There are currently no proposals on the ballot. The Meta-Governance Working Group will maintain a proposal summary on the Term 5 Dashboard, a community resource aimed at helping navigate DAO governance and working group initiatives. Please continue to check the Dashboard intermittently as initiatives evolve to stay up to speed.
Note: A minimum of 100k $ENS is required to submit executable proposals. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information. To view the real-time distribution of voting power among delegates, visit votingpower.xyz.
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ENS Labs Updates
ENS Stats: December 2023
In December 2023, ENS continued its growth with 23.4k new .eth domain registrations, bringing the current total to 2.1m names. Protocol revenue reached $1.36m for the month, with all proceeds benefiting the ENS DAO. The number of new Ethereum accounts with at least one ENS name rose by 18k, culminating in a total of 800k. Primary ENS names set during this period tallied at 16.8k, contributing to an overall count of 701k. Additionally, 4.6k new avatar records were established, rounding up the total to 143k.
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🧧 ENS Year-in-Review
In 2023, ENS experienced a significant year of growth and expansion, marked by a series of product releases, integrations, and events. Key developments included the launch of the ENS Manager App V3 and the Thorin Design System, integration with Moonpay for easier ENS name registration, and the release of NameWrapper for enhanced ENS name control. ENS also saw integration into a variety of platforms such as XMTP for Web3 messaging, various wallets like Zerion and Uniswap, and even hardware support through Ledger. The year was further highlighted by ENS’s active participation in numerous global events, such as ETHDenver and EthCC, where they showcased their innovations and engaged with the community, along with significant media appearances including an interview by Google Cloud and mentions in J.P. Morgan’s Onyx publication and Bloomberg.
Product Releases and Updates:
ENS Manager App V3 and Thorin Design System: A set of icons specifically designed for the ENS Manager App and integrated with the Thorin Design System.
Moonpay Integration: ENS Manager App now includes support for Moonpay, enabling users to register ENS names with their credit or debit cards.
Twitter Space Event: An event featuring discussions on the Name Wrapper and V3 with the ENS Labs developers.
ENS Tools Release: Release of tools.ens.domains for ENS name checks and general information viewing.
NameWrapper Release: Introduction of NameWrapper, facilitating mass distribution of ENS subnames and enhanced control over ENS names.
ENS App V3 Updates: Announcement of ENS App V3, focusing on mobile usability and simplified avatar addition.
In-App Chat Support: Implementation of in-app chat support within the ENS Manager App.
Primary Names Update: Significant updates to the management of primary names within the ENS Manager App.
Multi-Delegate Token Contract: Introduction of a multi-delegate token contract for ENS DAO token holders to distribute and manage voting power.
Gasless DNSSEC Implementation: Launch of Gasless DNSSEC, removing the need for gas fees when importing DNS domains into the ENS protocol.
ENS Manager App Ownership Update: Launched a significant update to how ownership is displayed and managed in the ENS app, featuring a new tab called ‘Ownership’ with a suite of new features.
🔗 Integrations
XMTP Integration: XMTP now supports ENS to enhance user safety and support in web3 communities.
Aragon DAO Namespace: AragonProject created the .dao.eth namespace for DAOs launched on their platform, with each DAO receiving a dao.eth subdomain.
Zerion Wallet Integration: Zerion wallet integrated ENS and Sign-in with Ethereum, enabling better user experience.
Uniswap Wallet Integration: Uniswap released a new wallet with ENS integration.
Alchemix Self-Repaying ENS: AlchemixFi introduced Self-Repaying ENS, so ENS names can be automatically renewed without users ever losing them.
PancakeSwap Integration: ENS names now resolve on PancakeSwap, expanding their utility on the platform.
Earni.fi Expiration Reminders: Earni.fi now provides a service for sending ENS expiration reminders to users.
Worldcoin Integration: Worldcoin integrated ENS, broadening the number of individuals with an ENS name and supporting global identity verification.
Family App Interface: Family created an interface for setting up and managing ENS names efficiently.
Ledger Hardware Wallet Support: Ledger integrated ENS, allowing on-device ENS name support for asset transfers.
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🏟 Event Highlights
CCIP-Read Discussion at Only Dust: A master class on ENS’s CCIP-Read and its integration into Starknet was held at the Only Dust hacker house in Tel Aviv.
ENS at ETHDenver: ENS distributed custom ENS cards at ETHDenver, alongside unique swag printed for the event.
ENS Side Event at ETHDenver: ENS hosted a side event in Denver, CO, where attendees could receive animated ENS/ETH Denver badges.
ENS at ETHTokyo: ENS hosted a Crypto Cafe meetup during ETHTokyo 2023 and distributed ENS pins to participants.
ENS 6th Anniversary: The ENS community celebrated the 6th anniversary of the launch of ENS.
ENS Cards at Tokyo Meetup: ENS Labs team member attended a Tokyo meetup, distributing ENS cards to the attendees.
ENS at NamesCon: An ENS Labs team member attended NamesCon, engaging with attendees about the future of DNS domains in ENS.
ENS at Various Global Events: ENS Labs team members actively participated in several global events, printing ENS Cards for IRL events like ETHBelgrade, ETHSeoul, and Blocksplit.
ENS at ETHBarcelona: ENS Labs attended ETHBarcelona, contributing to the vibrant ecosystem discussions.
ENS at EthCC6 in Paris: ENS took part in EthCC6 in Paris, a gathering that underscores the intersection of technology and community. Attendees were thanked for making the event special, highlighting the strong connections in the ENS ecosystem.
ENS and XMTP’s Crypto Corner Store: ENS and XMTP partnered to create the Crypto Corner Store, showcased at ETHGlobal NYC. This fusion of technology and convenience emphasizes the role of web3 messaging in everyday transactions.
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🌐 Media Appearances
ENS Team Interview by Google Cloud: The ENS team was interviewed by Google Cloud, with the conversation highlighting the team’s innovative work and contributions to the web3 ecosystem.
ENS in J.P. Morgan’s Onyx Publication: Onyx by J.P. Morgan featured ENS in their digital identity deck, discussing the role of ENS in shaping the identity components of Web3.
Vitalik Buterin’s Mention of ENS: Vitalik.eth brought ENS into the spotlight in his blog, reflecting the synergy between high-value financial assets and ENS domain names.
ENS Highlighted in Bloomberg: ENS earned a mention in a Bloomberg article, signifying the service’s increasing recognition and relevance in the broader tech and financial narratives.
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Community Updates
Vitalik.eth: Make Ethereum Cypherpunk Again
Vitalik Buterin’s article “Make Ethereum Cypherpunk Again” explores the evolution and future of the Ethereum and broader crypto ecosystem. Buterin reflects on the original vision of “web3,” introduced by Ethereum co-founder Gavin Wood, which aimed to create a more open internet stack, integrating decentralized technologies like Ethereum, peer-to-peer messaging, and decentralized file storage.
However, Buterin notes a shift since 2017, with a decline in the emphasis on non-financial applications and an increase in centralization and financialization. He identifies high transaction fees as a key factor driving this change, leading to a dominance of financially motivated users over idealists. Despite these challenges, Buterin highlights recent positive developments like rollups, privacy solutions, account abstraction, advancements in zero-knowledge proofs, and ENS on L2s via CCIP-read which he sees as opportunities to realign with Ethereum’s original values.
Buterin envisions an Ethereum-based cypherpunk world with private transactions, zero-knowledge voting systems, decentralized social media, and secure wallets. He sees Ethereum as part of a broader technological vision, competing with traditional centralized systems. Read the entire blog post now.
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Luc.eth Presents at ETHRome
Luc.eth, Developer Relations at ENS Labs, shared an invitation to watch their recorded workshop on ENS Resolvers. They highlight the educational value of the workshop, possibly aiming to educate viewers about the technical aspects of ENS, including how resolvers and text records function within the Ethereum blockchain. Watch it in full here.
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📌 Working Group Bulletin
Term 5 Lead Working Group Stewards + Secretary Appointment:
The ENS DAO Term 5 Dashboard, prepared by the Meta-Governance Working Group, is a comprehensive guide for DAO actors in ENS DAO’s Term 5 governance and activities. It includes a DAO calendar with meeting links and times, schedules for various working groups, and a bi-weekly ENS DAO Newsletter. The dashboard also details the proposal process, including proposal summaries and voting procedures. Additionally, it outlines Requests for Proposal (RFPs) processes and provides information on working group roles and stewardship. Resources for understanding and participating in the ENS DAO ecosystem are also included. For a detailed view, visit the ENS DAO Dashboard.
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Working Group Description
The Meta-Governance Working Group provides governance oversight and support for working group operations through DAO tooling and governance initiatives.
Meeting Info:
Currently, there are no public calls scheduled. Please refer to the ENS DAO Calendar for future scheduling and await further communication via the governance forum.
EVM Gateway by ENS Labs: Developed the EVM Gateway to enable ENS names to interact directly with smart contracts across various EVM-compatible blockchains. —
Coinbase Wallet & XMTP: Coinbase Wallet integrated ENS and XMTP to enable web3 messaging, allowing users to message cross-platform for free.
Farcaster Protocol: ENS is now the native naming system for the Farcaster protocol, with support for offchain ENS subnames and second-level .eth names.
Blockscan Chat: Blockscan Chat by Etherscan released with ENS integration, facilitating easy messaging within the Web3 ecosystem.
Skiff Mail: Users can now select and use their ENS names for Skiff Mail via both PC and mobile platforms.
Phantom Wallet: Phantom wallet is supported in the ENS Manager App, expanding the use of ENS names within the Solana ecosystem.
ENS and IRC for World Humanitarian Day: On the lead-up to World Humanitarian Day, ENS Labs announced a partnership with the International Rescue Committee (IRC), showcasing their commitment to social impact through technology.
ENS at ETHGlobal NY Hackathon: ENS team members were present at the ETHGlobal NY Hackathon, engaging with the developer community and providing insights into ENS’s role in the future of web3.
ENS Participation in ETHRome: With a significant percentage of ETHRome hackers using ENS, the event highlighted ENS’s growing importance as a building block for developers in the blockchain space.
ENS de[Base]l Builder BBQ with Dust Labs: ENS joined forces with Dust Labs to host a BBQ for builders at de[Base]l, fostering a sense of community and collaboration among web3 creators.
ENS’s Educational Contribution at Meet Taipei: ENS’s Jeff Lau delivered a keynote at Meet Taipei, where he discussed the foundations of ENS and its early focus on developers to build a robust community.
NOTICE:
We value the voice of our community and are always eager to hear from you. The ENS team actively encourages feedback on all updates to better our system and enhance user experience. Please share your thoughts, suggestions, or concerns at ens.canny.io.
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Newsletter Roundup (tl;dr)
ENS Labs Update: Town Hall, ENSjs v3, Root key transfer
Community Updates: ENS India Meetup, web3forbes.eth, Lil Folder app
Results: Steward Elections and Service Provider Vote
Congratulations to the selected service providers, as well as to the newly elected and re-elected stewards. We look forward to your continued dedication to enhancing ENS. For a list of the voting outcomes, click this link.
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Note: A minimum of 100k $ENS is required to submit executable proposals. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information. To view the real-time distribution of voting power among delegates, visit votingpower.xyz.
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ENS Labs Updates
ENS Stats: November 2023
In November 2023, ENS (Ethereum Name Service) saw substantial activity with 20.8k new .eth domain registrations, increasing the total number of names to 2.3 million. This activity generated $1.1 million in protocol revenue, which was entirely directed to the ENS DAO. The ENS ecosystem expanded with 16k new Ethereum accounts holding at least one ENS name, bringing the total to 795k accounts. The month also marked the setting of 14k primary ENS names, resulting in a total of 690k names. In addition to these milestones, the personalization of ENS profiles grew with 3.5k new avatar records set, achieving a total of 138k avatars.
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Recap of the ENS Town Hall Event: Q3-Q4 2023 Insights and Forward Planning
The ENS Town Hall event for Q3-Q4 2023, hosted by ENS Labs and primarily coordinated by Sadaf.eth, was a significant occasion. It focused on reviewing the latter half of 2023 and setting priorities for ENS in 2024. The event featured members from ENS Labs and various working groups, including Meta-Governance, Public Goods, and Ecosystem. Notable speakers included Khori, Nick, Eskender, Marta, Luc, Greg, Katherine.eth, and others. The Town Hall, conducted as a Zoom call and streamed live on YouTube, offered a platform for insightful discussions and future planning. The event was recorded for later sharing, ensuring wider access to its valuable content. For notes, check out Q3/Q4 town hall notes thread by 184.eth. — 12.13.23
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ENSjs v3 Launches with Enhanced Features for ENS Domain Management
The latest ENSjs v3 release marks a significant update for developers working with ENS domains. The new version, built on the viem framework by @wevm_dev, promises to enhance the user experience with an array of new features and improved performance. Developers can start using it by installing the package via npm. The update allows users to register, renew, set primary names, and update ENS records more efficiently. Additionally, it includes management of ENS names and subnames, as well as the ability to check the availability, price, owner(s), fuses, and expiry of names. It provides functionalities to get all names associated with an address, all subnames for a given name, and all the records on a name. This release underscores the expansive capabilities of ENSjs, suggesting that its full potential is vast enough to be beyond what can be shared in a single tweet. — 12.13.23
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ENS Moves Toward Full Decentralization with EP 4.10 Root Transfer to DAO
ENS has reached a significant milestone in its path towards decentralization with the passing of EP 4.10. This proposal, unanimously voted by the DAO, requests the transfer of control over the root to the ENS DAO, marking the end of an era for the initial keyholders. Nick Johnson, a key figure in the ENS community, sent out a message to the root keyholders, expressing gratitude for their service and detailing the execution steps for the transfer. The proposal involves executing two critical actions: the transferOwnership call on the root ENS, setting the new owner to wallet.ensdao.eth, and updating the owner on the DNSSEC oracle to wallet.ensdao.eth as well. This decision retires the multisig system used thus far, transferring all responsibilities to the DAO and is a step towards a fully decentralized ENS governance model. — 12.15.23
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Integration: Phantom Wallet
The ENS Manager Application has recently introduced support for the Phantom Wallet. This integration allows users to connect and efficiently manage their ENS names within the app. The announcement invites users to try the new feature and directs them to the ENS Manager’s website at app.ens.domains. The update is aimed at streamlining the user experience by providing a seamless way to interact with digital assets and identities through the Phantom wallet integration. — 12.5.23
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ENS Gains Mention in Bloomberg’s NFT Scene Spotlighting Williamsburg
In a brief yet insightful aside within its coverage of Brooklyn’s crypto-cultural scene, Bloomberg referenced the ENS, highlighting its niche yet pivotal role. The article, set against the colorful backdrop of Williamsburg’s NFT mural by graffiti artist Lorenzo Masnah, pointed to the influence of ENS as a domain-naming system within the Ethereum blockchain, noting its mention among the digital art community following the mural’s rise to fame. This subtle acknowledgment by Bloomberg places ENS in the context of a potential NFT rebound, as the service quietly underpins the evolving digital landscape. — 12.8.23
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Jefflau.eth Presents at Meet Taipei
In a recent keynote at Meet Taipei, Jeff Lau, associated with ENS (Ethereum Name Service), detailed the strategic focus on developers in the early stages of building the ENS community. He emphasized that by prioritizing integrations and developer-first approaches, ENS not only facilitated the adoption of its blockchain-based naming system but also fostered a robust community foundation. Jeff’s talk highlighted key milestones, such as the launch of ENS as a side project of the Ethereum Foundation, its evolution into a separate entity with significant funding, and the eventual establishment of the ENS DAO in late 2021. The keynote also showcased impressive statistics, underscoring the over 2.5 million active .eth names, substantial revenue generation, and significant integrations with platforms like Coinbase, further illustrating the success of their community-centric approach. Jeff’s presentation made it clear that ENS’s early focus on developers has been instrumental in its widespread adoption and in establishing a decentralized, user-empowered protocol. — 12.11.23
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ENS Builder BBQ at deBasel
The ENS Builder BBQ at deBasel, an exclusive Web3 Builders’ event hosted by ENS Labs, took place in Miami Beach, Florida. This gathering was a unique opportunity for attendees to connect with the ENS Labs team, leading founders, engineers, and other Web3 builders, while enjoying a delicious BBQ, including vegetarian options. The event was open to the public, encouraging attendees to bring colleagues and guests. It served as a prelude to a Web3 ecosystem Happy Hour, fostering further networking and collaboration among participants. — 12.8.23
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Airstack Integrates with Holder XYZ for NFT and ENS Domain Holder Outreach
Airstack has announced a new integration which involves Holder XYZ, a web3 Customer Relationship Management (CRM) and marketing automation platform, which aims to enhance customer engagement within the tokenized ecosystem. With this integration, users of Holder XYZ can now send messages directly to their NFT community using XMTP, provide live updates for Proof of Attendance Protocol (POAP) holders, and extend special offers to ENS domain holders. This enhancement is positioned as transforming Holder XYZ from a ‘nice to have’ to a ‘must have’ tool, indicating a considerable value-add to the platform’s capabilities. — 12.8.23
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Joy Protocol Now Supports ENS
Joy Protocol has announced a new feature update for its wallet, integrating support for Ethereum Name Service (ENS) domains. This allows users to associate their blockchain addresses with human-readable names, enhancing the user experience by making it easier to send and receive digital assets. The update also includes support for CID, expanding the wallet’s compatibility within the decentralized web. Additionally, the Joy Protocol wallet has expanded its chain support to include Arbitrum, aligning with the broader trend of multi-chain accessibility in the cryptocurrency ecosystem. — 12.8.23
Vegayp.eth Engages Panama DAO Community with Insights on ENS Domains
Public Goods Working Group steward, Vegayp,eth, recently made a visit to the Panama DAO, where they introduced the story of ENS domains to the community members, sharing insights and developments. The event was backed technically by @ValidatorEth and featured a presentation forked from @matoken. The visit was well-received, thanking the steward for the informative talk and for facilitating connections with .eth domains. The community meetup was successful, drawing a significant number of attendees who engaged with the discussions and presentations showcased. — 12.6.23
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Lil Folder Application Locally Backs up NFT Media Files
The Lil Folder app is a tool for NFT collectors and enthusiasts who use ENS. By simply providing your ENS name, the app is designed to automatically create a dedicated folder on your Mac. It then proceeds to retrieve every NFT that is associated with your wallet, creating a backup of the media files of the NFTs. This application is versatile, supporting all media formats, which makes it exceptionally convenient for users to manage and back up their digital assets. Try it here: folder.lil.org — 12.6.23
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Forbes acquires web3forbes.eth
Forbes has expanded its digital presence into the realm of Web3 by securing its Ethereum Name Service (ENS) domain, “web3forbes.eth.” This move demonstrates the publication’s proactive approach in adapting to the evolving digital landscape and signifies its commitment to establishing a recognizable and trustworthy presence within the decentralized web. The ENS domain registration, completed in December 2023, aligns with Forbes’ initiative “ForbesWeb3,” further integrating their brand with blockchain technology and potentially offering more direct and secure access to their content and services. — 12.7.23
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Community Throwback: Building the First ENS App with Mist Browser
Jefflau.eth recounted the development of the first ENS (Ethereum Name Service) application, mentioning the use of the Mist browser in conjunction with a locally synced Morden testnet. This setup was instrumental in creating the application, suggesting a hands-on approach during the early stages of Ethereum development. The tweet reflects a nostalgic moment, recalling the “good times” associated with early blockchain development endeavors. — 12.5.23
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ENS India Community Meetup Hosted by Hidayath.eth
Hidayath.eth hosted an ENS India community meetup on December 8th from 7 PM to 11 PM at Phoenix Marketcity, Whitefield. This exclusive event, sponsored by the ENS Ecosystem, was an opportunity for ENS enthusiasts to engage with the community and explore the future of web3. The meetup promised limited spots and encouraged participants to join the ENS community for a session of networking and discussions related to Ethereum and the broader Web3 ecosystem. — 12.7.23
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ETHLIMO supports IPFS Redirects and more
Ethlimo.eth now supports IPFS redirects and custom 404s, enhancing its website functionality. This new feature, available for sites hosted in unique web contexts, allows for the creation of a redirects file under the root CID of the website. The redirects file enables defining rules for non-existent paths, including redirects to new paths and custom error pages. This advancement aids in maintaining links during transitions to IPFS hosting and improves user experience by efficiently handling broken or outdated links. For more detailed information, you can refer to the IPFS Docs on redirects and custom 404s. — 12.7.23
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frENS x 1w3 Buildathon
A new initiative called the 1w3 x frENS Buildathon has been announced, aimed at encouraging the development of decentralized websites on Ethereum Name Service (ENS) domains. Participants are incentivized with a prize pool, offering $500 for the first-place winner, scaling down to $75 for the fourth and fifth places. This event signals a push towards greater innovation and user engagement within the ENS ecosystem. The Buildathon runs from December 5, 2023, to January 5, 2024. For more, visit frENS on social media. — 12.5.23
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dr3a.eth Explains the EVM Gateway
dr3a.eth has created a thread on Twitter to provide an overview of the recently launched Ethereum Virtual Machine (EVM) Gateway. The thread explains the concept of the EVM Gateway and discusses its implications for both the Ethereum ecosystem and ENS. Read it here. — 12.7.23
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Fileverse integrates with Ethereum Follow Protocol
Fileverse, which operates as an onchain platform for collaboration, has announced an integration with the Ethereum Follow Protocol (EFP). The integration is aimed at enhancing the onchain experience by allowing users to convert their Ethereum addresses into multifunctional accounts. These accounts will be capable of holding public content and mapping out a user’s social graph, which is essentially the network of connections within a social media landscape. To leverage the full capabilities of this integration, users are encouraged to have a registered ENS (Ethereum Name Service) domain, which simplifies the Ethereum addresses into readable names and can be used across various services within the Ethereum ecosystem. This move by Fileverse is designed to make the presence of its users more palpable and interconnected within the blockchain space. — 12.12.23
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Tanrikulu.eth Visits the Centre for Earth Observation
ENS core developer, tanrikulu.eth, recently attended an event at the ESA Centre for Earth Observation in Frascati, Italy. The event focused on exploring the convergence of blockchain and space technologies. During the visit, attendees had the opportunity to engage with advanced concepts at the intersection of these two cutting-edge fields. — 12.14.23
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ENS Chain by Unruggable
Community developer Thomas Clowes, along with Premm.eth, proposed the ‘ENS Chain’, an Optimistic Rollup Stack (OP Stack) based Layer 2 (L2) blockchain solution, specifically designed for the Ethereum Name Service (ENS). This proof-of-concept aims to explore scalable solutions for ENS. Clowes detailed the development of this project and provided a comprehensive guide for replication. The ‘ENS Chain’ utilizes smart contracts to enable the registration and resolution of ENS names on a cost-effective and scalable application chain. Further information and resources related to this project, including deployed smart contracts and a demonstration video, are available in the detailed forum post. — 12.15.23
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Retroactive Public Goods Funding Discussion
The DAO delegate fireeyesdao.eth introduced a Retroactive Public Goods Funding (Retro PGF) model to ENS DAO, aiming to replicate the success seen in the Optimism ecosystem. This initiative seeks to reward builders and community members who have used the ENS protocol, encouraging future contributions. The proposal intends to start a community discussion on implementing a similar model for ENS, focusing on impactful distribution strategies and voting mechanisms. The concept is part of a broader dialogue about innovative funding models in DAOs and their potential benefits for ecosystem development. For more details, you can read the full discussion on the ENS DAO Governance Forum here. — 12.12.23
Hidayath.eth introduced Eth.cd, a Web3 social networking platform leveraging ENS for creating dynamic, decentralized profiles based on users’ ENS records. The platform features a homepage showcasing the top 100 ENS profiles, gamification through leaderboards, and integrates decentralized messaging and community building. It aims to enhance users’ digital identities by aggregating social media content and decentralized applications, fostering an engaged community. Additionally, Hidayath.eth proposed standardizing ENS domain records for better integration of various social platforms. — 12.12.23
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NameSys Introduces Dev3.eth
NameSys introduced Dev3.eth, an ENS project on GitHub. This setup allows users to update their ENS records hosted on GitHub Pages with simple Git commands. Users can redeem a free subdomain tied to their GitHub ID, which is then used to read ENS records from their GitHub homepage. This system includes security measures against potential compromises, offering a straightforward and secure way to manage ENS records via GitHub. For more details, visit the discussion on the ENS DAO Governance Forum. — 12.18.23
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📌 Working Group Bulletin
Q3/Q4 Lead Working Group Stewards + Secretary Appointment
Note: The DAO will observe a moratorium in advance of the holiday season. This year’s final Working Group meeting will take place on the 15th. The DAO will resume business as usual on the first fiscal business day of the new year (2024).
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ENS Working Group Spending Summary: Term 4 (Jul-Dec 2023)
The ENS Working Group’s spending report for Term 4 (July to December 2023) details expenditures totaling $1.5 million across its Ecosystem, Metagovernance, and Public Goods Working Groups. The Ecosystem group focused on grants, bug bounties, real-life events, and hackathons, while the Metagovernance group covered DAO compensation, tooling, endowment fees, and contract audits. The Public Goods group allocated funds for large and small grants, discretionary grants, and hackathon sponsorships. Additionally, the report includes governance token distribution details. For more details, please refer to the report in full. — 12.19.23
The Meta-Governance Steward Elect of the ENS DAO has issued a Request for Proposals (RFP) for streaming platforms to be used by ENS Service Providers. This initiative aims to select a platform capable of transferring tokens over time on MainNet Ethereum. The requirements include supporting USDC, ENS, and WETH tokens, a history of over one year on MainNet with over $100 million total value streamed, and the ability to create indefinite streams with public custom UIs. The chosen platform will handle payments for several projects and steward roles within the ENS DAO. Proposals are evaluated based on criteria such as total value locked, security history, gas costs, fees, and developer support availability. — 12.18.23
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ENS DAO’s New Era: Transitioning Root Key Control for Decentralization
Meta-Governance Steward Elect, estmcmxci.eth, presented during the Working Group call to discuss their article explaining the transfer of the ENS root key to the ENS DAO under EP 4.10. This significant shift aims to decentralize governance in line with Ethereum’s ethos, distributing decision-making and responsibilities. The article highlights the ENS DAO’s newly acquired powers and the move’s implications for DNS TLD owners and internet governance. For a comprehensive understanding, the full article is available here and the presentation here. — 12.11.23
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ENS Root Key Successfully Transferred to DAO, Achieving Full Decentralization
Nick.eth announced the completion of a significant milestone in the journey towards full decentralization. The control over the ENS root has been officially transferred to the ENS DAO. This marks a pivotal moment for ENS, emphasizing its transition to a fully decentralized structure. The transaction associated with this transfer can be publicly verified on the Ethereum blockchain via the provided Etherscan link: Transaction Details. He expressed his pride in this achievement, highlighting the core ethos of decentralization that underpins the ENS and its community. — 12.19.23
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ENS DAO Endowment Report - November
The ENS DAO Endowment report for November presents a detailed account of the financial status and asset distribution. — 12.15.23
Here’s a summary of the key points:
Total Funds and Utilisation:
The treasury holds a total of $64,897,419.
Capital utilisation is at a high rate of 96.0%.
Farming Results and APY:
Farming has yielded $154,934.
The annual percentage yield (APY) is at 2.9%.
Balance Overview by Token Category:
Ether holds the largest share with $49,227,449 in farming funds and a wallet balance of $2,580,783, totaling $51,808,232.
Stablecoins have $13,079,045 in total.
Other categories have smaller balances, bringing the grand total to $64,897,419.
Farming Funds/Results by Position:
The report lists various Ethereum positions such as rETH, WETH, and stETH with associated farming funds and results.
A total of $62,306,493 is allocated to farming funds with $10,142 unclaimed rewards and $162,674 in farming results.
Token Details:
The report provides a breakdown of token balances, price variations, and allocations.
WETH, rETH, and stETH are the top holdings with significant price variations noted.
Other tokens like DAI, USDC, and ETH are also part of the portfolio, with DAI and USDC maintaining a stable $1 price.
The Public Goods Working Group has recently announced the approval of substantial grants for several innovative projects, as part of its commitment to fostering development in the ecosystem. Among the noteworthy recipients:
‘Rotki’ has been granted 50,000 USDC, earmarked to support its development.
‘Revoke.cash’ has also secured a grant of 50,000 USDC, signifying the DAO’s confidence in its potential.
In a bid to enhance Ethereum Improvement Proposals (EIPs), ‘EIP-7212 Development and Advocating by Clave’ has been awarded 35,000 USDC, which underscores the importance of ongoing development and advocacy in the space.
‘Smooth: Dappnode’s MEV Smoothing Pool’ has been allocated 25,000 USDC, demonstrating the DAO’s strategic investment in solutions aimed at optimizing transaction processing.
These grants reflect the DAO’s active role in promoting projects that align with its vision for a more robust and innovative Ethereum infrastructure. — 12.12.23
Note: The ENS Ecosystem Working Group offers rolling grants, and applicants can apply anytime. The evaluation process takes around four weeks, and unsuccessful applicants are welcome to reapply in the future.
Thank you very much for reading the last newsletter of the year! Goodbye. 👋🏻
NOTICE:
We value the voice of our community and are always eager to hear from you. The ENS team actively encourages feedback on all updates to better our system and enhance user experience. Please share your thoughts, suggestions, or concerns at ens.canny.io.
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Newsletter Roundup (tl;dr)
ENS Labs Update: ENS November Stats, Patent Debate, Repo Updates
Community Updates: teamnick.xyz, 1W3 Browser Extension, cb.id subnames Milestone
Meta-Governance: November Financial Report, Guidelines for Service Providers
Public Goods: Project Presentations
Ecosystem: Service Provider Nominations Open, ENS.js v3 Update, EVM Gateway on Arbitrum
The DAO will be conducting Steward Elections concurrently with the Service Provider vote. We ask delegates to review proposals carefully before casting their vote. For more information on the Steward Election Process and the Service Provider vote, click either respective hyperlink.
Voting Itinerary
December 6-9: Nomination Period for Steward Elections
Note: A minimum of 100k $ENS is required to submit executable proposals. Once a proposal gains momentum, the stewards will prioritize it for a vote during the designated voting window. See our Governance Docs for more information. To view the real-time distribution of voting power among delegates, visit votingpower.xyz.
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ENS Labs Updates
ENS Stats: November 2023
In November 2023, ENS (Ethereum Name Service) saw substantial activity with 20.8k new .eth domain registrations, increasing the total number of names to 2.3 million. This activity generated $1.1 million in protocol revenue, which was entirely directed to the ENS DAO. The ENS ecosystem expanded with 16k new Ethereum accounts holding at least one ENS name, bringing the total to 795k accounts. The month also marked the setting of 14k primary ENS names, resulting in a total of 690k names. In addition to these milestones, the personalization of ENS profiles grew with 3.5k new avatar records set, achieving a total of 138k avatars.
Notice: Please be informed that the ENS Repository has been updated with new commits and actions in the past two weeks since our last newsletter. While we strive for accuracy, there may be instances of incompleteness or errors. For the most precise and up-to-date information, we recommend checking the ENS Repository directly. We appreciate your understanding and encourage your due diligence.
Repository: ensdomains/offchain-gateway-rs
Antony1060 (Merged PR): Implement encoding for multicoins
storywithoutend (Commit): Merge pull request #580 from ensdomains phantom-wallet
Repository: ensdomains/fix-mockup
domicoeth (Commit): Use realistic values for registration mockup
TateB (Commit): Merge pull request #592 from ensdomains/fix-mockup
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Nick.eth Discusses Ongoing Patent Dispute
Nick.eth recently spoke to CoinDesk regarding a patent issue, claiming that Unstoppable Domains patented technology based on innovations developed by ENS. He is now considering challenging the patent, asserting the importance of open-source standards over patented technology. Unstoppable Domains, however, denies the validity of this claim, stating that their patent is for technology they independently developed and used, including unique features like gasless transactions. — — 11.21.23
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Sadaf.eth Posits a Shift in Digital Identity Management
In a recent thread, Sadaf.eth, Director of Marketing for ENS Labs, posited that ENS represents a fundamental paradigm shift in digital identity management. The discourse emphasizes ENS’s key principles of decentralization, trustlessness, permissionlessness, and interoperability, lauding the framework’s innovative approach to blockchain technology. Sadaf.eth asserts that ENS extends beyond mere technical features; it is a commitment to democratizing the internet and promoting digital autonomy. The trustless and permissionless nature of ENS is portrayed as a stride towards inclusivity and a new standard in establishing digital trust, while its interoperability signifies a transformative step in facilitating seamless interactions across various blockchain platforms.
Mint a Free Subname to Signal your Support for Open Innovation
In response to the ongoing public discussion about disputed patents, @slobo.eth has launched a site where the community can mint a complimentary teamnick.eth subname to signal their support for open-source and open standards in decentralized innovation. The site was built using technology such as CCIP-read, ENSIP-10: Wildcard Resolution and more. This effort demonstrates a commitment to open innovation on the decentralized net. We encourage the community to mint their subname at teamnick.xyz — 11.27.23 —
Onthis.xyz Introduces Shortcut Points
OnThis.xyz aims to improve the user experience by simplifying complex DeFi interactions. Instead of multiple steps to transact, ENS Shortcuts allow users to execute actions such as swaps, staking, or bridging with just a single domain reference, like sending ETH to specific ENS names like portal.base.eth. They are introducing an incentive layer for Shortcut creators and users where they can be rewarded for everyday transactions. To participate, users are instructed to create a post on the Onthis Forum that describes their Shortcut and share it to boost activity and awareness. The Onthis team will select the Shortcut that receives the most support on the forum, then build and deploy it, including the creator’s wallet address upon deployment. Users can then use a Shortcut to earn points. For more information, review their thread on X — 11.21.23
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Coinbase Wallet hits a Milestone, Surpasses 4 Million ENS Subnames
Coinbase Wallet has achieved a significant milestone by issuing over 4 million ENS subnames to date via their cb.id domain. This achievement underscores the growing adoption of the Web3 ecosystem, with leaders like Sadaf.eth prompting users to secure their own ENS names if they haven’t already. — 11.29.23
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1W3 Launches Browser Extension
ENS Ecosystem project 1W3, a no-code web3 site builder, launched a browser extension which allows for ENS Website Resolver accessible on Chrome and Edge via extension. Check out their video tutorial and download the extension here to get started. — 11.28.23
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ENS Vision Launches Forge
Forge is an initiative by ENS.Vision at the forefront of developing open-source software dedicated to enhancing and innovating within the ENS Ecosystem. Their key offerings include:
Forge.Node: This component efficiently consolidates ENS data from on-chain, off-chain, and secondary markets into one accessible location.
Forge.Substore: A smart contract that enables users to create their own subdomain stores, facilitating the easy minting of subdomains from a parent domain. This is particularly useful for launching Initial Subdomain Offerings (ISOs).
Forge.Registrar: This smart contract within Forge aids in domain registration by allowing the minting of multiple domains in a single transaction. Its design is gas-efficient and includes a built-in revenue-sharing program, making it an ideal choice for platforms that aim for streamlined domain acquisition and distribution.
Their team is committed to ongoing innovation and expansion, continuously evolving alongside the ENS ecosystem. — 11.29.23
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Receipts XYZ Launches ENS-Supported Leaderboard
Receipts.xyz is a platform that integrates fitness achievements from Starva with blockchain technology. Users can connect their wallets, authenticate their fitness account achievements, and compete to be the top runner on their ENS-supported leaderboard. The platform then allows users to attest these accomplishments to their wallets using the Ethereum Attestation Service. This attestation process involves creating a metadata record of the achievement, which is then published to IPFS and can be queried by anyone. Additionally, users have the option to mint these attestations as NFTs, making them shareable and viewable across various applications and platforms. Essentially, Receipts.xyz provides a way to record and showcase fitness accomplishments using blockchain technology. — 12.1.23
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ZKP2P Integrates ENS for Secure and Selective P2P Crypto Transactions
ZKP2P is creating a trustless P2P fiat-to-crypto onramp using zero-knowledge proofs (zk proofs) to ensure secure and private transactions. Its latest feature enables users to conduct transactions with selected counterparties, including those with ENS profiles. This capability not only enhances trust by allowing transactions with known entities but also leverages ENS for greater transparency in the P2P crypto space. — 12.1.23
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Blockscout Enhances Data Reliability with Token Name Service Integration
The Token Name Service (TNS), which is built on ENS Protocol, has recently marked a significant milestone by integrating with Blockscout, a blockchain explorer. TNS is a decentralized registry that assigns symbols to tokens and maintains a shared dataset of token metadata on the Ethereum Mainnet. With this integration, Blockscout can source accurate and decentralized token information directly from TNS, enhancing the information’s reliability. This facilitates the provision of a decentralized source of truth for token metadata, such as names, logos, and project URLs, which is particularly valuable for tokens not listed on centralized platforms like Coingecko or CoinMarketCap. — 12.1.23
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Interface Introduces ENS-Supported Suggested User List
Interface, a social platform for the Ethereum community, has introduced a “suggested user list” feature that promotes ENS names as the primary identifiers for its users. This innovative integration underscores the platform’s commitment to leveraging Ethereum’s unique capabilities to enhance the social connectivity within the blockchain space. By using ENS names, Interface not only simplifies user interactions but also fosters a sense of community and identity tied to the Ethereum ecosystem. This move aligns with the growing trend of integrating blockchain technology into social platforms to ensure user-centric, secure, and decentralized digital identities. — 12.1.23
The Ethereum Follow Protocol (EFP) is poised to enhance ENS by adding a social graph component, with a planned rollout in the first half of Q1 2024. EFP aims to give ENS a competitive edge against rival social graph projects that offer their own naming and profiling systems. Key team members include brantly.eth, cory.eth, an innovator in the ENS ecosystem, and esm.eth, a developer known for his decentralized social media platform built on ENS and recognition in the Web3 space. These individuals bring a wealth of experience and deep connections within the ENS community, indicating a promising start for EFP. Launch partners include Skiff, Nifty Island, ENS Vision, Llamafolio, Interface, and more. — 12.1.23
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Working Group Bulletin
Q3/Q4 Lead Working Group Stewards + Secretary Appointment:
Meta-Governance – @katherine.eth
ENS Ecosystem – @slobo.eth
Public Goods – @Coltron.eth
DAO Secretary - @limes
The responsibilities of the Lead Stewards & Secretary are set out in Rule 9.8 and Rule 9.9 of the Working Group Rules.
Note: The DAO will observe a moratorium in advance of the holiday season. This year’s final Working Group meeting will take place on the 15th. The DAO will resume business as usual on the first fiscal business day of the new year (2024).
The November 2023 financial report for ENS presents a positive financial outlook. Key highlights include:
Sustainability: The organization’s revenues exceed its cash burn, with a cash inflow greater than the cash burn, ensuring a substantial runway of 134 months.
Endowment: The second tranche of the endowment has been funded, and there’s ongoing diversification of ETH holdings. The endowment’s recurring revenues now cover 23% of the cash burn.
Revenues and Cash Inflow: The report shows revenues of $2.0 million, an increase from $1.8 million in the previous month and $2.3 million from the previous year. The cash inflow is recorded at $1.2 million, consistent with the previous month but lower than the $1.7 million from the previous year. The cash inflow is 1.67 times the cash burn.
Cash Burn and Reserves: The normalized cash burn is $0.7 million, slightly higher than the previous month’s $0.6 million but lower than the $0.9 million from last year. The reserves stand at $92 million, up from $85 million in the previous month and significantly higher than the $53 million from the previous year. These reserves include $67 million in ETH and $25 million in USDC.
Endowment Assets and P&L: The endowment assets total $64.9 million, with $13.0 million in stablecoins and $51.8 million in ETH. The profit and loss (P&L) for the period is $5.9 million, primarily from ETH mark-to-market (M2M) gains.
This summary indicates a strong financial position for ENS, with significant reserves, a healthy cash inflow, and a robust endowment, underscoring its sustainability and growth potential. Review the full report prepared by @Steakhousehere. — 12.5.23
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Guidelines for Service Provider Streams
In a recent Q&A session with @AvsA about standards and metrics for the Stream for Providers initiative, it was recommended that Meta-Governance oversee the overall process, with individual streams being managed by the Ecosystem Working Group. The formation of a new working group to handle the Streams Initiative was proposed for next year, but is still up to debate. Service providers are expected to give regular updates; however, if these updates cease, Stewards should step in and halt stream payments. The identity of next year’s Stewards is still undetermined, but they will be encouraged to develop their own processes. A minimum one-month interval for updates is suggested to confirm ongoing activity, but Stewards may require more frequent updates as needed. The overarching goal is to enhance the stability and growth of ENS, maintaining leniency to allow all projects to be eligible for the ballot. — 11.28.23
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Update: Name Normalization Refund
In a recent discussion regarding the update and new ETA for Name Normalization, it was revealed that the algorithm for refunding .eth names affected by normalization updates had a minor flaw, which was fortunately identified just before its distribution. To ensure thoroughness, a few more weeks have been allocated, allowing for the detection of any additional issues. The objective remains to complete the distribution before the year’s end, though it could potentially be expedited if necessary. — 11.28.23
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Request for Proposal: ENS DAO Bylaws
The Meta-Governance working group is seeking proposals from qualified individuals or firms to create comprehensive DAO bylaws for the ENS DAO. These bylaws should be clear, adaptable, and follow best practices, including existing DAO documentation. They will cover aspects like working group operations, voting processes, bylaws amendments, and the DAO’s responsibilities. The RFP is open until January 8th, with submissions accepted via DM to @Meta-Gov_Stewards. After review, the selected party will work with the Meta-Governance Working Group to draft the bylaws for DAO review and adoption through a social vote. — 11.20.23
Public Goods Steward @vegayp.eth recently hosted a space on X to discuss and inform the community about the ENS Small Grants initiatives which encourages Web3 developers to build open-source projects on ENS. You may review the talk here. — 11.27.23
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ENS Public Goods Panel Review @ Devconnect
The ENS DAO Public Goods Stewards hosted a panel at NotDEVCON where they discussed the Public Goods grants initiatives, the mission and purpose, the voting process and more. The panel featured past grantees including RevokeCash, Token Engineering Academy, and Clave. Watch highlights from the talk here. — 11.27.23
A 501(c) non-profit in the US, discussed their work on building infrastructure for digital self-governance and the State of Web3 Grants report, alongside their active contributions to the Web3 space through DAOstars, a subsidiary focusing on Web3 standards. They plan to hold a “Web3 Grants Summit” at EthDenver and are engaged in research and technical standards. — 11.30.23
Giveth is conducting ENS-sponsored quadratic funding rounds to support public good projects, with plans to run multiple rounds simultaneously, similar to Gitcoin’s model. They have completed a successful first round and are seeking feedback for future rounds. — 11.30.23
Bankless Academy is an interactive Web3 education platform. Independent from BanklessDAO and BanklessHQ, it aids users in building their digital presence and sovereignty, offering lessons on creating Web3 wallets and onboarding to the Optimism network, and aims to extend its outreach within the ENS ecosystem. Each project embodies a facet of the broader goal to support and develop the Web3 ecosystem through education, infrastructure, and community engagement. — 11.30.23
Note: The ENS Ecosystem Working Group offers rolling grants, and applicants can apply anytime. The evaluation process takes around four weeks, and unsuccessful applicants are welcome to reapply in the future.
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ENS.js V3 Update
ENS Labs has signaled the imminent launch of ENS.js version 3, boasting enhancements in efficiency, bug fixes, and smoother operation across the Ethereum Name Service (ENS). This update promises to streamline user experiences and provide more robust service capabilities. — 11.28.23
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Louis Vuitton and ENS Collaboration
In a notable collaboration, luxury brand Louis Vuitton has released an NFT collection that utilizes an ENS name, with ENS Labs playing a pivotal role in securing the primary ENS name for this initiative. — 11.28.23
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Project Highlights from ETHGlobal Istanbul Hackathon
Alex Plutta has introduced an ENS Gateway and Verifier on Arbitrum at the ETHGlobal Istanbul Hackathon. This project facilitates the verification of state proofs from contracts on Layer 2 within a Layer 1 context, enhancing cross-chain interactions. — 11.28.23
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The ENS Wayback Machine
Sem Bee’s ENS Wayback Machine is a new tool allowing users to travel back in time to explore the history of ENS-linked decentralized applications (dApps), adding a historical dimension to the ENS experience. — 11.28.23
NameHashLabs.org has launched NameKit, a tool designed to improve the economics of integrating ENS into applications. This aligns with the goal of making ENS more accessible and ensuring compatibility with other community builders. — 11.28.23 —
Expanding the ENS Subdomain Network
The Handle.eth project aims to create the largest subdomain network within the ENS ecosystem, envisioning it as a marketing powerhouse for ENS and offering free subdomain registrations. — 11.28.23