Ethereum name service launches .ETH domains auction, and domains like usfederalgovernment.eth are priced at $1.8M

The Ethereum name service has a pretty logical idea. Rather than sending and receiving money at long meaningless addresses like this:

they are promoting the .ETH domain extension. It’s a lot like the move from IP addresses to domain names. Just like domain names helped with adoption of the world wide web, they could now help with the adoption of more consumer use of the Ethereum blockchain.

Here’s the details:

Over the weekend, the Ethereum Name Service launched an auction for short .eth domain names on the OpenSea decentralized marketplace. All three to six-character-long domain names that were not among the 194 approved during the reservation period that closed in mid-August are now up for grabs, and can be bid upon using ETH cryptocurrency. 

The idea, if it catches on, is to help facilitate greater consumer adoption by enabling the use of easily recognizable names—such as “satoshi.eth” (currently going for 1,500 ETH at auction)—to receive tokens and perform transactions on the Ethereum blockchain.

(Source – Decrypt.co)

Of course, there’s really nothing stopping anyone from using any domain name in any extension from doing the same thing but .ETH certainly seems like the most logical choice. At the same time, the prices for these domains seem pretty steep – okay in some cases they’re absolutely ridiculous, like usfederalgovernment.eth which is priced at over $1.8M, or antifascistaction.eth…also priced over $1.8M.

While I’m guessing some of these names will sell, I think a lot of them are wildly overpriced. All that being said, I can see .ETH taking off, it does make sense – if I’m going to send money to someone having a word or even a string of easy to remember numbers is a heck of a lot easier than a crazy long string of letters and numbers.

What do you think? I want to hear from you, comment and let your voice be heard!

{ 9 comments… add one }

  • SF Window Tint September 4, 2019, 12:28 am

    Wow thanks for sharing! We would accept payments from customers with this, where’s the best place to buy this extension?

    Reply
  • Snoopy September 4, 2019, 2:59 am

    Whole thing is a scam, not even real domains and they are looking for clueless buyers here.

    Reply
    • Ethan September 4, 2019, 3:35 am

      I really suggest that you be respectful and think twice before attacking things you don’t like, otherwise you might find yourself being jailed one day.

      Crypto domains can be used for websites. Although a browser extension is needed initially, the developers of the domains are working to integrate browsers natively.

      Reply
      • Snoopy September 4, 2019, 4:16 pm

        “Although a browser extension is needed initially, the developers of the domains are working to integrate browsers natively.”

        Exactly the same as new.net from years ago, they aren’t real domains.

        Reply
  • Leonard Britt September 4, 2019, 4:46 am

    Note .ZIL will allow one to assign cryptocurrency addresses to much shorter and easier to remember domain names. Visit UnstoppableDomains.com for more info.

    Reply
    • Dershowitz September 4, 2019, 3:27 pm

      UnstoppableDomains .com has crypto.zil for $10,000 buy now so what if someone registers cryptozil .com ? that’s the question. the person is going to hear crypto zil and go to the .com

      Reply
  • page howe September 4, 2019, 5:21 am

    im not sure i can go with this if an independent take

    ” but .ETH certainly seems like the most logical choice”. hmm out of all the possible logical choices

    maybe “a” logical choice, but isn’t this one of the many naming systems that says if we become ubiquitous than everyone will want one, and if everyone wants one we will become the industry standard?

    i think they are going to have to learn every alt root lesson all over again, trademark, registry failure, who-is, consumer protection.. or do we just through it all out and sell some names..

    is this the one sedo was selling for awhile, where early adopters didnt even pay for their names, just deposited ETH? So somewhere theres millions of dollars in ETH tied to names?

    so if they become the standard, then rare and scarce and short names will become desirable as long as they keep their position. Verisign had a government monopoly thru a global non profit they funded to keep themselves the industry standard…seems like in the decentralized world of crypto everyone still wants to be the disruptor, take the mantle of the industry standard, to reap the benefits of a an old school monopoly, not realizing they just build a case for themselves to be disrupted.. and in a case where our product has no costs, its a race to zero..

    good luck all, like anything theres some money to be made… and LOST.

    Reply
    • Dershowitz September 4, 2019, 9:31 am

      i have a question about the .zil extension, what happens when someone registers CryptocurrencyZil.com instead of Cryptocurrency.Zil unstoppable domains are then stopped aren’t they?

      Reply
  • gatas Privê September 16, 2019, 8:23 pm

    Você escreve bastante muito e espero que prossiga por
    bastante tempo porque conheci seu website atualmente mesmo.
    Até mas.

    Reply
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