ENS: Blockchain Native Organization
The section from the ENS DAO February 13th update impressed me.
In January 2024, the ENS Protocol registered 39.8k new .eth domains, bringing the total to 2.1 million. The protocol generated revenue of $1.3 million during this period, all of which was allocated to the ENS DAO. The number of Ethereum account holders with at least one ENS name increased by 33.9k, totaling 818k. There were 31.7k primary ENS names set, making the overall count 737k. Additionally, 8k new avatar records were created, reaching a cumulative total of 149k.
Ethereum Name Service is doing an amazing job showing how a crypto service can work. This is a $15.6M run rate driven completely off the protocol. That all goes into the DAO with a robust governance structure. As an ENS token holder I can vote in the DAO, or delegate to others.
They are creating the blueprint for how you can create a blockchain native organization.