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!

 

[MadAboutDomains]

whoops. Wrong place

 

[Yusupbabay]

I was excited today to see Godaddy.com increased appraisal for the XYZ extension.

 

[MadAboutDomains]

I was excited today to see Godaddy.com increased appraisal for the XYZ extension.

Show attachment 240588

Reckon it might be a glitch?

 

[Yusupbabay]

Reckon it might be a glitch?

this proves godaddy.com has recognized the value of XYZ domains due to increased sales to end users of XYZ extensions.

 

[gotdomain]

I usually see her selling and always thinking about who is buying them and how they are gonna use these domains. I have never seen major sites which have extensions xyz

 

[johnn]

Why do you wasting the time to know what's your neighbor is doing?
Stop being nosy and spend the time to market your name.
She did not cheat or scam anyone so why wasting the time to do the investigation.
This is not fair to her and this is how you lose money because what she did is none of your business.
Mod should close this thread. Why let everyone humiliate a member?

 

[iDat]

You all have too much time and energy to spend on someone else.

Instead focus on yourself.

 

[MadAboutDomains]

You all have too much time and energy to spend on someone else.

Instead focus on yourself.

Please focus on yourself instead of focussing on people focussing on other people.

 

[iDat]

Please focus on yourself instead of focussing on people focussing on other people.

Yes Sir.

 

[MadAboutDomains]

Yes Sir.

 

[mwzd]

Nothing new, people lose their minds when their thinking (.com or bust) is challenged, specially by data.

It used to be cctlds over a decade ago, when Ray started the .TV forum or when I started the cctld forum on NP, most laughed. cctlds only accounted for 3% of all registered domains. Today cctlds account for 40% of all registered domains. 7 of the top 10 tlds by number of domains registered are cctlds.

Now it's newgtlds, specifically .xyz and DNGear because they're the one making bank and getting recognition for it. Are all ntld sales suspect? So many registries provide actual data on premium sales totaling millions of dollars, think Radix showed over 20m in sales, are they suspect too?

DNGear has shown sales on afternic to a third party, Reza confirmed their Dan sales, why do you have such a tough time believing them? They targeted the right market for the tld they invested in, good for them, shows anyone can come in at any time and make a mark on this industry, huge positive if you ask me.

I've sold names in .org, .tv, .pro, .one, .ag, .im and a lot of other tlds which most of NP users ignore, in fact I stopped reporting sales for exactly this reason. Everyone wants you to provide proof, yet the same yardstick isn't held for .com, because all those sales are real of course.

In any case, what someone sells or doesn't / should not affect your journey, that is completely reliant on your own portfolio, dyor, buy names where the domain itself has value, irrespective of what anyone else says. Unless you have a time machine or a large budget you're not going to be able to achieve the same success in .com as the incumbents.

.com is the top tld by a long shot, almost anything works with the .com right of the dot, not true for any other tld, which is why it is most popular, but if you keep buying names that no one else wants in .com, it's not going to help you either.

Stop wasting time looking at what someone else is doing, it doesn't affect your performance, only your own names do, spend time researching names, go read the methods used by the top investors, but concentrate on getting the best names you can, that's what's important. Good Luck!

 

[Maggie Mae]

IDK ... but out of curiosity, I looked up the meaning of the name Swetha, b/c I've only seen one photo associated with the name. Meaning below (from my firs tname rocks)

I hope she is a real person that has made big sales.

But it's strange that some common marketplaces will not allow the xyz domains to even be listed for sale and she just blows them out frequently and above the average.

Has Swetha ever been interviewed on the phone/zoom (not just email), a podcast, or spoken at any domain name events? Has anyone met her in person?

"

Secret Meaning of Swetha​

Swetha is a name that connotes you are ahead of your time. Your intelligence and brightness will enable you to achieve great things in your lifetime. A master builder! Respected by many and considered an authority on many subjects. A downside to your personality is stubbornness."​

 

[chenzen]

But it's strange that some common marketplaces will not allow the xyz domains to even be listed for sale and she just blows them out frequently and above the average.

Which "common" marketplace doesn't allow listing xyz domains?
Afternic? Dan? Sedo? Other puny platforms?

 

[maksimfa]

Mostly got done reading the thread and my two cents from being primarily a business person and just happen to own a large portfolio of domains versus domaining.

1. I think people are getting caught up into whether or not this person is real or that the transactions actually went through...

I do think they are real, and yes, the transactions went through....
However it is all irrelevant.

What is most likely occurring, is a bunch of self dealing and self promotion in order to prop up prices, aka a pump and dump but in the TLD world.

What is a domain worth? 1. Whatever someone is willing to pay for it.... 2. that price is supported by historical data.

Look at the valuation of what people pay for liquid domains... we pay those prices because that is what the price was a few days ago. lol.

How do you get people excited about a new extension? Artificial scarcity and and some "sales history."

Keep in mind, .xyz was a turd just like .top .best, etc... you had $1 giveaways on these domains.

Now we have a bunch of domains which are premium pricing reserved. Same stuff you would handreg for $1... is now $3,500?

So how do you justify $3,500? Let's say you are sitting on blue.xyz.... and you are asking $3,500...

You get a friend to list red.xyz for $5,000, you get another friend to buy that domain... you end up paying some commissions and credit card fees, but hey.... you now have a history where a color xyz sold for $5,000....

Do it a few times... and now all of the sudden, paying $3,500 for a "premium" domain seems like a good deal.... despite that name being able to be registered for a $1 a few years ago.

Are there going to be a bunch of people who get caught up into the hype? absolutely. because to an outside observer... there is money being transferred and brokerage fees being paid. In the grand scheme... that is super cheap for marketing. lol.

And when only a few people control the entire portfolio of "premium" domains, you absolutely need to look critically.

And yes... this does happen in the business world all the time... companies will get friends to make offers that are extremely low in order to lowball so your own offer looks better.... and people artificially run fake transactions, pay credit card processing fees in order to put some revenues on the books to impress bankers.

Why is anyone shocked about it happening here? Domainers are business people and they are not stupid... just newbies are, and those professionals have ZERO issues separating you from your money.

 

[Joe123]

Comparison is the thief of joy.

Continually comparing oneself to others almost guarantees unfulfillment. However, this is different to using others' techniques, tools and psychology to improve oneself.

I find it unlikely that Swetha's xyz sales are a conspiracy to support the xyz registry. If true, why did she take up ~20,000 keyword domains for years, blocking others from registering them and stopping the registry changing them to premium renewals? Think of all that lost registry revenue... Wouldn't it have been better to register a smaller number and then drip selective sales???

Many xyz sales do seem weird from a traditional domaining point of view. For example, an 'ultra premium' keyword selling for less than a brandable keyword. The sales makes sense in the context of a) web3 companies flush with money seeking brandables and b) the premium renewals of 'ultra premium' domains.

 

[Lox]

As long as Swetha keeps the price/s for one word xyz names above $50K , I'm happy to pitch my mad dog names xyz to carefully selected web3-based projects for $10K+. Hard cheese ... like any other extension incl. com .. the timing is important. To pitch any of xyz domains to the guys/co... currently building up with empty pockets is worthless. imo

Regards

 

[Bla2e]

Going through the huge number of replies, I can only draw a conclusion for myself, i.e., I don't know if Shwetha is real or not, or if the sales are real or not.
It might be a pump & dump kind of a thing which is common in the crypto scene (to increase registrations for .xyz - thus ultimately increase profits for Negari) OR it might be genuine sales.

All I know is, the value of the domain is in the eyes of its buyer.

For example, I'd never pay $30m for Voice.com - as I don't find the value of the particular .com to be $30m
My ceiling would be $300k for Voice.com

Some may laugh at the above statement but that's just what it is. I've even followed Mike Mann's two-word and three-word domain sales and wonder if people are actually paying that much for long domain names. It makes it hard to accept but he (& his team) has got the talent to sell sand to someone living in the desert.

A similar case can be for Shwetha. She may or may not have a network/contacts of Web3 companies/developers - it's just people are seeing value in .xyz (I personally do not) and are paying hefty amounts. It does look a bit suspicious, I won't say it's as white as milk but hey its working for her (and perhaps no one else).

It would be kind of unfair to make an individual prove themselves again & again but at the same time the whole "proofs" being given seem too good to be true.

I respect Shwetha for keeping her personal life, private and not disclosing/sharing any convincing proof of her existence. Also, the mob demanding more & more proof about her buyers - don't most of us mask or never share who bought our domains?

So bottom line, Shwetha/DNGear can be Daniel Negari or she might be an actual genuine person, let us find solace that she's not jumping or using her sales proceeds/techniques/ideas/network for .com - as that would really up the ante and we definitely wouldn't want that :p

 

[maksimfa]

Going through the huge number of replies, I can only draw a conclusion for myself, i.e., I don't know if Shwetha is real or not, or if the sales are real or not.
It might be a pump & dump kind of a thing which is common in the crypto scene (to increase registrations for .xyz - thus ultimately increase profits for Negari) OR it might be genuine sales.

All I know is, the value of the domain is in the eyes of its buyer.

For example, I'd never pay $30m for Voice.com - as I don't find the value of the particular .com to be $30m
My ceiling would be $300k for Voice.com

Some may laugh at the above statement but that's just what it is. I've even followed Mike Mann's two-word and three-word domain sales and wonder if people are actually paying that much for long domain names. It makes it hard to accept but he (& his team) has got the talent to sell sand to someone living in the desert.

A similar case can be for Shwetha. She may or may not have a network/contacts of Web3 companies/developers - it's just people are seeing value in .xyz (I personally do not) and are paying hefty amounts. It does look a bit suspicious, I won't say it's as white as milk but hey its working for her (and perhaps no one else).

It would be kind of unfair to make an individual prove themselves again & again but at the same time the whole "proofs" being given seem too good to be true.

I respect Shwetha for keeping her personal life, private and not disclosing/sharing any convincing proof of her existence. Also, the mob demanding more & more proof about her buyers - don't most of us mask or never share who bought our domains?

So bottom line, Shwetha/DNGear can be Daniel Negari or she might be an actual genuine person, let us find solace that she's not jumping or using her sales proceeds/techniques/ideas/network for .com - as that would really up the ante and we definitely wouldn't want that :p

Keep in mind, it could also be Shwetha that creates fake sales to get numbers and value up... She has the most to lose if all of the sudden .xyz domains are back to selling for $10.

No one wants to be stuck holding the bag. lol.

 

[Lox]

Disappointingly, is that most people in the domain 'flipping' world aren't interested in 'what's going on' (due diligence) information at all.

Indicators

Registry
Registrar
Aftermarket
Niche
Projects
Fundings
Notable Brands move /shift
Rebrands
Innovations (inspired by)
Science - Research
etc



Science is the bedrock of "naming" that plays an irreplaceable role in the betterment of society. Not predatory startups.

This (above) diagnoses the current problem with insufficient sales = stoping any further -in & out- investment/innovations in this industry.

Most of ppl will face tough choices in the next two years, in the face of limited room for expansion, cornered by Aftermarket hubs & dn portfolio companies s.a. GD NF, TC's HugeDN, etc. Another impact of recent trends in DNI & aftermarket is a dramatic shift in WHO is sponsoring, investor, owning registry/registrar.

.... Who & What are they planing/doing is what you need to know.

I didn't recognize on time -What- xyzregistry brains can (&'t) do or are capable of in terms of marketing/promotion. So, once sales starts popping, my curiosity decided to run the test.
Still testing.

NFC

(It's best to move on and ride the wave rather than drown in sand.)

Regards

 

[monotheist]

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!

I have telling this for the past 2 years.