NFTs.com domain name sells for $15 million by DailyCoin

NFTs.com domain name sells for $15 million

“NFTs.com” will have a new owner after the domain was acquired for $15 million by an undisclosed buyer. The acquisition marks the largest sale of public domain names so far this year and the second largest public domain transaction ever.

The deal was brokered by ‘Domainer.com’ and ‘GoDaddy’. The sale was facilitated by ‘Escrow.com’, which provided escrow services and confirmation for the transaction.

One of the biggest domain deals of all time

Selling the NFTs.com domain name is a huge deal. The acquisition ranks as the second largest public domain deal ever and the largest public domain name sale this year.

In 2019, MicroStrategy sold the “Voice.com” domain for $30 million in cash, becoming the biggest domain sale of the past ten years at the time. The domain name was purchased by blockchain-based social media platform Block.one, which later launched blockchain-based social media platform, “Voice”.

Jackson Elsegood, CEO of Escrow.com, said in the official press release:

“The recent acquisition of NFTS.com is one of the largest Web3 related transactions we have seen on the platform.” The deal’s lead broker, Matt Holden of the Domainer.com team, said:

“It was a pleasure to work with all parties involved in NFTS.com, an incredible opportunity for the buyer to acquire a non-categorized domain and one of, if not the best, “.com” possible in the whole of Europe. Web3 space.”

Likely use as an NFT marketplace

The parties involved on either side of the domain agreement are undisclosed and future plans for the “www.nfts.com” website remain unknown. However, upon opening the website, visitors are greeted with the message “Powered by DigitalArtists.com Marketplace” on the landing page.

Digital Artists claims to be a curated NFT art platform for new and established artists, art collectors, NFT drops and collaborations in Web 3.0. NFTs.com is therefore likely to become an NFT market place, or a hub offering NFT services.

“Although no official plans have been publicly announced for any project on NFTs.com, Domainer may point out that the buyer has associations with other Web3 projects, such as DigitalArtists.com, which offers a curated Web3 service to artists,” Escrow.com revealed. in the press release.

on the reverse

  • NFTs exploded in 2021. However, there are still signs of normalization in the NFT market.
  • The use cases of NFTs and their impact on digital ecosystems are becoming increasingly important criteria in the valuation of NFTs.
  • Secondary market NFT sales fell 25% in July from levels of $650 million in June, marking their second consecutive month below $1 billion, according to data from NFT data aggregator CryptoSlam. .

Why You Should Care

  • The domain is a huge asset and holds a lot of potential, especially given the emergence of NFTs in recent years. NFTs play a crucial role in the Web 3.0 ecosystem, transforming the way digital assets are owned and enabling the growth of the metaverse economy, peer-to-peer gaming, and other industries.
  • Over the past year, blockchain domains ending in .crypto, .nft, .bitcoin, and other Web 3.0 terms have become increasingly popular. Blockchain domains are unique because they are not stored on a server like traditional domains. Instead, they are kept in a public registry.
  • Last month, Unstoppable Domains, the web 3.0 digital identity platform, raised $65 million in a Series A funding round. Following the funding, the company now holds a $1 billion valuation , which gives it the status of “unicorn”.

Find more information about NFTs in 2022:

How to Create and Sell NFTs: A Step-by-Step Guide for Beginners

Top 10 Weirdest Things That Were Minted And Sold As NFTs

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