In regards to meta domains selling for mid xxx,xxx + it's not a matter of if but when.
I don’t like this quote because I (and I’m sure others) have seen it many times in other niches, as said VR springs to mind straight away.
CHIPs was all on the go once, people buying random LLLL.com’s, even other extensions, 1 investor paid 7 figures for thousands of random LLLL domains in some random extension. 1 day CHIP domains were in demand and it was like overnight, they became junk!
It was the same with NN.com’s when Chinese companies was buying them all up, whilst these domains are still valuable, they are no longer guaranteed millions and I saw investors pay millions to acquire some of these domains.
NFTS are selling (BAYC specifically), because demand is there, but in BAYC it’s an investors market,
all of it is driven by investors trading amongst themselves and because demand is there, ape owners can ask for what they want. When money is no longer to be made on these pictures and it will happen some point, value will decrease, so it’s no good 1 buyer still holding out for 7 figures for their ape, when it’s too late, you had your chance when the market was hot.
Right now ‘meta’ is the BAYC of domains, I have never seen anything like it in my time investing, but I (and a few others) have given theories why we have seeing these abnormal sales and if these theories are true, then 1 week non .com hand regs won’t carry on selling for mid-5 figures.
Yes right now you can ask for what you want for ‘meta’ domains, but I still maintain if you are serious about selling you have to adapt to the market/demand and domain owners don’t dictate that, just as they never with CHIPS/NN.com’s. What makes a great investor is knowing when to cash out and knowing when to stop investing.
