The domain name industry finally has something to rejoice upon. It has been reported that the domain name NFTs.com has been sold for $15 million. With this multi-million dollar deal, the domain name has become the second highest publicly reported domain sale till date. Second only to Voice.com.
The name of the buyer of the domain name hasn’t been announced yet. But we know that the buyer has some association with another domain name DigitalArtists.com, as it has been mentioned in the website at the domain name. The website currently has NFTS.COM written in Bold fonts, with ‘Powered by DigitalArtist.com Marketplace’ written below it. It has also been mentioned that the deal has been brokered via Domainer.com.
This deal is significant as it depicts the scenario of the present times. NFTs and Blockchain associated assets are getting popular day by day. However, the Blockchain domain still has a lot of catching up to do as compared to the conventional domain names. In such cases, Crypto related names are quite popular in the Domain Name market.
The association of DigitalArtists.com with the acquisition leaves little doubt as to what the domain name would be used for. The domain name would be deployed for developing a marketplace for digital artworks. This could certainly be a future competition to monopolistic control that Open Sea currently has in the NFT marketplace.