Last week I was pretty surprised to see that an auction I was following on Go Daddy Auctions, CryptoCustody(.)com sold for a whopping $23,250. I learned about the sale price thanks to this tweet from NameBio.
Before I go any further let me just say that I’m a fan of domain names with the word “crypto” in them. These are still the very early days of crypto and I think there’s a bright future ahead for Bitcoin, Ethereum, and a number of other tokens.
I see a lot of very positive bullish signs when it comes to crypto, from Bitcoin breaking past $11,000 again to major VC firms like Electric Capital announcing new funds that are going to pour money into lots of new tokens.
So as a big believer in crypto, I’m never surprised when a crypto-related domain sells for big bucks…that being said, if you look at the last 100 domain sales on NameBio that start with the word “crypto” and end with another word, in .COM, the average sale price is under $1,000.
I ran the numbers and the average .COM that starts with “crypto” sells for $918. Names like CryptoManage(.)com sold for $430, CryptoListing(.)com went for $325, and CryptoGurus(.)come fetched $490. But I’ll admit, those are more mediocre names, better ones like CryptoForums(.)com sold for $2,500 and CryptoNow(.)com went for $3,049.
The head scratcher for me is why the word “Custody” when paired with “Crypto” made this such a hot name? Like I said, I’m a fan of crypto, I’m personally buying domains with the word “crypto” in it, I’m long crypto in multiple ways…but this crypto domain sale price makes no sense to me.
Do you get it?