INTRODUCTION
The PRICE of a $1m (£824,790) purchase bid for amazon.eth in july 2022, has sparked a surge of interest in ENS domain names. With the likes of Jimmy Fallon and Ethereum co-founder Vitalik Buterin already on board, many are eager to follow in their footsteps and register their own .eth domain.its an available service in the etherum blockchain from early 2018-2020.
Following the Amazon.eth bid, ENS domains have been trending on Twitter, with many predicting that the .eth suffix could appreciate in value in the same way that .com domain names did in the early days of the internet. Some even see ENS domains as the new affordable NFTs, with the potential to be as lucrative as buying a CryptoPunks in 2018.
If you're interested in setting up your own .eth domain name using Ethereum Name Service (ENS), this article provides a step-by-step guide. However, before you begin, Inoue has two tips to keep in mind. Firstly, register for multiple years to avoid paying gas to renew every year and to prevent forgetting to renew altogether. Secondly, always ensure you have more than enough ether in your wallet, as the ether gas price may fluctuate, even if the website states a fixed price.
1. Create a MetaMask wallet:
MetaMask offers more than just an Ethereum browser and an Ether wallet. It has the capability to store other cryptocurrencies and NFTs from different blockchains, including the Binance Smart Chain and the Kucoin Community Chain.
You can easily install the MetaMask wallet add-on on your mobile device or computer by using Chrome, Firefox, or Opera browsers.
To download the MetaMask wallet add-on, simply click the "add to Chrome," "add to Firefox," or "add to Opera" button, depending on your preferred browser.After installing, click on the MetaMask icon on the top right corner of the Google Chrome browser.
After installing, click on the MetaMask icon on the top right corner of the Google Chrome browser.
2.create a metamusk password:
Metamask will ask you to enter a password, confirm the password, and then click 'create' for a new Ethereum account.
Your new Ethereum (USD-ETH) address on your MetaMask wallet will be used to send ether from exchanges or dexs (decentralized exchanges) to purchase your .eth name and it will also be the digital wallet address that will be linked to your .eth name.
This account allows users to send and receive cryptocurrencies, it also allows you to store NFTs, such as a .eth domain name.
An ENS Domain, the Ethereum Name Service, is a distributed blockchain-based naming system based on the Ethereum network.
You will use the ENS Domain register to facilitate the creation of your Ethereum name (.eth).
3.fund your wallet
In order to add ether to your MetaMask wallet and pay for the registration fee and gas fees for your .eth name, you will first need to set up a exchange account.
To do this, you must be at least 18 years old and have a government-issued photo ID to provide as proof of identity. You will also need a computer or smartphone with internet access.
4.Send ether to your MetaMask wallet:
To send your ethereum from exchange to your MetaMask wallet you will be asked to input a receiving address in exchange, at this point you must enter your MetMask wallet address.
You’re MetaMask address can be found by clicking on the three little black dots within your MetaMask plugin on Chrome, and by clicking on 'Copy Address to clipboard'.
Paste this address into the 'receive funds' input in your exchange account and send over an amount to the value of $35.
5. Log into ENS Manager:
In your browser, go to manager.ens.domains. This website will ask if it can connect to MetaMask, to allow this you must enter your MetaMask password.
6. Search for your prefered .eth name:
Type into the 'Search names' field the .ETH name you’d like to migrate (including the '.ETH' ending), and click the 'Search' button.
If the name is already registered by someone else, you will see a page with information about the name’s ENS records and you may have to go onto a secondary market such as OpenSea to purchase the name.
7.Register your .eth name for a time period:
If the name is available, you will be asked how long you’d like to register the name, one year will cost approximately $5 worth of ether.
When you have selected the time scale you can then Click the blue 'Request To Register' button on the bottom right of the screen.
A box should pop up from MetaMask asking you to confirm the transaction, click the 'Confirm' button to confirm it.You will then see your transaction asking to be confirmed on your MetaMask wallet, showing the amount for your name registration, and the cost of the gas fees to settle the transaction.This process should take less than one minute, a green bar in the middle of the screen will slowly advance across the screen to show that time is passing.
8.Final register and confirm the transaction on MetaMask
You will then see orange text stating, 'Click register to move to the 3rd step', click the blue button next to this statement that says 'Register'.
This will cause another MetaM––ask box to pop up, asking you to confirm another transaction that will finalise your name and pay your registration fee.
Click the 'Confirm; button and once the transaction is confirmed, your name is registered!
You now follow in the footsteps of talk show host Jimmy Fallon, Ethereum co-founder Vitalik Buterin and brands such as Budweiser (BUD) and Puma any many high brands, with your new .ETH domain name.
