News

GoDaddy And Ethereum Name Service Join Hands To Help Users Buy Web3 Domain Names Easier

Key Points:

  • GoDaddy collaborates with the Ethereum Name Service, allowing users to link traditional domains to ENS .eth domains at no extra cost, bridging DNS and blockchain.
  • Over 20 million GoDaddy users now have access to the ENS blockchain infrastructure, signaling renewed interest in Web3 adoption.
GoDaddy, a prominent global domain registration and web hosting leader, is forging a strategic alliance with the Ethereum Name Service (ENS), a pioneering blockchain-based naming system.

GoDaddy and Ethereum Name Service Join Forces

This collaboration allows users to seamlessly link their traditional domain names to ENS’s .eth domains without incurring extra costs or requiring technical expertise, marking a significant stride in integrating the Domain Name System (DNS) with blockchain technology.

Web3 adoption faced a slowdown in mainstream companies during the bear market, but this partnership between ENS and GoDaddy, the largest internet domain registry, signals a renewed interest in merging blockchain with conventional technologies.

GoDaddy’s Partnership Grants 20 Million Users Access to ENS

The Ethereum Name Service, widely adopted in the crypto community, enables users to associate human-readable names with complex Ethereum addresses, akin to DNS functionality in website URLs. With over 20 million GoDaddy users gaining access to the ENS blockchain infrastructure, the collaboration bridges the gap between traditional DNS and cutting-edge blockchain technology.

The decentralized nature of ENS .eth domains simplifies complex wallet addresses into human-readable names on Web3, offering various features. With GoDaddy onboard, Web3 users can now effortlessly link their .eth domains with traditional URLs at no extra cost.

The partnership tackles previous barriers, particularly high gas fees, that deterred users from transitioning domain names to the Ethereum Name Service. GoDaddy’s President of Domains, Paul Nicks, hails the development as the “fusion of domain names and blockchain technologies,” benefiting both the Web2 and Web3 ecosystems.

To address the challenge of high gas fees, Ethereum Name Service deployed new smart contracts facilitating the resolution process of domain names in ENS at the DNS top-level domain level. This innovation allows cost-free verification of DNS records, streamlining the transition process and fostering trust in digital identities for domain owners and crypto wallet holders alike.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

15 minutes ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

1 hour ago

Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties

Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…

1 hour ago

Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future

Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…

5 hours ago

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

11 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

14 hours ago

This website uses cookies.