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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: electronicash on February 09, 2024, 08:30:59 PM

Title: Empowered by CNS Fully Decentralized Name Registry - Cardano Naming Service
Post by: electronicash on February 09, 2024, 08:30:59 PM

i heard this Cardano Naming Service a week ago from an influencer and i thought i could use it to register some accounts. i have no idea how much is the fees actually but i would be willing to pay some ADA for registering some unique names.

the services i'm talking about is https://cns.space it was said to be launching this Feb 7 but i checked again it is still not working. it must be cool to own some cool names.
i'm thinking of registering something like stake.ada just so i can auction it for profit.

and maybe this project also will have drop for its token. i don;t think this one has a token of their own.
Title: Re: Empowered by CNS Fully Decentralized Name Registry - Cardano Naming Service
Post by: MrSpasybo on February 12, 2024, 07:37:30 PM
Quote from: electronicash on February 09, 2024, 08:30:59 PM
the services i'm talking about is https://cns.space it was said to be launching this Feb 7 but i checked again it is still not working. it must be cool to own some cool names.
i'm thinking of registering something like stake.ada just so i can auction it for profit.

and maybe this project also will have drop for its token. i don;t think this one has a token of their own.
Name service is already present on Ethereum and Eos, now it has come to Cardano. I really don't understand the value of owning these domain names. Maybe it won't be until Web3 is really popular that we will have full information about their utility.

Domain name speculation on Cardano is also a good idea, similar to what happened on Ethereum. I'm not too sure about the cns project's own token, I wouldn't be surprised if it soon releases CNS tokens to be used as transaction fees on the platform. As Cardano grows and the demand for owning .ada domains increases, it could be a potential financial instrument and worthy of investment as ENS token.

(https://www.tradingview.com/x/rI4Jc8Kg/)
Title: Re: Empowered by CNS Fully Decentralized Name Registry - Cardano Naming Service
Post by: electronicash on February 12, 2024, 08:19:52 PM

the internet grows fast since the time that i learn about it.  the crypto industry started just 2009 but look how far it had gotten already.  it will be useful one day to have those domain. during the time when internet was just new, people were registering domain names too.

now those 3-4 letter domains cost premium that one would have to pay top dollar if they wanted to own.  how much do you think Elon bought the domain X.com?
Title: Re: Empowered by CNS Fully Decentralized Name Registry - Cardano Naming Service
Post by: KryptoBull on February 12, 2024, 10:10:28 PM
Quote from: electronicash on February 09, 2024, 08:30:59 PM
i heard this Cardano Naming Service a week ago from an influencer and i thought i could use it to register some accounts. i have no idea how much is the fees actually but i would be willing to pay some ADA for registering some unique names.
As far as I know, domain names will have great value in the Web3 era, when we use domains to interact with dapps easily, in addition they can be bought by large companies at very high price.

Some .eth domains have been traded for hundreds of ETH[1]. This profit is really attractive and worth a try, especially when the cost of creating a domain is not too expensive.

I think Cardano will gain more users thanks to this service. It helps investors in the Cardano ecosystem have another opportunity and expectation.
References:
[1] ENS: Let’s Talk Money (https://web3domains.com/ens-lets-talk-money/)
Title: Re: Empowered by CNS Fully Decentralized Name Registry - Cardano Naming Service
Post by: electronicash on February 13, 2024, 07:33:12 PM

Quote from: KryptoBull on February 12, 2024, 10:10:28 PM
Quote from: electronicash on February 09, 2024, 08:30:59 PM
i heard this Cardano Naming Service a week ago from an influencer and i thought i could use it to register some accounts. i have no idea how much is the fees actually but i would be willing to pay some ADA for registering some unique names.
As far as I know, domain names will have great value in the Web3 era, when we use domains to interact with dapps easily, in addition they can be bought by large companies at very high price.

Some .eth domains have been traded for hundreds of ETH[1]. This profit is really attractive and worth a try, especially when the cost of creating a domain is not too expensive.

I think Cardano will gain more users thanks to this service. It helps investors in the Cardano ecosystem have another opportunity and expectation.
References:
[1] ENS: Let’s Talk Money (https://web3domains.com/ens-lets-talk-money/)

if you are the first to have bought those domains, its going to be a huge profit considering the price for registering is just few ADA.   i have some domains ready to register but i suspect there are users who got early access to the naming service which if we are going to try some of the big names, they may have been taken already as reserved.

Amazon.ETH eventually was offered  for $1M, it wouldn't surprised me if it was Jeff Bezos who wanted to buy the domain. the owner username is 4761BF.