How precious is your ENS to you? Well, to The Sandbox, maybe not that important because the metaverse platform let their ENS expire. Now, someone else owns the sand.eth.
What Happened to The Sandbox’s ENS?
On a Twitter post, an account named 065.eth (@address_eth) who sells ENS domains on OpenSea said someone bought sand.eth 7 months ago for 4.9 ETH. Then the person let it expire and someone registered now for a 6.4 ETH premium.
Later on, the Web3 community found out it was The Sandbox who initially bought the ENS for around $21,000 at that time of transaction. Now, it doesn’t have its ENS anymore.
What Are ENS Domains and Why Are They Important?
The Ethereum Name Service is a “distributed, open, and extensible naming system based on the Ethereum blockchain”. Basically, an ENS allows users to make simple and memorable names for their wallet addresses and…