Ethereum and its ecosystem continue to demonstrate the enormous potential of this network, this time it is Ethereum Name Services (ENS). The sovereign identity service is not only growing at the market level but also at the adoption level, demonstrating that the decentralized world is the future of the Internet.
Decentralized applications – dApps
📍Ethereum Name Services (ENS) is in the midst of one of its biggest gains since its launch. The popular sovereign identity service built on Ethereum has achieved the milestone of growing up to 86% in just one week. The reason is the growing adoption that has occurred within the ENS service.
ENS is the governance token of this decentralized ETH domain marketplace. The token has gone from a low of €14,1 a week ago to a high of €24,79. With this, it has thus registered a variation of 86% in just seven days. However, in the last few hours it has had a small correction that has taken it to €20,37.
This bullish behavior of the altcoin (ENS) suggests that the community is putting pressure on the purchase of .eth domain names. The aim of this is to increase the potential of attracting higher bids in the future.
Ethereum Name Services or ENS, is a distributed, open and extensible naming system based on the Ethereum blockchain. This system allows users to assign human-readable and easy-to-remember names to the large character strings of Ethereum addresses. It also applies to metadata, websites and addresses of other cryptocurrencies. All this in order to provide an identity for it, which is managed directly by the user.
📍DeSo continues to expand its capabilities and this time it does so with the arrival of Entre, a direct competitor of LinkedIn, which has been designed to take advantage of the full potential of Web 3.0.
Between, being a decentralized network, entrepreneurs can post jobs and hire more easily as well as hold their team meetings on the same platform. Creators can create their content and host live streams and events. That is, users are the ones who control their content and audience.
Entre is a Web 3.0 professional network, a LinkedIn competitor, launched on the decentralized social networking blockchain (DeSo). This professional network is designed to help people connect and work in the Web 3.0 world.
Enter, use the capabilities of Deso, a blockchain designed to create and scale decentralized social media applications with the capacity to serve up to one billion users. With that perspective, DeSo seeks to cultivate opportunities in the crypto world and demonstrate its capabilities to make high-demand decentralized social networks a reality.
Metaverses
📍The well-known Cryptovoxels project has decided to change its name to Voxels. The well-known metaverse built on the Ethereum blockchain has decided to change its brand to promote its new development. The idea of Voxel is to open a virtual world where players can buy and sell virtual properties and other NFTs. This in addition to customizing your avatar and carrying out constructions on your plot using a system very similar to well-known games such as Roblox or Minecraft.
Its developers have made public that the project is going to enter a stage of rapid development. With this they seek to expand their user base and offer unique functions to stand out from the competition that is fighting to conquer the blockchain metaverses.
According to the explanation of its founder Ben Nolan, the name Voxels is better in line with the goals of Web 3.0, while eliminating the prefix "crypto", which according to his perception can have a negative connotation in the minds of many users.
Cryptocurrency markets
📍The billionaire founder of Citadel Securities compares the value of cryptocurrencies to abstract art. Ken Griffin, the billionaire founder of Citadel Securities, believes that the value of cryptocurrencies and abstract art depends on the viewer.
Griffin, whose capital amounts to about $26.000 billion, has softened his stance on cryptocurrencies after taking a strong position against these digital assets.
In recent statements, everything suggests that Griffin could be considering cryptocurrencies as an investment and economic growth option. Although Griffin stressed that the company will take its time to conduct due diligence before making any official moves.
Although Griffin has generally maintained a fairly skeptical stance towards cryptocurrencies, he has stated that he sees blockchain as a “really interesting technology,” despite not seeing its value and argued that tokens based on Ethereum could one day replace BTC as the best in crypto, and that his company Citadel could soon be participating in the capital that currently drives the cryptocurrency market.
Continue reading: Leif Ferreira: «Bit2Me is that ship that helps people travel to the island of the decentralized world in a society of centralized services»
