Blockchain solution provider Block.One paid $30 million for Voice.com.
Ethereum’s domain registration service is gearing up for major changes, including faster registration, tradeable domains and an annual fee.
Users of the Ethereum Name Service (ENS) can now claim .xyz domains to connect to their wallets, smart contracts or other services, ENS developer Nick Johnson announced Wednesday.
Johnson wrote in a blog post that the new domain name option comes after some testing and development, and is “now supported by ENS on mainnet.” Users who are interested can purchase the domain through any Domain Name Service registrar and use it like any .eth domain, meaning users can associate it with their wallets, name smart contracts, create subdomains and more.
While EasyDNS – one such DNS registrar – has created a simplified wizard for adding the domain, users can also manually add .xyz, he wrote.
“We’re rolling out our ENS support initially on .xyz to give it a test-drive, but the best thing about this is that it doesn’t require any cooperation or permission from each DNS [top-level domain]. Once we’ve had a chance to see how it works, we plan to roll it out to all other DNS TLDs that support the necessary features — which is almost all of them.”
ENS allows ethereum users to put “human readable names” in place of long wallet or service addresses, making it easier for individuals to transfer funds, use smart contracts or otherwise develop projects, as previously reported by CoinDesk.
The new .xyz domain is the second top-level domain that ENS supports, following .eth earlier this year. TLDs are the highest set of domains on the internet, and are required when visiting any website on the internet or decentralized web.
Ethereum image via Shutterstock
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Fancy owning the domain name Ethereum.com? Better start counting the pennies.
Commenting on the news, domain investor Ammar Kubba told the news source that cryptocurrency is the “biggest trend” in the domain industry, and that related domains have grown in value “much much faster than other names.”
Kubba added that, just a few months ago, he paid $800 for the InsideCoins.com domain, and that it had already tripled in value.
Ron Jackson, editor and publisher of Domain Name Journal, told Bloomberg that the recent “unfettered euphoria” around cryptocurrencies like bitcoin, is similar to the period just before the dot-com crash that occurred around 2001.
The $10 million asking price for Ethereum.com, if it is achieved, will put other domain sales this year in the shade.
Last month, a domain name investor, Sharjil Saleem, closed a $2 million sale of ETH.com, according to Domain Name Journal. According to the site, that figure makes it the second most valuable domain sale so far in 2017, putting it just below Fly.com, which sold for $2.89 million in May.
Back in 2014, the domain name BitcoinWallet.com was sold to an Austin-based entrepreneur, Alex Charfen, for $250,000.
For sale sign image via Shutterstock
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