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Metaversal Issue

The ENSv2 Game Changer

gm Bankless Nation, the Ethereum Name Service is considering its biggest development proposal yet!
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May 28, 20242 min read
The ENSv2 Game Changer
Published on May 28, 2024
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Sponsor: ORAORA is Ethereum’s Trustless AI, bringing Onchain AI to life.

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NFT NEWS
The Sandbox DAO
  1. ⛰️ The Sandbox decentralizes. The virtual gaming platform just announced the launch of its own DAO, inviting its players to directly participate in steering the project going forward.
  2. 📢 Azuki casting call. The popular anime-themed collection just opened licensing submissions in a chance for its ecosystem holders to have their NFTs featured in an upcoming Azuki product.
  3. 😜 The new Pacmoon. The leading memecoin on the Blast L2 just announced its V2, which introduces Social Validators and the ability to earn $PAC by liking Pacmoon content.
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ANALYSIS
ENSv2: Bringing Ethereum Name Service to L2
Bankless Author: William M. Peaster

With its NFT-powered domains, Ethereum Name Service (ENS) has been a cornerstone of Ethereum’s app scene since its inception in 2017. 

Now, the protocol’s stewards at ENS Labs just introduced their biggest development proposal yet: ENSv2

This next-gen implementation would extend ENS to an as-yet selected Layer 2 (L2) network for reduced costs, faster transactions, and enhanced functionalities.

Here’s a breakdown of the system's basics and why it marks a significant leap forward! 👇


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TOOL TIP
Surreal
via Surreal

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I love these sorts of "frontends" for NFT creatives and collectors, the streamlining and slick app experience is nice. If you're an Apple user, check it out sometime and see what you think!

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.