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ENS domain name sold for $320,000…Details here

ENS domain name sold for $320,000…Details here

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Answer ENS domain name sold for $320,000…Details here

Yesterday, the Ethereum Name Service (ENS) domain was sold at a high price of 300 ETH ($320,000).

This represents the second highest price for an ENS domain name denominated in Ethereum, according to data provided by the analytics platform NFTGO.

Last October, paradigm.eth was bought for 420 ETH (about $1.5 million at the time).

It should be noted that venture capital firm Paradigm confirmed that it was not behind the purchase.

Ethereum domain name services, which have close ties to the Ethereum Foundation, allow users to purchase domain names on the world’s second largest blockchain.

Each domain name is sold as an NFT.

Read:DeFi project distributes gifts to users in the millions … details here

ENS domain names are intended to replace complex wallet addresses that are unsuitable for mainstream adoption.

Users can simply use a short, easy-to-remember login name instead of 42 hexadecimal characters.

The service gained a lot of popularity due to prominent individuals who added ENS domain names to their personal Twitter accounts.

Among them are the CEO of Shopify, the founder of Reddit and other famous names.

Over the past two weeks, Ethereum domain name registration services have seen an 112% increase in the number of registrations.

Early adopters were rewarded with a generous airdrop in November.

Some users managed to get a six-digit sum.

The price of the ENS cryptocurrency has increased by almost 9% in the past 24 hours.

Read:Bitcoin price is trying to maintain the level of 38 thousand dollars…here’s what could boost prices even more!

The cryptocurrency saw a 72% increase in trading volume during the same time period mentioned above.

Read also:

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Why should you follow the movement of Bitcoin closely this week?


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