TechFlow reports that Coinbase has purchased a top-level domain on ENS and will distribute free subdomains to users who do not want to pay high gas fees as an alternative. ENS domains include human-readable names ending in ".eth", while Coinbase's web3 usernames are similar, except they end in ".cb.id" and will represent the public key address of a Coinbase wallet. Coinbase plans to offer subdomains ending in .eth in the future as well.
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