Sparking concern among the blockchain community and investors at large, over the past week, crypto markets have experienced significant volatility, according to Gould ion an interview with Cointelegraph on Wednesday. A dramatic move considering the asset traded near $60,000 earlier in May, based on TradingView data,Bitcoin plunged down near the $30,000 price point.
“However, blockchain domain names are being registered at unprecedented speeds with no signs of slowing down,” Gould said, adding:
“Domain names registered on the Ethereum blockchain have grown by nearly 25,000 over the past week to 817,000 on Unstoppable Domains. The current registration rate is on pace for >500% YoY growth, even during this past week’s selloff. Growth of usage of blockchain apps continues even in the face of declines in crypto speculation, showing that when you look at the space as a whole, optimism is ever-present.”
Unstoppable Domains gives folks the opportunity to acquire and control a given domain name with the .crypto extension, storable via a nonfungible token, or NFT. This differs from current standard centralized methods of website ownership, which domain providers control.