Soulja Boy tweeted out his Ethereum address earlier today.
The inimitable Mike Demarais was ready with his .ETH name.
And Soulja Boy accepted it. 🤯
Mike Demarais, bravo. 👏👏👏
Soulja Boy, here’s a guide to get you started in the strange new world of .ETH names and beyond.
What are .ETH names
.ETH names run on the Ethereum Name Service (ENS), which is itself an app or “dapp” (decentralized app) that runs on the Ethereum blockchain.
ENS is a relatively new decentralized naming system for the Internet. Basically, you can own a name like souljaboy.eth with your Ethereum account (no one else can have it or take it away from you), which you can set up to receive any cryptocurrency (e.g., Bitcoin, Dogecoin, Ether, Chainlink — anything). No more dealing with different addresses for different cryptocurrencies — just send people your one name souljaboy.eth, and they can send you anything you’ve set it up to receive. You can also set up a decentralized censorship-resistant website with it!
Here’s a quick guide to getting it set up. 👇
How to set up your .ETH name
1) Get an Ethereum wallet
You need an Ethereum wallet or browser. Since you tweeted out an Ethereum address, you have some kind of wallet already, which will likely work for this.
2) You need some ETH
You need ETH to do anything on Ethereum. You can set up an account on Coinbase to get some really easily.
But don’t worry! I’ve already sent you some ETH so you can get started right away. 👍
3) Sign in to the ENS Manager app
Go to app.ens.domains. Click “Connect” in the upper-left hand corner. Select the wallet you’re using and follow the instructions to sign in.
Feel free to reach out to Mike Demarais or the Ethereum community on Twitter if you get stuck on this step.
4) Search for souljaboy.eth
This will take you to a page for souljaboy.eth where you can set it up. You can also just click here to go to the name page.
5) Set the Resolver
This step might seem a bit tricky, but don’t worry it’s not. In line with “Resolver”, click “Set”.
Then click “Use Public Resolver”, then “Save”, then “Confirm”. Your wallet will then ask you to confirm it again.
You will be sending an Ethereum transaction and it will cost a small amount of ETH. Wait about a minute or so for it to be confirmed on the Ethereum network (your wallet will tell you when it has been confirmed).
This will set up the standard record types for you to fill in (e.g. crypto addresses, et al). (In the future if you register another .ETH name, this step will be done for you automatically.)
6) Set your records!
Click “Add/Edit Record” on the right side.
Copy and paste your Ethereum address into the Addresses section next to ETH. (You should be able to copy your Ethereum address from the “Registrant” or “Controller” lines at the top of the page.)
If you have BTC, LTC, or DOGE addresses, paste them in their respective places in the Addresses section, too. If you have more cryptocurrency addresses beyond those, click “Add Record” above that and select the kind of blockchain address you want to add.
The “Content” record section is for a decentralized website on the Inter-Planetary File System (IPFS). Reach out to Mike or the Ethereum community on Twitter if you want to create one of those.
In the Text Record section, feel free to add personal info you don’t mind having linked to your Ethereum account.
Here’s an example of a .ETH name that has most of the record types filled in.
7) Finalize the records onto the Ethereum blockchain
Scroll down and click “Confirm” at the bottom of the page. Your wallet will ask you to confirm submitting an Ethereum transaction. Confirm submitting the transaction, then wait another minute or so for it be added to the Ethereum blockchain.
And you’re done! You just used your first Ethereum dapp.
8) Join team .ETH on Twitter
Finally, you should change your Twitter profile name to souljaboy.eth. It’s a tradition in the Ethereum community and signals to people that you’re a part of the new Internet.
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Congrats on having an Ethereum address and your .ETH name set up.
But this is just the beginning. There is a whole new world of decentralized finance, art, games, and more that await you in the growing Ethereum universe.
Here are a few things to check out next:
- Uniswap: You know how Robinhood shutdown GME trading? Uniswap trading can’t be shut down by anyone since its trading system runs by itself on Ethereum. Once you start using it, you can’t go back. (You can track the rise of other decentralized finance services, or DeFi, on DeFi Pulse). → https://uniswap.org/
- OpenSea: Want to buy scare digital art? Or random collectibles? Or whatever else people are selling? OpenSea is the place to go. It’s a new world of real digital property. → http://opensea.io/
- PoolTogether: There are tons of cool apps on Ethereum, but PoolTogether has got to be one of the coolest. It’s a lottery where someone wins every week… but no one ever loses their money. That’s right. You put some money in the pot, it invests that money, and the winner just wins the interest. The more money people have in the pot, the more people can win! → https://pooltogether.com/