The Blockchain Hunt #2: Name Bazaar
A peer-to-peer marketplace for the exchange of names registered via the Ethereum Name Service.
How it works
Name Bazaar allows peer-to-peer, trust-less exchange of cryptographic assets on the blockchain in the form of “names”, or Ethereum Name Service (ENS) domains.
Name Bazaar provides the ability for any user with a name for sale to generate unique smart contracts that allow transfer of ownership of that name to a new Ethereum address and owner, and receive payment in return. Any user with Ethereum looking to buy a name can do so through these contracts by interacting with the website.
No registration or sign up is required. All you need is an Ethereum address available through the MetaMask or Parity browser extensions. Every time you take an action that requires confirmation on the blockchain, you will be asked to confirm that transaction via MetaMask or Parity. This will require a small fee in Ethereum to perform the operation (this fee goes to the Ethereum Network, not to Name Bazaar).
Buying Names
There’s a persistent search bar at the top of the website, no matter what page you’re on. Simply type in a name you’re looking for and you’re off to the races! By clicking the “Offerings” button at the top of the left-hand menu, a more detailed offering search page is available, where you can filter by a number of intuitive parameters like price, buy now vs. auction, and so on.
Once you’ve found a name you’d like to buy or bid on, click on it for more information. If the offering is a “buy now” type, you can immediately pay the listed price to acquire the name. If it’s an “auction” type, you can enter a winning bid, and watch the name to be notified if you get out bid, or if the auction closes.
Selling Names
In addition to the auction feature, sellers can also utilize the “Buy Now” listing type, which is a firm set price to immediately buy the name.
Watching and Requesting Names