• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Ethereum

What’s In A Name? Ethereum Domain Name Sales Climb 2,300%

Christian Encila by Christian Encila
9 months ago
in Crypto, Ethereum
Reading Time: 3 mins read
Advertisement

Ethereum domain name sales have shot up to a colossal 2,300% with many big names like Vitalik Buterin (vitalik.eth), Paris Hilton (parishilton.eth), and the like rushing into the hype of buying the 3-digit domain identities.

The exclusivity and simplicity that Ethereum Name Service (ENS) domain names have is what makes it irresistible and enticing to many users.

Suggested Reading | SEC, Ripple Agree To Extend Legal Battle Until 2023; XRP Bears The Brunt Of Case

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

What is ENS?

The Ethereum Name Services (ENS) shortens long-winding and cumbersome crypto addresses into short and sweet URLs. ENS is under the Decentralized Autonomous Organization (DAO) established in 2017 which has no centralized government.

Nothing beats simplicity. And it’s the main selling point of Ethereum domain names.  ENS domains are three- to four-digit names that would end in “.eth”. It’s easier to read and remember than having to memorize or keep a tab of long and ambiguous strings of words.

Each domain name is a minted NFT that is sold just like any other regular NFTs.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

ENS – Universal URL

ENS names are said to be the game-changers in creating decentralized, simple, and universal key or URL logins that is a great alternative to using traditional Ethereum wallets.

Many celebrities, entrepreneurs, and public figures are proudly using their ENS names as Twitter handles.

The minimum number for ENS names is three and it’s the coveted number for many users. It’s important to note that only ENS names can be registered to an ETH wallet.

Crypto total market cap at $1.68 trillion on the daily chart | Source: TradingView.com

Tuesday saw the massive uptick or surge in terms of sales at around $1.3 million in just 24 hours.

ENS started with around $700,000 in sales from April 14 to April 21 and followed by a surge on April 22 to 27 at $3 million.

There was an astounding 119% increase in .eth name registrations.

Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum

The Elite Ethereum 10K Club

Numeric ENS names have also been popular. Some buyers purchase ENS names after the amount they bought it for like 999.eth if they bought it for 99.9 ETH. Three-digit ENS names would usually be set for 6 ETH or equivalent to roughly around $17,000.

Similarly, if your CryptoPunk is number 3200 then you would be drawn to 3200.eth. Most NFR collections are numeric which is why ETH names in numbers are so hyped nowadays.

The top-grossing NFT collections that are numbered include Moonbirds, Bored Apes, Clone X, and Azuki.

A lot of NFT collectors are speculating as early as now on ENS subdomains. ENS names have a fixed or limited supply of only 10,000 domains which is why many people are trying to grab their own ENS while they still can to be a part of the elite and exclusive 10k Club.

Featured image from Coin News, chart from TradingView.com
Tags: DAOENSethereumEthereum Domain Name
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Freelance writing is Christian's other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

Ethereum

Ethereum Burning Reaches New High, Is ETH Warming Up For Another Rally?

4 days ago
Ethereum Bear

Ethereum Bearish Signal: Profit-Taking Hits Highest Level Since Feb 2021

4 days ago
Twitter APIs

Twitter Scraps Free API Access, Crypto Developers Must Pay

5 days ago
Ethereum

Total Ethereum (ETH) Staked On Lido Finance Reaches New Milestone

6 days ago
Grayscale Bitcoin Trust

Here’s What Might Have Triggered Ethereum’s Decline Below $1,600

2 weeks ago
Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade

Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade

2 weeks ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

OptionBlitz Leverages Ethereum Layer 2 Protocol Arbitrum to Pioneer Zero-Day Options & Social Trading Platform

February 7, 2023

Undercity Is Creating the World’s First Real-World Gaming Village: How to Buy UND Tokens and Get Involved

February 7, 2023

Aptos (APT) Could Be the Next Crypto to Explode in 2023, But Some Experts Think It Could Be Orbeon Protocol (ORBN)

February 7, 2023

Is January 2023 A Good Time To Buy Bitcoin?

February 7, 2023

Meta Masters Guild Blows Past $3 Million in Presale as Stage 5 Comes to a Close

February 6, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.