Did you know? The most expensive domain name ever purchased was “Cars.com” in 2014 by Gannett – an American mass media company. Want to know how much it cost? Brace yourself: $872 million! But wait, it gets even crazier. The overall deal that included Gannett’s stake in the Cars.com business was actually valued at $1.8 billion.
With the acquisition of Cars.com, Gannett took advantage of a precious piece of online real estate.
This is how businesses and brands always try to snag the perfect domain name. It’s like buying a prime piece of real estate on the internet.
In the early 2000s, the booming business of domain name trading took center stage. Fast-forward to today, and the world of domain name trading is taking a fresh turn with fractionalized NFT domains as assets in crypto investments.
Also read: The Rise Of Fractional Tokens: Unlocking Access To Exclusive NFT Collections
What are NFT-based domains?
NFT-based domain names make life a lot easier for cryptocurrency users. Basically, they take those long, complicated hexadecimal crypto addresses and turn them into readable usernames that are way easier to remember. Plus, they can even be used to create decentralized websites!
But here’s where it gets really interesting: these domains aren’t just normal top-level domains like .com or .net. Oh no, they have suffixes like .crypto and .eth that make them unique and special. And get this, you can even trade these domains as tokens on the blockchain.
Why are these domains so important? Well, they make crypto wallet addresses easy to remember and identify, which is a game-changer for anyone who’s struggled with remembering those confusing codes. Plus, with so many providers out there, you have tons of options when it comes to choosing the perfect domain extension for you. There’s
- .x,
- .crypto,
- .wallet, and even
- .bitcoin.
How Do NFT Domains Help You Earn Money?
Remember how people used to buy and sell website domains back in the early days of the Internet? Well, now, with NFT domains, you can flip them and make a killing.
Say you mint a really cool Web3 domain name like roger.eth. If someone named Roger really wants that name, they might be willing to pay a fortune. And the market for short, memorable NFT domain names is growing like crazy, spurring a rush for the best Web3 domains.
Like other NFTs, NFT domains present a lucrative trading opportunity as people buy and sell desirable Web3 domain names.
Another way to profit from NFT domains is by renting them to individuals or organizations seeking a unique wallet address or a link to a decentralized website. For instance, Voice.com sold for a jaw-dropping $30 million in 2019, while NFTs.com was sold for an impressive $15 million in August 2022.
How does fractionalization of NFT domains attract users?
Did you ever think about how hard it is to get started in the internet game when all the good domain names are taken? It’s like trying to build a house on land that’s already owned by someone else. But what if I told you there’s a way to access those prime real estate properties and make some serious money?
It’s called fractionalization, and it’s the only way to open up access to premium domain names. Basically, it means breaking up those expensive domains into smaller chunks that more people can afford.
Fractionalization has the potential to massively expand the domain market, bringing in new investors and increasing retail participation. In fact, a report by the Boston Consulting Group said that the secondary market for domain trading is already valued at around $2 billion.
Plus, there’s the added benefit of liquidity thanks to blockchain tokenization. This means you
can buy and sell domain tokens or NFTs in real-time, getting rid of the liquidity bottlenecks that domain owners often face. It’s a win-win for everyone involved.
So if you’re looking to own some premium assets online, don’t let the lack of funds hold you back. Fractionalization is the future, and it’s time to get on board.
Ommniverse – a trusted fractional NFTs marketplace
Ommniverse is a serious player in the fractional NFT marketplace, with tons of users buying and selling their NFT assets. And they’re changing the game when it comes to accessibility and community building, allowing everyone from brand new investors to seasoned collectors to invest in prime digital assets.
With Ommniverse, you can own a piece of the most coveted NFTs without breaking the bank. This innovative approach reduces entry costs, opens doors to more investors, and creates new communities. In fact, investing in iconic and fractional NFTs through this platform is such a great move that you’ll find yourself joining a group of like-minded collectors in no time! Plus, the security features on the platform make sure that you’re investing in high-value NFTs that are super safe.
So if you’re all about making savvy investments and joining a fun, supportive community, check out Ommniverse today!
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