ENS Labs Settles Legal Battle with Manifold Finance Over Eth.link Domain Name

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Cointime2024/02/28 00:37

By:Cointime

ENS Labs, the team responsible for Ethereum Name Service, has settled with Manifold Finance regarding the eth.link domain name. The settlement will cost the ENS community $300,000 in addition to ENS Labs' $750,000 in legal fees. Despite partnering with GoDaddy, ENS is still technically fighting Manifold in court, and the settlement was put to a vote by the ENS community. The vote resulted in 88% of the voting power agreeing to the settlement and 84% approving the reimbursement of ENS Labs’ legal expenses, potentially weakening ENS's litigation strategy as only 11% of the DAO’s voting power wanted to continue litigation.

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