ChatGPT Domain Sold for 6ETH, ENS Benefits from The AI Season

Key Points:Ethereum name service [ENS], while not an AI token, joined ChatGPT’s growing list of cryptocurrencies. According to the sales bot for OpenSea, the chatgpt.eth domain was sold on OpenSea at 6 ETH.
The ENS collection volume increased by 46%. Although the sale was significant, the surge showed that additional assets were being moved under the collection.
ENS received so many domain registrations that it added a quarter of a million domains in a matter of two months.
Although Ethereum Name Service [ENS] is not an AI token, it joined the list of cryptocurrencies that benefited by ChatGPT’s growth. According to OpenSea’s sales bot, the chatgpt.eth domain was sold for 6 Ethereum. LongDuck, who previously owned the domain, bought it for 0.043ETH. The asset’s market value was close to $10,000 at the time of publication. ENS’ collection volume grew 46% in the 24 hours following the sale. Although the sale had an impact, the surge showed that additional assets were being moved under the collection. ENS maintained its lead in domain sales rankings despite a 335% increase in volume from another collection. This deal increased ChatGPT’s influence on cryptocurrency markets. Tokens, for example, were accepted once the AI tool was widely used. Ai [FET], SingularityNET[AGIX] all saw significant value gains. This happened in the third quarter (Q3) 2022. According to Dune Analytics, the domain attention has increased month over month (MoM), but not since then. The number of domain registrations for February was 10,248 at the time of writing.But there is a chance that it could edge closer to the ones in December 2022 and January 2023, which was a slight difference.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.Join us to keep track of news: coincu.comAnnieCoincu NewsTags: AI SeasonChatGPTChatGPT DomainENSETHOpenSea