NameSilo

NFT.com domain name acquired for USD $2 million

Labeled as purchases in Domain Industry News, started by GeorgeK, Sep 29, 2021

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  1. GeorgeK

    GeorgeK Leap.com PRO VIP ★★★★★★★★★★

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

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi George

    Thanks for publishing that info

    though some might think it's underpriced, just imagine the profit margin, if seller acquired it long before the craze.

    and...the type-in traffic could be off the chain on that one!

    imo....
     
  3. omelet

    omelet Top Contributor VIP

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  4. jhm

    jhm Glazed

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    Last edited: Sep 29, 2021
  5. The Durfer

    The Durfer Wesley Sweatman VIP

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    I concur. This was a steal for the buyer. Excellent deal. Whoohoo! Congrats! :)
     
  6. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    If it were for sale today it would indeed fetch MUCH more than 10+ or more specially if sold in ETH.

    However this sale took place last winter I believe, many months back, the hype was just getting started then, still a great price for a domain. Yes today no doubt it could fetch more. 1 CRYPTO PUNK # 7523 went for $11.7M at Sotheby's & BAYC..... $2.9M nfts have gone for this....$2M is a ton of money for a domain and probably made a great roi

    Today that price would be a freaking STEAL.......... in the world of NFTs for nft.com
     
    Last edited: Sep 29, 2021
  7. iAdam

    iAdam iadam.com ★★★★★★★★★★

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    Thank you for sharing. Great sale and sure the seller made a big margin. Congratulations
     
  8. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    yes if same seller 2016 NJ auction $50.5K
     
  9. Kingslayer

    Kingslayer Top Contributor VIP

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    Great sale, thanks for the info.
     
  10. Domainication

    Domainication Top Contributor VIP Blue Account

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  11. Mahogany

    Mahogany Top Contributor VIP ★★★★★★★★★★

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    IMHO, I dont find his tweet genuine but I could be wrong. Personally, id feel down for a bit but such is life.
     
  12. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Edit
     
    Last edited: Sep 29, 2021
  13. Debasis

    Debasis Established Member

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    NFT would be responsible for 30% melting of ice of the planet.
     
  14. olcayto

    olcayto NameFree.net

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    i was expecting 8 figures as well, i think it went with the lowest it could go.
     
  15. NameYourself

    NameYourself VIP Member VIP Gold Account ★★★★★★★★★★

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    You have to remember the NFT market didn't really start exploding til mid to late February. There were trickles of news about it several months before this and a short burst of interest around Aug-Oct of 2020 and some even a few years ago, but based solely on domain registration trends, the first real signs of days where we started seeing 100+/day of regs with NFT in the name started around Feb 16. After this, we all know what happened.

    So it must be looked at in context. $2M was probably a very fair price at that specific point in time when they were negotiating the sale. It wasn't really until March/April then when we started seeing this surge reflected in domains sold on the open market like NFTdisplays.com for 13,000, NFT.app for 50,000 etc..
     
  16. Mr. Deleted

    Mr. Deleted Slabaugh.com 800-266-2728 VIP ★★★★★★★★★★

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    https://web.archive.org/web/20030727001929/http://www.nft.com/

     
  17. Samer

    Samer Restricted (15-30%)

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    Awesome! Simply, awesome.

    Lol, Better name than Voice.com for NFTs.

    and $28 million under Voice.com sale price

    Samer
     
  18. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    I tend to agree given what I know and what you've just said. 2 million for a 3 letter .com, that's good going... Imho

    It's clearly worth a lot more for at least a year until the bubble bursts and everyone's left with worthless jpegs on a redundant Blockchain...
     
    Last edited: Sep 30, 2021
  19. NickB

    NickB it's a mystery VIP

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    It was bought back in 2016 on Namejet for 50.5k... if it's the same owner that sold it then it's a great ROI.........
     
    Last edited: Sep 30, 2021
  20. CraigD

    CraigD Top Contributor VIP

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    Perhaps not quite that high, but definitely an environmental concern for the majority who have no interest in crypto.
     
    Last edited: Sep 30, 2021
  21. Mr. Deleted

    Mr. Deleted Slabaugh.com 800-266-2728 VIP ★★★★★★★★★★

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    kinda like people of the 90s that had no interest in the internet. things change though, as, here we are.
     
  22. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    Yeah but the internet was useful to the average person... a monkey with eye shadow and a hat not so much. :woot:

    I am just having a laugh, NFTs are a strange beast though.
     
    Last edited: Sep 30, 2021
  23. Steven McEvoy

    Steven McEvoy CEO, SUWP VIP

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    So he basically valued this domain by NFTs and not the initials or the LLL.com market? That was stupid.
     
    Last edited: Oct 1, 2021
  24. NameYourself

    NameYourself VIP Member VIP Gold Account ★★★★★★★★★★

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    Not sure I follow.. who was stupid?
     
  25. Steven McEvoy

    Steven McEvoy CEO, SUWP VIP

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    lost like 10m+ on a domain because it was NFT that fad going on right now.
     

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