NameSilo
James Iles

Crypto.com Sold in Undisclosed Deal

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5,101
Comments:
52
By James Iles, Jul 6, 2018
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How Much Is Crypto.com Worth?

  1. $500,000 or Less

    44 vote(s)
    11.4%
  2. $500-000 - $1 million

    37 vote(s)
    9.6%
  3. $1 million - $5 million

    94 vote(s)
    24.4%
  4. $5 million - $10 million

    73 vote(s)
    19.0%
  5. $10 million or More

    137 vote(s)
    35.6%
Total: 385 vote(s)
  1. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    Crypto related domain names have been hot property for investors in the recent past with domains such as CryptoWorld.com and CryptoBank.com selling for six-figures a piece. Up until now, the ultimate crypto domain name has never been for sale, with its owner publicly revealing the name wasn't for sale. This looks to have changed, however, since the name is now showing a holding page for Crypto.com, a service provided by MCO Technology.

    According to the company's Twitter account, MCO Technology, also known as Monaco, has rebranded to Crypto.com. Headed by Kris Marszalek, Monaco raised a total of $26.7 million through an initial coin offering in May 2017, propelling the company's efforts to accelerate the World's transition into cryptocurrency.

    The now former owner of Crypto.com is Matt Blaze, a Professor of Computer and Information Science at the University of Pennsylvania, who registered the name back in 1993. Matt is likely to have received numerous offers for the domain name in recent years thanks to the funding now available to many crypto companies.

    None of those offers have been acceptable, until now. It's highly likely that Matt had been offered seven-figure fees for the domain in the past, but Monaco may have provided something in addition to money that made the deal irresistible. Perhaps it was equity, perhaps it was assurances about the domain's use going forward.

    Unfortunately, no details of the transaction are currently known, but requests for information have been submitted to Crypto.com (formerly Monaco) and Matt Blaze.

    Congratulations to both parties on the deal.

    Update on Jul 10, 2018: The former owner of Crypto.com, Matt Blaze, confirmed the sale of the domain name in a blog post whilst stating he has no financial interest in the company. Reports have surfaced that this was an all-cash deal worth $12 million, with Cheddar.com citing an unknown source involved in the transaction. If this figure is correct, it would make it one of the largest sales of a domain name in history.
     
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  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 552nd blog post on NamePros. View all blog posts

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  5. Comments (52)

  6. franka46

    franka46 Established Member

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  7. Joshua Harding

    Joshua Harding AvailDomains.com Gold Account

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    An absolute monster.

    This is one of the world's most valuable domains today. IMO.
     
  8. Haykay2005

    Haykay2005 Active Member VIP

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  9. Backorder-ing.com

    Backorder-ing.com WorldWideWeb VIP

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    LOL - not even vote
    Several times Matt Blaze say on his page Cryptᴏ.com - not for sale , not for sale not for sale , leave me alone idiots etc.. After all initial offer of aprox. 30 mil. change is mind LOL
    Now we have a nerd multi millionaire
     
  10. marcm

    marcm Established Member

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    Thanks for sharing. Got to be one of the more valuable domains now. I'm more curious as to what outside of money incentivized the sale and about how the buyer was able to communicate with someone who on the face of it did not want to be contacted about offers!
     
  11. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

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  12. efizi

    efizi Established Member

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    Wow! So he finally sold the domain, never thought he would have. Congrats to both buyer and seller.
     
  13. mpls

    mpls Active Member VIP

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    Probably he had never received an 8 figures offer.
    Every domain is for sale if you put on the table > $ 10 million.
    Every domain.
     
  14. Backorder-ing.com

    Backorder-ing.com WorldWideWeb VIP

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    Was not on the table . Matt recived 30 million in january/feb. 2018 "Don't be shy & ask 30 million" (buyer) & Matt answer to leave alone (?!?) But in history "dumb" to be..lucky to have
     
  15. Haris

    Haris Best Domainer Of The End-Times VIP

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    I knew it will sell some day, everything has a price
     
  16. Brandmore

    Brandmore Established Member

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  17. elevator

    elevator DnCombo.com VIP

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    Yap! It is highly truth that MONEY answereth everything. Even in cryptocurrency money have made the breakthrough possible.

    Congratulations to both Buyer and the Seller!

    Wonder shall never end
     
  18. elevator

    elevator DnCombo.com VIP

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    I forgot to appreciate @James Iles.
    I just have to say thank you for this follow up and sharing
    This is a very good one
     
  19. GoWebnames.com

    GoWebnames.com Truth alone triumphs VIP

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    Nope, I won't sell, Nope, Not at all, NaDa, Nah !!
    All of that just a sales tactic by the nerdy prof? :)
     
  20. Jason.tv

    Jason.tv Active Member VIP Trusted Contest Holder

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    MCO is not that good of a crypto development or token either; just shows you how much money and vaporware is to be made in this market.
     
  21. Jahe

    Jahe Established Member

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    Great domain name purchase for Monaco. That's one rich professor, since he is in IT; maybe he will move to Silicon Valley and fund a startup? Nevertheless, I hope DN Journal will confirm the sell price to list it on the Top sales chart...
     
  22. capiche

    capiche Top Member VIP ★★★★★★★★★★

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    I can’t wait until the bull market returns...and the effect that it will have on all good crypto related domains.
     
  23. Isac

    Isac Domainglo.com VIP

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    If they will disclose price then this domain will be listed as most expensive domain of all time. IMO
     
  24. Candace

    Candace Broker at Starfire Holdings Starfire Holdings PRO Blue Account VIP

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    Wow! Monaco must have sent somebody up to UPenn to talk to him directly.

    As the CEO implied, they offered Matt more than money, because he was very concerned about how the domain would be used.

    I'm pretty sure he got $10M offers before and didn't take it.

    So, he must gotten some stake in the company, and/or some say in what they do and how they do it going forward.
     
  25. maxtra

    maxtra Upgraded Member Gold Account VIP

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    Great news indeed! Congrats to Monaco and Matt.
     
  26. LeapNames

    LeapNames LeapNames.com Gold Account

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    This is awesome. It'll be interesting to look back at this sale a decade from now.
     
  27. OmarVG

    OmarVG Active Member VIP

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    I just changed the Price of all My Premium Crypto related domains to 7 Figures! :xf.grin::greedy:
     
  28. Haris

    Haris Best Domainer Of The End-Times VIP

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    Krreeptoo.com for $1 mil ?
     
  29. OmarVG

    OmarVG Active Member VIP

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    WTF! That's NOT my domain! lol :xf.laugh::ROFL:
     
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