Ethereum Name Service Community Approves eth.link Settlement

Industry Information 28 Feb 2024 12:03:11 PM By:DN platform editor
Abstract:

ENS plans to pay auction bidders $300,000 to settle the dispute. 88 per cent of the vote approved a payment of $300,000 to ManifoldFinance, which won eth.link in the auction. 62 per cent also authorised a settlement for an amount less

ENS plans to pay auction bidders $300,000 to resolve the dispute.

Short numeric .eth domains are hot right now.

Ethereum Name Service Community Approves eth.link Settlement

The results are in, with the Ethernet Name Service (ENS) DAO overwhelmingly authorising ENS Labs to resolve the dispute over eth.link.

88 per cent of the vote approved the payment of $300,000 to ManifoldFinance, which won eth.link in an auction.

62% also authorised a settlement for less than that amount. (I think the idea was that a lower amount would be considered if the community did not approve the full $300,000.)

84% approved reimbursing ENS Labs for the costs of the lawsuit, which totals about $750,000.

Only 11% voted to continue the lawsuit.

RELATED TAGS

Ether ETH

PowerHome.com UDRP Case Study: Complainant Attempts to Acquire 2000 Domain Name

PowerHome.com UDRP Case Study: Complainant Attempts to Acquire 2000 Domain Name

Power Home Remodeling Group LLC (“Complainant”) was founded in 1992, registered the trademark “POWER” and in 2000 registered the domain name PowerHome. com. Recently, the Complainant filed a Uniform Domain Name Dispute Resolution Policy

Industry Information 28 Oct 2024 04:39:46 PM

Daddy's newest addition, AI Daddy, is younger and smarter!

Daddy's newest addition, AI Daddy, is younger and smarter!

Artificial intelligence (AI) has become an indispensable tool in modern content writing, revolutionizing the way writers generate ideas, streamline research, and inspire creativity. Using AI tools, writers can not only structure content and

Industry Information 28 Oct 2024 09:50:25 AM

Heavy! Confirmed Rocket.com Deal for $14 Million!

Heavy! Confirmed Rocket.com Deal for $14 Million!

Recently, after an article posted by Georgekirikos, a source in the know, and revealed on X, the domain name Rocket.com sold for $14 million! The buyer was ROCKET Companies (ticker symbol RKT), a $2.3 billion market fintech company.

Industry Information 26 Oct 2024 10:39:43 AM

Verisign Announces Q3 2024 Results, 169.6 Million Registrations for .com and .net Domains

Verisign Announces Q3 2024 Results, 169.6 Million Registrations for .com and .net Domains

VeriSign, Inc. and its subsidiaries (“Verisign”) reported third quarter 2024 revenues of $391 million, an increase of 3.8% over the same period in 2023, and third quarter 2024 operating income of $269 million, compared to $254 million for

Industry Information 25 Oct 2024 03:50:00 PM

WebUnited Partners with Domain Cost Club to Launch .WS Domain Name Chain Mirroring Service

WebUnited Partners with Domain Cost Club to Launch .WS Domain Name Chain Mirroring Service

In a major industry advancement, WebUnited and Domain Cost Club announced the launch of the world's first on-chain mirroring service for .WS domain names. This innovation makes .WS the first country code top-level domain (ccTLD) to

Industry Information 24 Oct 2024 05:29:48 PM

OOV.com Sells for $400,000, Becomes Highest Three-Letter Domain Name Traded in 2024

OOV.com Sells for $400,000, Becomes Highest Three-Letter Domain Name Traded in 2024

Three-letter domains have long been a favorite among investors in the domain market.2024 has seen a continued increase in the number of three-letter domains sold, and on October 22nd, OOV.com was successfully sold for $400,000, making it

Industry Information 24 Oct 2024 11:26:15 AM

Ethereum Name Service Community Approves eth.link Settlement