The Ethereum Name Service (ENS) decentralized autonomous organization (DAO) and Manifold Finance have reached a $300,000 settlement, thereby resolving the long-running dispute over who owns the eth.link domain.
Approximately 88% of DAO members voted in favor of the settlement conditions on February 26. By signing this agreement, ENS Labs is able to keep ownership of the domain and discontinue its legal action against Manifold. Furthermore, 84% of voters favored paying $750,000 to ENS Labs to reimburse them for their legal fees.
With this settlement, the 18-month-long legal dispute between ENS Labs and the domain registrars GoDaddy and Dynadot has come to an end. The lawsuit was filed in an Arizona District Court against Manifold. A court injunction that prevented the domain from being transferred out of ENS Labs’ control had already been acquired.
In a post on the ENS DAO forum on February 13, ENS founder Nick Johnson stated that Manifold had suggested settlement terms that called for $300,000 from ENS Labs in addition to secrecy and a prohibition on making disparaging remarks.
ENS makes it easier for browsers to find IP addresses by converting domain names into addresses, much like the conventional DNS but on the blockchain. ENS utilizes the eth.link domain to enable.eth ENS-based domains because the two systems are incompatible.
The domain eth.link was registered with GoDaddy, who allowed it to expire. In September 2022, Manifold purchased the name at auction on Dynadot.
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