news Crypto Domain Name Sales Are Spiking!



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Crypto Domain Name Sales Are Spiking!

A crypto land grab is on the way, but this time it’s not a cute JPEG of an expensive monkey, a Shiba Inu-themed meme coin, or a virtual estate in the Metaverse. In a way, this boom in speculation is what Internet entrepreneurs have been doing for decades: buying domain names to make money.

This type of domain name ends in .eth instead of .com or .org. Managed by the Ethereum Name Service (ENS), the .eth domains serve as public profiles showcasing individual transactions and holdings on the Ethereum blockchain. If you’ve used Twitter, you’ve seen them in user profiles focused on cryptocurrencies.

ENS domain name sales are surging

The number of ENS subscribers has been growing since its launch in 2017, and will grow exponentially in 2022. In July, ENS reported record numbers. 378,804 .eth domain names were registered, 25,000 names were renewed, and net profit was approximately $3.9 million.

Read more: https://www.startupnames.com/2022/08/crypto-domain-sales-are-spiking/
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