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The ENS digital domain name has become a tradable asset again, which is quite interesting.
Last time it was FractonX that fragmented them into fractionalized NFTs. But this time the new protocol gameplay is different - it runs on a flywheel model and doesn't buy out the ENS itself.
Both aim to make digital domain names flow, but the paths are completely different. One involves splitting ownership, while the other focuses on building a circular mechanism.
The design concept of this protocol is good, but being able to run it smoothly is the key; we shall see.
Another liquidity solution; it feels like Web3 keeps recycling these few ideas in different forms.
I like that it doesn't buy out ENS itself, which saves us from a bunch of copyright disputes.
What happened to that fragmentation approach in the end? I forgot. This time, how far it can go depends on the adoption rate.
This ENS thing has been tossed around for so long, I just want to see who can actually produce something real.
The logic here is clear, but the key is how many people can be attracted to the market.
To put it bluntly, it still boils down to liquidity; without real volume, everything is in vain.
The protocol design is indeed innovative, but the real test is its implementation.
Not buying it outright is actually easier; I'm already tired of that fragmented trap.