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ChatGPT’s ENS Domain Sells for 139X Initial Sale; Registrations Decline

admin, · Kategorien: Allgemein

• ChatGPT’s ENS domain sold for 139x of its initial sale, resulting in a 46% increase in 24-hour trading volume.
• The chatgpt.eth domain was bought for 6 ETH on OpenSea, with value close to $10,000 when compared to the market price of Ethereum.
• CoinMarketCap data revealed that ENS‘ token price picked up a 2.15% increase in the last 24 hours due to increased AI adoption and Microsoft’s actions.

ChatGPT’s ENS Domain Sale

ChatGPT’s Ethereum Name Service [ENS] domain sold for 139x of its initial sale, resulting in a 46% increase in 24-hour trading volume on the NFT marketplace. The chatgpt.eth domain was bought by LongDuck for 0.043 ETH and then sold by Ishmilly for 6 ETH (9,981 USD) on Opensea #ENS #Web3Names #EnsNames https://t.co/CBSEHnwZp1 pic.twitter.com/249hOwJVu7 — ENS Sales Bot 🤖 (@EnsSalesBot).

ENS Collection Volume

The collection volume of ENS rose significantly following the sale and this meant that there were other assets traded under it as well; leading to it remaining top of the domain sales standings despite a 335% volume increase from another collection according to Dune Analytics data which showed 10,248 registrations for February 2023 so far – slightly lower than December 2022 and January 2023 figures .

Impact of ChatGPT

The rise of ChatGPT has had an impact on the crypto space leading to Fetch [FET] and SingularityNET [AGIX] tokens recording tremendous value increases since its introduction; as well as an extra one million domains registered within two months during Q3 2022 according to OpenSea records .

CoinMarketCap Data Analysis

CoinMarketCap data showed that ENS‘ token price picked up a 2.15% increase in the last 24 hours along with 20.26% increase in trading volume within same period due to more tokens being transacted than day before regardless of profit or loss accrued; indicating increased AI adoption and Microsoft’s actions taking effect across crypto ecosystem .

How Much are 1, 10 & 100 ENS Worth?

It is currently unclear how much 1, 10 & 100 ENS are worth today as market prices can fluctuate rapidly making it difficult to ascertain exact figures .