Nfts Com Sold For 15m

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NFTs.com Domain Name Sold For $15 Million  

 
After being purportedly purchased by an unidentified buyer for $15 million, the domain name “NFTs.com” will now have a new owner. The purchase is the second-biggest public domain deal in history and the largest public domain name sale so far this year.
 
GoDaddy and Domainer.com mediated the agreement. Escrow.com, which supplied escrow services and transaction confirmation, assisted in the sale by facilitating it.
 
One of the Biggest Ever Domain Deals  
It’s a big deal that the domain name NFTs.com is being sold. The purchase, which was the largest public domain name sale this year, ranks as the second-largest public domain trade in history.
 
The domain name “Voice.com” was sold by MicroStrategy for $30 million in cash in 2019, making it the largest domain selling deal in the previous ten years. Block.one, a blockchain-based social media network, bought the domain name and afterwards introduced “Voice,” another blockchain-based social media platform.
 
In the official press announcement, Jackson Elsegood, General Manager of Escrow.com, said:
 
“The recent acquisition of NFTS.com is one of the largest Web3-related transactions we’ve seen on the platform.” Lead broker on the deal, Matt Holden from the Domainer.com team, said:
 
“It was a pleasure to work with all parties involved with NFTS.com, an incredible opportunity for the buyer to acquire a category killer domain and one of, if not the best, possible “.com’s” in the entire Web3 space.”
 
An NFT Marketplace  

 
The companies engaged in the domain deal are not identified, and it is unclear what the future holds for the “www.nfts.com” website. On the landing page, however, visitors are met with the text “Powered by DigitalArtists.com Marketplace.”
 
According to Digital Artists, Web 3.0 collaborations, NFT drops, and new and experienced artists may all be found on this selected NFT art site. NFTs.com is therefore likely to develop into a hub that provides NFT services or an NFT marketplace.
 
Escrow.com stated in the press release that the buyer “had associations with other web3 projects, such as DigitalArtists.com, which offers a curated web3 service to artists,” even though no official intentions have been made publicly known for a project at NFTs.com.
 
On the other hand  
2021 saw a rise in NFTs. The NFT market is not yet showing indications of normalization, though.  
The value of NFTs is increasingly being determined by their use cases and the effects they have on digital ecosystems.  
According to data from NFT data aggregator CryptoSlam, secondary market NFT sales decreased by 25% in July from levels of $650 million in June, marking the second consecutive month that they went below the $1 billion barrier.  
Why It’s Important  
Given the recent introduction of NFTs, the domain is incredibly valuable and has a lot of promise. In the Web 3.0 ecosystem, NFTs are essential because they change how digital assets are owned and foster the development of additional industries like peer-to-peer gaming and the metaverse economy.  
Blockchain domains with.crypto,.nft,.bitcoin, and other Web 3.0 phrases have grown in popularity over the past year. Because they are not stored on a server like standard domains are, blockchain domains are special. They are kept in a public registry instead.  
The Web 3.0 digital identification platform Unstoppable Domains raised $65 million in a Series A fundraising round last month. Following the funding, the company has a $1 billion valuation, making it a “unicorn.”  
Source: Investing
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