In a shocking move that proves just how popular the NFT space is, the domain name NFTs.com sold for $15 million. The acquisition is the largest public domain name sale this year. Additionally, the sale of the NFTs.com domain is now the second largest public domain deal ever. Domainer.com, domain specialists, and GoDaddy were instrumental in securing this deal. Escrow.com provided its escrow services and also confirmed the transaction.
$15 Million Sale of NFTs.com Domain!
The sale of the NFTs.com domain is a massive win for the crypto world. Other than buying Voice.com in 2019 for $30 million, no other domain sale has come close in the last ten years.
Jackson Elsegood, Managing Director of Escrow.com, said, “The recent acquisition of NFTS.com is one of the largest Web3 related transactions we have seen on the platform.”
Remarkably, the sale of Voice.com was to a blockchain company. Now, the two biggest domain acquisitions in the last ten years have ties to crypto. Interestingly, Voice.com is technically the most expensive public domain name purchase ever. There were others, but they were already huge web companies with an established domain.
The future of the NFTs.com domain
Both parties to the sale of the NFTs.com domain are anonymous, so the plans for the website remain unknown. However, the website now has a line of text on the homepage that reads “Powered by DigitalArtists.com Marketplace”. It is a web3 art platform that offers curated NFT drops and services for artists.
Lead broker of the deal, Matt Holden, said: “It was a pleasure working with all parties involved with NFTS.com, an incredible opportunity for the buyer to acquire a non-category domain and one of best, if not the best, possible. com throughout the web3 space.
Because of the links to web3 and the domain name NFTs.com, it will likely become an NFT marketplace or a hub offering NFT services.
Why are domain names so important?
Considering the rise of NFTs over the past few years, the field offers enormous potential and is a major asset. NFTs are a central part of the Web3 ecosystem, changing our view of digital asset ownership, supporting the metaverse economy, the P2E gaming industry and much more.
The rise of blockchain domains
Over the past year, blockchain domains have become increasingly popular. Last month, Unstoppable Domains, the web3 digital identity platform, raised $65 million in Series A funding. Additionally, it now has a $1 billion valuation, giving it unicorn status.
Unlike selling NFTs.com, Unstoppable Domains sells domains ending in .crypto, .nft, .bitcoin, and other web3 phrases. Blockchain domains are unique in that they offer a decentralized alternative. Significantly, these domains are not kept on a server like traditional domains. Instead, they are on a public registry.
This innovative technology offers new levels of security, and domains are represented by an NFT. Plus, once you have the domain, it’s yours forever!
There have been huge blockchain domain sales, and in the future, traditional domain sales like the NFTs.com sale will take place using NFT technology.