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.
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.
