/BTC), SouthXchange (NMC/DASH, NMC/BTC), Altcointrader (NMC/ZAR). Here you’re some graphics:
https://c.radikal.ru/c13/2112/52/e4b55fdacced.jpg (https://radikal.ru)
https://c.radikal.ru/c23/2112/fd/7f5b11e2cb4a.jpg (https://radikal.ru)

If the creator of the ANN thread is not that active, then it's obvious that the project itself is dead.

And as far as I can remember, this is a very old coin, meaning it did survived along the way, unfortunately, it didn't have any support or consensus from the community and I would say that it has been forgotten already. And with Metaverse now, it will greatly be affected by it.

You are correct about the current state of Namecoin, it is essentially dead.

Although a coin never really dies out but the activity on exchanges and social media is enough to determine how much active it otherwise might me. With a dead forum and a chart with its All-Time-High 8years ago and daily trading volume of 10k USD, I would say it is dead for the time being.

Unless some "nole ksum" comes in with another space project and starts shilling this coin, I dont see any future of it. Their recent wallet software was launched, so I assume developers are still active(?) - so there is a chance of inorganic shilling by some millionaire in future.

But how exactly does this move with the metaverse concept? I tell you I am old school hodler, not interested in the current hypes.

Namecoin is a grand master in crypto space but everything turn around because of lack of continuous development from the team, I don't believe it's a dead project just imagine if the team or a new team take over the project and start implementing new use cases like metaverse or web 3.0 the project will bounce back to life to reclaim its name once again

If I am not mistaken, Namecoin was famous for being one of the oldest altcoins and also the first ICO (or maybe I got another different once).

Metaverse using virtual instead of real addresses, I don't think useful to revive an old project where community is also lacking. It's also problematic if you need miners and you already mined so much in the hands of a few right?

I have no idea what's with the team and what they're facing.

But it really looks like we know where it's going and there's no more hope on it if this was happening long time ago. Yeah, one of the first but it's now forgotten and didn't managed to adapt what's with the new trend.

Many projects are going like this maybe after a few years.

I guess it can be used to provide domains and Ips for virtual land or virtual property such as buildings that are bought in the metaverse... at least I see it as a possible use

It seems the project is no more alive even if the team is trying to bring it alive its more tough than creating a new one so no more hope of in it even if you have some tokens left in your project and never let someone to access your wallet if they PM you that they can help you with this because its just a trap to steal any money left in there.

Only have under 100k USD trading volume for a project that already more than 5 years old, i think this project no longer have any marketing strategies and developing usecases, people rather choose a new metaverse projects with new developed technology so i think this project is alive but it's dead also  ???
There are still trading volume for this coins maybe just for trader scalping daily instead of investing on this coin IMO

Long time I do not hear about Namecoin but the project is still active and listed on some exchanges such as CoinEx, SouthExchange, YoBit, and the other exchange that I have never heard of before.
Namecoin usually increases with PeerCoin (if you already heard about that coin) and be a hidden gem a few years ago because the price can increase so high at that time.
But later on, I think the project does not promote too often and it seems they are lacking in the promoting section.
It is sad to see that coin is out from the top 100 but the market will eliminate the coin if they can not compete with the other coins that can grow in the future.

If the volume is getting smaller day by day, then the life of the coin will not be long and will even die at an unexpected time because the coin that is always alive is always not far from the large volume because it indicates the number of enthusiasts for the coin, but otherwise then his life will not be long anymore

Namecoin is almost as good as dead. It is sad that the oldest altcoin, used to be the only alternative coin to Bitcoin, is already losing its luster. What used to be worth 0.011 BTC is now already worth 0.000034 BTC. What used to be the number 2 in rank is now falling down to lower than 700th.

But I think Namecoin is not totally an abandoned project. It is at its situation right now because the development seems to have reached no one in the market. But it is still alive, although barely breathing.

I recently heard about the NMC coin and when I looked it up on CMC I was surprised that the coin has been released since 2014 and was priced at $11 at launch, but for now it looks like the project development team is no longer focused on development and it looks like the NMC coin is going to die slowly if not updated immediately.

I can well understand your thoughts, but why you thought about this coin in particular over other cryptocurrencies with active community and Dev team behind?
I guess you are the only who thought about this, especially that the project is almost dead by the luck of development. I even doubt how you came across this project at the time which we already have thousands and thousands of other cryptocurrencies. Did you see anything special in it to be used in the Metaverse world?

Dead. Don't bother. It is a bad memory from the past. This and PPC (Peercoin) used to be big on btc-e. Just like LTC they are bitcoin copy/pastas. Somehow LTC managed to preserve its status and is still relevant today but these 2 just have gone into obscurity.

No big exchange lists nmc anymore. Without the support of the major exchanges, no matter how good the project is, that coin will die.