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news y.at emoji sub-domains go viral with $425,000 sale + more

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The latest viral moneygrab in crypto is here - emoji subdomains provided by a viral new site y.at.

- πŸ”‘.y.at sold for $425,000 yesterday at the live auction.

- πŸš€πŸŒ•.y.at also sold for $200,000, and many more 6 figure and 5 sales yesterday too - see https://destiny.y.at/

From their description:

"Yat lets you use emojis as your universal username and identity on the internet. Imagine being known as πŸ”₯πŸ‰.y.at or πŸ€–πŸ‘»πŸ‘‘ instead of coffeequeen98 or [email protected]

By owning a Yat - let’s say πŸŒŠπŸ”±πŸŒ΄ - it’s yours forever. You are the ~only~ one on earth who owns these emojis.

The possibilities are endless with Yat. You can receive payments, use it on your socials, and eventually much more. Your Yat can be used as a link like this: y.at/πŸŒŠπŸ”±πŸŒ΄ (click it to see it!) and automatically redirect visitors to any website you want."
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Funny how everything is a cycle. Wasn't emoji domains a brief flash in the pan some years back?
 
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The latest viral moneygrab in crypto is here - emoji subdomains provided by a viral new site y.at.

- πŸ”‘.y.at sold for $425,000 yesterday at the live auction.

- πŸš€πŸŒ•.y.at also sold for $200,000, and many more 6 figure and 5 sales yesterday too - see https://destiny.y.at/

From their description:

"Yat lets you use emojis as your universal username and identity on the internet. Imagine being known as πŸ”₯πŸ‰.y.at or πŸ€–πŸ‘»πŸ‘‘ instead of coffeequeen98 or [email protected]

By owning a Yat - let’s say πŸŒŠπŸ”±πŸŒ΄ - it’s yours forever. You are the ~only~ one on earth who owns these emojis.

The possibilities are endless with Yat. You can receive payments, use it on your socials, and eventually much more. Your Yat can be used as a link like this: y.at/πŸŒŠπŸ”±πŸŒ΄ (click it to see it!) and automatically redirect visitors to any website you want."

πŸ€¦πŸΌβ€β™‚οΈ.y.at

A subdomain hack sold for $425K. Gre.at.
 
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The latest viral moneygrab in crypto is here - emoji subdomains provided by a viral new site y.at.

- πŸ”‘.y.at sold for $425,000 yesterday at the live auction.

- πŸš€πŸŒ•.y.at also sold for $200,000, and many more 6 figure and 5 sales yesterday too - see https://destiny.y.at/

From their description:

"Yat lets you use emojis as your universal username and identity on the internet. Imagine being known as πŸ”₯πŸ‰.y.at or πŸ€–πŸ‘»πŸ‘‘ instead of coffeequeen98 or [email protected]

By owning a Yat - let’s say πŸŒŠπŸ”±πŸŒ΄ - it’s yours forever. You are the ~only~ one on earth who owns these emojis.

The possibilities are endless with Yat. You can receive payments, use it on your socials, and eventually much more. Your Yat can be used as a link like this: y.at/πŸŒŠπŸ”±πŸŒ΄ (click it to see it!) and automatically redirect visitors to any website you want."

Amazing... that people are falling for this. Basically they're selling subdomains, correct me if I'm wrong?
 
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Yeah this seems like a huge scam. People can be suckered into anything. A lot of false statements in that blurb.
 
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UTTER BULLSHIT!

Or just simply a money laundering method...
 
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At the least there is a 5 minute pure THANK YOU video hahaha
 
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Any independent proof of this?
Suppose some austrian newspapers would write excited about something like this. Any independent links to well-known resources?
 
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Yes this is very odd.. .the .at is a ccTLD, how can they guarantee "yours forever", renewals? And almost half a mil for a sub-domain, an emoji at that..

.to offers 100 year renewals, most I've ever seen.
 
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NFTs and Securities Laws (US based)
(PDF Attached)
 

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I totally believe this...not.

I mean is it beyond the realm of possibility? I guess not, in a world where people are paying money for NFT farts, Tiger King NFT, Bhad Bhabie digital art, for tweets, meme coins, meme stocks, etc.

There is a lot of incredibly stupid money out there. When it comes to this nonsense, a reality check is coming...

This is about the most reasonable comment on the Twitter thread -

@manhquot
18h
Replying to
@arrington
I think this a loophole to clean dirty money. Buyer and seller can be the same entity and can easily jack up the bid price

This type of thing is a dream come true for people wanting to launder or clean dirty money.

Brad
 
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I totally believe this...not.

I mean is it beyond the realm of possibility? I guess not, in a world where people are paying money for NFT farts, Tiger King NFT, Bhad Bhabie digital art, for tweets, meme coins, meme stocks, etc.

There is a lot of incredibly stupid money out there. When it comes to this nonsense, a reality check is coming...

This is about the most reasonable comment on the Twitter thread -

@manhquot
18h
Replying to
@arrington
I think this a loophole to clean dirty money. Buyer and seller can be the same entity and can easily jack up the bid price

This type of thing is a dream come true for people wanting to launder or clean dirty money.

Brad

Crazy amount of people with crazy amounts of money to waste these days. I've been following a lot of the NFT hype, lots of it seems to be legit, some obviously hype/scam/launder.

Then I read/realized about the environmental issues that come with it so I'm gonna pass.

Crazy times we live in. Killing earth at an unmatched pace for things that don't even physically exist... sigh... I hope my offspring will forgive us.

Anyway yeah, mind gobbling :)
 
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Most of such high purchases (payments) happen with > crypto money that was super cheap purchased at the time > by super early crypto birds.

Beeples crap ("Everydays: the First 5000 Days") was purchased (paid) with ETH (42,329), yet nearly all headlines only wrote "... sold for $ 69.3 million USD ..." - although this is (was) not more than the corresponding, theoretical (I justify my usage of this term in this context in the next sentence) USD - equivalent.

My point is that such large crypto money - amounts won't get the current fiat - price if exchanged as whole, the actual fiat - amount depends on how much is someone willing to pay (OTC) and this is way lower than most would probaly imagine.
 
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@DOMAIN ILLUMINATI in this case y.at only accept fiat payments and not crypto/stablecoins yet. they just managed to nail their marketing/dupe some cryptowhales
 
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@DOMAIN ILLUMINATI in this case y.at only accept fiat payments and not crypto/stablecoins yet. they just managed to nail their marketing and hoodwink a ton of crypto whales
Can you guarantee that the alleged price of 425,000 USD for πŸ”‘.y.at was actually paid in USD?
 
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This is absurd. What is "Yat"?
IIRC .ws and .to allow registering emojis, how is a subdomain better or even comparable?
[edit] .st as well?
 
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Can you guarantee that the alleged price of 425,000 USD for πŸ”‘.y.at was actually paid in USD?

just dug a bit deeper and you are correct - hand-registering a yat is credit card only, but yesterdays big discord auction accepted stablecoins.

seems they are paying celebrities also. if only useful projects had as good marketing as these guys

Screenshot 2021-04-04 at 00.26.48.png
 
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Apart from the question about these sales themself, these y.at - Interantionalized Domain Names (if not forwarded (changed) to y.at/*emoji* (which I believe is their point)) are resolving (getting displayed) as punycode - domain names in the browser.

Regarding paid celebrities, I highly assume most celebrities celebrate (other's products) for fiat money only.
 
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Most of such high purchases (payments) happen with > crypto money that was super cheap purchased at the time > by super early crypto birds.

Beeples crap ("Everydays: the First 5000 Days") was purchased (paid) with ETH (42,329), yet nearly all headlines only wrote "... sold for $ 69.3 million USD ..." - although this is (was) not more than the corresponding, theoretical (I justify my usage of this term in this context in the next sentence) USD - equivalent.

I am not sure about the rest of the world, but one thing to note is in the US crypto is treated as property not currency.

It is not as simple as just paying crypto for something. Any time you use crypto to buy something is an taxable event, and the gains must be declared as income to the IRS.

Let's say you buy a Tesla for $50K. Even if that is (1) bitcoin that you paid $1,000 for at the time, it means that you had a gain of $49,000 which must be declared on taxes. Income taxes must be paid on these gains.

I think a lot of people are going to get into a lot of trouble with the tax man.

Brad
 
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This type of thing is a dream come true for people wanting to launder or clean dirty money.

Brad

Strictly speaking in terms of clean money VS dirty money, how does selling subdomains differ from selling domains?


Talk about whales... Michael Arrington aka founder of TechCrunch. I wonder if he has a y.at?


It looks like that sale was more that just the URL?

".. the Infinity Key, granting them power to forge any single two-character Yat of their choosing with a Rhythm Score of 99 or lower"



EDIT: (correction) it looks as if the INFINITY key and the GOLDEN πŸ”‘ subdomain were two different auction lots.




just dug a bit deeper and you are correct - hand-registering a yat is credit card only, but yesterdays big discord auction accepted stablecoins.

seems they are paying celebrities also. if only useful projects had as good marketing as these guys

Show attachment 186810

Interesting. Thanks for sharing.

Any idea who, or what company is behind y.at?

I did a little research, and it looks like it has something to do with Tari Labs and @NaveenSpark.

It also looks as if they may have initially started out as Emoji ID and later branded to Yat.

From their TOS.

YAT TERMS OF SERVICE
Last Updated: February 19th, 2021
These Terms of Service (β€œTerms”) apply to your access to and use of the Services (as defined in Section 1 below) provided by Emoji ID, LLC DBA Yat Labs, a Delaware limited liability company (Emoji ID, LLC, together with its affiliates and subsidiaries β€œCompany” or β€œwe”)

Emoji ID, LLC Trademark Applications: https://uspto.report/company/Emoji-Id-L-L-C

upload_2021-4-3_17-55-27.png



Noting, Emoji ID, LLC initially filed for the TM of Emoji ID, prior to filing the Yat TM.

And the domain/URL https://emojid.me/terms currently cites what looks to be an older version y.at TOS.

Emojid.me was registered on May 20th, 2020 by Tari Labs, LLC.
Emojiid.me was registered on May 21st, 2020 by Tari Labs, LLC.
NameBio shows Y.at was reported sold via Sedo on August 4th. 2020

Yes this is very odd.. .the .at is a ccTLD, how can they guarantee "yours forever", renewals? And almost half a mil for a sub-domain, an emoji at that..

.to offers 100 year renewals, most I've ever seen.

Interesting point. Does the same apply to how Jack can sell his first tweet as an NFT?

eg. Say, verisign or whomever shuts down Twitter.com. Twitter still has their servers, so couldn't they migrate to Twitter.horse, and still keep the first tweet NFT operational and unaffected by any singular right of the dot shut down? eg, Verisign can shut down .com/jack, but they can't shut @Jack or (.Horse/Jack down.

....

I'm still not quite sure of the play here. Are they trying to be the twitter of emoji handles? I mean, looking back, who would have guessed Twitter usernames would be as valuable as they are today?

IMO, the value in the twitter handle speaks more to the @Handle opposed to the URL Twitter.com/Handle. As folks may tag @Handle in daily conversation, much more likely than they would twitter.com/handle.

Now, looking back at the initial domain, Emojid.me, and wondering why the rebrand to Y.at, I have to ask does it have something to do with not wanting to cause confusion/conflict with the ever popular id.me identity site?

So, if the goal here is to give folks an emoji ID, I'm still not quite sure, why the Y.at part of the URL is necessary. I suppose the same could have been said about the twitter.com portion being necessary. The difference here being, twitter was more than a URL. Which begs the question, what tech is going to power Yat, so even in a catastrophic event such as losing access to the URL, what power will the yat servers be able to carry over to a different URL?
 
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It is best to remain silent about what I don't understand than open my mouth and look like a fool. Nothing surprises me anymore.
 
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It is best to remain silent about what I don't understand than open my mouth and look like a fool. Nothing surprises me anymore.

Coming from a country where the minimum wage is 250$ per month (and many people don't even make that), I sometimes cringe at the expensive price of some of these digital goods get sold at :sour:
 
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I am not sure about the rest of the world, but one thing to note is in the US crypto is treated as property not currency.
In Austria, for example, as far as I know, after holding a CryptoCurrency for at least 1 year, you don't have to pay any taxes if you convert it back into FiatCurrency. If you buy a car with the exchanged FC then, you have to pay a VAT - but only for the purchase of the car and not for the (independend) CC > FC gain.
 
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So, if the goal here is to give folks an emoji ID, I'm still not quite sure, why the Y.at part of the URL is necessary. I suppose the same could have been said about the twitter.com portion being necessary. The difference here being, twitter was more than a URL. Which begs the question, what tech is going to power Yat, so even in a catastrophic event such as losing access to the URL, what power will the yat servers be able to carry over to a different URL?

Assuming the (Austrian) .AT extension is on board, and stable, I think the benefit to Y.at is it's a single character, brandable to sounding like that, and is the next best domain (or arguably better depending if you're a .com or bust believer) than Yat.com which appears developed and #offthemarketforever.

Additionally, since netizens have grown accustomed to short ccTLDs being used by mainstream companies as URL shorteners, and assuming Emoji ID LLC didn't want to launch on an emoji domain because of puny code concerns, the decision to brand with Y.at might have had something to do with the benefit of the .at branding. eg. You can find me AT y.AT/🍍.

@DomainHacks.com -- since you're one of the most experienced branders of ccTLDs and emoji domains, I'd be very interested to hear your thoughts on this branding decision? I think I've gathered that you think it's gre.at, and that short = best, just curious what other thoughts you have regarding ccTLD + emoji branding, or just Y.at in general?

 
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