Two prominent payment platforms are offering their support for Ethereum Name Service (ENS) domains. In a new thread on the social media platform X, payment giants PayPal and Venmo are now supporting the ENS domain naming service, which allows users to forgo having to use complicated crypto wallet addresses and instead adopt a representative username. […]
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Celer Network, a blockchain and cross-layer platform, said on July 11, 2024 (9:38 am EST), that it thwarted an attempt to take over its domains. The platform claimed it recovered all the Domain Name System (DNS) records. An investigation found the attack vector likely involved third parties beyond Celer Network’s control. Celer Network assured users […]
GoDaddy, a world leader in web hosting and registration, is announcing a partnership with Ethereum Name Service (ENS), a domain naming service built on top of Ethereum (ETH). According to a new press release, users of GoDaddy domains can now link their domains to ENS without any additional costs or technical knowledge. As stated by […]
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Ethereum Name Service has integrated fiat payment options for new decentralized domain registrations in a new partnership with MoonPay.
Web3 users can now register decentralized .eth domains on the Ethereum Name Service (ENS) protocol using a host of fiat payment options, including Apple Pay, and Google Pay, as well as debit and credit cards,
ENS announced the launch of a new fiat on-ramp for domain registrations through Web3 fiat payment gateway MoonPay on April 20. Registrations of .eth domains previously had to be paid for using Ether (ETH) via cryptocurrency wallets, which was cited as a barrier to entry for prospective Web3 users.
MoonPay’s service has been integrated into the ENS website, while the platform also launched version 3 of its user interface to streamline sign-ups. This is aimed at eliminating the need for multiple transaction approvals previously required with cryptocurrency wallets.
A statement from ENS founder Nick Johnson highlighted the service’s focus on making Web3 “human-readable” to simplify the process of obtaining decentralized digital identities. ENS allows users to map human-readable names like “cointelegraph.eth” to machine-readable information like cryptocurrency addresses and URLs:
“This allows us to reach those who are either just entering the space or who are not yet comfortable with transacting and would prefer to use the currency and payment form they understand best.”
The upgrade of ENS’s platform is also touted to expand its usability beyond a primary use-case of creating human-readable names for wallets to replace numerical addresses typically generated by wallet service providers, platforms and blockchain protocols.
ENS users can use names to host censorship-resistant websites, which can be linked to conventional domain name service (DNS) addresses already in use.
Related: State of play: Decentralized domain services reflect on industry progress
MoonPay’s vice president of partnerships, Bree Blazak, highlighted the integration with ENS as a means to create a simple payment experience for new users looking to obtain digital identities or decentralized domains:
“Our partnership with ENS delivers that by making it possible to buy a .eth name with some of the most familiar payment methods available.”
Ethereum Name Service hasseen over 2.3 million names created from more than 550,000 unique addresses. As Cointelegraph previously explored, decentralized domain name registrations have been on the rise over the past two years.
Both ENS and Unstoppable Domains have become leading platforms onboarding new users to the world of Web3 and decentralized identities. The latter also partnered with MoonPay to incorporate nonfungible token domains in transactions on the platform in July 2022.
Magazine: 2023 is a make-or-break year for blockchain gaming: Play-to-own
One of the largest Web3 domain providers in the world is now accepting the popular meme asset Dogecoin (DOGE) as an option for payments. In a new announcement, major Web3 domain provider Unstoppable Domains says that it will now be adding DOGE to its list of digital assets that are now accepted as payment options. […]
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The Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants.
2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.
According to the service, over 80 percent of the total ENS domains created since the project's inception were registered in 2022. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2, with 630,340 owners of ENS domains.
Happy New Year everyone!
— ens.eth (@ensdomains) January 1, 2023
2022 was an incredible year for ENS!
Over 2.2m ENS names were registered in 2022 (that's 80% of ALL names created)
If you're ready for 2023, drop your ENS below ✨
As Cointelegraph previously explored in an exclusive interview with ENS founder Nick Johnson, the service allows users to map human-readable names like “nick.eth” to machine-readable information like cryptocurrency addresses and URLs.
The service has been driven by users adopting ENS names for decentralized profiles that work across decentralized applications and platforms. ENS domains serve as ETH wallet addresses, cryptographic hashes or website URLs and are effectively nonfungible tokens (NFTs).
Related: Ethereum co-founder’s poll shows people want $100 lifetime .eth domains
The growing popularity of the service saw a number of partnerships with major exchange operators like Coinbase come to the fore. The American exchange announced the integration of ENS in September 2022, giving users the ability to replace traditional Coinbase cryptocurrency wallet addresses with language-based usernames.
While default ENS domains end with .eth, Coinbase’s integration of the service allows users to claim “name.cb.id” usernames using Coinbase Wallet’s browser extension. Coinbase's adoption of the ENS service was driven by the utility of ‘human-readable’ names in making Web3 more user friendly.
Data shows that September saw the largest number of ENS registrations created last year, with 437,000 ENS domains registered. The data suggests that the exchange’s ENS integration significantly impacted new sign-ups in 2022. May 2022 was also a bumper month for ENS, as low gas fees on the Ethereum network played a role in a surge of .eth domain registrations.
The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the month. ENS Registrations […]
Ethereum Name Service, or ENS, surpassed a million created names this week, according to statistics from the crypto metrics dashboard Dune Analytics. Data shows that there’s been a significant spike in ENS names registered during the last 30 days, and 24-hour statistics indicate ENS has been a top burner in terms of protocols burning the […]
One Ethereum-based altcoin is putting up huge rallies over the last seven days in defiance of the broader crypto market downturn. ENS, the governance token of ETH domain marketplace Ethereum Name Service, has surged from a seven-day low of 14.24 to a seven-day high of $26.50, marking an 86% eruption in just one week. Ethereum […]
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The creators say that in Web3, your Yat will not only be a universal digital identifier, but it can be used as a URL, wallet address and can be minted on the Ethereum blockchain as a NFT.
Will emojis become the Web3 version of a username? That’s what Nashville-based tech startup Yat believes and with 160,000 sold worth a combined $20 million, it seems plenty of ordinary people agree.
A Yat is a string of between one and five emojis that can be used as your digital username, website URL and as a payment address for your digital wallet. It’s sort of a cross between a nonfungible token (NFT) and domain address — though not all Yats are tokenized.
“Yat lets you use emojis as your universal username and identity on the internet,” the company wrote in its Discord server.
“Imagine being known as fire-snake or robot-ghost-crown instead of coffeequeen98 or jake2456@emailxyz.com. By owning a Yat — let’s say ocean-trident-palm tree — it’s yours forever. You are the ~only~ one on earth who owns these emojis.”
Theoretically, Yat could be a decentralized alternative to the current Domain Name System (DNS), which is administered by the internet regulator ICANN. DNS uses a centralized, hierarchical system to organize and help users find things on the internet.
Yat owners have had the option to tokenize their string of emojis as a NFT on the Ethereum blockchain for an additional cost since July 2021, but purchasing a Yat isn’t actually the same as minting a NFT.
To turn the Yat into an NFT, owners must first use Yat’s “visualizer tool” to create a short animation of the emoji string. The visualization is then tied to the Yat itself and can be minted as an NFT to be held or sold on OpenSea.
@whatsyouryat pic.twitter.com/EPGLYDmYmW
— AshleyDCanᵍᵐⓣ (@AshleyDCan) February 8, 2022
A one- to five-character design can cost anywhere from $4 to hundreds of thousands of dollars to purchase initially, plus additional fees to turn it into a NFT. The shorter and more memorable the combination, the higher the price.
The most expensive Yat was the single character of a golden key, which went for $425,000 at the Yat Destiny auction in mid-2021. At the time of writing, Yat has a trading volume of 410 ETH ($1,258,622 USD) on Opensea.
Yat already has several notable celebrity investors, including Paris Hilton (queen crown-sparkle), Lil Wayne (alien-music note) and Kesha (rainbow-rocket ship-alien).
Related: British tween earns almost $400K on NFT sales without a bank account
However, the project has also faced its fair share of challenges. They include the mundane, such as criticisms that Yat URLs can be difficult to find, because it’s not always easy to type an emoji sequence on a standard QWERTY keyboard.
And on the more dramatic end of the spectrum, Yat co-founder and former CEO Riccardo Spagnia “Fluffypony” was arrested in the U.S. in Aug 2021, where he waited extradition to South Africa for fraud. The fraud charges were unrelated to Yat. Yat was launched in Feb 2021, and has since grown to a team of 55.
