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- ENS sued GoDaddy for breaching the contract.
The Ethereum Name Service announced on 18th September Sunday that it has regained control of the Eth.link domain names after winning an injunction in its case against domain provider GoDaddy.
ENS (Ethereum Name Service) is a subsidiary firm of True Names Ltd and the previous Eth. link owner Virgil Griffith lodged a case against GoDaddy, Dynadot, and Manifold Finance at the beginning of September. GoDaddy allegedly transferred the ENS’s Eth. link name to domain name registrar Dynadot before its expiration date and put the name up for auction in what the ENS called a “breach of contract” that broke a contract to”respect,acknowledge,and protect” the Eth. link name.
Ethereum Name Service operates Eth.link domains to link “.eth” domain users to develop a viewable website with their ENS names and make it unrestricted from a standard browser. Losing access to the Eth. link domain disrupts the service for ENS and its users.
Although the problem was prevented, the judge of the U.S district, who is also in charge of the case, granted ENS’s request for an injunction and demanded that the Eth. link name is returned, reviving Eth. link services.
On 18th September, Sunday, Ethereum Name Service posted on its official Twitter handle, “Our injunction was successful and the name has been returned to us.”
According to Domain Name Wire Earlier, Manifold purchased the eth. link domain name for $851,919( 6 crores).
Sam Bacha, the co-founder of Manifold, mentioned, “We wanted the domain name because we had intentions of establishing a special purpose trust to provide the legal entity for which key pieces of some of our infrastructure could have been held.” He said, “By Court order the eth.link domain does not belong to Manifold Finance and it has no current right to sell the domain.”
Succes Path of Ethereum Name Service(ENS)
Ethereum Name Services are defined as the form of readable crypto wallets address, which was not easy in older times because they were not readable for humans.
Reports of OpenSea state that Sunnybay.eth is an ENS(Ethereum Name Service) that has purchased sony.eth at the cost of 40Eth(72K Indian Currency).
As per data from Dune Analytics, around 525k addresses have participated. The graphics and data indicate that there were 67,095 ENS registrations in February, although the growth rate attained growth and reached 85,272 in the current month.
Names of Domains remain an essential part of the Internet, functioning as the flagpole of the biggest brands, companies, institutions and individuals. But the beginning of Blockchain technology and Web3 has directed a paradigm for domain name hosting.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
