Is the 10k club floor going to fall?

Read on to find out!

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intro

GM!

  • Been a much slower week this week; after last week’s DAO craziness.

  • Only significant/large sales were for the 999 club

  • But obviously, the drama around the ENS DAO and taking names for ENS Fairy is all that’s being talked about on Twitter.

  • Jack Butcher bought checkmarks.eth for 0.09eth, awesome pickup!

  • He’s a big holder of ENS domains, including the 10k club. We’ll write more about him in the next edition.

  • DYOR.eth donated turkish.eth to a charity’s wallet raising funds via crypto for the earthquake disaster. You love to see it!!

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ens-this-week

Will the 10k club drop below 1eth before April?

The big discussion lately has been around the 10k and whether prices will drop due to many renewals coming up in April. Quick background:

• Last April was when most of the 10k club minted out in the same week

• Most were paid up for 1 year, meaning renewals are due this April

• 4 character renewals are $160

So the question becomes, how many holders will want to sell to avoid paying the renewal fee?

Yes, they have a 90-day grace period and could renew at $13 per month instead. But even with those, it’s reasonable to question how many holders will want to sell rather than pay the fee.

And then you worry about the game theory of this; even if the renewal fees aren’t an issue for you, maybe you’ll believe that it is for many others. And therefore think the price will drop, and therefore sell yours now before that price drop occurs.

Valuable long term?

We here at ENS HQ believe that the 999 and 10k clubs will be here long-term and will likely be much more valuable in the future than they are today.

But short term, a decent price drop is not out of the question.

If you’re a short-term holder, this could be bad. But if you’re in this for the long term, this could be a great buying opportunity!

Whichever way you come down on this, it points to a key point for ENS holders;

What should you do?

You MUST account for renewals in your investment decision with these domains. This is a marathon, not a sprint. Be prepared to hold your quality names for at least a few years.

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Featured domain
  • 549,000 people use this name, one of the top 2k in the world

  • 184,000 search results on LinkedIn

  • Is a first name, which is the best for status

  • A great name at a great price!

  • Go buy it on ENS.Vision!

1eth

More ENS domain deals

  • lat.eth - 0.44eth

  • btcminer - 0.15eth

  • 🍞🍞🍞.eth - 0.69

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top tweets

Make sure you’re checking the ENS HQ website every day for the best tweets!

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Fry.eth is the community member of the week!

  • Provides great memes which help gain exposure for ENS. Protocols such as ENS can be complex, so using memes can be a great way to simplify ENS (including the meme at the bottom of this newsletter)

  • Onboards users directly, such as cig.eth, this week. Fry does a great job reaching out to people to peak their interest in ENS

  • Is a great advocate for 3Ls and the Pokemon Trainer Dao, two ENS collections

  • Overall, an important piece of the ENS community and a smart Twitter follow

Check out his Twitter page here: @notfrydoteth

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nft-of-the-week

Mission Ape-Possible by Jonathan Nash

  • Fantastic visual representation of the issue of thieves stealing people’s NFTs from their wallets

  • Jonathan is an amazing 3d artist, who has created many unique pieces in a similar style to this one, including many 1/1’s that sold for $10s of thousands of dollars

  • Was an edition of 30 created back during the NFT bull run

  • Had a really fun secret giveaway, where the seed phrase shown quickly actually had this NFT in it, which someone found and got to keep

  • Only 2 of the 30 of these are for sale, with the cheapest being 1.28eth

  • Check it out on Opensea

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meme-of-the-week

from: fry.eth (@notfrydoteth)

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podcast

Episode 10: Community vs ENS DAO

  • Evan and TJ go in-depth into the controversy surrounding the ENS DAO’s plan to purchase certain names off expiry

  • They discuss all angles of what this decision means and how it could be a slippery slope to the DAO having to make political decisions that will become extremely controversial and alienate many people

  • They give the DAO and its leaders respect and attempt to steelman their views and agree that they are coming at this decision from the same place; wanting to help ENS grow and go mainstream

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  • Best daily crypto newsletter out there

  • Great way to keep up with the biggest stories of the day in less than 5 minutes

  • In depth breakdowns of complicated topics

  • Always my first newsletter to read each morning, can’t recommend it highly enough! -TJ

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For you newbies who want to learn what all the hype with ENS is about but don't know where to start, check out our free Intro to ENS course on Gumroad.

If you liked this newsletter, you’ll also like my friends:
  • BivNFT - Twice weekly NFT market recap

PS. If you want a chance to have your domain featured in this newsletter, respond to this email with your BEST (only one) domain at the absolute lowest price you'd let it go. The more reasonable the price, the higher likelihood we'll feature it. If it needs an explanation of why it's valuable, write no more than three bullet points as to why it's valuable.