Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS
ENS price gained 90%+ after the protocol surpassed 1 million registered domain names in April. A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading.Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for Dapp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes.Data from Cointelegraph Markets Pro....
Related News
ENS domain registrations went from 11,042 to 29,727, as the domain “000.eth” was bought for 300 ETH. Ethereum domains showed an increase in demand as Ethereum Name Service (ENS) registration totaled 126,141 registrations in just one week. The ENS Dashboard, a data tracker created by developer Nick Johnson, showed that registrations went from 11,042 to 29,727, showing an increase of over 200% over the weekend. This happened amid the second-largest .eth domain sale when “000.eth” was bought on Sunday at 300 Ether (ETH), which is worth around $320,000 at the time of sale. Because of the....
As more people hop on the Bitcoin/Cryptocurrency scene, many would also like to make a cryptocurrency related website, such as news, gambling, commerce, etc. The more people buy domains the more interest is fueled back into cryptocurrency and the cycle repeats. A good indicator of this is when Ryan (requested last name omitted) , the founder over at SatoshiNames, reported they recently sold a domain for over $1000 profit, not revenue. 1. Why do you think there will be a increase for cryptocurrency related domains? There has been a surge in demand for domains as the sector has become more....
In contrast to traditional domains stored on behalf of users by custodians like Google Domains, .crypto domains are stored in crypto wallets. Major privacy-focused browser Brave is the latest browser to integrate support of decentralized domains by blockchain domain name provider Unstoppable Domains.Brave announced Thursday that its browser now provides native support for the crypto domain name company, allowing users to seamlessly access .crypto domains via desktop and Android applications.The new feature unlocks access to 30,000 decentralized websites and more than 700,000 blockchain....
The latest metrics on new registrations and renewals of existing domains on ENS show that interest in the digital identity service has shattered previous records. The Ethereum Name Service is having its best month on record for new registrations, account renewals, and revenue thanks to community awareness and low gas fees.Lead developer at Ethereum Name Service (ENS) Nick Johnson tweeted on May 23 the metrics for the Web3 domain service through May so far. He noted numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May....
Ivan Soto-Wright, the co-founder and CEO of MoonPay said the partnership enhances the tail-end of a user's journey by replacing complex characters with NFT domains. Unstoppable Domains has partnered with crypto payment firm MoonPay to incorporate nonfungible token (NFT) domains in transactions within the platform. With the collaboration, MoonPay users can send and receive digital assets using their domain names, eliminating the need to enter long and complicated wallet addresses. In an announcement sent to Cointelegraph, Ivan Soto-Wright, the co-founder and CEO of MoonPay, said that the....