It's a good decision!
ENS names and records are a form of state that is central to the Ethereum ecosystem, the state is limited in size and there is high value in it being as accessible as possible from anywhere.
It's also a semi-financial application, in the sense that buying and holding ENS names has a cost, and ENS names can become very valuable objects.
With the expanded scaling roadmap, Ethereum L1 is the ideal place for these applications.
More generally, I expect that the optimal architecture for decentralized identity and social (the general space I see ENS being in) is to have this kind of per-user account and profile data on L1, and to have special-purpose L2s, likely much simpler than full EVMs, to handle user actions (eg. actions on social platforms).
Okay, you got us, we released the marketplace on https://t.co/S5faaoJxJc last night WITH 0% FEES !!!!
Please be patient as we remove some minor bugs and start adding features, thank you 🙏
excited about Ethereum? wait until you find out about its Name Service:
- Used by Google, GoDaddy, Venmo, & more
- Proven Biz Model: real revenue & *profitable*
- Proven DAO governance w/ yrs of track record
- Wide adoption in crypto industry
.ETH is the new .COM
@GoldTuxedoMan@address_eth No fee if the name sells to attract the good names and therefore eyeballs. The platform will make enough from the deluded + ads.
The best network I've found in crypto after 8.5 years of being here is the 999 club (3 digit ens)
The $640/y ens renewal scares away low vibration participants and attracts long time horizon investors with IRL business acumen
$1M asset by 2030...but probably much sooner