Jul 20, 2022 at 05:07A collector under the nickname Sunnybay bought the domain sony.eth for 48 ETH(~$77k). He completed the transaction in just six minutes from the start of trading and now possesses at least two more sonorous domains and plans to sell them at a much higher price in the future.
However, Sunnybay is not the only one hunting for stylish “site names.” Many are willing to pay more for it. A lot more!
What is .eth?
Ethereum Name Service is a toolkit that allows transactions to be made using abbreviated “names” instead of wallet numbers. Such domains serve as a kind of investment for individual traders. ENS names are essentially the same as tokens. They can be traded, for instance, on OpenSea.
How to buy .eth?
It is worth to be mentioned, that two users cannot have full control of .eth at the same time. ENS domains are registered on a temporary basis, and ownership of the domain is transferred through the NFT. The latter detail means that ENS domains can technically be bought on the secondary market, but this practice is relatively rare.
To buy a domain, follow these steps:
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- Open a cryptocurrency exchange account;
- Download a crypto wallet;
- Send ETH to Metamask;
- Connect your wallet to ENS Domains.
- Choose an ENS Domain and make your purchase.
You can find more information about that here.
The most expensive crypto domain
The following list calculates the domain value in ETH at $1605.66.
- amazon.eth sold for 33 ETH (~$53k);
- nike.eth sold for 60 ETH (~$96.3k);
- 555.eth sold for 55.5 ETH (~$89k);
- 000.eth sold for 300 ETH (~$482k);
- paradigm.eth sold for 420 ETH (~$674k).
All domains were bought at different times, but even though the price per ETH has almost halved since then, still, incredible sums were obtained. It is good if the current owners of the domains manage to sell them in the future for a higher price, but that may not happen. That would be a pity, wouldn’t it?
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