Crypto asset prices roughshod drastically this past calendar week. The CEO and co-founder of Unstoppable Domains, Matthew Gould, said interest in the industry, yet, still remains positive.

"Over the past week, crypto markets take experienced significant volatility sparking business organisation amongst the blockchain community and investors at large," Gould said in a comment sent to Cointelegraph. On Wednesday, Bitcoin plunged down nearly the $30,000 toll point — a dramatic movement considering the nugget traded virtually $60,000 earlier in May, based on TradingView data.

"However, blockchain domain names are being registered at unprecedented speeds with no signs of slowing downwardly," Gould said, adding:

"Domain names registered on the Ethereum blockchain accept grown past nearly 25,000 over the past week to 817,000 on Unstoppable Domains. The current registration rate is on pace for >500% YoY growth, fifty-fifty during this past week'southward selloff. Growth of usage of blockchain apps continues even in the confront of declines in crypto speculation, showing that when you await at the space as a whole, optimism is e'er-present."

Unstoppable Domains gives folks the opportunity to acquire and control a given domain name with the .crypto extension, storable via a nonfungible token, or NFT. This differs from current standard centralized methods of website ownership, which domain providers control.

Last week yielded headlines around Bitcoin mining energy consumption, stemming from Tesla'south decision to cease taking Bitcoin as a form of payment, based on related energy concerns. The move, seemingly temporary, has seen pushback from folks in the days since.