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Another week is behind us, and as usual, there was plenty of news in the domain investing world to keep us all busy. In case you missed it, here are some of the top stories that caught my eye. Last week I think I covered too many stories and I really want to keep this short and sweet because it’s Friday and you really don’t have the time to read a bunch of news stories, so I’m sticking with three, if you want more in the future just let me know in the comment section below.
Now, onto the news!
- ICANN shuts down Alpnames – one of the top stories this week is the shuttering of a registrar that I frankly have never heard of called Alpnames…they broke some rules, are no more, and now hundreds of thousands of domains are in purgatory. DNW broken the news (to me at least) and also wrote a solid article about how to rescue your domains from Alpnames.
- Mike Mann declared himself the real domain king – here we go again. It’s happened before, and it’s happening again. Domain Investor Mike Mann went on Twitter and said he really should be the domain king. I like both Rick and Mike so I’m staying out of this one.
- Sketch.com was acquired just before a $20M raise – another great one-word .COM is off the market forever as Sketch.com was acquired by the startup of the same name, perfectly timed just before they announced a $20M raise.
A little bonus story, while I don’t want to promote my own articles too much here, I am excited for Efty who announced this week on the Domain Sherpa show that they’ll be supporting larger portfolio owners (i.e. 5,000+ domains). Woot!
Okay, now stop reading domain investing news and go out and enjoy your Friday night. If you think there’s a story that should have made the list, share away in the comment section below.
So a pretty strange article hit the news today. The article states that traditional domains have stagnated and a new class of domains, “blockchain domains” are going to take over.
Some companies in the .com era may have succeeded largely due to their domain and its primacy in search results. Today, this market has become stagnant, but innovation is popping up in a new area — blockchain domains. (Source – InvestInBlockchain.com)
Uh…I’m not sure this guy knows that millions of dollars in domain names sell every week, and more domains sell now than did back in the “.com era” since that was referring to early Internet startups…not domains as an asset class.
The article continues by complaining that it’s impossible to get a new domain extension. This is just bizarrely misinformed since ICANN has approved over 1,000 new domain extensions, some of which are still hitting the market, like .DEV which launched last month.
It gets weirder.
The article goes on to talk about how payments aren’t native with the current domain name extensions…huh? Then soon jumps to how “blockchain domains” are going to fix everything. The first point he makes is that, poof, new domain extensions will be easier than ever to get…why?
“New blockchain domain services can just launch on a public blockchain, no ICANN approval necessary.” (Source – InvestInBlockchain.com)
Sounds simple right…err, no? Yeah, it’s not, and the author even realizes this and wrote a “now of course” paragraph below about how it’s actually probably super complex and you really can’t “just launch on a public blockchain”
“Now of course, there are many challenges with this, but getting approval from a regulator that may take years isn’t one of them. Instead you need to worry about deploying smart contracts correctly, getting apps to support your new extension, and of course getting users to buy and use the domains.” (Source – InvestInBlockchain.com)
The punchline here is .ETH domains and some stats about how they have done, which is impressive in its own right but still just a tiny sliver of the domain market. There also hasn’t been a massive proliferation of “blockchain domains” nor does this seem to be something that’s really actively being pursued by many companies…except for people like the company the author runs…who are launching blockchain domains.
And that’s when it hit me. This was just a marketing article promoting what the company is doing and positioning the market they’re trying to create as some rocket ship about to overtake the domain name industry…I’m not buying it and this is honestly one of the most poorly-researched, and just plain bizarre articles I’ve read about domain names in a long time.
That being said, I understand the concepts behind blockchain domains, heck I’ll even admit I think they could gain popularity as blockchain becomes more widely used. But to claim that the domain industry has become stagnant and blockchain domains are growing like crazy just isn’t true.
Where’s that facepalm emoji when you need it, ah – here it is:
As someone who reads Domaining.com every single day, and has so for years (thanks Francois!), I thought it would be fun to put together a quick weekly digests of Domain Investing news. Unlike most things I do, I’ll try to keep it short and sweet, so let’s do it.
What happened this week in the world of Domain Investing?
- Rick Schwartz helped kick off the week pointing out a sharp decline in .BOSTON domain renewals
- DNJournal talked about how Sedo’s new CEO is shaking things up
- Elliot pointed out that NameJet made a typo and for a minute everyone thought Investor.com was for sale
- I learned that domains starting with an “i” are still very much in-demand
- Domain Broker Kate Buckley sold Chocolate.com for seven-figures
- Konstantinos declared that .DEV domains are for idiots
- Raymond made a great point – Nobody cares if you’re a reseller
If you think there’s an important story that I missed, feel free to share in the comment section below. I’d like to give a huge congrats to Kate for brokering Chocolate.com, another great domain name that is now, as Andrew Rosner would say, off the market forever.
As always I’d love to hear from you, feel free to share your two cents on any of the stories I highlighted above or heck, share whatever is on your mind. Comment and let your voice be heard!