Monat: April 2022

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Top places to buy ENS, which added almost a quarter to its value

After posting historical daily sales of ENS domains on OpenSea, the Ethereum Name Service coin added more than 20% to its value. 

This brief guide has everything you need to know about the ENS network and coin, including whether and where to buy ENS if you choose.

Top places to buy ENS now

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What is ENS?

Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses into machine-readable alphanumeric codes.

The reverse conversion — associating metadata and machine-readable addresses with human-readable Ethereum addresses — is also possible.

The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans, similar to how the Internet’s Domain Name Service makes the internet more accessible. 

Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. 

Should I buy ENS today?

ENS can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

ENS price prediction

Price Prediction forecasts a maximum level of $24.21 for ENS this year with the average price of $21. It will trade for at least $29.51 in 2023, in which year it can go up to $35.40. 

The analyst predicts upward trajectory in 2024 as well. 1 ENS will be worth at least $42. It can reach $51.44 with the average price of $43.

ENS on social media

The post Top places to buy ENS, which added almost a quarter to its value appeared first on Coin Journal.

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Founders Fund, Pantera co-lead $20M investment in Ondo Finance

Ondo Finance, a crypto startup that seeks to build a decentralised investment bank as well as offer customised financial products to both institutional and retail investors, has secured $20 million in its Series A funding round.

The funding was co-led by Founders Fund, a venture capital firm founded by Peter Thiel and Pantera Capital, a blockchain-focused institutional asset manager. Coinbase Ventures, GoldenTree, Tiger Global, Wintermute, Flow Traders, and Steel Perlot joined the round as strategic investors, Ondo Finance noted in a press release.

In August 2021, Ondo announced a $4 million seed round led by Pantera Capital.

Ondo Finance eyes more DeFi products

The startup will use the funds to build its team as part of broader plans to accelerate the adoption of decentralized finance (DeFi) within the mainstream investment sector.

As well, the firm wants to launch new products and enhance its suite of existing product offerings, including decentralised structured products and Liquidity-as-a-Service offering.

“Vaults”, which are bundles of DeFi products tempered with different risk levels and through which investors get to hedge against downside risks, have become very popular. Ondo wants to provide more products and access.

“We’ve been delighted to see the demand for Ondo’s community vaults and Liquidity-as-a-Service offerings, which have really been a simple MVP with no liquidity mining or other incentives from us“, said Nathan Allman, the startup’s founder and CEO.

He added that the team is eyeing new products that make it even easier for passive investors seeking exposure to DeFi yields. 

According to Allman, the new products will come with customised risk levels and will include vaults for algorithmic stablecoins and blockchains.

The post Founders Fund, Pantera co-lead $20M investment in Ondo Finance appeared first on Coin Journal.