One word .COM domain names have always been considered to be a valuable asset class, with a large number of these names having multiple potential uses. Today, it has been discovered that yet another one word .COM domain has been acquired by a company looking to improve its online presence through the use of a domain. The domain in question is Wave.com.
The news of this acquisition was discovered by George Kirikos, and announced on his Twitter account, along with details of the sales price. The valuable four-letter .COM name was acquired by a New York based fintech startup for their money transfer service.
Since its inception, Wave's online presence has been hosted on the SendWave.com domain name, but they recently had the opportunity to upgrade, and have done so. The domain name Wave.com was owned by Wave Systems Corp., and was sold during a bankruptcy sale.
The $420,000 price tag for the name was discovered by Mr Kirikos, who shared the PDF file that confirms the sale, with his followers on Twitter.
Chime Inc, the company behind Wave, provide a solution for US and Canadian residents to send money to a select number of African countries without having to pay a transfer fee. The acquisition of Wave.com occurred in April of this year, just weeks before the company confirmed a fundraising round that raised over $9.5mm, according to an SEC filing.
It's likely that this sale will now be included in the next DNJournal sales report, where it will become the 8th highest domain sale of this year, in front of the $375,000 sale of Broker.com that was completed by Sedo's Dave Evanson at the beginning of August.
What's your opinion of the sale? Did the buyer get a good deal here? Have your say in the comments below.
The news of this acquisition was discovered by George Kirikos, and announced on his Twitter account, along with details of the sales price. The valuable four-letter .COM name was acquired by a New York based fintech startup for their money transfer service.
The $420,000 price tag for the name was discovered by Mr Kirikos, who shared the PDF file that confirms the sale, with his followers on Twitter.
Chime Inc, the company behind Wave, provide a solution for US and Canadian residents to send money to a select number of African countries without having to pay a transfer fee. The acquisition of Wave.com occurred in April of this year, just weeks before the company confirmed a fundraising round that raised over $9.5mm, according to an SEC filing.
It's likely that this sale will now be included in the next DNJournal sales report, where it will become the 8th highest domain sale of this year, in front of the $375,000 sale of Broker.com that was completed by Sedo's Dave Evanson at the beginning of August.
What's your opinion of the sale? Did the buyer get a good deal here? Have your say in the comments below.
