I have been reading a few articles on this Ethereum Name Service (ENS) and trying to get a handle on exactly what is being offered. An article on CoinDesk a couple days ago shows that some serious money is being invested for names that will end in .eth.
Exchange.eth went for $609,000. The article points out that these prices are actually deposits and you can get the money back in a year if you give up the name. Apparently right now there are no names available that are less than 7 characters.
After a shaky start this spring, a project called the Ethereum Name Service (ENS) appears to be attracting serious capital.
Thousands of people are vying for a new set of ethereum names being auctioned off by the leaderless domain service, with some putting in bids for upwards of $1m.
Even though bid amounts are more like deposits (which you can get back after a year, if you chose to relinquish the name), what still comes as a surprise is how much people are willing to put toward more popular names.
So far,was claimed for 6660 ETH ($609,000), went for 300 ETH ($27,000), and was auctioned for 101 ETH ($9,000).
As the ENS team moves forward, the plan is to focus on getting more wallets to integrate and support the software. Johnson said he also wants to expand the capabilities of ENS and add more standardized components.
“One of the things we would like to do is add proper support for DNS records. We could then use one of the alternate DNS hierarchies to offer .eth as a top level domain,” he said. “You could actually host your website with a .eth domain, though not on the global internet for now, because we have to talk to ICANN about all of that.”