After its decentralized autonomous organisation (DAO) approved a $300,000.00 settlement, the Ethereum Name Service (ENS), developer will end its legal dispute over the eth.link with Manifold Finance.
The DAO voteThis agreement was approved by an overwhelming 88% of respondents. This settlement is ENS Labs ceasing their lawsuit and paying Manifold Finance $300,000 in compensation while retaining rights to the domain.
Additionally, 84% of voters supported the settlement for a reimbursement of $750,000 to cover ENS Labs legal fees.
The agreement ends an 18-month legal battle which began when ENS Labs sued Manifold along with domain registrars GoDaddy, Dynadot and others in Arizona District Court. The court ruled ENS Labs was awarded an injunction to prevent the transfer of ownership of the eth.link Domain.
ENS Founder Nick Johnson speaks in a public forum post On the ENS DAO website dated February 13, it was detailed that Manifold demanded $300,000. They also imposed confidentiality and non-disparagement provisions. Manifold, in exchange, offered to settle all disputes. This would result in the dismissal of the lawsuit and allow ENS Labs retain ownership of the eth.link.
Ethereum Name Service (ENS) assigns human-readable addresses to Ethereum wallets, which can be lengthy and complex.
The eth.link domain plays a vital role as a bridge, allowing ENS domains—which are not recognized by the conventional Domain Name System (DNS)—to be accessible through traditional web browsers. EthDNS, EthLink and other functionalities allow standard internet protocols access to blockchain-based data. They also facilitate the resolution of domains ending in.eth within traditional web browsers.
By adding.links to ENS domains, users will be able to access content via the DNS system, making ENS domains similar to standard internet addresses.
The dispute over the eth.link expired domain in July 2022. Virgil Griffith was unable renew the domain due to his financial situation. imprisonment You are being punished for attempting to help North Korea escape sanctions.
GoDaddy, where the domain eth.link had been registered initially, let it expire. This led Manifold, to purchase it at an auction held on Dynadot, in September 2022.
ENS Labs then took action. legal action After the defendants missed the court hearing, we filed a lawsuit against them and obtained a court order stopping the domain transfer.
After a long legal battle, Arizona District Judge John Tuchi ruled that Dynadot must unlock eth.link so that ENS can transfer ownership. In the wake of this, ENS has reconciled with GoDaddy and partnered To offer.eth ENS holders the option of linking their domains with other traditional domains free of charge.
Nick Johnson, meanwhile, has expressed concern over Unstoppable Domains’ patent applications relating to blockchain domain names.
Johnson, in an open letter dated November of last year, accused Unstoppable Domains (ENS) of leveraging ENS’s open-source software.source ENS’s ethos of openness and innovation is contradicted by the development of patents for these companies.
He pointed out that a specific patent awarded to Unstoppable is based upon ENS’s innovation without introducing a new concept, signaling the ongoing debates surrounding the propriety of and innovation within the blockchain domain.
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Source: crypto.news