Ethereum Name Service

A wallet associated with Nick Johnson, the lead developer of Ethereum Name Service (ENS), deposited 200,000 ENS to the Binance exchange on November 28, as reported by the on-chain analysis platform, Lookonchain. Lookonchain shared a post on X (formerly Twitter), revealing that Johnson deposited 200,000 ENS, valued at $1.71 million at press time, to Binance. […]
The post ENS Developer Nick Johnson Moves $1.71M Worth of ENS to Binance appeared first on Coin Edition.

ENS Developer Nick Johnson Moves $1.71M Worth of ENS to Binance


                    
                    NFT marketplace Blur allocated a total reward pool of 300 million tokens, worth around $146 million, for traders who use their platform.
                    A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur. Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22,851,000 Blur (BLUR) tokens in the season 2 airdrop of Blur. At the time of writing, coin price tracker CoinGecko showed that the amount is worth around $11.2 million. It's time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io's Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS— Hanwe (@HanweChang) November 21, 2023

The end-of-season airdrop is one of the strategies employed by Blur to attract traders to use its platform. Blur rewards those who traded NFTs on the platform at the end of each season. The rewards vary depending on users’ activities within the NFT trading platform. In the most recent airdrop, Blur allocated a total reward pool of 300 million tokens worth $146 million at current BLUR prices. Biggest amounts claimed on the recent Blur airdrop. Source: DuneAround 38,000 addresses have already claimed their rewards, putting the total number of claimed tokens at 267 million. However, not everyone is satisfied with the Blur rewards received at the end of the season. Fuck @blur_io and @PacmanBlur— Machi Big Brother (@machibigbrother) November 21, 2023

NFT whale Jeffrey Hwang, commonly known as Machi Big Brother, cursed at Blur after receiving 6 million tokens worth around $2.9 million. On Feb. 25, Hwang sold 1,010 NFTs in 48 hours in what some consider the largest NFT dump ever. Nansen’s Andrew Thurman said it could be “one big wash trade” to generate profits through the Blur airdrop, as Hwang almost immediately bought back 991 of the NFTs. Related: NFT sales volume jumps to $129M in November — Nansen dataBlur surpassed OpenSea in daily Ether (ETH) trading volume earlier this year. On Feb. 18, OpenSea was prompted to implement a 0% fee structure to win back its user base from its up-and-coming competitor. Magazine: British artist Damien Hirst uses NFTs to blur the boundaries between art and money

User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop


                    
                    Sam Altman is ousted from OpenAI, BlackRock and Fidelity seek Ether ETF approval and Australia to tax gains from wrapped tokens.
                    Top Stories This WeekSam Altman ousted from OpenAI, CTO Mira Murati named interim CEOChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a deliberative review process, which resulted in the conclusion that Altman was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. Shortly after, OpenAI co-founder and president Greg Brockman revealed his exit from the organization.BlackRock files S-1 form for spot Ether ETF with SECThe worlds largest asset manager, BlackRock, officially filed for a spot Ether exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15. The ETF, dubbed the iShares Ethereum Trust, aims to reflect generally the performance of the price of Ether, according to the S-1 filed with the SEC. The iShares brand is associated with BlackRock’s ETF products. The move by BlackRock comes nearly a week after it registered the iShares Ethereum Trust with Delawares Division of Corporations and almost six months after it filed its spot Bitcoin ETF application. Following BlackRocks filing, asset manager Fidelity also sought a green light for its own Ether ETF.Australia to impose capital gains tax on wrapped cryptocurrency tokensThe Australian Taxation Office (ATO) has issued guidance on capital gains tax (CGT) treatment with regard to decentralized finance and wrapping crypto tokens for individuals, confirming that Australians are liable for capital gains taxes when wrapping and unwrapping tokens. The transfer of crypto assets to an address that the sender does not control or that already holds a balance will be regarded as a taxable CGT event, the ATO said in its statement. The CGT event will trigger depending on whether the individual recorded a capital gain or loss. A similar approach has been considered for taxing liquidity pool users, providers and DeFi interest and rewards. In addition, wrapping and unwrapping tokens will also be subject to triggering a CGT event.FTX Foundation staffer fights for $275K bonus promised by SBFAn employee of FTXs charity wing recruited by Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus. Ross Rheingans-Yoos lawyers argued in a court filing that only $375,000 of his $650,000 bonus was paid by FTX. They claim the remaining funds were owed when the crypto exchange filed for bankruptcy in November 2022. The fate of Rheingans-Yoos bonus will be determined by a Delaware bankruptcy judge who is overseeing FTXs Chapter 11 bankruptcy.WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisionsWisdomTree filed an amended Form S-1 spot Bitcoin ETF prospectus with the U.S. SEC on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of the WisdomTree Bitcoin Trust. The amended prospectus mentions that the WisdomTree Bitcoin Trust ETF will trade under ticker symbol BTCW, with Coinbase Custody Trust serving as the custodian holding all of the trusts Bitcoin on its behalf.Winners and LosersAt the end of the week, Bitcoin (BTC) is at $36,419, Ether (ETH) at $1,946 and XRP at $0.61. The total market cap is at $1.38 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Celestia (TIA) at 103.39%, yearn.finance (YFI) at 88.04% and THORChain (RUNE) at 54.38% . The top three altcoin losers of the week are Gas (GAS) at -64.85%, FTX Token (FTT) at -35.17% and Neo (NEO) at -20.27%.For more info on crypto prices, make sure to read Cointelegraphs market analysis.      Read also                                                                              Features                            2023 is a make-or-break year for blockchain gaming: Play-to-own                                                                                                                    Features                            Building blocks: Gen Y can use tokens to get on the property ladder                                            Most Memorable QuotationsEducation and utility-based projects where there is real utility for usage is how we can get regulators onboard.Navin Gupta, managing director of South Asia, Middle East and North Africa at RippleWe believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this markets continued growth.John Palmer, president of Cboe DigitalI am very bullish about a whole bunch of different things going on in crypto. […] It will be a multichain world.Brad Garlinghouse, CEO of RipplePhone and the internet arent to be blamed for terror financing and crypto shouldnt either.French Hill, United States RepresentativeI believe that code is a form of speech and is protected by the First Amendment.Vivek Ramaswamy, entrepreneur and U.S. presidential candidateThe digital euro would also mean that each and every one of us could be totally monitored. […] Anyone who is against surveillance and for freedom does not need a digital euro!Joana Cotar, member of the German BundestagPrediction of the weekBitcoin traders BTC price dip targets now include $30.9K bottomBitcoin circled $36,000 on Nov. 16 as analysis hoped for a deeper price comedown. Having failed to establish a breakout beyond 18-month highs during the week, Bitcoin was uninspiring for market participants, some of whom hoped to see a fresh correction to retest lower levels.Would be happy to see this latest rally complete the round trip back to $35k. Would be even happier to see a retest of $33k, monitoring resource Material Indicators wrote in part of the days commentary on X (formerly Twitter).A snapshot of BTC/USDT order book liquidity showed support building at $35,000. Material Indicators co-founder Keith Alan added that Bitcoins rising 21-day simple moving average had been functioning as support in recent days.BTC continues to fight for the range above $36.5k, he commented.Popular pseudonymous trader Daan Crypto Trades likewise flagged $35,700 and $38,000 as the main downside and upside levels to watch, respectively. Fellow pseudonymous trader Gaah, a contributor to on-chain analytics platform CryptoQuant, meanwhile warned that a steeper correction could take the market closer to $30,000.FUD of the WeekCybersecurity team claims up to $2.1B in crypto stored in old wallets is at riskCybersecurity company Unciphered disclosed a vulnerability dubbed Randstorm, which it said affects millions of crypto wallets that were generated using web browsers from 2011 to 2015. According to the firm, while working to retrieve a Bitcoin wallet, it discovered a potential issue for wallets generated by BitcoinJS and derivative projects. The issue could affect millions of wallets and around $2.1 billion in crypto assets, according to the cybersecurity company.Swan Bitcoin to terminate customer accounts that use crypto-mixing servicesBitcoin services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks. Customers learned about the new policy in a letter suggesting the changes are due to the United States Financial Crimes Enforcement Networks proposed rule establishing new responsibilities on firms processing transactions from mixing services.ENS developers urge Unstoppable Domains to drop patents or face lawsuitThe founder and lead developer of Ethereum Name Service (ENS), Nick Johnson, is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). According to Johnson, Unstoppable’s recently awarded patent is based entirely on innovations that ENS developed and contains no novel innovations of its own. Unstoppable Domains’ founder Matthew Gould responded in the thread, claiming that there are multiple naming systems.      Read also                                                                              Features                            Bitcoin ledger as a secret weapon in war against ransomware                                                                                                                    Features                            Tokenomics not Ponzi-nomics: Influencing behavior, making money                                            Top Magazine Pieces of the WeekI spent a week working in VR. It was mostly terrible, howeverCointelegraph Magazine journalist Felix Ng spent a week working in virtual reality. It was mostly terrible… but does have some potential.Breaking into Liberland: Dodging guards with inner-tubes, decoys and diplomatsBitcoin is really one of the most foundational parts of Liberland  99% of our reserves are in BTC.No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia ExpressHong Kong exchanges expand amidst continued investor interest, Philippines to issue $180M in tokenized bonds, China rules out civil protection for crypto, and more!    Subscribe    The most engaging reads in blockchain. Delivered once a        week.         Email addressSUBSCRIBE    

OpenAI’s Sam Altman ousted, BlackRock and Fidelity seek Ether ETF, and more: Hodler’s Digest, Nov. 12-18

Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to […]
The post ENS Developer Urge Unstoppable Domains To Drop Patents Or Face Lawsuit appeared first on BitcoinWorld.

ENS Developer Urge Unstoppable Domains To Drop Patents Or Face Lawsuit


                    
                    ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations. 
                    Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). In January, Unstoppable Domains was granted its first patent, US11558344, which claims that Braden River Pezeshki, Matthew Everett Gould and Bogdan Gusiev are the inventors of a technology that uses blockchain technology to determine domains. The patent request was filed with the United States Patent and Trademark Office in 2021. According to Johnson, the patent is "based entirely on innovations that ENS developed and contains no novel innovations of its own." The ENS documentation stipulates that: "The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS's job is to map human-readable names like 'alice. eth' to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata."In the open letter published on Nov. 17, Johnson claims that all the ENS work is under open-source licenses, with all standards publicly available for implementation. According to him, continued attempts to contact Unstoppable Domains about the issue have failed in recent months.Screenshot of patent granted to Unstoppable Domains on January 17, 2023. Source: USPTO."UD has subsequently issued a press release ‘pledging’ its first patent to the Web3 Domain Alliance, an industry group founded and run by Unstoppable Domains. We appreciate the sentiment behind this, but regrettably, press releases are not legally binding," Johnson noted in the thread. "We are thus requesting that Unstoppable Domains put legal weight behind its PR commitment, with an unconditional and irrevocable patent pledge."The ENS Labs is "ready to challenge this patent, which we believe is entirely derivative of our own inventions; a position we are able and willing to demonstrate.," Johnson warned. One of the alleged inventors from Unstoppable Domains, Matthew Gould, responded in the thread, extending an open invitation to join the Web3 Domain Alliance, the blockchain domain registry organization allegedly pledged with the patent. Gould also argued that:"I think your proposed solution doesn’t take into account the fact that we want there to be multiple naming systems - not just ENS - and the only way to ensure that future is to have a place where everyone (not just UD and ENS) collaborate."Cointelegraph reached out to Unstoppable Domains, but did not receive an immediate response. The thread has caught the attention of the crypto community. Bob Summerwill, executive director of the Ethereum Classic Cooperative (ETC Cooperative), noted that requiring organizations to join the Web3 Domain Alliance for rights over the technology is also a direct attack on the open-source ethos."Also, Matt, this prior pledge is not the same as we are talking about, because legal entities need to 'join the club' to benefit from the patent pledge. You are retaining the right to patent attack anybody who does not comply and join your alliance."Magazine: Ethereum restaking — Blockchain innovation or dangerous house of cards?

ENS developers urge Unstoppable Domains to drop patents or face lawsuit

Nick Johnson, the lead developer of Ethereum Name Service (ENS), accused Unstoppable Domains of patenting its open-source innovation regarding “Resolving Blockchain Domain” in a Nov. 16 open letter posted on social media platform X (formerly Twitter). Johnson asserted that Unstoppable Domains’ patent was solely based on ENS-developed innovations without any unique contributions from the rival […]
The post Ethereum Name Service decries Unstoppable Domains patent as a threat to open-source ethos appeared first on CryptoSlate.

Ethereum Name Service decries Unstoppable Domains patent as a threat to open-source ethos

Source: AdobeStock / Casimiro Nick Johnson, the founder of Ethereum Name Service (ENS), has raised serious concerns regarding Unstoppable Domains’ patent filings related to blockchain domain names.  In an open letter addressed to Unstoppable Domains, Johnson accused the company of appropriating ENS’ open source developments through these patent applications. An Open Letter RE: Blockchain Domain […]
The post ENS Developer Accuses Unstoppable Domains of Stealing Open Source Developments through Patent Filings appeared first on Cryptonews.

ENS Developer Accuses Unstoppable Domains of Stealing Open Source Developments through Patent Filings

Developer Nick Johnson from Ethereum Name Service (ENS) accuses Unstoppable Domains of restricting trade the Web3 domain industry. Johnson emphasizes ENS’s commitment to open innovation, highlighting their decision not to […]
The post ENS Head Developer Called Out Unstoppable Domains For Restricting Trade In The Web3 Domain Sphere appeared first on BitcoinWorld.

ENS Head Developer Called Out Unstoppable Domains For Restricting Trade In The Web3 Domain Sphere


                    
                    Builders are increasingly looking to streamline their applications with more familiar interfaces to onboard new users,
                    Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps). The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed ledgers and smart contracts to consensus protocols is included here.However, accessibility and simplicity are important for the adoption of Web3. When the technical complexities of Web3 are too prominently featured on the front end — such as managing cryptographic keys or understanding blockchain concepts — it can alienate a significant portion of potential users. It is important to make the user experience and interactions smooth and easy to understand so that the end-user doesn’t have to worry about the technical details.By prioritizing accessibility and simplicity, Web3 technology can be more inviting to diverse users. This approach helps bridge the gap between early adopters well-versed in blockchain technology and the broader mainstream audience. Harrison Hines, CEO and co-founder of Fleek, a Web3 app development platform, told Cointelegraph, “Simplicity and accessibility were key to the mainstream growth of computers, smartphones, mobile apps and even very recently with AI. Concealing technical complexities on the back end follows the same logic. Developers are also end users, and they need tools/infrastructure that is easy to use and build with.”Benefits of hiding Web3 in the back endUser experience can be improved by making blockchain-based apps easier to navigate. When users are shielded from the technical complexities associated with blockchain technology and cryptographic keys, they can engage with Web3 applications in a manner that feels similar to using traditional web applications. This streamlined experience encourages users to explore and adopt Web3 applications without being intimidated by their complexity.Simplified onboarding for non-technical usersWhen the onboarding process is straightforward, individuals unfamiliar with blockchain technology can quickly get started with Web3 applications. This approach reduces the learning curve and empowers a more extensive and diverse user base to access the benefits of Web3 without needing a deep understanding of its technical aspects.For example, Immutable Passport simplifies the onboarding process for WAGMI Defense users by offering a straightforward and password-free sign-up experience. With just a few taps, users can create an account, eliminating the need for password management. In conjunction, Passport establishes a noncustodial wallet in the background, providing a secure repository for users’ digital assets.Magazine: Breaking into Liberland: Dodging guards with inner-tubes, decoys and diplomatsAuthentication options are streamlined, allowing users to choose from well-known methods such as Google, Apple or email sign-ins. Passport’s interoperability feature also allows for seamless logins across all games and marketplaces within the Immutable ecosystem.This approach ensures a user-friendly experience, particularly for those not familiar with Web3 technologies. According to Web3 gaming franchise WAGMI Games, this feature enables it to onboard more players.Immutable Passport enables social login for gaming platforms like WAGMI Games. Source: WAGMI Kostas Kroustaloudis, development director at WAGMI Games, told Cointelegraph, “Simplifying the onboarding process for non-technical users is pivotal to driving mainstream adoption of Web3 technology. The majority of individuals have little patience for intricate, technical interfaces.”Kroustaloudis continued, “In fact, the likelihood of someone uninstalling an app skyrockets with each additional click or tap required to reach their goal. This is especially crucial when introducing gamers to new titles. The difference between success and failure can often hinge on the reduction of just one extra click.” Attracting more users and developersKeeping Web3 tech in the back end can help to bridge the gap between early adopters and mainstream users, expanding the Web3 user base beyond the tech-savvy and blockchain enthusiasts. As Web3 applications become indistinguishable from their traditional counterparts in terms of user experience, they are more likely to attract users who might have hesitated to explore the technology due to its perceived complexities.According to some experts, making it easier to build apps that hide Web3 components in the back end can attract more developers, bringing more Web3 apps to market.Fleek’s Hines said, “The main benefit is making it easier and more accessible for more developers to build applications using Web3 technologies in their backends.”Hines continued, “It’s just a numbers game. The more developers you have building more Web3-powered applications, the more likely (and faster) you are to start finding those breakout success apps that bring mainstream adoption. It’s the same as we saw happen in Web2 and mobile. Users discovering new Web3 apps that they enjoy is what will encourage them to try others.”Minimizing user errors and risksThe back-end concealment of Web3 technology has the additional benefit of minimizing user errors and risks. When users are not exposed to technical complexities, there is a reduced likelihood of making critical mistakes, such as mishandling cryptographic keys or engaging in unsafe transactions. This is especially important in decentralized finance applications, where minor errors can lead to significant financial losses.Minimizing user errors and risksOne notable example of a back-end Web3 implementation is the Ethereum Name Service (ENS). ENS allows users to replace lengthy, cryptic Ethereum addresses with human-readable domain names. ENS enables human-readable names for wallets. Source: ENSThis technology can be integrated into applications, providing users with a seamless experience. Users can send cryptocurrency to “john.eth” instead of “0x4cbe58a94d991087fa2dc648b1e33f55dbb53f4f2,” making transactions less prone to errors.Coinbase employs cb.id usernames, an ENS domain form, to streamline cryptocurrency transfers and user interaction. These usernames are associated with the ENS infrastructure, simplifying complex wallet addresses by offering a human-readable alternative. In addition to this, cb.id usernames automatically redirect web users to the respective Web3 profiles on profile.coinbase.com.Regarding blockchain gaming, WAGMI Games is another example. Its WAGMI Defence mobile app uses a free-to-play business model and features a familiar user experience. Players start by obtaining a free basic card set. Suppose a player wishes to participate in more challenging games with the chance of higher ranks and potential awards. In that case, they can purchase NFT characters with real money, similar to traditional apps.While the blockchain serves as the foundation for the game’s technology, players interact with the game via a more traditional interface. This design can lessen the perceived complexity and difficulty of using blockchain and NFT features, making them more accessible to a wider audience.Actionable adviceFor builders looking to create more user-friendly and seamless Web3 apps, one key consideration is the implementation of gas optimization strategies. Gas fees are an inherent part of many blockchain transactions and can be a significant barrier for users. Builders can improve the gas fee problem by using layer-2 solutions like state channels, diverting transactions off the main chain, reducing congestion and enhancing user experience, especially for gaming DApps. Additionally, they can choose low-fee blockchains like BNB Smart Chain, Solana or Polkadot to create budget-friendly environments, especially for microtransactions.Kroustaloudis agreed, telling Cointelegraph, “Gas fees, particularly in the context of apps reliant on microtransactions, can be a significant hurdle. Even a $0.10 gas fee, when incurred frequently, can prove problematic. With the emergence of various new L2 chains like Coinbase’s BASE and Immutable’s L2 solution, gas fees cease to be a concern.”“Depending on the app’s nature, choosing to build on layer 2s becomes an obvious choice for achieving mass adoption. To embark on this journey, developers should thoroughly research their target users’ needs and determine the most suitable gas optimization strategy for their project.”Zero-knowledge (ZK) technology, specifically ZK-rollups, can reduce the load on the main chain by batching off-chain transactions into a single smart contract, offering faster confirmation times and lower fees. Builders can integrate ZK-rollups to make their applications more efficient and cost-effective while enhancing the user experience.Recent: New York MoMA now has tokenized artworks in its permanent collectionBuilders should also consider optimizing for mobile devices. Many users access Web3 apps on their smartphones, so ensuring an app is mobile-responsive and functions seamlessly on various screen sizes and devices is crucial for widespread adoption.For users planning to use Web3 apps, it’s essential to maintain awareness and knowledge about the technology. Web3 and blockchain are evolving rapidly, and staying informed about the latest developments, security best practices and user guidelines can help users make informed decisions to protect their digital assets.