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ENS domain name “000.eth” sold Monday for 300 ETH (approximately $320,000 at the time of writing). The new owner of “000.eth” also holds blue-chip NFTs a Bored Ape #3553 and Fidenza #299. Furthermore, the wallet features two other ENS domains.
This is the second-highest sale of an ENS domain in history. The first spot goes to “paradigm.eth”, which was sold for 420 ETH in October 2021.
ENS stands for Ethereum Name Service, an open-source decentralized internet naming protocol. A domain name can be used as a cryptocurrency address, a Web3 username, and an address for decentralized websites.
The Ethereum Name Service was first released in May 2017. In the last year, ENS exploded in popularity and usage, going from 242,000 names to 1.4 million. Individuals can create domains on the official website or purchase them from the secondary market. The current floor price of a domain name on Opensea is 0.007 ETH ($8). 41.5K of total volume was traded.
In May this year, 3- 4- and 5-digit domain names gained popularity. At the moment of writing, the floor price of a 3-digit domain is 35.873 ETH.
The trend was followed by Arabic and Chinese numbers, which are also sold out.
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