According to the results of a poll conducted on Twitter by Vitalik Buterin, one of the co-founders of Ethereum, around fifty percent of the crypto community believes that the appropriate price for a five-letter.eth domain name for one hundred years is less than one hundred dollars.
Vitalik Buterin, one of the co-founders of Ethereum, posed this question to the Ethereum community in the form of a Twitter thread: “What price do you think is reasonable for registering and holding control of a five-letter .eth domain for 100 years?” Buterin provided four alternatives for the price range: under $100, $100–999, $1000–9999, and more than $10,000.
In recent days, Vitalik Buterin has proposed that the highest bidder pay an annual cost of 3% for ENS domain name registration.
Buterin suggests that owners of ENS domain names should keep ownership by making an annual payment equal to 3% of the highest bid placed on their address. An investor who has a domain that has received a top offer of $500,000 should be required to pay an annual taxes of $15,000.
According to DappRadar, ENS is presently ranked first among the top non-fungible token collections due to the fact that its trading volume over the previous twenty-four hours was $2.44 million.
Additionally, the cryptocurrency data site disclosed that the number of traders had surged by 45% over the course of the previous day, while the number of sales had jumped by 67%. Even more impressively, ENS managed to outperform the popular Bored Ape Yacht Club, whose valuation had recently reached a new all-time high.
Furthermore, ENS won the seven-day volume charts for NFT collections on OpenSea, the biggest NFT marketplace, again coming in slightly ahead of BAYC. This achievement was ENS’s second consecutive victory in this category.
