For those who aren't used to selling names in this range or working with a branding agency then this purchase seems exorbitant. But believe me at $40K- it is not. There is tremendous upside for the buyer in a name like this that can triple as Virtual Reality, Vacation Rentals, or Chinese vanity name. Those criticizing the sale have a myopic view on the power of short, catchy and memorable brands. VR and VR aren't random letters. They mean something with good flow and great branding aesthetics. You can't introduce the ill fated CHIP market as a comparative point to marginalize a booming niche that stems far beyond the control of domainers. 2 people saw value in a great name and they duked it out- seller of VRVR.com is happy and the buyer is happy.
There are plenty of VR names that have sold to end-users and I have accounted for a few of those. Unlike the silly CHIP niche (which I didn't buy a single domain in) there is a plethora of end user usage of VR+Keywords VR+LL VR+NN Keyword+VR etc etc etc. This isn't some domainer driven hype like the CHIP market which I cautioned about on the forum. The forces and signals are external to our industry and why people are taking a closer look and taking it seriously. I'm not just a VR domain investor. I've gone to meetups and conferences, I've talked to some industry heads, and the investment in there and the desire to enter the space is there and they will all need a great VR name.
Folks can call it hype all they want but I'm a full time domainer and have been doing this since 2003 (full time since 2012) and I invest a lot of time into research. You can call it hype when I say it if you want but spend some weeks reading some white papers and reports from Goldman Sachs, Deloitte, IDC, Digi-Capital etc. One can not dismiss facts and numbers as being hype. Did VRVR.com not sell for $40K? Did 18VR.com not sell for $10K? You'd call me crazy at what I and others have turned down so far. VR and AR will be the biggest investment opportunity in the tech industry as a whole and the domain industry that we've seen in a very long time.
And lastly, I'm not sure why "hype" is so pejorative. Look at Tesla and all the "hype" surrounding them. Isn't it smart business to capitalize on bullish upward outlook aka "hype"? Should people go out and invest in industries/niches/domains that have no "hype"?
#HypeMan
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