information Explosive claim about .xyz and “Swetha”

[Keith]

From Mike Mann on LinkedIn -

“Swetha is just an alias of Dan Negari. The vast majority of those high end .xyz sales are fake. The reason they appear to sell for BIN is because it is too complex and risky to use Afternic as a proxy to negotiate prices with himself.”

If this is true that would be unreal!

 

[scithe]

Mike Mann tries to sell trademark infringing names like GoogleGods.com for 40k and that's the person people are trusting?

I thought one of the NameBio guys actually logged into Swetha's Afternic account and screenshot all of the sales history?

 

[Yusupbabay]

I believe the sale of .xyz domains by swetha is real. because I see a lot of end users using the .xyz extension
My first sale in the domain business was Awal.xyz , and this domain has since been developed. so I really like .xyz
until now I still keep more than + 200 domains .xyz

 

[okaydomains]

So many people are hung up on her domains selling for e.g., $80k. We all understand this is peanuts to a VC backed startup, right?

I don't know Swetha, but it's not hard at all for me to believe a startup would buy a great keyword .xyz for that price range.

I sell xyz domains all the time. Not for big numbers like her sales, but people do buy xyz names.

What a strange conspiracy theory.

 

[Charybdis]

https://namebio.com/blog/swethas-sales-the-truth-may-shock-you/

TLDR version: the CEO of NameBio.com logged in to Swetha's Afternic account to actually verify these sales and the sales were indeed real.

These are real sales, why do you waste your time and energy with these nonsense threads? You'd better spend your time on acquiring and selling some domain names for real dollars instead of gossiping.

 

[kor]

It stinks of misogyny and racism.

Misogyny? Racism?!

No one is speculating about anyone's ethnic origin or sexual identity.

There are some oddities about sales that have been going on for a long time, and these issues are trying to be clarified.

Next time you're going to defend something, try defending from plausible points. Don't try to create a quarrel with aggressive attitude like a Karen.

 

[Traderas]

Just to prove your point that .xyz sells and has value you are ready to pay $20 .
If you believe .xyz has value why not buy for 4 digits? You can clearly see Swetha sells single word domains for five digits . If you really believe .xyz sells for $xx,xxx or $xxxxxx and promise to spend $6000-$9000 I will give you a single word name taken in 174 extensions.
I have not set auto renewal for any. xyz and let dropped the. xyz domains. So if you were still hungry after buying the above name I will check and pass the other 100+ ext domains as well .

I don’t care proving any point in here. My buyers aren’t in this thread.
This is exactly what you did, by saying that you can sell your domains for $20, while you don’t intend to…
At least I meant what I wrote…

I never said xyz domains sell for xxxxx or xxxxxx. There may be a small chance, but of course I wouldn’t pay xxxx for that.

Personally, I have made around 25k out of xyz sales, during the past 1,5 years, with initial capital of 2k.
I really don’t care whether Swetha is legit or not, but I m really thankful to this person

 

[HotKey]

It is clear some minds were made up long before xyz started selling. At its core, this is not about healthy skepticism.

 

[twiki]

I don't know for everyone else, but I am finally ignoring all DnGear posts.

Feeling relieved. It finally makes sense.

 

[Lox]

This is a small example.
April 25 - May 30, 2023, Total funding $936.4M
19 of 186 .xyz projects received $177 million investment

SpinAMP.xyz $1.25M
DemoxLabs.xyz $4.5M
Dispersion.xyz $40M
LabDAO.xyz $3.6M
Sort.xyz $3.5M
Tribe3.xyz $2.1M
OpenFort.xyz $3M
PYOR.xyz $4M
StoryProtocol.xyz $29.3M
AirStack.xyz $7M
Jia.xyz $4.3M
Together.xyz $20M
Odsy.xyz $7.5M
TripleLab.xyz $xxM *privacy
BlockTorch.xyz $4.2M
Tristero.xyz $4.8M
Vibe.xyz $4M
Fedi.xyz $17M


It is important not to rely on aftermarket places. Big % of ppl just reg. out-of-web3 mindset domain names in different extensions & after ... continue staring out of window, waiting for buyers to come. Networking 1+1=2+2=4+4=8+8=16 etc beats aftermarket places ...

NFC

Regards

 

[JB Lions]

Thanks for sharing that.

Though even if hardly any were developed, it is not that compelling as "evidence" of anything.

Many of my personal sales are never put to any use.

You can go to NameBio and pull up big sales in every extension. Many are never used.

Brad

Exactly, many times domains bought are not developed, some at a later date
-----------
In general...

Speaking of compelling evidence. Disbelief isn't evidence of anything. Most of what people are posting is disbelief, I can sense some envy, jealousy etc. because maybe some of her .xyz sales are bigger than sales some people have ever had. Lots of accusations backed by nothing. That shouldn't be done.

Speaking of Mann, it's interesting what he just did to her, many have done to him. Question some of his high dollar sales and the reason given is the same case here. You have lots of domains, you're likely to hit more. She has lots of 1 word domains that by simply looking at them, you can tell who's buying them, a lot crypto/tech sector.

 

[bmugford]

If prominent domainers are scratching their heads over this then some skepticism is warranted.

I am all for a healthy skepticism in general.

I have broken down the sales before. I also understand how domain investing works on a portfolio wide scale. You own a lot of domains, you sell some domains.

You can achieve high prices if your sell-through rate is low enough.

Mike Mann has made his share of head scratching sales as well.

Let's say you believe there is something shady going on with the sales, what could @DNGear possibly do to convince you otherwise?

It seems like a situation where the burden is impossibly high to satisfy some people.

Brad

 

[Thecryptoinvestor]

.XYZ is still popular. Some of my recent XYZ sales :

MetaCloud.xyz
Spaceverse.xyz
OmniDex.xyz
Futureverse.xyz
Playverse.xyz
ApeFest.xyz
LightVerse.xyz

 

[Jim Holleran]

Anything involved with Negari should always be cautious.

 

[DNGear]

I can understand some people's frustration.
I too haven't had much sales since the last 5 months.
Let's all pray god.

 

[pb]

Especially after Michael Sumner (from Namebio) claims to have had a look into her Afternic account to verify sales. https://namebio.com/blog/swethas-sales-the-truth-may-shock-you/

For me, that was the most shady thing in the whole conundrum. Who in their right mind would agree to something like that? Only someone who had a point to push through, and a meticulously prepared "backstory". I'm not taking sides and I don't particularly care for .xyz's success or failure, just saying.

 

[DomainBanana]

How about all of the end users who are using the names they bought from Swetha?

I guess the conspiracy is not only between Swetha and Daniel Negari, but also between all of the end users, too.

Hundreds of companies have come on board just to make Mike Mann look bad.

Well played!

 

[VadimK]

Mike Mann is wrong about Swethas sales and here's my evidence. I've already replied to his claims on twitter and he refuses to respond, but rather post schizophrenic claims that can be easily debunked by anyone with a working brain and Google..

Let me start with a taster before I give you the main course and dessert below with 53 other verified end users. Remember in December when Mike Mann and other numpties were calling Swetha fake then she reported the sale of conduit.xyz for $69,888 which they were all laughing about and saying "who would buy this random word in xyz for $69,888? Fake".

The site didn't get developed for over 3 months. But again undeveloped doesn't mean fake sale. Well here is the buyer.

Name: Andrew Huang
Twitter: https://twitter.com/KAndrewHuang
Company: Conduit.xyz
Funding amount: $7 million
Crunchbase: https://www.crunchbase.com/organization/conduit-169e
News Article: https://www.binance.com/en/feed/post/356854

Checkmate Mike Mann.

Hopefully after reading below and getting checkmate 53 more times, you will be able to think for yourself and make a more sensible conclusions based on evidence, not the voice in your head. I'm reposting the below info from my reply on another thread. Let's debate..

If you think you can debunk me, feel free to try. I operate based on good research, verifiable facts not schizo theories that people pull out of their asses and "I can't believe it so it's not true" or "I think xyz is ugly or stupid or spam so it can't sell for much" false logic arguments..

The people saying blahblah.xyz only sold for $xxx at namescon so all xyz sales are fake, need to go back logic school..her main audience isn't at namescon and they don't buy the same types of names that sell in .com..

PART 1 -

Out of Swethas reported sales which are less than 150, I have shown evidence of 54 verifiable end users. There are more but I got bored so stopped at 54 which is enough to make my point..

Many aren't developed, some still point to Dan Landers. Does that mean it was fake? I have about 8 .coms I sold on Dan, which still have the Dan Landers since as far back as 2019. All I'm going to say is I really enjoyed spending the fake money Dan sent to my bank for my fake sales..


Anyway regarding the end users who bought Swethas xyz domains, you can check for yourself. Not all are on Crunchbase, but if you are involved in crypto/web3/nft space you'd have heard of them..

Not all are funded startups. Some were bought by individuals who made money during the bullrun or already rich & they use it as personal project sites..

The ones on crunchbase as you can see have either raised millions of dollars or are venture funds themselves that provide capital for startups..

If a site isn't developed. Doesn't mean it's a fake sale. That's just bad logic. Even Mike Mann who uses the not developed angle to attack Swetha has a history of his 5 figure reported .coms not resolving.

Besides I've been tracking some of these names and they were undeveloped for over 1 year before finally getting built..



Let's begin

1- Spiral.xyz sold for $24888. Sold to twitter..while Jack Dorsey was twitter CEO. He also owns block.xyz and uses .xyz for his other projects such as the twitter rival BLUESKYWEB.XYZ | https://www.crunchbase.com/organization/spiral-c63e

2- Paramount.xyz sold for $45000. Paramount Pictures is a global media company, owned by viacom with a net worth of $14 billion. | https://www.crunchbase.com/organization/paramount-pictures

3- Stratos.xyz sold for $9888. An investment firm that singlehandedly funded a company called REZI $100 million in November. | https://www.crunchbase.com/organization/stratos-3388

4- Mesh.xyz sold for $9888. Created by founders of of Ethereum blockchain (Consensys). Funded $729 million. | https://www.crunchbase.com/organization/consensus-systems

5- Dragonfly.xyz sold for $19888. Run by some big players like Haseeb Qureshi (renown poker player, ex dev at airbnb), Tom Schmidt (ex facebook), Rob Hadick (ex golden tree, goldman sachs). | https://www.crunchbase.com/organization/dragonfly-capital-partners-eed4

6- Alliance.xyz sold for $50000. Raised $250,000 but they're a venture capital firm that frequently funds companies millions along with other VCs.| https://www.crunchbase.com/organization/defi-alliance

7- Fractional.xyz sold for $14888. Parent company/rebrand raised $43.9 million. | https://www.crunchbase.com/organization/fractional-9225

8- Skiff.xyz sold for $2995. Raised $10.5 million. | https://www.crunchbase.com/organization/skiff-402f

9- Decent.xyz sold for $7888. Raised undisclosed amount from OrangeDAO.xyz. OrangeDAO was funded $80 million. | https://www.crunchbase.com/organization/orange-fund | https://www.crunchbase.com/organization/decent-xyz

10- Highlight.xyz sold for $7888. Raised $11 million. | https://www.crunchbase.com/organization/sea-ranch-labs

11- Arcade.xyz sold for $25500. Raised $17.8 million | https://www.crunchbase.com/organization/arcade-1e53

12- Tiptop.xyz sold for $15000. Raised $23 million | https://www.crunchbase.com/organization/tiptop

13- Matcha.xyz (I can't find how much it sold for but I think it was reported by @DNGear . Likely 4-5 figures) . Project by 0x.org. 0x raised $109 million| https://www.crunchbase.com/organization/0x-project

14- Daylight.xyz sold for $14888 & resolves. Raised $3 million| https://www.crunchbase.com/organization/daylight-039f

15- Siren.xyz sold for $22310. Raised $5.2 million| https://www.crunchbase.com/organization/siren-acf2

16- Stir.xyz sold for $39888. Redirects to usestir.com. Raised $20 million | https://www.crunchbase.com/organization/stir-money

17- Primitive.xyz sold for $39888. Raised $12 million. | https://www.crunchbase.com/organization/primitive-89c6

18- Flip.xyz sold for $27888. Raised $6.5 million | https://www.crunchbase.com/organization/flip-ef7e

19- Destiny.xyz sold for $8895. They also own d.xyz. Raised $5 million. | https://www.crunchbase.com/organization/destiny-4736

20- Runway.xyz sold for $19888. Redirects to runway.com. Raised $4.5 million | https://www.crunchbase.com/organization/runway-financial

21- Embed.xyz sold for $14888. Raised $4.5 million | https://www.crunchbase.com/organization/embed-9c37

22- Covalent.xyz sold for $4995. Parent company Agnostiq raised $2.8 million | https://www.crunchbase.com/organization/agnostiq

23- Davos.xyz sold for $19888. Raised $500k from Polygon Ventures & undisclosed amount from 0xbeacon| https://www.crunchbase.com/organization/davos-protocol

24- Cheq.xyz sold for $2995. Raised $2 million. | https://www.crunchbase.com/organization/cheq-6953

25- Soteria.xyz sold for $4000. Parent company is bridgewest group/ventures based in New Zealand who manage around $4 billion in capital | https://www.crunchbase.com/organization/bridgewest-group

26- Ryan.xyz sold for $5888. Bought by Ryan Junee. Founder of Parsable which got $132 million in funding + Omnisio which Google acquired| https://www.crunchbase.com/organization/parsable

27- Tribes.xyz sold for $4995. Raised $3.3 million | https://www.crunchbase.com/organization/tribes-protocol

28- UpShot.xyz sold for $3995. Raised $30.5 million | https://www.crunchbase.com/organization/upshot-d781

29- OffBeat.xyz sold for $8988. Raised undisclosed amount, but investors include Mark Cuban & Atlanta Ventures. Check their LinkedIN profile for more info on the founders| https://www.crunchbase.com/organization/offbeat-media-group

30- Zapper.xyz sold for $7888. Raised $17 million. | https://www.crunchbase.com/organization/defizap

31- Dune.xyz sold for $4995. Raised $79.4 million | https://www.crunchbase.com/organization/dune-analytics

32- Talisman.xyz sold for $4995. Raised $2.5 million | https://www.crunchbase.com/organization/talisman-750e

33- Continuum.xyz sold for $6495. Raised $2 million | https://www.crunchbase.com/organization/continuumxyz

34- Hyperspace.xyz sold for $4995. Raised $4.5 million | https://www.crunchbase.com/organization/solanalysis

35- Pager.xyz (I can't find how much it sold for but I think it was reported by @DNGear . Likely 4-5 figures). Raised $7.9 million | https://www.crunchbase.com/organization/pager-c832

36- Flare.xyz sold for $2000. Raised $11.3 million | https://www.crunchbase.com/organization/flare-networks-417a

37- Frontier.xyz sold for $9888. Raised $1.9 million | https://www.crunchbase.com/organization/frontier-wallet

38- Pallet.xyz sold for $4888. Redirects to Pallet.com. Raised $4.9 million | https://www.crunchbase.com/organization/cardea-e310

39- Islands.xyz sold for $3495. Raised $3.5 million | https://www.crunchbase.com/organization/islands-1881

40- Props.xyz sold for $7888. Raised $27 million | https://www.crunchbase.com/organization/props-6624

41- Objects.xyz sold for $6000. Bought by Jason Toff founder of things.inc. He used to work at Google & Meta. He owns rooms.xyz too. | https://www.crunchbase.com/person/jason-toff

42- Manifold.xyz sold for $3000. One of the biggest NFT marketplaces. Raised undisclosed amount from Christies Inc. Likely a high 7 figure to low 8 figure seed funding round| https://www.crunchbase.com/organization/manifold-4ccd

43- Futureproof.xyz sold for $4500. Team behind the Wagmi United NFT which bought a football team in England (Crawley Town FC) for like $3 million & collaborated with Adidas for a merch drop.

44- Clubhouse.xyz sold for $4995. Bought by the clubhouse audio social media platform. Raised $110 million | https://www.crunchbase.com/organization/clubhouse-voice

45- Chia.xyz sold for $3995. Bought by Kevin Rose founder of DIGG & Moonbirds NFT (moonbirds.xyz + proof.xyz). | https://www.crunchbase.com/person/kevin-rose

46- Entropy.xyz sold for $6500. Raised $27 million. | https://www.crunchbase.com/organization/entropy-5d14

47- Heyday.xyz sold for $3000. Raised $6.5 million. | https://www.crunchbase.com/organization/heyday-d38f

48- Patron.xyz sold for $9888. Investment firm that frequently funds million dollar seed rounds. | https://www.crunchbase.com/organization/patron-9285

49- Squid.xyz sold for $34888.| Squid DAO is one of the most popular DAO's in the ETH space.

50- Ante.xyz sold for $19888.| Popular & active ETH protocol

51- Fragment.xyz sold for $5300. Bought by team behind applied primate NFT. Very active within the NFT space & own multiple bored apes. | https://twitter.com/fragmentxyz

52- Shiv.xyz. (I can't find the sales price but probably low/mid 4 figures). Bought by Shiv Madan, founder of NFT.org & Moonwalk.com | https://www.crunchbase.com/person/shiv-madan

53- Plasticity.xyz sold for $2995. Bought by Nick Kallen an experienced software engineer who worked at Twitter. | https://twitter.com/nk


PART 2..

The thing is for the assertion that it's a wash to even remotely not sound stupid, you'd have to claim that multi billion dollar companies like Twitter, Paramount Pictures, Yugalabs, Paradigm and others are involved in what you describe above.. because as evidenced by my research above, they have all bought some of Swethas names..


Most of the other end users that have developed their sites are crypto/web3/NFT companies, that recently got millions in funding which is verified by crunchbase..

If a company raises millions is it far fetched that they can afford a 5 figure .xyz domain? Simply Google each of her sales + Crunchbase & you'll find the end users..


If negari is remotely involved in "faking" the above sales, the only possible way that doesn't involve witchcraft would be that the parent company of Crunchbase which is Techcrunch/Yahoo which are global corporations worth billions have all come together to report fake news so a few thousand irrelevant domainers will buy a few million dollars of Daniel Negari's xyz domains for $1 each. What a good business plan. STONKS..

I am just showing data to help you identify a market trend of companies within a certain niche that got funded millions by venture capital firms, spending less than 0.5% of their budget on a domain..

Unless you want to claim that Crunchbase/Yahoo are actually working with the xyz registry to fake these funding rounds & these million dollar companies are actually either non existent or too poor to spend $10k on a domain that they are currently using on live sites which their social profiles link to..

Because that is the only possible angle remaining since these claims of fake sales have been debunked on all other fronts.

Now I am more than ever convinced that xyz is an artificially created bubble with no future. Let's be real - these 53 ''sales'' got chosen not because someone was ''tired'' of checking, but because this number is close to the full number of ''bought'' xyz domains that actually lead anywhere. The rest of Swetha sales will be just broken links and unresponsive pages.

I just checked a few from the list and it's funny - they are just xyz redirects to com or other extensions (ClubHouse, Pallet, Objects, Islands etc) with no evidence that these names were bought by the people mentioned in the links to crunchbase. Like in the crunchbase profile of Kevin Rose there is zero evidence that he bought Chia (he never mentioned it in his portfolio or activities). In fact, Google doesn not recognize this (Kevin Rose Chia) combination as his project or anything related, and AI scratches the head too. This list is full of cases like this. It's like me registering MyHugePenis.xyz, redirecting to Tesla.com and saying this domain name is Elon Musk's latest acquisition.

Those who's got time - feel free to check all names, later post the result ))

Some sites that live on xyz look very much alike (not saying they are all fakes, but it's weird).

And also I am not saying all purchases 100% are fakes - some could be real though, because of hype and aggressive marketing from Daniel Negari. Few Silicon Valley geeks filled with cash fitted right in for ''new hot tech crypto'' tld. And for sure he's got lots of connections in the industry. But it will be a couple of dozen sites - c'mon - for the whole tld with more than 8 years of history?

Bottom line - big bubble with no future.

 

[alienbaba]

No, of course she doesn't. At least when I last checked few months ago, but don't think anyhting changed ever since )) One person keeping 20k+ domains for many years (one extention only, and forget the renewals of course - it's nothing for her) never sell, all of a suddent - 200 sales in 2 years, all of the same type, BIN, no bargaining, no one else sells, tld is unpopular as hell amongst all the industries except few crypto geeks maybe, but alienbaba will now explain to all of us that all sales are real, Swedha is truly leading by example )))) All of you just don't worry, keep buying ))) Just ''use google and brains'' (that's a special key on his keyboard )))))

Don't you get tired of getting debunked?

Everyone on namepros can literally see Swetha selling many .xyz in the early days for a few hundred dollars right here on namepros, then 2020/2021 happened and she slowly increased prices to low/mid 4 figures, then to 5 & 6 figures..

Most of the sales I listed above which happened before summer 2021 were literally between $2k & $9k, then crypto bullrun happened she increased prices with crazy BIN and luckily got some 5 figure sales from crypto/nft companies that got funded millions..

Is this really hard to understand, or are you deliberately being thick?

 

[HotKey]

This is déjà vu. Look, if you are claiming fraud without evidence, you are the fraud.

Don't you get tired of getting debunked?

They never do, we've tried on on other threads but it is clear the only "fake" is the people posting this wacko nonsense.

 

[eyedomainous]

As ~98% of registered domains never sell the only thing a professional domainer should publicly say when a sale is reported is Congrats! The question the industry should focus on at this time is; How to 'sell' more.

Domaining is still new. People are shocked when a name sells for millions... so its easy to caste the shadow of doubt on big sales, and not much bias framing can easily 'suspect' the sales person.

IMO, domainers attempting to publicly tarnish the sales of others debase the trade, like those that smear domainers as squatters.

If public proof is the measure, virtually every sale is suspect.

But, in The Domain Game. Playing games with names is the business.

 

[Mkt Sales Leads]

And the sales keep rolling in:

https://twitter.com/x/status/1682300105276403712

 

[Joe drake]

I saw this, but where is the actual evidence?

Without evidence, it sounds more like a claim based on personal incredulity.

https://twitter.com/x/status/1665530611501547520

would not be the first time people posted BS sales like a 2 word ''handreg like'' domain that sells for abot 97k ,I think this whole industry is full of crap ,you got a company like godaddy selling premium domains that are not even registered anymore ,thats like a stock that went bankrupt and there still selling shares , by the way I dumped all my godaddy stock yesterday ,bought verisign stock and tesla leaps with the profits

 

[HostGeeks.com]

It’s not frustration it’s skepticism,
Please stop with the condescending posts and Address the claims.


Show attachment 239597
[/QUOTE]

I can understand some people's frustration.
I too haven't had much sales since the last 5 months.
Let's all pray god.

 

[NameBuyer.com]

Regardless of the truth to all this, I think the skepticism of an extension is natural when the extension is owned by a company or individual. We've all seen .best and .top promoted here to domain investors, and the value of most of these extensions usually go nowhere.

The problem with a company or individual owning an extension is there can be a huge incentive to create a "hero" who receives a ton of generated sales. Even if they had to pay commissions on each sale, it would be a small advertising cost compared to the registrations and renewals it would consistently generate.

Not saying that is what's happening here, but I've always held a high level of scrutiny for any situations where 1-2 people are telling us how great something works but the math does not work out for anyone else or there is little transparency. Look at the recent scam with the FTX crypto exchange where people were scammed out of $8,000,000,000. As investors that are responsible for our own success and failures, it's critical that we maintain a level of scrutiny to avoid large losses.

 

[Lox]

Do you want me to spoon-feed you with more research?

Please, don't. Let the ppl practice DD and expand /develop skills & knowledge. Thanks for your time and DD.

The last 48h. funding rounds that a dot xyz projects raises:
Lens.xyz - $15M
HyperPlay.xyz - $12M
Taiko.xyz - $22M

Regards