Despite the significant slump crypto assets have recently undergone, co-founder and current Head of Unstoppable Domains, Matthew Gould, reportedly believed interest in the sector will still be developing well.

Specifically, Gould reportedly acknowledged the noteworthy volatility displayed, causing worries throughout the blockchain community and investors, with Bitcoin dropping to around the $30,000 price point. 

nevertheless, he reportedly offered a counterpoint by mentioning the fact that the registration for blockchain domain names is full-speed ahead like never before, with no signs of slowing down. 

“Domain names registered on the Ethereum blockchain have grown by nearly 25,000 over the past week to 817,000 on Unstoppable Domains. The current registration rate is on pace for >500% YoY growth, even during this past week’s selloff. Growth of usage of blockchain apps continues even in the face of declines in crypto speculation, showing that when you look at the space as a whole, optimism is ever-present.”

Unstoppable Domains reportedly offers individuals the ability to get a hold of and control a given domain name, which comes with the .crypto extension, storable through a nonfungible token (NFT). 

This development is reportedly distinguished compared to the existing standard centralized measures adopted by website ownership, which domain providers control.

The second week of May this year is reportedly mainly focused on Bitcoin mining energy consumption, which was fueled by Tesla’s initiative to remove Bitcoin from the list of viable payment methods, with concerns over energy.