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Unstoppable Domains Announces the Most Expensive Sale of a Domain Name NFT Ever RecordedUnstoppable Domains, a company building blockchain domain names, has announced the sale of its "win.crypto" blockchain domain NFT for a record $100,000 USD. The sale - which occurred on March 3, 2021 - stands alone as the most expensive domain name NFT ever recorded. The purchase of the "win.crypto" blockchain domain highlights the growing interest in the NFT phenomenon beyond digital art. The colossal growth of the NFT market is historic. In February alone, NFT sales across the top three platforms topped $342 million USD - a 400% spike from the previous month, according to DappRadar. Additionally, with February NFT sales surpassing the entirety of 2020 NFT sales, there is mounting speculation that the market capitalization for NFTs could surpass $1.3 billion by year's end. In line with the spiking NFT market growth, Unstoppable Domains unveiled its 94 premium sports and gaming NFTs for public sale, with domain name NFT offerings including "win.crypto", "baseball.crypto" and "gambling.crypto". Within the first three days of March, Unstoppable Domains was able to facilitat the largest domain name NFT sale in history with the "win.crypto" blockchain domain. "The NFT market is experiencing unprecedented growth, and is drawing more attention to the space," said Brad Kam, co-founder of Unstoppable Domains. "While most people assume NFTs are digital art, the reality is there are a substantial number of NFT use cases that don't center around art - like domain names. Domain name NFTs, much like .com names can act as homes for decentralized websites, in addition to replacing complex cryptocurrency wallet addresses with a human readable name. The surge in NFT excitement supports the idea that ownership - whether physical or digital - is incredibly valuable. Unstoppable Domains aims to put true, verifiable ownership in the hands of users with domain name NFTs." The influx of notable celebrities, athletes and recording artists into the NFT space is paving the road to mass mainstream adoption. The phenomenon has allowed creators and enthusiasts to monetize their digital work through NFTs, providing verifiable ownership to buyers, and accessible to new users. "Unstoppable Domains' blockchain domain NFTs can be purchased through Unstoppable Domains and OpenSea, or traded on decentralized NFT trading protocol NFT 20," continued Kam. "While anyone can buy a traditional domain name through a registrar, users cannot buy permanent ownership. Traditional website domains sell for an average of ten dollars, and require a yearly registration fee to renew the domain. The historic sale of 'win.crypto' shows that users see value in permanent, verifiable domain ownership." Following the successful sale of the premium sports and gaming domain name NFTs, Unstoppable Domains will unveil a new batch of premium domain names on a weekly basis, with categories spanning travel and transportation to electronics and finance. Premium domain names are sold on a first-come, first-served basis. The record sale of the "win.crypto" blockchain domain comes on the heels of Unstoppable Domains' February announcement that allows any internet browser access to the .crypto extension just like a .com to view a decentralized website with a single DNS setting change. To date, Unstoppable Domains has registered over 540,000 domain names. To register for a .crypto domain, visit www.unstoppabledomains.com. About Unstoppable Domains Unstoppable Domains is a San Francisco-based company building the universal naming system for the decentralized web. The company is backed by Draper Associates and Boost VC and has received grants from the Ethereum Foundation. Follow them on Twitter (News - Alert), and join the conversation on Telegram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210309005384/en/ |
