🚀ENS Labs is shaking things up! They're proposing an expansion of the Ethereum Name Service to Layer-2 protocols, aiming to reimagine the architecture from the ground up. This isn't just a migration, it's a revolution!🔧

• More accessible and cheaper ENS? Yes, please!

• Lower gas fees for .eth name registration and renewal? Sign us up!

• Improved multi-chain interoperability? We're all in!

The goal is to make ENS more decentralized, enable new use cases, and overcome Ethereum mainnet constraints.

ENS Labs is yet to pick a specific Layer-2 network for the move, but the release of EIP-4844 has made Ethereum-based Layer-2 networks more affordable and scalable, a major push for the proposal.

They're requesting a budget increase from the ENS DAO to hire more devs and cover infrastructure costs.

What do you think about this move? Let's discuss in the comments!👇 #ENSv2 #Layer2 #Web3 #DeFi #DAO