The metaverse is Unbanked Newsletter For a weekly level up on the NFT and on-chain frontier
Dear unbanked nations,
With over 20 million customers on over 84 million domains, GoDaddy is the world’s largest Internet domain registrar.
That’s why the newly announced partnership between GoDaddy and Ethereum Name Service: exorbitant News.
Now you can associate your GoDaddy website with an ENS address to use your existing domain as a cryptocurrency wallet and leverage any project that supports ENS.
In today’s post, we’ll take a closer look at the basics of partnerships, how they work, and the big picture!
-WMP
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GoDaddy 101: GoDaddy It offers a suite of popular Internet services including domain registration, web hosting, website builder tools, and more. We serve all types of customers, from beginners starting their own site to advanced users looking for sophisticated domain management resources.
ENS refresher training: Ens A blockchain-based domain service that converts alphanumeric cryptographic addresses into human-readable names, and operates similarly to the traditional web’s Domain Name System (DNS), except for Ethereum. Even if it is registered as an NFT on Ethereum, the ENS name is Address storage in various blockchainsFacilitating easier transactions across the cryptocurrency economy.
new partnership: Announced on February 5th GoDaddy and ENS Collaborate GoDaddy’s extensive customer base can easily connect their cryptocurrency wallets to their existing domains through ENS. So users can now seamlessly manage their existing domain names along with their associated ENS names within a single, easy-to-use platform.
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How it Works: This new collaboration is ENS’ new Gasless DNSSEC updates.
integrated DNS domain with ENS name Recording Domain Name System Security Extension (DNSSEC) proofs on the blockchain has historically been expensive due to the high Ethereum gas fees required. Introduction of Gasless DNSSEC Read CCIP (EIP-3668) The standards are: Nick Johnsonactivate off-chain Verify DNS records without blockchain transactions.
This system was established by the Ministry of Environment Ens DaoEnabling new smart contracts for on-demand verification at the DNS top-level domain (TLD) level removes financial barriers for domain owners wanting to connect their domains to the ENS ecosystem.
translation? You can now associate your DNS name with your ENS name for free!
Why is it important?: GoDaddy’s partnership with ENS represents an important milestone in the mainstream adoption of blockchain technology and greatly simplifies the user experience for people and businesses interested in domain management and cryptocurrency trading.
Previously, associating a DNS domain with an ENS name was a manual process and required ETH for the transaction. Now this process is free and streamlined into a simple flow with just a few clicks on the GoDaddy platform.
This integration therefore means that traditional domain names can now simultaneously serve dual purpose as gateways to both the traditional web and the cryptocurrency economy.
For example, artists who host their work on a GoDaddy-powered website can seamlessly integrate with ENS to take advantage of ENS-friendly services and drive NFT sales directly through the site. For example, ETH payments are sent directly to your domain name. This approach can bypass traditional marketplace fees and foster closer relationships between creators and audiences.
To get started: If you have a GoDaddy domain and want to connect it to a cryptocurrency wallet through ENS. GoDaddy Domain Portfolio Dashboard Then follow these steps:
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🖱 Access your domain settings — Select the domain you want to associate with your ENS name from the domain portfolio and click on it to go to the domain settings page.
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🪙 Go to “Cryptocurrency Wallet” — In Settings, find and select the “DNS” option. Then click on the “Cryptocurrency Wallet” tab.
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🌐 Enable DNSSEC — In the ‘Step 1’ section of the interface, you will see an option to ‘Turn on’ DNSSEC, select it.
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👛 Add Wallet — In the “Step 2” section, enter the wallet address of the ENS name you want to connect. Click “Link” to complete the connection between your GoDaddy domain and your ENS name. It may take 1 to 48 hours to take effect globally.
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📑Edit — If you need to update your wallet address in the future, you can change your wallet address at any time by selecting “Edit History” after connecting your domain.
conclusion: The integration of GoDaddy and ENS realizes and symbolizes the connection between web2 and web3, two different eras of the Internet.
big picture: By allowing DNS names to be imported into ENS for free, this initiative puts ENS on the map of the traditional domain world and sets the stage for a future where ENS will be a fundamental component of the Internet infrastructure. ENS allows you to easily connect your web2 domain to web3, helping introduce millions of dollars to the cryptocurrency economy and integrate more decentralized applications into your everyday online experience!
William M. Feaster is the creator of metaverse—A bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He also serves as a senior writer for the Bankless newsletter.
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It is not financial or tax advice. This newsletter is strictly educational and does not constitute investment advice, a solicitation to buy or sell any asset, or a solicitation to make any financial decisions. This newsletter does not constitute tax advice. Consult your accountant. Do your own research.
expose. Occasionally I may add links to products I use in this newsletter. If you purchase through one of these links I may receive a commission. Bankless authors also hold cryptocurrency assets. see us Investment disclosure here.
