Ethereum Name Service (ENS) has grown to be quite a popular niche in the NFT space, with the 000.eth domain name selling for 300 ETH or roughly $315,000 on 3rd July. Many prominent entrepreneurs, including Ethereum co-founder Vitalik Buterin, Coinbase’s Brian Armstrong, Reddit co-founder Alexis Ohanian, and Shopify (NYSE:SHOP) CEO Tobias Lütke have added the “.eth” extension to their names. Popular A-listers like Snoop Dogg, Jimmy Fallon, and Paris Hilton have also jumped on the Web3 identity bandwagon.
That being said, an NFT collector lost over $150,000 worth of ETH after a so-called “joke” bid on an ENS name was accepted. On Tuesday, the pseudonymous collector called Franklin registered the ENS name stop-doing-fake-bids-its-honestly-lame-my-guy.eth with an alternate Ethereum wallet. He then placed a bid of 100 WETH (Wrapped Ethereum) on the said name from his main wallet.
