cryptonews.com
Amid lingering sour market conditions, Ethereum Name Service ($ENS) domain 000.eth has sold for $ETH 300 (345,260).
The sale is the second-largest $ENS domain sale both in terms of $ETH and USD value.
The domain was sold by the OpenSea marketplace user EtheOS to another user named B34D84 on July 3, on-chain data shows. The owner had received the $ENS name in mid-2020 from another address.
The $ENS domain was first listed in September 2021 for $ETH 100 (worth around USD 300,000 at the time), but was relisted earlier this year for $ETH 500 (USD 1.6m), and again in March for $ETH 300, where the offer sat for three months before being accepted.
Ethereum Name Service ($ENS) domains are the Web 3 equivalent to the Domain Name System (DNS), Web 2's way of mapping alphabetic names to numeric Internet Protocol (IP) addresses. $ENS domains enable users to translate their hard-to-understand crypto wallet addresses to human-memorable text.
$ENS domains currently end with .eth and are priced based on the number of their characters. As of now, three-character $ENS domains cost USD 640 per year, four-character names cost USD 160 per year, and five-character names or longer cost USD 5 per year.
Paradigm.eth currently sets the record for the largest sale of an $ENS domain, which sold for $ETH 420 in October last year. While it was initially speculated that crypto investment firm Paradigm might have been behind the sale, the company denied those claims.
____
Learn more:
- Ethereum Name Service Token, $ENS, Soars on First Day of Trading
- Ethereum Name Service to Pass Governance Over to Community, Details $ENS Airdrop
- $ENS Integration Lets Users Receive $ETH to .com Addresses
- Ethereum Name Service - What’s Human Readable Domain Name Good For?
- $ENS Integration Lets Users Receive $ETH to .com Addresses
- NFT Giant OpenSea Shares 5 Safety Recommendations as Users' Emails Leaked