Airdrop crypto11/7/2022 ![]() Starting in June, monthly name registration spiked, with Ethereum Name Service logging 20,000 registrations per month since then, according to a Dune Analytics dashboard by Makoto Inoue, a developer who works for the project. To apply for this type of airdrop, all you need to do is to hold the air-drop-related crypto at a specific time (which is called a ‘snapshot’) and you will be dropped the new free coins. Unlike GoDaddy, the Web3-native project is itself a naming protocol. In most cases, airdrop projects are built on one of the bigger blockchains like Ethereum (more than 90 of all airdrops are built on Ethereum), and the rest are mostly on Stellar, NEXT or NEO. Like GoDaddy, Ethereum Name Service makes money when people register and renew domain names. ![]() “It’s a good coin,” as State told The Defiant in a DM. “Seems like ENS could become basis for web3 identity and portable profile that u can plug into metaverse/games so it succeeds and everyone wants one = more revenue?,” State tweeted. State, as they go by on Twitter and who works on governance at Aave, is a major proponent of the project. While it looks like Ethereum Name Service came out of nowhere it actually started back in 2016 as a side project of lead developer Nick Johnson. That’s equal to about 10% of the value of GoDaddy, the 24-year-old internet domain registrar and web hosting company.Īirdropped ENS became claimable on Nov. ![]() ![]() ENS, the governance token of Ethereum Name Service, hit a market capitalization of $1.15B in early morning trading EST. ![]()
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