NameSilo

New gTLD domain Token.xyz sold for $15,000

Labeled as new gTLD in Domain Selling and Domain Sales started by Premiums, Aug 22, 2018.

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  1. Premiums

    Premiums find.ventures

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. NYJimbo

    NYJimbo Domain Re-Animator VIP

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    Mind boggling. You can go to ExpiredDomains and find tons of good looking .xyz domains, many with names that would be "liquid" as .com's, but I wont touch them because everyone seems to be dumping them.

    Every time I see a sales report like this I just want to go grab 100 of them, but I know if I did, they would never sell. :-P
     
  3. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Random sales happen all the time. I could see Token.xyz selling for $15K but then 10,000 similar quality .XYZ never getting a single offer.

    Brad
     
  4. Keith

    Keith Top Member VIP ★★★★★★★★★★

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  5. alcy

    alcy Top Member VIP

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    well.. this doesn't say much about extension at all. its still not so great.

    token is a special keyword for current trends etc.. we all know this.

    its fun to reg a few xyz for $1 promo now and then.. I regged cryptowatch today.. and had couple low offers XX on my cryptoshop .. but I do it just for fun and sometimes boredom.. not because I have great hopes for a sale on xyz...

    if u wanna be getting them good words in xyz.. then they usually come with big reg fees.. I don't remember if they cost same to renew or not.. but I think so.. so even worse there.

    speaking of which.. anyone knows what it cost the guy to reg token..xyz and renew it each year?

    cheers
     
  6. Shuttlepro

    Shuttlepro Top Member VIP

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    I don't think token is superior but it's definitely high value. Awesome sale though Keith.
     
    Last edited: Aug 22, 2018
  7. keston57

    keston57 Established Member

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    Domain trading is an unpredictable business
     
  8. DeliDomains

    DeliDomains Oswin

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    Who says Luck! does not play a role here. A great sale with a dumped ngtld
    You can have a folio with premiums, doing outbound, and promoting but no sales.
    Then you hear about a sale like this which makes u go @#$%^&
     
  9. DNGear

    DNGear Domainnaut VIP

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  10. kam

    kam Top Member PRO VIP ★★★★★★★★★★

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  11. alcy

    alcy Top Member VIP

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    great sale
    looks like its non premium reg renew too
     
    Last edited: Aug 22, 2018
  12. BrandsOpen

    BrandsOpen SalesBusiness.com Gold Account VIP

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    Amazon bought it?
     
  13. kam

    kam Top Member PRO VIP ★★★★★★★★★★

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    Chinese buyer purchased it:xf.cool:
     
  14. BrandsOpen

    BrandsOpen SalesBusiness.com Gold Account VIP

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    It came across on Twitter today, that a c-level at Amazon was spotted during a whois search.
     
  15. BrandsOpen

    BrandsOpen SalesBusiness.com Gold Account VIP

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    My bad, it was AliBaba
     
  16. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    I see this sale as important partly because a highly respected and well known domain name investor and personality who handled the sale (done through Sedo). I think this will help give .xyz in particular, and the ngTLDs generally, a bit of much needed respect.

    I think we should not overstate how unusual this sale is, however, and would point out that:
    1. It ranks as the 33rd highest sale of ngTLDs on NameBio so far in 2018.
    2. It ranks as the 6th highest sale of ngTLDs on NameBio in last month.
    3. It ranks as the 23rd highest sale (all time) in the .xyz extension (although most higher are short several character names)
    4. The average price for the 482 NameBio recorded .xyz sales all time is $3543. So yes, $15k is high but not unduly so.
    5. While it is the highest sale of the 44 new extension sales (in 23 different extensions and on at least 7 different sales venues) on NameBio during the last week, there are other similar value sales this week including xyz_top for $10,910, caijing_top for $10,183 and bot_app for $9999 among others.
    6. It is the highest sale of an .xyz this year, however (previous high was at $4990).
    It is a great name and a great sale, and congratulations to the buyer and seller. We just should not overstate how unusual it is. Have a good day everyone!
     
  17. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Probably doesn't mean anything for .xyz holders and won't help their bottom line.
    Flukes will happen in pretty much any extension.
     
  18. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    Not wanting to provoke a debate @Kate but I am genuinely perplexed by your post implying Andrew's sale of token in xyz is a fluke. Could you please elaborate a bit what you mean?

    To me a fluke might be an appropriate label if it was the first sale in the extension (but it is 23rd highest), or if it was the only sale (but there are 482 .xyz sales) or that it is way out of line with other sales (but it is less than 5x the average .xyz sales price, although about 3x the next price this year). It is certainly not the only major sale by Andrew Rosenor, far from it.

    What do you mean by fluke? (I actually looked up definition in case I misunderstood the word)
    fluke: noun unlikely chance occurrence, especially a surprising piece of luck.
     
  19. JB Lions

    JB Lions Top Member VIP

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    It's the first reported sale over $10,000 in almost 2 1/2 years.
    https://namebio.com/?s==YDMzQzM0gTM

    There is only 1 token.xyz.

    Sometimes it's as simple as 1 person/company in the world wanting that 1 domain. A lot of times people see stuff like this and think this makes their domains worth more. Not usually, because they don't have token.xyz.
    ----------
    Just to use another example, the home.loans sale for $500,000.

    1 person in the world vastly overpaid for a domain, that's all it was. Look at the other reported sales - https://namebio.com/?s==UzNzQzM0gTM

    Next highest is $7,500 and only 5 reported sales.

    Too many people get hyped off of just 1 sale.
     
    Last edited: Aug 22, 2018
  20. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    @JB Lions Thanks for your well supported response!

    I agree that if you view the question as "have xyz domain names recently sold for similar amounts" this sale might be regarded as unusual (but not if the question is have xyz sold for similar or have ngTLD recently sold for similar). The closest recent comparator is jungle that sold in xyz for $7000 last November. I regard that sale as helping justify this price, it seems to me token is worth at least twice as much.

    I also totally agree that this does not mean that any old xyz word will sell for big amounts, or at all, and that token is a great word. In some ways this week's other .xyz sale, that probably most will overlook, of jobs in xyz for $1000 is more typical than this one (and the lower ones if you go back a few months).

    Feeling agreeable, I also accept your point that if one person/company badly wants a name that can mean a huge price that without that buyer probably would not have happened. It is the same whether christian(.)com, home(.)loans or a thousand other examples. I would have thought that token is not in that category though, as supposedly many would want that name in some extension, and with the Alphabet use and low abuse and generic nature .xyz has some things going for it.
     
    Last edited: Aug 22, 2018
  21. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Out of millions of regs...
    I said fluke because there are not many sales that are noteworthy. The odds that somebody is going to sell a .xyz in that range are obviously very slim. Domainers are hoping that just because it happened to someone, it will happen to them one day.
     
  22. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    Thanks @Kate.

    I agree entirely!

    The odds of a $15,000 .com domain sale (over all dates) is about 1 for every 14,600 registrations
    (NameBio only, so multiply by the correction factor you think total sales are more than NameBio recorded).

    For .xyz the similar numbers produce a ratio of 1 for every 91,000 registrations. So both pretty rare, but xyz even more rare!

    I would not call it a fluke, though. Simply a great word is only rarely available, and even more rarely has a buyer who wants that word enough to pay a premium price, and a marketplace or broker bring the two together. That is true for all extensions.
     
  23. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    I wondered how much token sold for in exact singular word before. It does not have a NameBio recorded com sale, and sold in net or only $1250 but that was prior to the crypto/blockchain popular era so not very relevant.
    • token sold for $21,275 in .tv
    • the name sold for $11,425 in the ngTLD .sale
    • token in .pro sold for $4996
    Looking at these, it strikes me that the $15k for token in .xyz is about right.

    (of course the plural tokens sold in com for $500,000)
     
  24. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Honestly, it is amazing 4+ years after new extensions launched a relatively modest $15K sale gets this much attention. I think that says a lot about how much of an outlier decent new gTLD sales are.

    Brad
     
  25. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    Yes, good point.

    If I have done it correctly the sale is number 215 among all time new extension sales. It does seem to have received more discussion than many higher price sales (like some top have sold at/above $50k last few months and harldy mentioned). Perhaps this one got more attention because not registry sale, a crypto related term, the sale was by a well known person in domain community, and there has not been a similarly large .xyz sale for some time as @JB Lions pointed out so it perhaps seemed surprising.

    Of course getting to $15k sale in any extension is more rare than many think. For example in info it has only happened (in NameBio database at least) 62 times, in org 278, in net 479, in top 75, in com 8917 (some multiple sales of same domain counted multiply I did not try to take out).
     

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