Web3 profiles mostly consist of a username (ENS name) and potentially a pfp NFT. But your name matters far more than your pfp: - Your name shows up everywhere ENS is integrated (which is any major web3 app) - Pfp NFTs donβt show up by default and when they do, itβs often via your ENS profile - Your ENS name has much more utility: identity, payments, websites. - Your ENS name even links the other components of your web3 profile like pfp, bio, email etc. Now compare floor prices of the most popular pfp collections to those of, for example, 3- or 4-digit ENS names Thereβs no greater asymmetric opportunity right now
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ENS
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For the last couple days, daily ENS user growth has been over 3k with gas prices falling below 10 gwei The inverse correlation between ENS growth and Ethereum gas prices is awfully strong (lower graph shows average daily gwei)
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