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Radix Hiring Sr. Manager of Business Development

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Radix is one of the largest operators of domain extensions including .Site, .Online, .Store, and several others. Radix posted a job opportunity that could be of interest to someone from within the domain name industry. Radix is looking to hire a Sr. Manager of Business Development, with a focus on the North American market. I noticed the job listing on LinkedIn.

Here’s a clip about the job:

“Radix is looking to hire an experienced Business Development and Partnerships professional to drive higher win rates of large strategic marketing & brand partnership deals in the US market.”

Postmates Founder Using Swetha-Sold .XYZ Domain for Startup

In December of 2021, Swetha Yenugula reported the sale of TipTop.xyz. The domain name was sold for $15,000 in a deal brokered by Lumis and closed via Escrow.com.

Falling Crypto Market is Bad for Domain Investors

Over the last two weeks, the value of cryptocurrency, NFTs, and associated investment values have taken a hit for a plethora of reasons. Bitcoin seems to have bounced back off of its lows, but it is still considerably lower than it has been trading of late. I have not participated in these markets, but I believe a falling crypto market is bad for domain investors and the domain name industry as a whole.

If you have a look at some of the top domain name sales from the last five years, you will see quite a few domain names were sold to cryptocurrency related companies or were bought for crypto/Web3 related projects. Even more high value domain names were acquired by these types of companies in private. Public.com, Crypto.com, Circle.com, Republic.com, Gemini.com, Candy.com, Galaxy.com, and countless other domain names were sold in private for substantial amounts of money.

I would guess nine figures worth of domain names have been sold to crypto-related businesses in the last several years. I would not be surprised to learn the number is actually higher. It is an impossible to know given the amount of sales transacted privately on platforms like GoDaddy, Dan.com, Sedo, BrandBucket, and others, in addition to privately transacted off-platform sales.

Companies flush with cash are willing and able to spend money on great domain names. High growth industries, like cryptocurrency and associated businesses, have received substantial funding to grow exponentially. They also earn considerable revenue from sales and services. Some of this money trickles down to domain industry companies and domain investors. As the crypto market goes, so goes the domain name aftermarket.

With a softening crypto market, less money will be spent on domain name registrations, acquisitions, and upgrades. Companies would be reluctant to lay off staff while spending a substantial amount of money on a domain name upgrade. People may be less inclined to start a business, particularly as interest rates increase and the amount of funding available dries up. In my view, this means there will be less money spent on domain names.

In addition to the falling crypto markets, many companies on the NYSE and NASDAQ have also taken some hits. Stocks have fallen off of their recent highs. I have also been reading about startup layoffs and difficulty with fundraising. These factors will also impact the domain name aftermarket.

It’s not all doom and gloom on the horizon. There will also be plenty of opportunities for domain investors that pop-up. Companies that don’t survive may have valuable domain names that could be sold. Projects may get abandoned and associated domain names may be put up for sale to raise capital. There may be less money spent on domain auctions, giving investors a better opportunity to acquire investment-grade domain names at a lower cost.

I am sure there are some people who are happy about crypto investors losing some of their investment. As a domain investor though, if the crypto markets continue to fall, I think the ripple effects on the domain name ecosysyem will be pretty strong.

RDNH Finding without a Response to UDRP

I think having a good life is the goal for most people. Who doesn’t want to have a good life? A UDRP was filed against the generic-sounding GoodLife.com domain name at WIPO. Unfortunately, seeing a UDRP filed against a valuable domain name like GoodLife.com is not a surprise. The UDRP decision, however, was surprising to me.

For whatever reason, the domain registrant did not file a response to the UDRP. Generally speaking, this does not bode well for the registrant because the complainant can say what it wants without a rebuttal from the registrant. In this UDRP proceeding, not only did the complainant lose, but the panelist ruled this was a case of Reverse Domain Name Hijacking. The UDRP panelist on this case was Assen Alexiev.

The UDRP was unsuccessful because the panelist found the domain name was not registered and used in bad faith. This is a requirement of the UDRP to succeed. Here’s what the panelist wrote in that section of the UDRP:

How You Can See if Someone is Paying at Dan.com

After a long and sometimes contentious negotiation to sell a domain name via Dan.com, it can be a bit of relief to receive the “Counter offer accepted” email. This email indicates that the buyer accepted the counter offer price, and the domain name is now pending sale. It’s not yet time to open the champagne and light a cigar though.

Getting a buyer to follow through with the deal and pay for a domain name is an important next step that can be stressful. It can take some time for a buyer to submit payment, particularly for a large amount of money or if the buyer is from a large company that has some internal red tape for payment submission. it can also take some time for Dan.com to process a payment, particularly if a wire transfer payment is originated from a foreign bank.

Backorder & Monitor Your Friends’ Coveted Domains

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I rarely do domain name consulting. When a friend or friend of friend needs some domain registration or acquisition advice, I am happy to chat with them if I am able to offer advice or insight. Beyond that, I am a hard no when people ask about domain consulting.

In the past, I would chat or exchange emails with these acquaintances a few times, and maybe I would follow up down the road if I recalled our discussion to see if they were able to get their coveted domain name. Since I did not have any sort of vested interest in their acquisition, their needs would generally fall off my radar shortly after chatting.

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