Ethereum Co-Founder's Survey Shows People Want $100 Lifetime .eth Domains
Almost 50% of the 91,130 votes responded that the fair price for 100 years of ownership of a five-letter .eth domain was less than $100.< /p>
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As Ethereum Name Service (ENS) domains have become more popular, the conversation has turned to pricing for .eth domains and what is considered a “fair” price to guarantee ownership for 100 years.
In a Twitter thread, Ethereum co-founder Vitalik Buterin asked the community what price they think is appropriate to register and retain ownership of a 5-letter .eth domain for 100 years. Buterin offered four options: less than $100, $100 to $999, $1,000 to $9,999, and $10,000 or more.
Nearly 50% of the 91,130 votes chose the most economical option of paying less than $100 to own a .eth domain for 100 years. One respondent said the result was predictable because people always want the cheapest way to get good returns. On the other hand, another community member argued that the costs should be exponential over time. The user thought $1 million was an appropriate cost for 100 years.
The costs of traditional domain names vary depending on the name registered. Domain name providers like Namecheap and GoDaddy sell regular .com domains for $1 to $13 per year without any add-ons. After one year, prices generally increase at the end of the promotional period. However, premium domains can be more expensive, ranging from $1,000 to $50,000 and beyond, depending on the domain name chosen.
The most expensive sale of an ENS domain was in October 2021 when paradigm.eth was sold for 420 Ether (
Almost 50% of the 91,130 votes responded that the fair price for 100 years of ownership of a five-letter .eth domain was less than $100.< /p>
New
As Ethereum Name Service (ENS) domains have become more popular, the conversation has turned to pricing for .eth domains and what is considered a “fair” price to guarantee ownership for 100 years.
In a Twitter thread, Ethereum co-founder Vitalik Buterin asked the community what price they think is appropriate to register and retain ownership of a 5-letter .eth domain for 100 years. Buterin offered four options: less than $100, $100 to $999, $1,000 to $9,999, and $10,000 or more.
Nearly 50% of the 91,130 votes chose the most economical option of paying less than $100 to own a .eth domain for 100 years. One respondent said the result was predictable because people always want the cheapest way to get good returns. On the other hand, another community member argued that the costs should be exponential over time. The user thought $1 million was an appropriate cost for 100 years.
The costs of traditional domain names vary depending on the name registered. Domain name providers like Namecheap and GoDaddy sell regular .com domains for $1 to $13 per year without any add-ons. After one year, prices generally increase at the end of the promotional period. However, premium domains can be more expensive, ranging from $1,000 to $50,000 and beyond, depending on the domain name chosen.
The most expensive sale of an ENS domain was in October 2021 when paradigm.eth was sold for 420 Ether (
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