Crazy right?
And on the data, yeah Namebio keeps track of everything so there are a lot of GoDaddy auction sales in there bringing down the average price.
Itโs not crazy at all, and if you were a GTLD investor, you would know that ...
.com has been marketed all over the world the last 25 years to the average consumer and .com has become a product itself,
I wonder why though ? Really ... Well let me point out a few things,
GoDaddy doesnโt allow brokering of GTLDs unless they own it ! Uniregistry owned by GoDaddy ^ same deal
SEDO doesnโt allow you to auction off GTLDs at their Grand Auction unless you own the registry for the extension you wish to submit ... what kind of rule is that ? One of the largest domain marketplaces in the world and you can only submit GTLDs to the grand auction if you own the .extension
The only credible platform GTLD owners can sell their names off of is Afternic and DAN, โsureโ you can still submit your names to SEDO and pay to market on their main rotating landing page, you can even have the names come up amongst the tens of thousands of search results,
But the truth is ^ these companies were built off the old guys who became rich off .com so that is what they support ^
And within the last year, GoDaddy has recognized that new companies are coming into play especially with DeFi and Crypto and theyโve decided to change their algorithm; instead of recommending other .com domains; they have decided to market the same โsearched keywordโ with different .extension options, ultimately giving greater access to consumers who are looking to invest or buy a domain for their business
And now we are seeing registry owners whom have started to understand that renewal prices need to be consistent and fair to endusers and investors
All this said, the PRO .com investors should be thanking the GTLD investors for driving up the value of .com domains and domains in general, there has been great recognition brought forth to domains through the likes of domain marketing on a scale that is only ^^^
Sure as shit, ShopApp.com isnโt a $200K name ^ Shopify didnโt think so, neither do I, but they paid $200K for Shop.App
If youโre going to invest in domains wether they are .com, CCTLDs, or GTLDs, then invest in exact match keyword domains in valuable industries, and do not put all your eggs in one basket