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Hilco Digital’s Andrew Miller on .AI Domain Names

Andrew Miller, Managing Director of Hilco Digital Assets, is someone I chat with on a regular basis. In addition to general discussions about domain names and the industry at-large, I will occasionally connect with Andrew to do a sanity check when acquiring a valuable domain name or when I am evaluating a substantial offer. Andrew has been involved in the domain investment space for many years, and I take his insights seriously.

Yesterday, Andrew shared his 100th “Random Sunday Thoughts” post on LinkedIn. In his first point, he discussed .AI domain names as investments. As you know, .AI domain names have become the biggest topic of discussion amongst domain investors. It appears that many companies in the AI space have been using .AI domain names, and each week we see sales reports with .AI domain names amongst the leading sales.

I think Andrew offered some good food for thought. With his permission, I am sharing his commentary below:

Namecheap CEO on Registry Price Increases

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Namecheap CEO Richard Kirkendall has always spoken his mind freely. The other day, I replied to someone who asked about why domain registries raise their fees. I think it’s pretty clear that they raise their fees because they can and because the want to increase their revenue.

Richard’s response to this was better than mine:

Richard has a good point. Once a user is using a domain name, it can be very expensive, risky, and time consuming to switch domain names. Most won’t do it over the inconvenience of a renewal fee increase.

Howard Neu Passed Away

Howard Neu will always be remembered as a pioneer in the domain industry. A respected attorney by trade, Howard made a name for himself as Co-Founder of the TRAFFIC conferences that welcomed thousands of domain investors from around the world. Sadly, I learned that Howard passed away yesterday.

Earlier this year, the ICA honored Howard with a well-deserved Lifetime Achievement Award. I always felt welcomed at TRAFFIC when I was greeted by Howard and his wife, Barbara. It was like seeing family. Howard emceed many keynotes, panels, and award presentations. He was a natural.

Frank Schilling to Auction 130 Acres of Land in Malibu

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The New York Post published a real estate article that caught my attention. The article discussed an upcoming online auction of 130 acres of undeveloped land in Malibu, California. The land is owned by none other than domain industry veteran, Frank Schilling.

According to the article, the 130 acres of land is divided amongst three parcels. The buyer would be able to build one large home on the land or subdivide for multiple single family homes. It looks like an enviable location for someone looking for a large lot of developable land on the California coast.

5 Things I Check Before Making an Offer

Domain investing can be a high stakes business. I invest substantial amounts of money to buy individual domain names, with the hope that someone is willing to buy it from me for substantially more than I paid. When spending 5 figures on a domain name acquisition, I need to be right about my retail valuation.

Here are 5 things I usually check before making an offer to buy a domain name:

WaPo: Porn․ai, Deepfake․com and Deepfakes․com Sold for ~$550k

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On Sunday, the Washington Post published an article about how the adult entertainment business is being transformed by artificial intelligence. Notably, the article mentioned three domain names that were acquired by a company operating in the business for approximately $550,000: