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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.
Was the sale of Monkey.com verified independently?

I was the buyer's broker on this deal and can verify it. I can also confirm the deal is underway at escrow.com with the first instalment received.
 
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I was the buyer's broker on this deal and can verify it. I can also confirm the deal is underway at escrow.com with the first instalment received.

How many installments?
 
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The reason is this: given the unsavory coverage of the buyer's activities, an installment plan does not ensure they won't default sometime during the payment plan. I hope your commission was paid already.
 
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The reason is this: given the unsavory coverage of the buyer's activities, an installment plan does not ensure they won't default sometime during the payment plan. I hope your commission was paid already.

Well of course, that's the risk on all instalment plans. That's why they are done through escrow.com. And thanks for your concern about my commission :).
 
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So technically the domain hasn't changed hands and won't be considered a done deal, until it's paid off. Which might take months. I would not be concerned, if it weren't for the public background info on the buyer.
 
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Should of also picked up Monkeycapital.com for $5500.00. Sometimes a one word generic is to generic.

The name really does not imply anything about ICO.
I guess if seller is going to take tokens then it was a good deal for the buyer regardless of what happens.
 
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I wouldn't be surprised if this falls through. Installments and cryptocurrency fluctuations sounds like a bad combination.

That said it's strong negotiating from the buyer to get such a deal.
 
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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.

I agree to some extent. Depends on how bullish the seller is on cryptocurrency. But good luck to the seller when trying to liquidate $100K of a new currency like this. Will crash the currency instantly.
 
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Update: the Monkey.com domain now resolves to a coming soon page for Monkey Capital's new site.

According to the page, it should be live in a couple of days
 
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If this really turns into something, then undoublty Monkey Capital will be holding the best domain in the crypto space so far.

Atleast as far as im aware, or is there any cryptocurrency using a stronger Brand name then Monkey.com?
 
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if one invest money in a monkey brand, it's possible they may get "cheetah'ed", out of it.


at least that's what tarzan said to jane and boy


whole thing sound bananas to me

imo....
 
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if one invest money in a monkey brand, it's possible they may get "cheetah'ed", out of it.


at least that's what tarzan said to jane and boy


whole thing sound bananas to me

imo....
Ive been cheated before, on things that stood much less of a chance... so why not try with a few hundred :ROFL::ROFL:
 
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Microsoft and Intel are introducing blockchain services - that's the BTC/cryptocurrency technology, but has nothing to do with the tokens/coins/digital cash. All these ICOs are essentially game money.

All ICO's are not game money... some of them are solid industry distrupters.
Even Ethereum (ETH) itself was a ICO funded model.

The model is still in it's infancy and it will evolve to a point where ICO's will need to have more transparency and adhere to certain criteria if they want to secure funding from the masses.
 
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Dang I inquired about Monkey.com like 2 years ago and they wanted 100K shucks
 
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Does anyone else think the domain was sold too cheap? Anyway, sounds like a cluster... thing.
 
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In other words, the Monkey ICO defaulted on Escrow payments.
 
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So @tobiasr did you get a fair settlement from the seller in spite of the deal falling through? I hope you did.
 
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Looks like it was a pump-and-dump scam:

How did the scam happen?

  1. Creators of Monkey Capital bought Coveal shitcoin at very cheap price
  2. Announced that each COEVAL token entitles the holder to 10,000 MNY during the ICO.
  3. People started buying Coveal shitcoin and pumped the price to $1400.
  4. Monkey Capital sells/dumps their Coveal tokens
  5. Price of Coveal falls to below $100
 
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The thing Monkey Capital got right was this; if you want the look of legitimacy you go and 'acquire' the best .COM domain that you can pay for.

They spend a small amount to lease/own Monkey.com for a few months and then defaulted when they were done with their scheme. Who knows how much money was made, probably enough to warrant the initial payment.

A lesson for both buyers and sellers for sure.
 
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Looks like it was a pump-and-dump scam:

How did the scam happen?

  1. Creators of Monkey Capital bought Coveal sh*tcoin at very cheap price
  2. Announced that each COEVAL token entitles the holder to 10,000 MNY during the ICO.
  3. People started buying Coveal sh*tcoin and pumped the price to $1400.
  4. Monkey Capital sells/dumps their Coveal tokens
  5. Price of Coveal falls to below $100
Exactly why i have no plans on participating in any cryptocurrency
 
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Looks like it was a pump-and-dump scam:

How did the scam happen?

  1. Creators of Monkey Capital bought Coveal sh*tcoin at very cheap price
  2. Announced that each COEVAL token entitles the holder to 10,000 MNY during the ICO.
  3. People started buying Coveal sh*tcoin and pumped the price to $1400.
  4. Monkey Capital sells/dumps their Coveal tokens
  5. Price of Coveal falls to below $100
The thing Monkey Capital got right was this; if you want the look of legitimacy you go and 'acquire' the best .COM domain that you can pay for.

They spend a small amount to lease/own Monkey.com for a few months and then defaulted when they were done with their scheme. Who knows how much money was made, probably enough to warrant the initial payment.

A lesson for both buyers and sellers for sure.


And the Seller risks tarnishing the image of the domain name. As a potential new buyer(s) who comes along in the future and discovers this scam may have reservations in buying it. Like domains that were once used for porn.
It’s too bad.
 
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