domains FanTokens.com and Twitter account $3MM+

[Lox]

Alexandre Dreyfus (Chiliz.com & Socios.com)
Twitter @alex_dreyfus

Excited to announce that we acquired the domain name FanTokens.com and Twitter account @FanTokens
for more than $3MM USD.
This new digital real estate for us consolidates our leadership and authority in a market we created 3 years ago.

https://twitter.com/x/status/1398171802619240448

Also acquired FanToken.com to consolidate our business vertical globally.
(FanToken.com fw to FanTokens.com)

https://twitter.com/x/status/1399447440533639173

 

[bmugford]

If true, congrats to the seller. LOL

Also, should really be careful about announcing you bought a Twitter handle, on Twitter, where it is against the TOS.

Brad

 

[wwwweb]

My guess he acquired it himself personally, and sold it to his company for $3M.

It was acquired from hugedomains a while back, so I would guess probably under $4K, to a company in Malta.

I have had talks about domains with this guy, and he offers like $1-2K for domains that are no brainers in the 5 figure range.

 

[bmugford]

I feel like there has to be more to this deal. I highly doubt they just contacted some random domain owner and a $3M domain sale was the result. It seems like a major outlier that likely has more behind the story.

Brad

 

[bmugford]

Look like a bogus claim that fantokens.com has been acquired for 3 Million US Dollars. It seems there is a big plan to swindle people's money.

There is certainly a lot of BS in the crypto field.

Most of these projects will use marketing fluff and other tactics to hype their shitcoins.

Who knows what to to believe.

Brad

 

[griff]

a quick look at their CEO Alexandre Dreyfus & you'll see he's a domain lover with over 750 names.

he even wrote he enquired about NFTS.com but was quoted 31 million

 

[redemo]

Why $ 3 MM not $ 3 M? Oh wait I googled it (you see I'm not lazy @Future Sensors) "In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. The Latin numeral M denotes thousands. Thus, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000”, which equals 1,000,000 (one million)" https://corporatefinanceinstitute.com/resources/knowledge/other/mm-millions/

 

[wwwweb]

I think their main focus has been euro soccer, and to give token holders the ultimate fan experience, it has really worked, people are willing to pay for it. I beleive the concept is good, the guy has created a lot of PR, but if you think your getting $3M for your token domains, not happening. I don't even think token.com, or tokens.com brought in that much combined.

 

[HotKey]

Hmm not sure what was the bulk of the deal here, the dot-com or the twitter.. but what a great example of beauty is in the eye of beholder. Full stop.

At least the singular is owned as well.

 

[Dave]

Wow.. unreal. It was hand registered in December 2018.

 

[Haroon Basha]

Look like a bogus claim that fantokens.com has been acquired for 3 Million US Dollars. It seems there is a big plan to swindle people's money.

 

[jhm]

@bmugford To be spending that kind of money and have your Twitter account suspended ...thats a big "lol", but a tragedy

Pretty sure Twitter must be aware of it, and considering these things an "exceptional circumstance"

 

[Samer]

Wow

 

[slader23]

I feel like there has to be more to this deal. I highly doubt they just contacted some random domain owner and a $3M domain sale was the result. It seems like a major outlier that likely has more behind the story.

Brad

Archive.org showed that it forwarded to Viodistribution.com, this excerpt is directly from the ABOUT section on their website:

Founded in 2007, Vio is an independent distribution company providing global solutions for record labels, artists and content owners. Our diverse distribution channels help our partners expand their global audience and collect more revenue. We distribute music, videos and NFTs across leading platforms worldwide. Our knowledgeable in house team has decades of collective experience providing promotional, digital marketing, licensing and blockchain related services.


So looks like they acquired it from another company in the space who weren't really using it effectively, but knew it's value which is why it cost them 7 figures. This looks to be the outlier information, but, imho with the valuation that's been reached I think with this end user....it probably didn't matter who owned it.....they had an overwhelming need for the name. When that situation occurs it ends up being more like a "how long is a piece of string" type of negotiation imho...

 

[Kingslayer]

Amazing sale, i don't understand crypto, but the market for domain names in this space seems crazy!

We've had info of 2 seven figure deals (crypto related) in the last 2 days (this and Exodus dot com).

 

[Lox]

I feel like there has to be more to this deal. I highly doubt they just contacted some random domain owner and a $3M domain sale was the result. It seems like a major outlier that likely has more behind the story.

Brad

Eric Bobo Correa (wiki)
bobotoken.com
twitter.com/EricBobo
www.viodistribution.com/fantokens (< FanTokens.com)

 

[xcloud123]

i think it is unreal.
It was hand registered in December 2018.
any one can use the archive.org to see the domain history?
many crypto / blockchain company just want to sell their coins , you known that

 

[griff]

It was acquired from hugedomains a while back, so I would guess probably under $4K, to a company in Malta.

probably Viodistribution then that bought it from HD, someone else mentioned the name in that price range

https://twitter.com/x/status/1398249167332466690

 

[iAdam]

Something is fishy about this story and Buying a twitter handle might result in the suspension of that account.

 

[Save Breach]

Buying a twitter handle might result in the suspension of that account.

Buying, but not acquisition. In this case, this can be seen as the acquisition of FanTokens as an entity IMO (with the domain name). Moreover, they are not buying it for the purpose of reselling or, spamming which Twitter is against.

Most of these crypto projects have surplus money, they waste millions, didn't come as a surprise to me. Think of it as the .COM Bubble that came with reckless spending

Cheers

 

[Lox]

Before, FanTokens was fw to viodistribution.com

A. Dreyfus @ Medium Socios.com Jan 30, 2020

----

Blockchain Fan Tokens Unlock New Revenue Streams for Sports Teams
read more (Protokol)

 

[D Haynes]

My guess he acquired it himself personally, and sold it to his company for $3M.

It was acquired from hugedomains a while back, so I would guess probably under $4K, to a company in Malta.

Is that a possible tax dodge of some kind maybe?

 

[wwwweb]

Is that a possible tax dodge of some kind maybe?

When he contacted me his IP showed up as Thailand, so the above scenario is probably not the case.

 

[King]

This is why I don't sell even my one-word or two-word social handles for under 10K anymore, don't underestimate the power of a social media handle, they can sale for lots of money, especially if it's being used already, back when I was a teen I sold a nice handle to a company for only 1K at the time it felt like a lot to me, they got it verified that same week and lots of attention from their handle. Oh well.

 

[equity78]

This is why I don't sell even my one-word or two-word social handles for under 10K anymore, don't underestimate the power of a social media handle, they can sale for lots of money, especially if it's being used already, back when I was a teen I sold a nice handle to a company for only 1K at the time it felt like a lot to me, they got it verified that same week and lots of attention from their handle. Oh well.

Absolutely, the people that underestimate social handles, strong ones, really are clueless. I had a client tell me to offer $10K for one, the owner was polite, but was like we have been offered 5 times that, but thank you for the offer.

I got an offer last week on @ dottv (Twitter).