After a shaky start this spring, a project called the Ethereum Name Service (ENS) appears to be attracting serious capital.

Thousands of people are vying for a new set of ethereum names being auctioned off by the leaderless domain service, with some putting in bids for upwards of $1m.

Even though bid amounts are more like deposits (which you can get back after a year, if you chose to relinquish the name), what still comes as a surprise is how much people are willing to put toward more popular names.

Some names are going for thousands of ethereum:

• sportsbet.eth Top Current Bid = $188,000 Ethereum - $18,000.000 USD
• exchange.eth Winning Bidder Paid = $6,660 Ethereum - $631,000 USD
• blackjack.eth Top Current Bid = $13,000 Ethereum - $1,200,000 USD
• linkedin.eth Winning Bidder Paid = $421 Ethereum - $40,000 USD

These are just a few, but you can check out a more detailed list here codetract.

The real opportunity in all of this, especially for the Steemit community, however, is steemit.eth

STEEMIT.ETH BIDDING IS LIVE FOR THE NEXT 2 DAYS AND 18 HOURS.

YOU CAN BID ON IT HERE steemit.eth

To learn about how to bid check out registrar

I hope this was helpful!