I continue to believe that despite the volume of scammers in crypto there is real value and important capability in this technology. Ethereum Name Service (ENS) is a key component of that and these three highlights stood out to me in ENS DAO Newsletter #70, Sept 24 2024

ENS Domains Now Supported on PayPal and Venmo…

ENS is now integrated with PayPal and Venmo, allowing users to simplify crypto transfers by entering their ENS name. This feature eliminates the need for copying long wallet addresses and enables secure, user-friendly transactions. An Address Book feature also allows users to save and recall frequently used ENS names and wallet addresses for faster transfers. This service is currently available in the U.S.

Eth.Link Operating Again…

The eth.link gateway is now officially powered by eth.limo, reviving its role as a key ENS gateway for decentralized websites.

POAP Providing Free ENS…

The latest release of the POAP Home app includes a feature allowing collectors to claim a free ENS subname.

And how about these incredible August 2024 DAO financials:

  • Revenue > Cash Burn, Runway: 140 months
  • Revenue: $1.9M (vs. $2.4M last month)
  • Cash Inflow: $1M (vs. $1M last month)
  • Normalized Cash Burn: $0.8M
  • Reserves: $113M (ETH: 101M, USDC: 12M)
  • Total Endowment: $79.7M
  • P&L: -$15.7M (ETH mark-to-market)

All powered as an operating DAO.