bitcoin.sats @satsnames
bitcoin.btc @btcname_DID
Few people who weren't around in 2022 know the ENS lore.
There was a time when everyone was crazy about ENS domains.
3-digit domains (called the "999 Club") sold for 20 ETH+.
4-digit domains ("10k Club") were selling for 2 ETH+.
Then it got crazy, people were buying 5-digit domains for hundreds of dollars.
They invented different kinds of numbers, added letters to them and traded emoji domains.
Bull case being that everyone would want one of these for their onchain identity.
That was the peak and a few months later it was over.
A bubble within a bubble.
The problem then was that many short ENS are expensive to renew, so many simply let their once-expensive domains expire.
Still, the concept behind ENS (you can basically set a domain to your wallet addy, so instead of sending funds to 0xd8F... you can send to wale.eth) is still very relevant imo.
Not sure if digits will ever make a comeback tho
3.28K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.