ibag.eth | 747.eth@InflatableBag
Why did I buy another 3 digit ENS? It's been an outright embarrassing week (actually a few years) for the ENS DAO. They are looking to increase prices on 5 character domains when they've spent years disparaging holders/collectors as "squatters" and making core protocol decisions around punishing squatters and domain price hikes instead of user adoption. This has led to adoption falling off a cliff over the past 6 months and sentiment being as low as I've ever seen. Most believers are just jaded against the dao, and the dao refuses to confront it's believers telling them how poorly they're doing
I've been through enough cycles to see a bottom, especially when you can't envision things getting better ever again. We are here. Right now. The dao continues to goof off with proposals about price increases and eliminating grace period which are two things the community has never asked for. It shows the daos intentions are for dao sustainability, and not PMF and adoption of good technology. Which is idiotic bc, the tech is exactly what this world is on the precipice of needing. The agentic economy is just starting to move its first mile, and the domain space (and much more) of the agentic economy will become ENS. This is why the core aim of the dao should be around adoption. Incentivize and value holders to get the flywheel moving on good technology.
So why did I buy this domain? Well it's simple, it's one of the few NFTs with legitimate utility and quantifiable scarcity. It's the shortest domain size (3 character), using digits (the only characters that are on every keyboard and the same in every language globally), with a max supply of 1000. Plus palindromes make for some of the easiest domains to remember; they're the same both forward and backwards.
Please read @VitalikButerin tweets or literature on 3 and 4 character ENS domains and his judgement on their value (spoiler: he thinks they'll become some of the most valuable real estate on Ethereum)
And the fact that 242.eth previously sold for over 45 eth...yes I'll take my chances here at this price point
"Buy when there is blood in the streets". Well I see a lot of blood (via both price and sentiment). See you guys back at 7.5 eth floor...which we had 9 months ago.
@ENS999club
