Sunday, February 5, 2023
HomeAltcoinEthereum Name Service (ENS) Reclaims Domain Name

Ethereum Name Service (ENS) Reclaims Domain Name

  • U.S. district court in charge of the case approved ENS’s request for an injunction.
  • Manifold Finance paid $851,919 to acquire the domain name.

The Ethereum Name Service (ENS) announced late on Sunday that it had reclaimed possession of the domain name after a successful injunction against domain supplier GoDaddy.

Last month, ENS’s parent firm, True Names Ltd., and’s former owner, Virgil Griffith, sued domain name registrars GoDaddy, Dynadot, and Manifold Finance. The ENS claims that GoDaddy breached their contract by failing to “respect, acknowledge, and protect” the name by transferring. It to rival domain name registrar Dynadot before its expiry date and offering it for auction.

Services Finally Restored

The Domain Name System, or DNS, is what web browsers use to connect to websites. And it is connected to by ENS through the domain. Through the EthLink service, “.eth” domain owners may set up standard-browser-accessible webpages at their own ENS names. ENS and its users experienced disruption in service due to the loss of the domain.

The situation, however, has resolved. The EthLink services have restored after the U.S. district court in charge of the case approved ENS’s request for an injunction and returned the domain name.

“Our injunction was successful and the name has been returned to us,” the ENS wrote on Twitter Sunday night.

According to Domain Name Wire, Manifold Finance paid $851,919 to acquire the domain name from Dynadot. Sam Bacha, co-founder of Manifold, addressed the issue of the company “sniped” the name in a locked thread on the ENS forums.

As a decentralized, public, and expandable name system built on the Ethereum blockchain. The Ethereum Name Service (ENS) is a popular choice. The purpose of ENS is to convert human-readable names like “alice. eth.” To corresponding Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.

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