So there was a big blockchain conference (Consensus 2018) that just concluded.
NewsBtc.com reported that at Consensus 2018 Block-Chain.com sold for $1million or 111 BTC.
One of the largest ever cryptocurrency domain name acquisitions was announced during Consensus 2018, the 4th annual blockchain technology summit sponsored by CoinDesk. A group of investors has purchased the Block-chain.com domain for $1 million (111 BTC), which makes this the third most expensive cryptocurrency domain name acquisition ever.
The domain name Block-Chain.com was registered
Creation Date: 2014-02-08T19:03:30Z
The domain was registered previously back in 2012 where it just sat with a GoDaddy landing page and then left to expire.
The domain was parked at Parking Crew originally, it then had a landing page and then a Flippa page.
The domain was first under privacy and then the registrant’s name was public, a gentleman from Florida owned the name.
Interestingly Mike found that the name was auctioned last August on Sedo, the seller did not have million dollar aspirations at the time.
Reserve range was $5,000 – $9,999, the auction only went as high as $1,400, no sale.
Sedo posted the domain sold for $30,000 in January.
More from the article on NewsBTC.com:
Prior to this transaction, the most expensive blockchain domain names sold were btc.com (sold for $1.1 million as early as 2014) and eth.com (sold for $2 million in October 2017). The buyers of the Block-chain.com domain immediately launched one of the largest portals in the blockchain and cryptocurrency industry, bringing together the functionality of all the current major industry players.
This looks to be the highest hyphenated domain sale of all time if true. We did not verify it, we are reporting what was published from another news site.
Of note this was a sponsored post as Acro pointed out in the comments.
The author is “guest author” and it’s sponsored on NewsBTC.com, nothing wrong with sponsored but that means no one at NewsBTC may have verified the deal.
According to DN Journal it looks like the highest reported hyphenated sale was Hotel-Reservation.com at $209,916. That sale was in 2009.
Nice sale, Catchy listed bloc.com few weeks ago, the shortest brandable name for blockchain.
lol, to funny, always a salesman, maybe practice your customer service skills…
is this sale legit.
According to NameBio, block-chain.com was last sold for $30,000 in January.
The NewsBTC article is sponsored, and no WHOIS change has taken place. Unless independently verified, that alleged sale should be under scrutiny.
Love the comment about how the dash is unnecessary as it’s a single word. Perhaps the buyer is German? 🙂
(Assuming this is all true…) This is a great example of the truism stated by Gordon Gekko in the classic, Wall Street:
“Money itself isn’t lost or made, it’s simply, transferred from one perception to another.”
It’s staggering just how quickly – today – the perception of something’s value can change.
I don’t know how many times I have read this advice, ‘avoid hyphenated domains’. With the scarcity of any good and affordable domain names, this might not be the last rule to be broken.
This raises the price on various blockchain IOC domains. Less inventory higher prices.
Don’t buy hyphenated domains, yet Germans love them.
Don’t buy numbered domains, but China loves them.
Don’t buy Bitcoin-related domains, now everyone wants them.
Can’t believe everything you hear from some so-called domain “experts” and “sherpas”!
What expert said never buy numbered domains such as nn,nnn and nnnn but go ask people who own 6 and 7 n now, their asshole is sore.
Hyphen domains because one name sold, keep buying those hyphens or move to Germany where they are popular, usually in German and with .de.
Talking about past recommendations. Back when you could of acquired these domains cheap.
There is a chance this might not be legit. I am not saying it’s not but The author is “guest author” and it’s sponsored on NewsBTC.com, nothing wrong with sponsored but that usually has an agenda someone wants to convey/
The sponsorship might be to promote Block-Chain Token
From the article:
A principal feature of the project is that when performing various activities—commenting and developing new content or simply visiting the site—every customer earns inner Block-Chain.com tokens, or BC for short.
The project is not planning initial coin offering (ICO). The project’s inner token was created to be spent on the Block-chain.com platform for placing ads or using premium services. In addition, BC tokens will be available for purchase and sale on exchanges like EtherDelta.
The total supply of BC tokens is 247,000,000 BC. 200,000,000 of that will be paid to users for activity on the platform, 30,000,000 is reserved for the project team, and 17,000,000 is reserved for certain major and well-known advisors who supported the project.
In general, the founders and investors are planning to invest more than $7 million of their own funds in the project to secure the number one ranking in attendance among blockchain and cryptocurrency projects within a year.
https://www.newsbtc.com/2018/05/22/cryptocurrency-domain-name-block-chain-com-acquired-1000000/
You’re probably right, Ray.
I’m very skeptical of this sale. It’s hard to believe a group would pay so much for a hyphenated domain name. Also, the fact that the article on newsbtc.com is sponsored makes me think that this is all a publicity stunt by the founders of the block-chain.com website in order to gain website awareness and site traffic.
Of course, I fully hope this sale is legit though, as it’d be great for the potential value of my altcoin dot com domain name and other top crypto domains.
“”Of course, I fully hope this sale is legit though, as it’d be great for the potential value of my altcoin dot com domain name and other top crypto domains.””
And also for our – Alt-Coin,com domain too.
You should have sold altcoin during the hype run, you are not going to get that chance again at those levels
I usually wait for Ron Jackson to confirm sales like this.
Blockchain domains (Block, Chain, etc) seem to be getting more sales, in conjunction with the recent downward trend of the volatile cryptp-currency market. Many blockchain startups (non currency-based) have been getting substantial finding, but who knows how long that will last.
It scammy, ICO, beauty.cc, “lets try and get some free publicity” nonsense. Someone flush the toilet.
I agree with Snoopy.
— C. Brown
Most coin start ups and even major players refuse to acknowledge the value of dot com let alone a hyphen, that is why we see so many long dot com, io org etc used. I this sell is real Id be very shocked, shameless promotion no doubt.
I’m sorry (not), but that domain is garbage. I can see how people who don’t know much about domains and what they’re doing might do that, though, and then go for the publicity. The “rule” about hyphenated is one of the rules that really is valid, with only very rare exceptions, this example most definitely not being one. Also if people spend a lot of time, resources and money on a hyphenated site that does become successful – and it becoming and remaining successful is a big “if” – then that has value, but only despite the bad domain involved.
If this is real then seller basically hit the lottery and is laughing all the way to the bank.
Which reminds me, wonder if I can finally log into Blockchain.info after all these years of it not working anymore. Good thing I never left any Bitcoin there.
P.S. I’ll give you an example of a rare bad hyphenated domain that is apparently very successful and probably has been making a lot of money for years, but that is only DESPITE the bad domain and all the time and expense poured into the site:
online-casino.com
Sorry – I actually meant online-casinos.com, which I have been aware of for years. I don’t know anything about online-casino.com.
I hand registered Block-ChainTechnology.com a few months ago. This gives me hope that I might be able to get a couple thousand for it. Hearing all offers!
Come on man, why not go for half a mil now! 😀
…around the same time, I registered Block-Technology.com. – I think is a great domain! Need to make a couple quick sales…hearing all offers! See some awesome flippa auctions from @averagedomains on twitter!