You Have to Reach Deep in Your Pocket for a Crypto-Domain Name
If you want to have another clear factor on how mainstream the crypto-space is becoming except the growing prices and keyword-search results, check the internet site domain name market which are related to blockchain technology.
Ethereum.com price right now is floating around $10 million on a so called Uniregistry Market. In Oct – eth.com was given away for $2 million which is record for a crypto-related domain name, based on data from Domain Name Journal.
“The unfettered euphoria I see around bitcoin/cryptocurrency/blockchain reminds me a lot of the atmosphere I saw in the period preceding the dotcom bust around 2001,”
Ron Jackson, editor and publisher of Domain Name Journal. “However, dotcoms came back and had bigger years than ever in the mid 2000s, so even a bursting bubble isn’t necessarily a final death knell for a given asset.”
The biggest crypto-related domain portfolio is being put by Niko Younts – for quite a long time domain investor, claims the portfolio which is up for $2 million including 1,200 names like bitcoinnetwork.com
Buyers often use domain names in marketing and lead-generation for other sites. Coinbase Inc. pays Younts — who sold the domain name bitcoinwallet.com for $250,000 in 2014 — a commission for sending new users to its cryptocurrency wallet and exchange, he said. Others buy the domain names to run businesses, such as wallets and crypto newsletters.
Only this year, hundreds of domain names reached the price and climbed over $1,000, while last year only a few had the pleasure. Cryptonews.com was sold over $50k, Bitcoincash.org for around $48k and so on.
Broker Sharjil Saleem closed the $2 million sale of eth.com to an unknown buyer, Domain Name Journal reported. The sale is tied with freedom.com for the second highest domain-name sales price of the year.
“Right now crypto is probably the biggest trend in domain,” Kubba said. “Crypto and marijuana. Those two segments of domain names have been growing in value much much faster than other names.”