ENS domains for three and four-digit numbers still command higher costs on the secondary market. Demand for low-number ENS names is reaching euphoric levels. Three-digit Ethereum Name Service domains, of which only 999 can ever exist, are currently mercantilism for upwards of fifteen ETH as collectors rush to secure rare examples. At constant time, four-digit ENS names are frequently selling for upwards of 1.5 ETH, around $4,000 at the present value of Ethereum.
ENS Domains – Read friendly substitutes
Ethereum Name Service lets anyone with a Web3 pocketbook, and a few ETH mint NFTs represent unique domains on the Ethereum blockchain. ENS domains are often read-friendly substitutes for the unwieldy addresses allotted to Ethereum wallets. Rare domains will command high prices. Last August, production company Anheuser-Busch, house owners of the Budweiser brand, bought the ENS domain beer for thirty ETH, or $94,410 at the time.
Of the three and four-digit ENS domains, lower numbers or domains with repetition digits are valued additionally highly. One NFT collector going by MrWhiplash_eth on Twitter recently bought the domain 008.eth for fifty ETH.
Limited supply ENS
While these rare ENS names might hold value to collectors or maybe realize use by businesses and firms in the future, examining their current value to its existing “.com” domains implies mercantilism at a major premium.
For example, pc.domain estimates the worth of 008.com to be simply $4,636, whereas 008.co.uk will be bought for as little as $1,957, in keeping with a domain registrar and net hosting company GoDaddy.
Having noticed the demand, alternative collectors have started speculating on other ENS domain formats with a finite supply. Twitter user xkiranj recently posted a thread highlighting the 365 “Ethereum dates” corresponding to “Jul 16.eth” as AN example of limited-supply ENS names that stand to learn from the recent surge of interest. Except, for now, it looks like three and four-digit domains are wherever most collectors are putting their bets.
Source: https://www.thecoinrepublic.com/2022/05/06/nft-enthusiasts-are-betting-big-on-ens-mania/