Ens news-Page 2
Former ENS director of operations remains at foundation after voting against his own removal
Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to remove him. According to a tally of roughly 3.7 million ENS DAO votes recorded at the end of the voting period on March 5, more than 1.6 million were against removing Millegan as director of the ENS Foundation — 43.39% of the vote. More than 698,000 votes abstained from the proposal, while roughly 1.4 million votes were in favor of Millegan’s removal — 19.1% and 37.51%, respectively. The controversial #ENS vote that …
Business / March 10, 2022
Former ENS director of operations may remain at foundation after voting against his own removal
Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director. According to a tally of roughly 2.4 million ENS DAO users recorded as of Thursday, more than one million are against removing Millegan as director of the ENS Foundation. The users account for more than 42% of the vote, with 28.61% voting in favor of removing the ENS director and 29.29% abstaining with two days remaining to submit. “The DAO shall decide whether Brantly Millegan is deemed capable, or …
Business / March 3, 2022
FTX integrate Bonfida's flagship service to enable domain withdrawal function
Bonfida, a multifunctional infrastructure built around Solana blockchain, has announced that their Solana Name Service, or SNS, will be integrated into cryptocurrency exchange FTX, in a bid to expand the former's digital footprint and adoption rate. Alongside the SNS, Bonfida are recognized within the industry their for deployment of the inaugural decentralized exchange, or DEX, on Serum in September 2020, as well as presently serving as an API on-chain data analytics service to the Solana ecosystem, in addition to orchestrating governance mechanisms through their native FIDA token, among other functions. The Solana-centric SNS platform has enabled in excess of 150,000 …
Adoption / March 2, 2022
Puma rebrands to Puma.eth on Twitter
Puma is the latest in a growing list of major brands to purchase a decentralized URL and reveal their nonfungible token, or NFT, by changing their Twitter handle to Puma.eth. The sportswear brand registered the domain name with the Ethereum Name Service, or ENS. welcome PUMA.eth (@PUMA) https://t.co/BuPplzfJgR — ens.eth (@ensdomains) February 21, 2022 Other major brands with .ETH domains include Budweiser, the subsidiary of Anheuser-Busch InBev, which bought Beer.eth through ENS on OpenSea for 30 ETH last year. And when the fast-food chain White Castle registered whitecastleofficial.eth, ENS’ former director of operations, even tweeted about his excitement. All .ETH …
Decentralization / Feb. 22, 2022
ENS dumps director of operations in condemnation of homophobic tweets
True Names Limited, the nonprofit behind distributed domain protocol Ethereum Name Service, announced it would be ending its contract with director of operations Brantly Millegan after many uncovered his previously posted anti-LBGTQIA tweets. On Feb. 6, the decentralized autonomous organization of Ethereum Name Service, or ENS, asked users to weigh in on what actions, if any, should be taken against Millegan in regards to a May 2016 tweet in which he said "homosexual acts are evil” and “transgenderism doesn’t exist.” The DAO said some had proposed suspending Millegan from his leadership roles at ENS, voting to remove him as a …
Business / Feb. 7, 2022
ENS’ director of operations says that DAO-based governance ‘has always been the plan’
On Monday, distributed domain protocol Ethereum Name Service, or ENS, launched its own governance token in an effort to distribute voting rights for its new decentralized autonomous organization, or DAO, to active users of the ecosystem. Cointelegraph spoke with Brantly Millegan, ENS’ director of operations, to learn more about the nonprofit’s decision to shift to a DAO model and his thoughts on the power of the ENS community: “ENS is an open public protocol. The core components of ENS are decentralized and self-running (e.g., no one can take away another person’s .ETH name), but there are a few things that …
Adoption / Nov. 10, 2021
Ethereum Name Service's new token already has a fully-diluted cap of $3.1T
The official announcement on Mirror from ENS states that $ENS will be used to vote on a proposed constitution and govern protocol parameters. The first issues holders can vote on in the new ENS DAO are the price oracle, and how to allocate existing and future community treasury funds. Ethereum wallet users who have created an ENS domain in the past are eligible to claim $ENS from the claims site by May 4, 2022. Unclaimed tokens will be sent to the DAO treasury. An ENS domain maps easy-to-read names that end in .eth (like “alice.eth”) onto Ethereum addresses. One-quarter of …
Ethereum / Nov. 9, 2021
OpenSea bug appears to have destroyed nearly $100K in NFTs
Reports have emerged that a bug on OpenSea's marketplace has deleted user-owned NFTs worth 28.44 Ether (ETH), nearly $100,000 at the time of writing. The information was revealed online by Nick Johnson, lead developer of Ethereum Name Service, or ENS, who reportedly lost an NFT that was linked to the first ENS named rilxxlir.eth. ENS is a naming system that allows users to store text-based content as an NFT on the Ethereum blockchain. While transferring the NFT from an ENS account to a personal account, Johnson noticed that the token was sent to what appeared to be a burn account: …
Blockchain / Sept. 9, 2021
First Loan Ever Issued With Ethereum Domain Name as Collateral
Rocket LP DAO, a 4-month-old loan provider that uses non-fungible tokens (NFTs) as collateral, issued a $1,000 loan this week, backed by only one Ethereum domain name — brantly.eth. The loan was issued for 90 days with a 15% interest rate and is the first loan to ever be issued with only an Ethereum name service domain name for collateral. Rocket signs off the first ever domain name backed loan ⌨️🚀 - @ensdomains x @RocketNFT Loan - $1,000 of ETH loaned to @BrantlyMillegan - “Brantly.eth” is the collateral, also the loanee first name - 15% interests due - Duration: 3 …
Ethereum / April 17, 2020
Coinbase Wallet Now Allows to Send Crypto Through Usernames
Coinbase updated its wallet with a function that lets its users send cryptocurrency through usernames, instead of the usual lengthy addresses. According to a Feb. 25 announcement, Coinbase Wallet now allows its users to send cryptocurrency to dedicated usernames or ones created on the Ethereum Name Service (ENS). Coinbase’s proprietary usernames look like @username while ENS names resemble URLs like coinbase.eth. Source: Coinbase blog No more sending to a wrong address In its announcement, Coinabse claims that its users often complain about “how cumbersome it is to deal with long and nonsensical crypto addresses.” Many users are often afraid of …
Ethereum / Feb. 26, 2020
Ethereum Name Service Adds Multicoin Support
Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature. According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets. Ongoing implementation It is noted that ENS’s user interface currently only supports Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses — and not all of the encodings. Still, the post promises that its functionality will be expanded in the coming weeks. Among the new wallets committed …
Ethereum / Oct. 20, 2019