I'll speak for myself... I don't "bash on" about people investing in new GTLDs. i challenge when people, unjustifiably proclaim that the extension that they have chosen to invest in is doing, or will do, something that it isn't or likely won't.
EG. .xyz is the most popular extension with web3 properties... Untrue, evidence shows otherwise.
EG .link is as good as an investment as .com because it does the same thing. Untrue.
But I don't pass judgement on what people invest in. That's up to them.
Letโs address a few points
Verisign and their monopoly and maintaining absolute control on any powers they donโt already possess
Case and point ^ Verisign has been telling their major shareholders and private investors (like yourself) and (even me) and businessโ alike to โONLYโ invest in .com
While they do this ^ they also bid in secret on ownership rights over new .extensions
Verisign brought .xyz to court and lost / because they couldnโt prove that it was possible to handreg a single valuable domain name ^ itโs not possible today, double keywords (the same) triple keywords (pretty much done) but what does this have to do with the industry ...
It โwasโ overwhelmingly overpopulated, hence ICANN has promoted new .extensions whilst maintaining a friendly relationship with Verisign, whom we know for a fact invests in new .extension(s) and why do they do this ? Isnโt it obvious, they need to create a new marketshare for their investors (because) renewals arenโt quite cutting it for Verisign these days ...
In order to sustain the future of Verisign, it is impossible for them not to seek alternative investments (and) if itโs coming from Verisign, you can imagine the time and money they are spending on the subject, along with Google, Microsoft, TenCent, Alibaba, BaiDu, Amazon, Apple, etc.
Do they advertise publicly, no (why) because weโre not quite there yet.
https://apple.watch >>>> goes where
https://twitch.com >>>> goes where
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Back to .xyz / .xyz formed the first partnership with ENS, the ethereum naming service, an incredibly valuable tool, when used correctly ... but even better news, .xyz has the 1st partnership with ENS while also maintaining their valid authorization as a DNS .extension through ICANN
This means .xyz can be utilized as a blockchain address and a standard URL accessible by anyone with access to the worldwideweb ...
Fast forward a year later ^ what happens, Verisign writes up a nice pretty check to get the same rights as .xyz / and of course ENS signs the deal, along with 10 other traditional domain .extensions ...
Itโs this kind of thing that turns something good into something โunpredictableโ - I donโt believe it to be a bad thing, actually quite the contrary, I believe these small steps for the internet and domain names lead to bigger and better investments in what it is we all hope to accomplish
Good numbers for our domain names
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I think too many people focus on .extensions altogether ^ especially domain investors in general
what we should be focusing on is good names, if itโs .com โawesomeโ if itโs another .extension that matches with the keyword, โawesomeโ - good domains that match accordingly have proven that they can create a new market share for us as investors ^ itโs in plain sight
I donโt expect
@bmugford or
@MadAboutDomains to change their way of thinking / but maybe this information brings more value to their ears ^ I have to say Iโm surprised that Brad is invested in other .names โonlyโ because the way he has presented his investments or advice, it seems like he has no care for anything else, even promoting a name (if) itโs a good name
I have been lucky to generate a 5000% + ROI on certain new GTLD investments and I imagine that my partner and I could very well be the 1st to close a seven figure GTLD sale publicly, (not including sex.xxx)
Things go as they go ^ invest in good names at the end of the day
And if two halves meet, we can come across the whole pie ! One that can be enjoyed by everyone sitting at the table.
