On Tuesday, 26th July, the ENS protocol announced that its ENS name wrapper would soon be launched. The name wrapper allows users to turn any .eth name into an ERC1155 NFT. It is a smart contract used to wrap ENS names that are already created.
Wrapping a .ethdomain permits the parent domain to limit possible occurrences peculiar to subdomains. The owner of example.eth can permit the creation of sub1.example.eth and stop more subdomaining from occurring. This is to prevent sub1 from creating sub2.sub1.example.eth.
The name wrapper allows users to convert their domain names to NFTs that can be minted and sold. This ENS tool works using the concept of fuses, which are also known as rights. These rights include the right to transfer, set text records, and carry out further subdomaining. Name wrapping has better-improved privacy than Web 2.0. Security is guaranteed with the name wrapper. Users can make subdomain rugging impossible by burning fuses; a permissions mechanism.
At the moment, NameWrapper executes the ERC1155 metadata extension through an HTTPS URL to a service controlled by ENS. This is prone to change, as better alternatives might emerge in the future.Â
A remarkable feat is about to be achieved with this new development. The ENS name wrapper has so many new features available. It provides improved permission control on wrapped names, and a regular API for names is provided regardless of the rank. Additionally, wrapped names possess an owner of function that is compatible with the ERC721. This can be used to return the owner of a wrapped name.
This recent announcement has prompted users to spill their views. Most of them believe that utilizing subdomains can truly empower Web 3.0. The Name Wrapper tool presents a lot of interesting opportunities, and the anticipation for its launch is high.
