Ethereum Name Service community approves eth.link settlement

ENS plans to pay auction bidder $300,000 to settle dispute.

Logo for Ethereum Name Service
Short numeric .eth domains are hot right now.

The results are in, and the Ethereum Name Services (ENS) DAO has overwhelmingly authorized ENS Labs to settle a dispute over eth .link.

88% of the voting power approved paying $300,000 to Manifold Finance, which won eth .link at auction.

62% also authorized settling at an amount lower than that. (I believe the thinking was that the lower amount would be considered if the community didn’t approve the full $300,000).

84% approved reimbursing ENS Labs for its litigation expenses, which have totaled about $750,000.

Only 11% voted to continue litigation.

Now, ENS will need to paper a settlement with Manifold before dropping the case filed against GoDaddy and Dynadot. Manifold will be in a strong position to get the terms it wants, given that the DAO publicly opposed continuing litigation.

Post link: Ethereum Name Service community approves eth.link settlement

© DomainNameWire.com 2024. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Back to top button