Manifold Finance Purchased The Domain For $850K Two Weeks Ago
Ethereum Name Service (ENS) has regained control of the eth.link domain, according to the projects Twitter account.
Nick Johnson, the founder of ENS, describes eth.link as a decentralized application (dapp) built on top of ENS which allows the internets Domain Name System (DNS) to access information stored in ENS. This allows users to create websites linked to their .eth addresses that can be viewed in standard browsers.
For example, vitalik.eth.link resolves to Ethereum co-founder Vitalik Buterins blog.
The domain was returned to ENS control after a U.S. court granted the company an injunction in its ongoing lawsuit against GoDaddy and Manifold Finance.
ENS Sues GoDaddy and Manifold Finance Over eth.link Sale
Domain Sold To Manifold Finance For $852,000
With the courts decision and outcomes users can now resume using eth.link without disruption, Johnson told The Defiant. These events further show the value of decentralization of digital identity and the risks associated with centralized entities having total ownership over individuals digital property.
ENS sued domain name registrar and hosting company GoDaddy on Sep. 5, alleging the unlawful sale of the eth.link domain name.
GoDaddy sold eth.link to Dynadot, another domain registrar, on Sep. 3. Dynadot then auctioned eth.link link to Manifold Finance, which offers middleware-based scaling solutions for DeFi protocols.
ENS named both Dynadot and Manifold as plaintiffs in its complaint.
Manifold has stated on Twitter that despite ENS announcement, the project doesnt actually possess eth.link. Rather, ENS has regained control of the account that controls eth.links records, according to Manifold. This implies that eth.link services have been restored, but possession of the domain itself remains in limbo.
ENS Johnson sees the fight for eth.link as part of a larger struggle for how digital property rights are established. This is a small battle in a larger movement for decentralized ownership across the internet, he said.