Are ENS Domains Valuable? 100% YES!!! Here’s Why.

Why are ENS domains valuable?

Yes, ENS domains are nfts that are valuable for several reasons that we will get to in a second. More importantly, like many other NFTs there value is derived from the marketplace, meaning their value comes from how much an individual is willing to pay for them.

This new .ETH domains have taken the world by storm and look revolutionized the digital asset space and even naming on true internet itself.

We could see an unlimited amount of uses cases, throughs social media, forums like reddits, videos games and many other venues where profile pictures and pseudonyms take place, which is almost everywhere now.

Why are Ens domains valuable: 5 reasons!

1. Scarcity:

This might be one of the biggest reasons for their value. Since all ENS domains are 1/1 meaning only one person can one any given ENS domains are quite scarce. This is amplified when a said .ETH name is particularly daughter after like funny.eth for example. Many people may want a certain ens domain but ultimate only 1 person can own it.

2. Utility:

Some people may think NFTs or ENS domains are not valuable because they are “useless”, which is not the case. In fact, ENS domains can be used for several purposes. You can use them as an IPFS website or even display them across social media platforms to show off your rare holding. Future implementations of these .ETH may be even bigger in video games.

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3.Decentralized:

ENS runs on the ethereum network. It is governed by a DAO, which stands for “decentralized autonomous organization”and it is available worldwide with virtually no restrictions. Much like how Bitcoin has intrinsic value from its decentralized nature the same can be said for ETH domains. The crypto space and its investors often put a premium on projects and assets that are truly decentralized. No one can take your ENS names away from you.

4. Priced in ETH:

Since these ENS domains are priced in ETH is makes them naturally valuable and correlated to Ethereum as an asset. This is indirectly but still in a way means that by holding these domains you are holding ETH that is if you manage to sell them for Ethereum down the line. These ETH names can be seen as a riskier, more leveraged play on ETH that could even yield higher returns as well. It is quite common to see returns of 100x on some of the rarer names, since can buy them for only a few dollars and sell them for thousands.

5. They’re just cool.

The fifth reason may sound hilarious but just like .com domains they’re popularity and use never stopped growing. Who wouldn’t want a super rare domain name? No one. The same can’t be said for what can be the next iteration of digital real estate on the internet. Let’s see what the future has in store for these decentralized .ETH names and it’s DAO. It’s future looks quite bright.

Conclusion:

If you were wondering why ENS domains are valuable and are ENS domains worth it, hopefully now you got your answer with the several key reasons listed above. Ultimately, these ENS domains are cool, catchy and very limited. As mentioned before, only 1 person on the entire planet can own any given domain at one time. So, as long as one other person wants it. Then the supply versus demand is like fine art. Very scarce unlike many other inflated assets. I do think these domains are the future and I also think they will eventually eat into and maybe even defeat the more traditional .com domains.