New York, NY – At a time when crypto continues to hit all-time highs, Blockchain companies are showing a major interest in .xyz domains. When purchasing a domain, some investors gravitate to buy a website with traffic and one with the .com extension, However, Blockchain companies are going against the grain and according to DomainNameWire.com, Domain investor Swetha Yenugula has sold a number of her .xyz domains to blockchain-related companies.
OnlineBusiness.com is a digital marketplace for premium domains and starter sites and always looks at the latest domain sales to find trends within the industry. One such trend is how the Blockchain industry is making its mark in the domain industry by using non-.com domains.
Some .xyz domains that are being used for blockchain projects include:
As an industry that looks to disrupt how we look at traditional payments and fiat, it’s no surprise that Blockchain-related companies are gravitating towards non-.com’s in what is usually the direction a relatively new industry would go in, especially when there is a lot of capital being pushed into these companies.
And it’s not just .xyz that is gaining traction within the blockchain industry, domains with extensions such as .crypto, .eth, .nft, among others are hitting NFT marketplaces and selling for upwards of $100k. It is expected as cryptocurrency and blockchain continue to trend up so will these crypto domains and at some point in time start to reach the domain sales seen for .com domains.
“As emerging tech such as blockchain continues to gain mainstream adoption, new GTLD domain sales continue to rise. Only time will tell the staying power of these new extensions but if we’re going by the current demand, there could be a major shift in the way investors approach their strategy on how to buy a website domain,” said Michael Santiago, Founder of OnlineBusiness.com
It isn’t to say that .com is going anyway soon nor is being looked over by blockchain companies. SushiSwap recently acquired Sushi.com for a purported $1.9M.
With the amount of funding going into Blockchain technology, one thing is for certain is that these companies also understand the importance of a premium domain name to increase their brand and reputation whether they opt for a non-traditional .xyz, trending .crypto, or the traditional .com.
For companies or investors looking to purchase domain names, OnlineBusiness.com has a growing portfolio of Blockchain and Cryptocurrency Domain Names.
OnlineBusiness.com is a digital marketplace for premium domains and starter sites. They specialize in helping their clients to acquire the best domain name to increase credibility and brand power. Currently, they list over 3,500 domain names with a combined valuation of over $5M. To learn more visit https://www.onlinebusiness.com.
OnlineBusiness.com Media Team