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Opensea.com is in the upcoming Great Domains auction at Sedo (will it sell?)

Labeled as domains in Domain Industry News, started by equity78, Oct 14, 2021

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  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    The latest Great Domains auction starts at Sedo today and there are some heavyweight names on the list. PrivateEquity.com, VentureCapital.com and Soft.com to name a few. One of the names on there is OpenSea.com, Opensea.io is home to the large NFT marketplace that has been in the news all year for many reasons. OpenSea logged […]

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  2. alcy

    alcy Top Contributor VIP

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    looks like obvious tm
     
  3. NickB

    NickB it's a mystery VIP

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    Apart from the obvious potential target it has a dictionary meaning which is body of water outside of territorial waters and not enclosed by land - suppose someone who is interested in becoming a pirate might make a cheeky bid......

    They some have some really domains up for sale this time around as well.....
     
    Last edited: Oct 14, 2021
  4. MadAboutDomains

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

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    Wakey wakey Nick 😅

    I'm surprised they've decided to auction opensea.com, seems a bit rushed, if they don't get the publicity they require it's potential might not be realised...
     
  5. NickB

    NickB it's a mystery VIP

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    I gave up coffee 11 days ago - so struggling with the mornings :xf.grin:

    Do you reckon they reached out to them prior to sticking it up for auction and offered it for sale privately?

    Would of seemed the sensible thing to do before putting it up for auction....
     
  6. FolioTeam

    FolioTeam AMDB.tv VIP

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    Can't wait to see what happens with the opensea domain
     
  7. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    You'd be pretty stupid to bid on this one. :banghead:
     
  8. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    They are just trying to entice the .io to reach out or " HEY.....come out a "BUY YOUR EMD .com"

    Foolish....the owner should just let it sit until "They Come" to talk ....

    Owner would be better off listing it on OS marketplace as a NFT for (25K ETH) and let them buy their own name from their own site, now that would Marketing and Winning at the same time. For both parites
    (** Assuming current owner has owned prior to .io TM**)

    This auctioning on SEDO is stupid! For this name.

    No company is going to compete for market share with that name and the volume of sales OP is doing,
     
    Last edited: Oct 14, 2021
  9. bmugford

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

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    "Open Sea" is a rather generic term, but the sales listing is rather transparent.

    In my view someone would be silly to spend a massive amount of money on this, then use the term in the same field. That is a recipe for disaster.

    Brad
     
    Last edited: Oct 14, 2021
  10. Sheogorath

    Sheogorath Top Contributor VIP

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    The reserve is really low.
    If it will sell under $3 million USD, I will be kind of disappointed.
     
  11. alcy

    alcy Top Contributor VIP

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    lol well u can start being disappointed now
     
  12. Sheogorath

    Sheogorath Top Contributor VIP

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    The term "opeansea" is very generic, like "goodsky".
    If the owner doesn't use it for NFTs, then there is no real case for a TM.
    I don't think a UDRP is valid here unless the use case is for NFTs.

    This is just an opinion.
    *This is not a legal advice.
     
    Last edited: Oct 14, 2021
  13. alcy

    alcy Top Contributor VIP

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    I was talking about yer 3mil price
     
  14. Sheogorath

    Sheogorath Top Contributor VIP

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    The 3 million price is not that far fetched.
    I can imagine quite of a bidding war lol B-)
     
  15. jhm

    jhm Glazed

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    Outside of trademarks and fuss, people will probably hate me for saying this, but this domain is high thousands / 5 figure territory. Not 6 or 7 seven figures

    IMO
     
  16. sibern

    sibern Established Member

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    3m Bargain for opensea com

    In August, digital marketplace OpenSea recorded over $3.4 billion in transactions across 1.67 million non-fungible tokens (NFTs). In July, its sales reached $325 million, following less than $150 million in June. The exponential growth corresponds to a shift in NFT content being auctioned, which may impact the development of digital strategies by brands and sports entities.

    3.4 Billion !!
     
  17. jhm

    jhm Glazed

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    Maybe fine for Open Sea, the NFT business, but I don't see them paying in that range

    As for anyone else starting a different Open Sea ...save the fish charity, a waterpark, a retailer, or whatever ...I'm going with nah. We'll see what happens
     
    Last edited: Oct 14, 2021
  18. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Depends on whos buying!

    Only a Fool l would allow .io to acquire under $1M LOL
    OpenSea racked in a record $3.4 billion in transaction volume in august alone

    Though yes outside the .io its not a 7 fig name, but really whos going to use now that it known as the World Wide NFT Billion dollar marketplace/

    Edit: as I type this I get an email from OpenSea for my OS account just now lol
     
    Last edited: Oct 14, 2021
  19. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    They will, they know the the vaule, and they,their team, their customers, PAY much much more for NFTs daily...look up there wallet address contract, if you'd like to know how much Ethereum they currently hold
     
    Last edited: Oct 14, 2021
  20. jhm

    jhm Glazed

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    We'll see. If it is them and they pay a 7 figure number, I'll eat my hat
     
    Last edited: Oct 14, 2021
  21. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Deal lol

    and i'll eat mine IF they don't and I Bet my hat, when/if deal is made, they pay using eth, not cash or a split of the 2
     
  22. Kingslayer

    Kingslayer Top Contributor VIP

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    OpenSea dot com is generating a decent amount of traffic, around 9k this month.
     
  23. Sheogorath

    Sheogorath Top Contributor VIP

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    Yeah, ofc it does :)
    "> 9k" in excess of 9,000, probably a lot more than 9K.

    Probably a lot of Opensea users mistakenly believe the business is on .com and afterwards realize it is on .io and other users just type in the .com address.
    When I first heard about Opensea NFT marketplace in the news I google searched the .com version.
    Upgrading from .io to .com might theoretically triple or quadruple or more their daily NFT sales.
     
  24. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    OpenSea is registered in 424 extensions per DotDB.com
     
  25. bmugford

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

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    If you buy this domain you are basically making a play to sell it to one specific end user, who is likely aware of the auction anyway.

    The term is not nearly as valuable for any other use really. Outside that it is just a quality two word brand .com.

    If you use the traffic or domain for TM related things you are likely going to run into issues very quickly.

    Brad
     
    Last edited: Oct 14, 2021

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