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5555.bit Sold for 20 ETH, what is .bit & why is it so costly?

2nd Nov 2022, Singapore news – The 4D.bit account 5555.bit was successfully sold at 20ETH, which rewrote the price ceiling of 4D.bit accounts. The transaction has sparked wide spread discussion. Today, let’s unveil .bit here.

1.Some key achievement of .bit

1.1 .bit has successfully raised 13 million US dollars of funds in August 2022.

1.2 As of today, more than 200,000 .bit account has been registered.

1.3 As of today, DigitDAO has refunded more than $500,000 of registration fees to holders.

2.Some major events of .bit

2.1 NFT Drop with @THENFTSTAR and @neymarjr

2.2 The .bit NFT event –“saluting to the classics ”Series 1-3

3.Some advantages of .bit

Zero Gas Fee

Thanks to the cross-Chain structure of .bit, its gas fee is basically 0, and users do not need to pay gas fees when registering and managing .Bit Accounts, which greatly reduces the threshold for DID experience.

Multi-chain, Cross-chain Management

While ENS only serves Ethereum chian, .bit can serve the entire web3 ecosystem. .bit is the only DID product on the market that can support both EVM-compatible chains and non-EVM-compatible chains. It truly realizes that .bit accounts can be registered and managed at different addresses on different chains.

Unique Sub-account System

Easy to operate and freely defined, .bit main accounts can set up and distribute sub-accounts, highlighting unique brands and building a consensus community.

Currently, Nervos, ETH, BSC, Polygon, and Tron public chains are supported for registration and management of .bit. With the continuous development of .bit, there will be more public chains supporting .bit to serve the entire web3.

Summary

Although we are under the bear market, .bit team is still continuously carrying out business cooperation and expanding the scale of community users around the world, and it has reached cooperation with many projects. The newly reached 20 ETH deal somehow enhanced holders’ confidence more or less.

DID is what every Web3er needs, and .bit has its own unique advantages. The 20 ETH final price of 5555.bit is just the beginning. In the future, there will be more .bit accounts sold at higher value.

We believe that .bit will be the star among all DID projects, let’s wait and see.

Useful links:

bit website: https://www.did.id/

bit Twitter: https://twitter.com/dotbitHQ

bit Discord: https://discord.com/invite/did

bit Guidebook: https://bit.ly/3SYGvHg(everything you need to know about .bit is in there)

Digitdao Discord: https://discord.gg/8M3CWmEA2P(your assistant from .bit)



This post first appeared on Timesnewswire, please read the originial post: here

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5555.bit Sold for 20 ETH, what is .bit & why is it so costly?

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