ENS Domain Airdrops

A story about how crypto holders received unexpected windfalls through "airdrops" of valuable tokens.

"An airdrop is this amazing thing in crypto where you just wake up and there's thousands of dollars in your wallet that you didn't have the day before.

Yesterday, anybody who owned a .ens (Ethereum Name Service) domain received tokens. When I did my crypto week, I wanted to have my namespace on the blockchain in the Ethereum world, so I created a .ens domain. I paid about $100-200 in gas fees to get my name, and that paid off with a $4,000 airdrop. I only have one domain, but I have friends that have like 100 of these names - they made $50,000-$100,000 yesterday.

The organization behind this created their own token that will be used to vote on how the system works. It's like ICANN in the regular domain world, except it's decentralized - everybody who owns a name gets to vote with their tokens. Nobody's really going to care about the voting - they just want the free money.

This happens all the time in the crypto world. Like with Bored Apes - if you had a Bored Ape, they airdropped you this potion that could turn it into a mutant. The cheapest one is worth about $150,000 now, so people were basically getting a free $10-20,000 item airdropped to them by the organization."