/

ENS Four Digit Domains Send the NFT World into a Frenzy

Sat, 30 Apr 2022 12:01:30 +0000

ENS Ethereum Naming Service eth Numbers

Move over Bored Apes, take a back seat weird pixelated owls, an altogether different kind of collectible has taken the ETH world by storm. These days, it’s all about Ethereum Naming Service (ENS) and its exclusive range of numbered domain names.

As if just realizing that three and four-digit numbers have a limited supply, the NFT world has gone wild for ENS’ flagship product. Personal utility laden .eth domain names that reside entirely on the blockchain.

It’s uncertain what kicked off this latest buying frenzy, as ENS has peddled its wares since 2017. However, the cacophony of activity has sent folks bending over backwards to get their hands on the hottest numbers in town. As a result, classic numerals such as 007.eth, 555.eth and probably 6969.eth have all garnered significant amounts of attention.

This NFT meltdown has sent ENS rocketing up the rankings, registering over $1 million in activity in just a single day, with the new technology emerging, it seems folks are willing to gamble on the future of these domains, comparing the current hysteria with the original internet boom.

For example, just imagine how drastically life changed for those who registered the likes of maxpower.com, or iamchucknorris.com back in 1996. Consequently, ENS has seen a 129% increase domain registration, but only a measly 7% in active names.

To congratulate themselves on their acquisitions, a cabal of owners has set up the 10k club for holders of the coveted NFTs, presumably glossing over the fact that there are surely 11k of them.

Check out ENS >> Here

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post ENS Four Digit Domains Send the NFT World into a Frenzy appeared first on NFT Plazas.

Thetoken Sniper

To list cryptocurrency projects first apply through our contact page. After applying the project, we will review and accept your project. When accepted it will be visible on the new listing page instantly but not on the top of the page. To be top of the page, you need to follow our ranking process. Our ranking process is simple. The highest votes will hold the top position on the websites and get attention from all the visitors. A higher vote means higher popularity. As votes matter, get your community to vote on your project. You can vote for your coins and events every 24 hours. The voting process is pretty simple. Just click the button named “Vote” on the right side of your coin. You can promote your coins and events here also. To do this you have to contact us using our contact form.

Home Contact Events Twitter Term and privacy
Copyright Reserves © 2022. All Rights Reserved.