Have you observed a considerable surge in domain sales within the last 60-90 days? At the onset of June, there was a significant decline, but it appears to have picked up. Amidst the outbreak of war and the collapse of stocks/cryptocurrencies, people were convinced that a severe recession was imminent. However, it seems that the panic has subsided. My sales in September were eight times more than that of June, and October is also looking promising (with a portfolio of over 5000+ domain names). I have reached out to several other domain name owners who seem to be experiencing similar progress. Have you noticed the same trend?

Within the last 24 hours, sales of .ens domains have reached a total of $1.2 million. This surge in sales is due to the increasing demand for rare three- and four-digit domains on the Ethereum network via OpenSea, which has seen a growth of almost 2,700% in domain sales.

The Ethereum Name Service (ENS) provides domain names for the Ethereum blockchain, with each domain ending in ".eth" and sold as a regular NFT. ENS is governed by a DAO, which uses management tokens to make collective decisions.

Recently, the ENS community has been discussing the potential cost of three- and four-digit domains, which are seen as the future for decentralized websites and a universal login for the entire Web3. Currently, ENS names are mainly used as an alternative to traditional Ethereum wallet addresses.

Many celebrities and public figures have also adopted ENS domains as their Twitter usernames, including Jimmy Fallon (fallon.eth), Paris Hilton (parishilton.eth), Coinbase CEO Brian Armstrong (barmstrong.eth), and Ethereum founder Vitalik Buterin (vitalik.eth).

As the minimum number of digits for an ENS name is three, the surge in sales for three- and four-digit domains is not surprising. The head of the ENS community, alisha.eth, reported that a total of 446 Ethereum (around $1.2 million) were sold on OpenSea.

Michael Mann, a 47-year-old domain specialist from Delaware, has been involved in this field since the late 1990s. He made headlines last week when he secured 14,972 domains under his name in just one day, citing his insatiable greed as the reason behind the move. "I want to own the world," Mann stated.

Mann's journey to becoming a cybersquatter was accidental. He founded an internet company in the late 90s and purchased Menus.com for just $60. In 1998, he received an offer to sell the domain for $30,000, which then rose to $55,000 the following day. This experience prompted him to realize the lucrative potential of domain buying and selling, leading him to become a successful domain investor.

On a related note, it is important to note that cybersquatting can be harmful to trademark holders and their businesses. It is crucial to practice ethical domain acquisition and use.

It's possible that during times of economic uncertainty, people may be looking for alternative investment opportunities, such as domain names. This could explain the surge in domain sales you've observed.
Additionally, the panic you mentioned may have subsided as people adapt to the current situation. Keep in mind that these trends can vary, and it's always a good idea to consider multiple factors when analyzing market behavior.