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Shopify CEO Tobi Lütke cops tobi.eth ENS for 30 ETH

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Tobi Lütke, CEO of e-commerce big Shopify, purchased ENS area title tobi.eth for 30 ether.

Shopify CEO Tobi Lütke has, in keeping with a publish on Twitter, bought the ENS area title tobi.eth for the good-looking sum of thirty ether ($ETH), about $122,000 on the time of writing. Details about the deal was posted by the ENS gross sales bot on Twitter, and confirmed by Lütke within the feedback. Nevertheless, Lütke has but to alter his Twitter deal with to the ENS title in query, as is frequent amongst ENS area title homeowners.

ENS, Ethereum Title Service, is a naming system based mostly on the Ethereum blockchain. ENS’s job is to map human-readable names like “john.eth” to machine-readable identifiers corresponding to Ethereum/cryptocurrency addresses, content material hashes, and metadata. To this date, there are greater than half one million names registered to over 200,000 homeowners.

As ENS domains change into more and more well-liked, so appears to be the market worth of some domains, particularly quick ones and people with well-liked phrases, for instance, beer.eth owned by beverage big Budweiser. ENS domains are NFTs and may be traded as some other NFT like artwork and collectibles.

With ENS names promoting for double-digit numbers in ether, they now play in the identical value league as high-end NFTs like CryptoPunks and Bored Ape Yacht Membership.

Posted In: Ethereum, NFTs
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