domains Pallet switches from Pallet.xyz to Pallet.com

[MadAboutDomains]

Courtesy of @James Iles at @DomainNameWire:

(...)

That rebrand naturally came with a domain change. It acquired Pallet.xyz for just $4,888 from Swetha Yenugula in March 2021, according to NameBio.

The rebrand and Pallet.xyz purchase came months after Pallet raised $1 million in pre-seed funding. With an additional $3.9 million in seed funding raised in December 2021, Pallet again opted to upgrade its domain.
(...)

https://domainnamewire.com/2022/03/01/pallet-switches-from-pallet-xyz-to-pallet-com/

People keep making the argument that there are no good .COMs out there, but the sales keep coming in thick and fast. A great upgrade imho from a mediocre .XYZ to KING!

 

[scithe]

The article says that Pallet was already doing well according to the twitterverse at least. So I wonder why they felt the need to change? I'm of the attitude that I don't want to start a brand unless I've got the .com before I begin, but if I had developed on a non com and it began taking off, I am wondering why I would want to change.

I can see if pallet.com was offered at a great price. I'd want to snag it so if my company went belly up, I could sell the 1-word .com for a nice profit later down the road. Perhaps even use it for collateral on a loan.

 

[abstractdomainer]

I think this is a good upgrade! If we go by what @scithe mentioned, I think it makes much more sense to acquire the .COM. That's what Fiverr did with Fiver and a lot of other companies do with their .COM. They retain the brand and forward the .COM to the new extension.