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<p>The post <a href="https://coinpedia.org/news/ens-and-manifold-finance-reach-300k-settlement-over-eth-link-domain-ownership/">ENS vs. Manifold Finance: $300K Settlement Approved Over “eth.link” Domain</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Here’s some positive news! Ethereum Name Service (ENS) has emerged victorious after an 18-month legal battle with Manifold Finance. The recent resolution, backed by a significant 88% vote from ENS DAO (decentralized autonomous organization) members, finally puts an end to the gripping dispute that has been closely followed by the crypto community.</p> 
<p>Here’s what happened.</p> 
<h2 class="wp-block-heading" id="h-settlement-secured-ens-claims-victory"><strong>Settlement Secured: ENS Claims Victory</strong>!</h2> 
<p>After enduring a lengthy legal struggle, ENS has successfully settled its ownership dispute with Manifold Finance over the eth.link domain. The agreement, supported by an overwhelming 88% of votes from ENS DAO members, provides closure to the prolonged uncertainty surrounding this matter.</p> 
<p>Under the settlement, ENS Labs retains ownership of the valuable eth.link domain. In a strategic move, the lawsuit against Manifold Finance is dropped. Notably, <a href="https://snapshot.org/#/ens.eth/proposal/0x456ccb438eed5d189cbe51e5e36a88d2bb4dc0c61f12f6d9e310a7ba4798d5fc">84% of voters</a> favor allocating a $750,000 refund to ENS Labs, offering financial relief for the extensive legal battle.</p> 
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   <p lang="en" dir="ltr"><a href="https://t.co/tpR0rT37zf">https://t.co/tpR0rT37zf</a> was just sniped by us. <br><br>Services to be restored once ownership transfer complete. <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/hashtag/ENS?src=hash&amp;ref_src=twsrc%5Etfw">#ENS</a></p>— Manifold Finance (@foldfinance) <a href="https://twitter.com/foldfinance/status/1566200320375476225?ref_src=twsrc%5Etfw">September 3, 2022</a>
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<h2 class="wp-block-heading" id="h-the-domain-drama">The Domain Drama</h2> 
<p>This <a href="https://www.courtlistener.com/docket/64950616/1/ens-labs-ltd-v-godaddy-incorporated/">dispute</a> originated in September 2022 when GoDaddy, the previous registrar, allowed the eth.link domain to expire. Manifold Finance seized the opportunity, acquiring the domain through a Dynadot auction, setting the stage for a legal showdown.</p> 
<p>ENS Labs initiated legal action against Manifold Finance, GoDaddy, and Dynadot in an Arizona District Court. A pivotal court order was issued, preventing the transfer of the domain outside ENS Labs’ ownership. Nick Johnson, the visionary behind ENS, revealed that Manifold Finance proposed a $300,000 settlement, coupled with confidentiality clauses and a commitment to refrain from defamation.</p> 
<h2 class="wp-block-heading" id="h-bridging-blockchain-naming-systems"><strong>Bridging Blockchain Naming Systems</strong></h2> 
<p>Functioning similarly to traditional DNS, ENS distinguishes itself by operating on the blockchain. This innovative approach allows browsers to seamlessly connect domain names to IP addresses. The eth.link domain plays a crucial role in the .eth ENS domain, facilitating the integration of blockchain-based naming systems with the traditional web infrastructure.</p> 
<p>The settlement underscores the importance of clearly defined ownership rights in decentralized systems.</p>

ENS vs. Manifold Finance: $300K Settlement Approved Over “eth.link” Domain

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