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news Blockchain Company Monkey Acquires Monkey.com for $500,000

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Blockchain development and news and information service company Monkey has confirmed the acquisition of the domain name Monkey.com for a fee of $500,000. The Singapore-based company is lead by entrepreneur Daniel Mark Harrison, who initially launched the company using the domain name Monkey.capital before upgrading to Monkey.com.

Recently, Monkey posted a link on Monkey.capital announcing the forthcoming move from Monkey.capital to Monkey.com, a domain which was sold by an American company that had owned the domain since 1994.

In a statement to NamePros, Monkey CEO Daniel Mark Harrison said:
Monkey is rapidly becoming a leading name in Blockchain development, supported by a thousands-strong base of digital asset enthusiasts.

The purchase of Monkey.com will help us to scale the additional edges of the wider alternative asset marketplace, creating the only combined media, consulting and tech development firm working with Crypto to date. The price of $500,000 was in truth a bargain for what the domain name will deliver us in value over the forthcoming decade, and we are working very closely now with the seller who is also a digital media expert himself to ensure we create maximum impact with this purchase.

In terms of general media, the site will begin by featuring a book that our COO Joshua Hawley and I have written, called The Blockchain Manifesto, which is selling briskly on pre-order at Amazon.com now, and will ultimately become the home of the world's first 24-hour live streaming internet TV news channel focused on digital assets and leading source of information and data.

According to Daniel, the sale consisted of a $400,000 cash amount paid in instalments, with $100,000 paid in the form of COEVAL (COE), which is Monkey's own cryptocurrency.

As of writing, Monkey.com still resolves to the seller's website, but a switch over is due shortly.

It will be fascinating to see what Daniel and his team create on the Monkey.com domain name. We will be watching with interest. To follow Monkey's progress, you can follow them on Twitter or Facebook.


Thanks to NamePros member @55Domains for the tip.


Update on Nov 6, 2017: The WHOIS history for Monkey.com shows that on October 19th, after the domain sale took place, the email address was [email protected] and the name server was NS1.INMOTIONHOSTING.COM. Today, WHOIS privacy is enabled on Monkey.com: it shows the email address is [email protected] and the name server is NS39.DOMAINCONTROL.COM. Its WHOIS record today is almost identical to what it was earlier in the year prior to the sale. This may signify that the deal has defaulted.

Update on Nov 15, 2017: Confirmed the return of Monkey.com to its original owner
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
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One of the best names .... for anything!
 
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Another good news for crypto currency and blockchain domains.
 
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Thanks @James Iles , for the information, congrats! for both sides
 
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Wonderful move by the founders.
 
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Great news to have this confirmed. What a great domain name, and the perfect platform for the MC group. Seems everyone is happy, the definition of a good deal!
 
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Nice. Seems like a good deal for both parties.
 
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way under priced and the seller was dumb to accept 100k of an unknown crytpo...
 
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I don't think there are many companies that would pay half a million dollars for Monkey.com. I think the seller did exceptionally well on this one.
 
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Rick Schwartz would laugh at the offer and would tell them to go spank it. :-D
 
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Yes. I agree with Acroplex, I believe they left money on the table, however, got a good deal for the domain name. How much money did they leave? About another $250K -$500K.
 
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Yes. I agree with Acroplex, I believe they left money on the table, however, got a good deal for the domain name. How much money did they leave? About another $250K -$500K.
That would be about right.
 
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There are plenty of brands with "monkey" in their name. Google the keyword, and the dot .cool gTLD is the top matching result. :-O

Also, it's not really $500k when $100k of it is in tokens. This approach is gaining traction recently, merely because there is no associated cost to issue these pseudo coins.
 
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There are plenty of brands with "monkey" in their name. Google the keyword, and the dot .cool gTLD is the top matching result. :-O

Also, it's not really $500k when $100k of it is in tokens. This approach is gaining traction recently, merely because there is no associated cost to issue these pseudo coins.
There may be plenty of brands with Monkey in their name but not many that will pay even close to 500 grand. I bet this is the first real offer this name has ever received and probably why the seller agreed to the creative financing.
 
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Crypto market trending every where, Cong to seller.
 
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There may be plenty of brands with Monkey in their name but not many that will pay even close to 500 grand. I bet this is the first real offer this name has ever received and probably why the seller agreed to the creative financing.

How do you know that? And the monkey is a very important animal in the Chinese and Japanese cultures.

To me, the sale signifies a successful pitch for extra money via the tokens, but even then, they shortchanged the seller. They could have given them 1 million in monkey tokens, it'd make little difference.
 
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Seller likely got equity too.
 
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Very good name! Thanks for this info, James!
 
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Expected a more giant leap, in terms of price, from monkey.com
Accepting 25 percent in an altcoin is perhaps another leap to big bananas in coming years for the monkey.
 
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Also, it's not really $500k when $100k of it is in tokens. This approach is gaining traction recently, merely because there is no associated cost to issue these pseudo coins.

Agreed, but when that $100k in coins becomes $3.5MM after an ICO then it almost reverses every "left money on the table" view of this transaction.

I agree that $500k was a low price for this, however I think the $100k in coins sold smartly makes this deal a big winner at much more.
 
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I'd take $1 million USD today than $500k + ICO tokens tomorrow. Other than BTC, every single cryptocurrency is like Monopoly money: worth something only while you play the game.
 
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Other than BTC, every single cryptocurrency is like Monopoly money: worth something only while you play the game.
That's the view of someone who doesn't know what the game is. The crypto market is only going up, not down. There are real companies behind each "coin" which offer stability and technology worth investing in. To think otherwise is ignorant.

In this case, the seller is sitting on $580,000 worth of coins which will easily double in value. Extremely smart play on his/her part!
 
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Bah it won't let me edit. I meant the value of the coins will easily double, the quantity they own is based at the price coe was at when they were issued. Great deal for the seller!
 
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