Ethereum Identify Service (ENS) or ENS domains have been making headlines lately. Now, the ENS area Amazon.eth is within the information after somebody positioned a bid of $1 million! If the proprietor accepts the provide, it is going to be one other report sale for ENS domains. Let’s take a more in-depth take a look at what occurred with Amazon.eth.
What occurred with the ENS Area Amazon.eth?
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Lately, an nameless purchaser positioned a bid of $1 million for the ENS Area Amazon.eth. This astounding bid comes shut on the heals of domains corresponding to Samsung.eth and Starbucks.eth promoting for 60 ETH (about $90,0000). Already, the bidder’s pockets features a vary of ENS domains, together with xxx.eth and bagner.eth.
On the time of writing, the area’s present proprietor had not accepted the provide. Notably, they purchased the area about 5 months in the past for 33 ETH (about $102,000). This implies, if the deal goes by, the current proprietor will internet a 1,000% revenue.
Apparently, the nameless purchaser positioned the bid with USDC. To make sure, most ENS domains are bought in ETH.
ENS Area gross sales are hovering
Lately, there was a rising curiosity in ENS Domains, regardless of the bear market. Some attribute it to their inherent utility, which makes crypto transactions easier. Their worth is barely more likely to go increased sooner or later.
Actually, early this month, somebody paid 300 ETH or round $320,000 (on the time) for “000.eth”. Presently, that is the second-highest bought .eth area identify, the primary being paradigm.eth. Paradigm.eth fetched round $1.5 million in October final yr.
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The journalist is a writer and digital nomad. Loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.