Is Ethereum Name Service halal?
Ethereum Name Service is a token linked to NFTs or digital collectibles. It is issued as a token on Ethereum.
Ethereum Name Service does not clear every threshold of our screen. Its weakest point is the Use-case criterion (56 out of 100). It depends on what the NFTs represent.
Shariah screen result
mean of the five criteria
Nothing in its public tags points to an interest-based mechanism.
Fairly small (market value about $237 million). Smaller markets move more easily.
NFT markets are often driven by speculation and random "mint" mechanics.
Its tags do not describe a clear asset or service underneath the token.
It depends on what the NFTs represent.
How this was made: we scored the coin's public category tags and market size against the same five criteria and thresholds we use in our reviewed screen. Nobody has yet read its whitepaper or checked its revenue. This is a screening result, not a fatwa. Scholars may reach different views, so check with a qualified scholar before relying on it.