Escrow is using middlemen to prevent any potential loss or theft. Every transaction has some counterparty risk. Who goes first, the domain transfer or the wire?

Escrow is using middlemen to prevent any potential loss or theft. Every transaction has some counterparty risk. Who goes first, the domain transfer or the wire? To be sure you won't get robbed, you deposit the money with the escrow agent and the seller transfer the domain to the escrow agent. If one party falls through, the escrow agent gives their property back. In web3, the smart contract is the escrow agent and 100% automated. So you deposit your money, the seller puts in the ENS name, and now instead of a % basis for the fee (escrow.com is like 0.9%), you get a flat cost of running the smart contract based on the network fees. It's just like how you can transfer $1 of bitcoin or $1B of bitcoin for the same price.