purchases NFT.com domain name acquired for USD $2 million

[GeorgeK]

As I just posted on my blog, according to a Canadian securities filing, the NFT.com domain name was acquired for USD $2 million.

https://freespeech.com/2021/09/29/nft-com-domain-name-acquired-for-usd-2-million/

 

[biggie]

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....

 

[omelet]

thought it should be 10M

 

[jhm]

@biggie Agreed

 

[The Durfer]

thought it should be 10M

I concur. This was a steal for the buyer. Excellent deal. Whoohoo! Congrats!

 

[DomainBarracksRob]

thought it should be 10M

I concur. This was a steal for the buyer. Excellent deal. Whoohoo! Congrats!

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

 

[iAdam]

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

 

[DomainBarracksRob]

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

yes if same seller 2016 NJ auction $50.5K

 

[Kingslayer]

Great sale, thanks for the info.

 

[Domainication]

https://twitter.com/i/web/status/1443151687548538885

 

[Mahogany]

https://twitter.com/i/web/status/1443151687548538885

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

 

[DomainBarracksRob]

Edit

 

[Debasis]

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

 

[MustaAras]

thought it should be 10M

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

 

[NameYourself]

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

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..

 

[Mr. Deleted]

As I just posted on my blog, according to a Canadian securities filing, the NFT.com domain name was acquired for USD $2 million.

https://freespeech.com/2021/09/29/nft-com-domain-name-acquired-for-usd-2-million/

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

Noorda Family Trust

The Noorda Family Trust was established to provide funding opportunites for a wide-range of needs.

For more information, please contact us at [email protected].


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NFT and its logo are registered trademarks of NFT, Inc.

 

[Samer]

Awesome! Simply, awesome.

Lol, Better name than Voice.com for NFTs.

and $28 million under Voice.com sale price

Samer

 

[MadAboutDomains]

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..

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...

 

[NickB]

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.........

 

[CraigD]

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

Perhaps not quite that high, but definitely an environmental concern for the majority who have no interest in crypto.

 

[Mr. Deleted]

Perhaps not quite that high, but definitely an environmental concern for the majority who have no interest in crypto.

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

 

[MadAboutDomains]

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

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

I am just having a laugh, NFTs are a strange beast though.

 

[Steven McEvoy]

So he basically valued this domain by NFTs and not the initials or the LLL.com market? That was stupid.

 

[NameYourself]

So he basically valued this domain by NFTs and not the initials or the LLL.com market? That was stupid.

Not sure I follow.. who was stupid?

 

[Steven McEvoy]

Not sure I follow.. who was stupid?

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