See: Ethereum Name System (https://ens.domains/)
However, Coinbase (part of the 7 admin keyholders of ENS) had a closer look at .eth addresses and their use in their wallet and decided to remove support for it and instead use .id for their Coinbase wallet. [0]
Why did they do this? It turns out that:
"New crypto users with no previous exposure to ENS would make the false assumption that the ".eth” domain only works" for sending and receiving $ETH."
I guess it really does make sense to anchor both .eth, .id, etc on Handshake [1] after all. The concept of ENS is fine for .eth, but it doesn't seem to be enough to prevent this sort of basic confusion.[0] https://twitter.com/matt_willemsen/status/154901782285598310...
Stats: https://dune.com/makoto/ens
Note that ENS is not only ETH, it supports multiple coins, and it's also compatible with the legacy DNS namespace, so it's possible to import & use tlds such as .com