How to Make ENS Domain ( Ethereum Name Service )
ens domain metamask
This article will show you how the Ethereum name service works and how to create .eth names!
0. The .eth address is a publicly verifiable medium like personal websites and Twitter.
The .eth address can include your personal website address or e-mail address. Then, the .eth address existing on the blockchain is verified by the blockchain technology. Also, since the .eth address itself can also be used as a conventional wallet address, you can receive virtual currency with this .eth address without having to copy and paste a long list of numbers. In other words, the .eth address is like a traditional website address and can also be used for transaction processing such as sending cryptocurrencies with the .eth address.
ENS (Ethreum Name Service) is your Web3 user name. Sandboxed usernames with long numbers are no longer needed. You have your own ENS username and can store and use avatars and other profile data between services. ENS is the most widely integrated blockchain naming standard. ENS gives every Crypto one name. You don’t have to copy and paste long addresses anymore. You can use the ENS name to store all addresses and receive payments in any cryptocurrency.
Features of ENS (Ethereum Name Service)
・NFT (Non Fungible Token)
・You can transfer record management rights to other users while retaining ownership.
・Text records can be created (URL, SNS profile, avatar, keywords)
ENS issues the above tokens as governance tokens (¥ 1,558 as of 2022.3.15). The ENS (Ethereum Name Service) governance token $ ENS Token, which allows you to set any string to the Ethereum address, has been released. It reached $ 5.4 billion on a market capitalization basis.
This market capitalization is the amount when the total supply of ENS tokens is distributed, and the ENS currently in circulation is 100 million tokens, of which 1/10 is currently in circulation. ENS has decided to distribute governance tokens to users who have acquired ENS in order to make ENS operations DAO (Autonomous Decentralized Organization), and has also adopted a delegator.
It’s also clear that Coinbase applied for this ENSDAO on November 6th. However, the general public does not receive governance tokens. You will receive a Governance Token if you meet the required conditions. The market capitalization of ENS is currently about 106.2 billion yen.
・Zero X Protocol (0x Protocol)
It is handled by decentralized exchanges (DEX) such as.
Here, we will briefly introduce how to obtain an ENS domain. All you need is MetaMask and a compatible browser (Chrome, Brave, etc.). After that, put Ethereum in MetaMask and enter the ENS name you want to register from the ENS official page and check if it can be registered. If you can register, proceed to the next.
After that, you can easily register by pressing the registration button in order from 1 to 3. In this case, the price is 5 characters or more, so it cost $ 5 and gas fee of about 3,000 yen for one year (the price varies depending on the Ethereum price).
Let’s proceed in order. There is a little waiting time. Don’t rush and just wait.
This time, I introduced how to get an ENS domain. Originally I wanted to introduce how to make a site a Web3 site using the acquired ENS domain, but this time I will only acquire ENS. If you build a Web3 site using the ENS domain, you will not be excluded by the government, etc. like virtual currencies on the blockchain, and you will be able to express more freely. Also, those who registered the ENS name in 2021 were given the ENS virtual currency as an airdrop. In the future, there may be such airdrops, or you may build a Web3 site and link ENS to it to get airdrops.
I think that airdrops using governance tokens for DAO management will continue to take place in various ways. You will also find out which DAO is important as you look at the future trends in the Web3 industry. Just as MetaMask has become quite common, this ENS is likely to become the standard for the future Web3 era, so it won’t hurt to get it. And if the price of Ethereum goes up, the gas cost when getting ENS will also go up (isn’t it high if it becomes ETH 2.0?), So it seems better to get it early.