The Ethereum Name Service has announced an upgrade in an effort to speed up the registering process. It is launching a new registrar and turning all existing domain names into non-fungible tokens (NFTs). Like NFTs, domain names will be collectable and transferrable between users.
This includes more than 300,000 registered .eth domain names as well as .xyz, and .lux domain names. Up until May 4th 2020, .eth domain owners will be able to migrate their domains to the new registrar.