You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

GoDaddy and ENS Partner to Offer Free Linking of .eth Domains to Traditional Web2 Domains

ENS, the Ethereum network’s domain name protocol, recently revealed a collaboration with GoDaddy, the leading internet domain registry. This partnership enables users to effortlessly connect their internet domains to ENS addresses, all without incurring any additional charges.

On February 5th, it was officially announced that GoDaddy domain name owners can now conveniently associate their addresses with Ethereum Name Service (ENS) names, and this process does not demand any technical skills or involve any extra fees.

Enabling Free Integration of Internet Domains with Blockchain Addresses

ENS, the decentralized domain name system for .eth domains, is simplifying the complex realm of Web3 by offering user-friendly names for wallet addresses. Through their collaboration with GoDaddy, Web3 users can effortlessly link their .eth domains to traditional URLs, eliminating the previously intimidating gas fees.

Nick Johnson, the founder of ENS, highlighted the practical implications of this partnership, using Beyonce’s domain as an example: “Now, Beyonce.xyz serves as her wallet identifier for all practical purposes.” This initiative seeks to streamline the process of connecting internet domains with blockchain addresses, making the Web3 space more accessible and user-friendly.

Despite a slowdown in mainstream Web3 adoption during the bear market, the ENS-GoDaddy partnership demonstrates a commitment to bridging the gap between blockchain and traditional internet infrastructure. The ultimate goal is to expand this integration beyond Ethereum, allowing users to set addresses for various blockchain networks.

Paul Nicks, the president of domains at GoDaddy, underscored the partnership as the “convergence of domain names and blockchain technologies,” representing a significant advancement for both the Web2 and Web3 ecosystems.

This partnership addresses the issue of high gas fees, which previously hindered users from migrating their domain names to ENS. ENS has introduced new smart contracts for the resolution process, making the transition cost-free and giving domain holders more control over their decentralized identities.

The positive impact of this collaboration is evident in the market, as the price of the Ethereum Name Service’s (ENS) token has seen a 6% increase over the past 24 hours, according to CoinGecko.

ENS domains experienced significant growth during the 2022 bear market, reaching an all-time high of 437,365 registrations in September 2022. Although the frenzy subsided later in 2022, ENS remains a major player, with over 2 million currently registered domains.

ENS and Unstoppable Domains Clash Over Patent Dispute

In July 2023, GoDaddy’s Web3 competitor, Unstoppable Domains, introduced enhanced payment methods and functionality for users to purchase .eth names, streamlining ENS domain management. .eth domains obtained from Unstoppable Domains now operate similarly to those registered directly through ENS, promoting interoperability between the two platforms.

This collaboration is noteworthy, given the ongoing legal dispute between ENS and GoDaddy concerning the sale of an ENS domain, “eth.link.” The dispute arose in November 2023 when ENS developers contested a patent filed by Unstoppable Domains, which claimed to have invented a technology utilizing blockchain for domain determination.

ENS developer Nick Johnson countered these claims, asserting that the patent relied entirely on innovations developed by ENS and did not bring any novel contributions. He clarified ENS’s role in mapping human-readable names to machine-readable identifiers on the Ethereum blockchain.

In response to the dispute, Unstoppable Domains CEO Matthew Gould denied accusations of intellectual property theft and explained that their patent applications were aimed at protecting their ability to operate and defending against potential challenges from large Web2 domain registries.

In summary, in November 2023, a dispute arose between ENS and Unstoppable Domains over a patent claim. ENS developer Nick Johnson refuted the claim, stating that the patent was based on innovations developed by ENS. Meanwhile, Unstoppable Domains CEO Matthew Gould clarified their patent filings as a strategic move to protect against potential actions by large Web2 domain registries.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

Telegram to Launch Advertising Platform Using TON Blockchain
29.02.2024By
3 Crypto Experts Predict This New Coin Might 50x In March
29.02.2024By
Expert Take: Rising DeFi TVL is Silencing the Doubters
29.02.2024By

Latest news

Telegram to Launch Advertising Platform Using TON Blockchain
29.02.2024
3 Crypto Experts Predict This New Coin Might 50x In March
29.02.2024
Expert Take: Rising DeFi TVL is Silencing the Doubters
29.02.2024
Aura CEO: Luxury Industry on Verge of Embracing Crypto with On-Chain Digital Passports
29.02.2024
Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand
29.02.2024
Spot Bitcoin ETFs See $7.7 Billion in Daily Trading Volume as BTC Price Races Towards ATH
29.02.2024
Morgan Stanley Considering Spot Bitcoin ETFs for Brokerage Platform: Report
29.02.2024
St. Regis Aspen Resorts to Tokenize Equity Using Tezos Blockchain
28.02.2024
Jamaica is ‘Determined’ to Bring CBDC to Address Cash Problems: BOJ Governor
28.02.2024
Ethereum’s TVL Breaches $50 Billion as DeFi Activity Ramps Up
28.02.2024