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About Ethereum Name Service (ENS):
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS maps human-readable names like ‘atsuki.eth’ to machine-readable identifiers such as Ethereum or wallet addresses. In simple terms, its your web3 username, therefore no more copying and pasting long addresses. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.
ENS is the governance token of Ethereum Name Service DAO which is used to govern the protocol and influence decisions on proposals such as .eth addresses pricing.