The .eth domain name becomes a new craze, the price is as expensive as a high-class apartment in Hanoi
Recently, an .eth domain name was sold for a record price when it was as expensive as a luxury apartment in Hanoi. Specifically, the domain name 555.eth was successfully auctioned on the OpenSea exchange for 55.5 ETH – equivalent to more than 160,000 USD – becoming one of the most expensive .eth domains ever.
If regular websites need a domain name to make it easier for users to access, the same thing is happening in the blockchain world with the Ethereum South Serial (ENS) service, which is used to provide the .eth domain name that helps. address mapping of Ethereum accounts.
Usually the address of Ethereum accounts or Ethereum wallets is a long multiplier string that starts with the character “0x”. They are very complex and difficult to remember. With the ENS service, we can change any address to a more memorable one, for example “barmstrong.eth” by Coinbase CEO Brian Armstrong or vitalik.eth by Ethereum founder Vitalik Buterin. In particular, because it is built on the Ethereum platform, this system can be distributed and scaled on this blockchain network.
A Chinese collector claims to have bought this expensive domain name for fun amid the craze to buy 3-digit ENS domains. While the NFT trend is showing signs of receding, the 3-digit ENS domain name craze is taking the throne with a series of investors jumping into this new field.
Currently NFT collectors holding 4-digit ENS domains are becoming part of the “10k Club” – a club of holders of ENS domains from 0 to 9999. This trend caused the secondary trading volume for ENS domains to spike last week. On April 28 alone, trading volume reached a record high of $2.8 million.
The number of new domain name registrations also spiked this April. According to Dune, there were more than 139,000 new addresses registered in April, a significant increase from 66,900 new addresses registered in January of this year.
at Blogtuan.info – Source: genk.vn – Read the original article here
