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

[equity78]

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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[DomainBarracksRob]

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,

 

[NickB]

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.....

 

[FolioTeam]

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

 

[bmugford]

No company is going to compete for market share with that name and the volume of sales OP is doing,

"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

 

[equity78]

As there's a 500,000 - 999,999 USD reserve on this, i think it will go for that range if it does sell and we all know who the buyer will be if it does sell. For it to go any higher (millions) there as to be competition for the domain and i can't see competition for this one personally, but then again i could be wrong, with cryptocurrencies nowadays some people have money to burn and many people who use the .io and have a connection to the 'Open Sea' name and may have made lots of money on that site so you never know.

Spot on analysis.

 

[MadAboutDomains]

They some have some really domains up for sale this time around as well.....

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...

 

[DomainBarracksRob]

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

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

 

[DomainBarracksRob]

We'll see. If it is them and they pay a 7 figure number, I'll eat my hat

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

 

[Kingslayer]

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

 

[NickB]

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...

I gave up coffee 11 days ago - so struggling with the mornings

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....

 

[gilescoley]

You'd be pretty stupid to bid on this one.

 

[alcy]

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

lol well u can start being disappointed now

 

[DomainBarracksRob]

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

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

 

[Kingslayer]

OpenSea is registered in 424 extensions per DotDB.com

Yeah that puts it as the 155th most registered domain on the web.

But there are only 1,262 opensea+word domains around, which is quite low for the 155th most registered domain, so i think we can see why it's taken in 424 extensions in the same way Amazon/Spotify/Prime/Yahoo/Whatsapp are all top20.

It's a domain with huge amounts of potential if it sells to 1 buyer, if they aren't interested i think it could be a struggle.

The key for the owner distancing themselves well away from what the .io company are doing, put something totally different on there and let the .io come to them and they should do if they plan on sticking around and plan to continue to be a leader in NFT's because it will be a struggle being a leader on a .io if/when NFT's become more mainstream and the big boys get involved.

As there's a 500,000 - 999,999 USD reserve on this, i think it will go for that range if it does sell and we all know who the buyer will be if it does sell. For it to go any higher (millions) there as to be competition for the domain and i can't see competition for this one personally, but then again i could be wrong, with cryptocurrencies nowadays some people have money to burn and many people who use the .io and have a connection to the 'Open Sea' name and may have made lots of money on that site so you never know.

 

[Sheogorath]

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

 

[jhm]

They will, they know the the vaule, and they , their team, their customers, PAY much much more for NFTs daily.

We'll see. If it is them and they pay a 7 figure number, I'll eat my hat

 

[bmugford]

Thanks, I don't plan to buy it.

I can imagine there are quite a few end users out there for this specific name.
For example, Open Sea may be a strong brand for a maritime company.
But yeah, it could be Domainers who seek to resell it for 2X-5X the purchase price too.

True, but it is really hard to see some random company being able to justify paying a high enough price to outbid a company with billions in revenue.

Take away the one specific buyer, and this is just a good brand, not something worth a massive amount.

It is basically a very expensive, risky, lottery ticket IMO.

I am sure the company is well aware of this auction. It will probably just be bidders trying to run them up.

Brad

 

[Gro]

There are about 11 opensea domains listed on SEDO
https://sedo.com/search/?keyword=opensea&kws=left&len_max=7

It will be funny if somebody buys opensea.ooo .

 

[chenzen]

Someone on Twitter pointed out that it's pending transfer.

 

[alcy]

looks like obvious tm

 

[Sheogorath]

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

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.

 

[equity78]

OpenSea is registered in 424 extensions per DotDB.com

 

[bmugford]

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.

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

 

[Sheogorath]

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

Thanks, I don't plan to buy it.

I can imagine there are quite a few end users out there for this specific name.
For example, Open Sea may be a strong brand for a maritime company.
But yeah, it could be Domainers who seek to resell it for 2X-5X the purchase price too.