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    QONEQT in Ethereum

    11-Oct-2022 08:55 AM


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    An Introduction to Ethereum Name Service (ENS)

    There were 437,000 new ENS domain registrations in September 2022, generating over $5.5 million in revenue.

    On the secondary NFT marketplace OpenSea, which accounts for 97% of all ENS sales, three and four-character ENS names find buyers at very high prices, like 555.eth, which was sold for $150,000 recently.

    If you own a DNS domain name, you can also use it with ENS.
    Here, the owner can be a user with a crypto address or another smart contract that the Registry grants the right to issue subdomains.

    It is the part that is responsible for converting machine-readable addresses to names.

    ENS is the DAO’s governance token launched in November 2021.
    Source: NFTNewsToday.com
    #Ethereum