Name Wrapper And New Manager App Slated To Launch Soon
Ethereum Name Service (ENS), the issuer of .eth domains, plans to release a major new feature which will enable holders to create subdomains with pre-specified parameters.
ENS’s name wrapper smart contract will convert existing ENS domains into ERC-1155 tokens, which can then be used to create subdomains.
For example, the holder of xyz.eth can create a subdomain called abc.xyz.eth, which can then be lent out to other users.
Users will also be able to set, grant or revoke permissions for the subdomains through a feature dubbed “Fuses.”
Fuses will come in two forms, with one allowing both the subdomain owner and the parent domain owner to set parameters. The other will only enable parent domain owners to set parameters. Fuses are permanent by design and only revert after the domain expires.
ENS users can also expect an updated manager app to launch alongside the name wrapper.
The team is currently running a bug bounty program for the name wrapper smart contract on the Goerli testnet. The program will end on March 9, and users…