The Chill.com domain name is used by a company called Chill Brands that sells CBD-infused products. Chill.com was reportedly acquired by the company for $1.6 million. The deal involved two payment installments of $800,000 so it could not be recorded as a sale until the final installment was made.
The final payment was made, according to a press release that was shared by George Kirikos:
Sedo announced the addition of six new payment options for domain name buyers using its platform. According to a representative from Sedo, “[T]hese additional payment methods are particularly advantageous for domain sellers: they ensure that buyers worldwide can now choose their preferred local payment method, making it even easier to purchase domains.”
Buyers can now purchase domain names using these six options:
At the end of 2020, Donuts acquired Afilias and its registry business. The two companies continued to operate and are now uniting under one brand name called Identity Digital. The rebrand was introduced in a press release this morning.
Identity Digital uses the Identity.Digital domain name for its website. The company also acquired IdentityDigital.com, which forwards to the .Digital domain name. Interestingly, it looks like the company had to privately acquire the Identity.Digital domain name in April or May of this year as it had been owned by a Spanish company, according to the DomainTools Whois History tool.
I read an article in Ad Age about brands purchasing crypto domain names. The article mentioned some major brands that acquired domain names in the .Eth extension that matched their brand name or trademark. There are other crypto extensions like .crypto, .nft, .bitcoin, and many more.
Crypto domain investing seems pretty similar to old school domain investing. People can purchase domain names speculatively with the hopes of selling them to someone willing to pay more. The difference, of course, is crypto domain names are on the blockchain and legacy domain extensions like .com and .org are not. In addition, crypto domain names do not resolve to websites on most web browsers. For instance, if you type in Budweiser.eth on Chrome, you won’t get to a website but you may end up on a Google search for that term.
I am curious to know how much overlap there is between people who invest in crypto domain names and people who invest in legacy domain names. Do most people choose one or the other or is there generally a combination of both. I would be interested to know if many people got started buying crypto-related assets and migrated to crypto domain names or if legacy domain name investors saw an opportunity with crypto domain names and added those to the portfolio.
Please vote in the Twitter poll embedded below and feel free to share more about how you got started investing in crypto domain names or why you have chosen not to buy them:
Poll to learn more about the overlap of crypto and legacy domain name investing. More context in my article: https://t.co/qdHItSMTap
— Elliot Silver (@DInvesting) June 21, 2022
A UDRP was filed against the Pay.com domain name at the National Arbitration Forum (NAF). The decision was published today, and unsurprisingly, the panel found in favor of the domain registrant. I think the panel should have ruled that this was an abusive UDRP filing and found this to be Reverse Domain Name Hijacking (RDNH). The panelists on this UDRP were Dawn Osborne, Sandra J. Franklin and Nathalie Dreyfus.
As I mentioned on Twitter when I first noticed the UDRP filing, Pay.com is used and branded by a company doing business as Pay.com:
According to the NAF website, a UDRP was filed against the super valuable https://t.co/HB9tZr9pJx domain name. The domain name is used and fully branded by a business. pic.twitter.com/GFAwnwpdJv
— Elliot Silver (@DInvesting) May 2, 2022
Many companies have their IT, legal, or marketing groups manage their corporate domain name assets. Some companies outsource their domain name management to corporate registrars like CSC, GCD, or MarkMonitor. Very few companies seem to have a person whose role is specifically related to domain name management.
I noticed that Wells Fargo posted a job opening on LinkedIn related to domain names. The financial services giant is looking to hire a Domain Management Specialist. This position entails management of the company’s portfolio of domain names as well as the acquisition of domain names.
Here’s an excerpt from the job listing with an overview of the role:
A limited amount of advertising space may be available, although all banner spots are currently sold out. Email us to be placed on the waiting list. Learn More
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