Boardroom explores the emerging world of .xyz domain names and how they are becoming the next best investment asset.
As investors put more dollars behind domain name assets, blockchain and cryptocurrency companies are adapting .xyz URLs.
The opportunity here is two-fold: Web3 enthusiasts are catching wind of the trend and buying up .xyz domain names to sell, while investors are dishing out millions of dollars to secure domains in the new internet world.
The appeal for them is two-fold as well: Acquiring one is cheaper than investing in a .com, and there are a lot of options available. VeriSign reported nearly 365 million domain name registrations at the end of Q3 2021, 3.5 million of which are claimed by .xyz domains.
read more
As investors put more dollars behind domain name assets, blockchain and cryptocurrency companies are adapting .xyz URLs.
The opportunity here is two-fold: Web3 enthusiasts are catching wind of the trend and buying up .xyz domain names to sell, while investors are dishing out millions of dollars to secure domains in the new internet world.
The appeal for them is two-fold as well: Acquiring one is cheaper than investing in a .com, and there are a lot of options available. VeriSign reported nearly 365 million domain name registrations at the end of Q3 2021, 3.5 million of which are claimed by .xyz domains.
read more