Coinbase partners with ENS to bring free Web3 usernames
Coinbase partners with the Ethereum Name Service (ENS) to offer free-of-charge Web3 usernames. The initiative aims to attract new users and increase Web3 adoption.
Coinbase usernames, “cb.id,” will become the subdomain tied to Coinbase’s Domain Name System (DNS). It’s worth noting that the cb.id is registered under the ENS protocol, and .eth domain holders will be able to build digital identities using existing addresses.
The Ethereum Name Service, also known as ENS, is an open-source, decentralized internet naming protocol. Users and companies can use the ENS address as a Web3 username, an address for a decentralized website, or a cryptocurrency address. Anyone can create ENS on the official website or purchase them from the secondary market on OpenSea.
Even before the partnership with Coinbase, ENS has seen a huge spike in popularity. Collections of three, four, and five-digit numbers are now sold out, as well as Arabic and Chinese number ENS addresses.
In the past months, several collections of the Ethereum Name Service domain names have attracted wealthy ENS collectors. At the beginning of May, three and four-digit domains were in high demand. In July, the ENS domain “000.eth” was sold for 300 ETH (approximately $401,100 at the moment of writing).
In the past weeks, several individuals managed to register negative number ENS domains, such as “-063.eth”. At the moment of writing, the collection is still not officially listed on ENS.Vision. Nevertheless, the tokens’ price keeps going up.
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About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
