What's the deal with this huge SnapNames sale- loads of premiums

[domain invest3r]

Sorry if this has already been posted. Anyone seen the HUGE snapnames sale going on with tonnes of premiums? They exiting the market or something?

 

[domain invest3r]

Sorry mods but just a bit of feedback- I dont see how this is not a major talking point, thats why I set it up in general section. Its not often you see a major player letting go of so many premium names. Why hide it in a subforum

 

[silentg]

Thought Convergence is selling all the premium domains they own.

“As you know, Thought Convergence, Inc. has primarily been a holding company for the past several years, ever since we sold off our operating businesses in 2014. These domains represent the final remaining assets in what has been a fantastic 20-year ride. Thought Convergence’s shareholders have agreed that the best way to objectively value, monetize, and distribute these assets is to send them to public auction, which is exactly what we’re doing.
My company, afterTHOUGHT, Inc., still owns thousands of domain names, and we continue to invest and acquire on a regular basis. Without a doubt, I’m incredibly bullish on domain names and other emerging digital asset classes (cryptocurrencies, NFT’s, etc.).
The vast majority of these domains are selling at low or no reserve, so there are going to be some incredible opportunities for savvy investors.”

https://domaininvesting.com/ammar-kubba-comments-on-thought-convergence-auction/

Ammar chose Namejet to auction the domains. That's why you see it at Snapnames.
https://www.namejet.com/featuredauctions/51054978

 

[domain invest3r]

thanks for the intel , appreciate it