OpenSea Weekly Chart Records Ethereum Domains Getting More Hype
With the increased adoption and attention to non-fungible tokens, several platforms like OpenSea emerged as trading hubs. As a result, people needed suitable grounds to interact and transact with the numerous NFTs available in the space. Hence, some platforms have been trying to bridge the gap and serve potential investors of collectibles. OpenSea is an NFT marketplace where many investors buy, sell and trade majorly NFT collections. The platform is a decentralized marketplace built on the Ethereum blockchain. Since its launch in 2017, OpenSea has meteorically risen as one of the largest....
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Ahead of the upcoming Merge, ENS domains have reached the top of OpenSea’s seven-day chart in trading volume. Ethereum Name Service (ENS) domain names have surpassed Bored Ape Yacht Club (BAYC) as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge. According to OpenSea data, the weekly volume of the Ethereum domain NFTs eclipsed 2,249 ETH at the time of writing, beating out RTFKT Clone X (1,992 ETH) and Bored Ape Yacht Club (1,777 ETH).ENS domains are a distributed, open and expandable naming system on the Ethereum blockchain....
Ethereum users rushing to purchase scarce three- and four-digit names have been driving NFT market sales activity. Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out in one day, the number of people registering for ENS names and purchasing these digit number names on secondary markets has significantly affected the market's trading volume.According to a Dune Analytics dashboard for ENS, the spike....
Ethereum has retraced to levels not seen since the beginning of 2021. The cryptocurrency records a 50% correction in the weekly chart and has fallen from an all-time high at around $4,000. At the time of writing, ETH trades at 1,927 with 22.9% losses in the weekly chart. The crash in ETH’s price was preceded […]
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....
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....