# ENS (Ethereum Name Service)

**Source:** https://www.startuphub.ai/startups/ens-ethereum-name-service
**Profile type:** Startup

> Decentralized naming system for the Ethereum blockchain, mapping human-readable names to Ethereum addresses and Web3 resources.

## About

The Ethereum Name Service (ENS) is a decentralized, open, and extensible naming system based on the Ethereum blockchain. It maps human-readable names like 'alice.eth' to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS aims to simplify blockchain interactions by converting complex wallet addresses into human-readable names, enhancing user experience and reducing errors in crypto transactions.

## Key facts

- **Slug:** ens-ethereum-name-service
- **Website:** https://ens.domains/
- **Founded:** 2017
- **Operating status:** Active
- **Total funding:** $1M
- **Sectors / tags:** Web3, Blockchain, DeFi, Identity, Domain Name System, Decentralized Identity, NFT, Ethereum, Digital Identity, Naming Service, Decentralized Applications, Domain Name Service
- **Social:**
  - Twitter: https://x.com/ensdomains
  - GitHub: https://github.com/ensdomains

## Frequently asked

### What does ENS (Ethereum Name Service) do?

The Ethereum Name Service (ENS) is a decentralized, open, and extensible naming system based on the Ethereum blockchain. It maps human-readable names like 'alice.eth' to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS aims to simplify blockchain interactions by converting complex wallet addresses into human-readable names, enhancing user experience and reducing errors in crypto transactions.

### What is ENS (Ethereum Name Service)'s valuation?

StartupHub estimates ENS (Ethereum Name Service)'s effective valuation at $4.0M (range $2.5M to $6.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has ENS (Ethereum Name Service) raised?

ENS (Ethereum Name Service) has raised a total of $1M in funding. The most recent round on record is Grant.

### When was ENS (Ethereum Name Service) founded?

ENS (Ethereum Name Service) was founded in 2017.

### What industry does ENS (Ethereum Name Service) operate in?

ENS (Ethereum Name Service) operates in Web3, Blockchain, DeFi, Identity, Domain Name System, Decentralized Identity.

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