Recessions are temporary.
Things were record breaking good in 2021, when all that loose money was dropped on the economy.
To say Fed tightening is impacting VC funding levels to startups is a verifiable fact.
Knowing the economy is in recession shouldn't cause you to sell premium domains.
The knowledge is to inform you to stay as liquid as possible and not to be surprised if your domains don't sell at 2021 prices or deals don't happen because startups are on slashed budgets.
If you are forced to sell premium domains at clearance prices before Q4 2023, that's not on Rick or any other buyer - that falls on you.
Don't sell, hold.
Not arguing against a slow down but looking att Namebio sales data it is not slowing down significantly. September and August where quite similar in number of deals closed (12k or so reported) and first week of October is trending in a similar way.
I ask myself why one would be forced to sell of premium inventory. The cost of renewal/holding on is peanuts compared to cost of acquisition or cost of slashing prices wholesale for fine names.
Maybe if the guy and others here didn’t continue to push our industry into the ground by saying, “if ain’t .com / it’s shit”
we are in the web3 space now ^ not the web2 space ^ the internet is only going to continue to expand and grow > 2,000,000,000 sites online, you cannot limit them to just one .extension
Not even Bitcoin or Ethereum own their .com domain ^
How about Rick and the others feed the value of the domain industry as a whole through the investment of great names
Doesn’t matter if it’s .com
The people will listen to The King / seldom do they think for themselves