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Saturday, May 04, 2024
Industry News

Domain sales are boosting on the aftermarket

Escrow.com, the world’s largest online escrow company, reported an important increase of domain names sold through its platform. From June 2021 to June 2022, sales reached a whopping $519 million, up by 85% in the last two years. For the first half of this year, secondary domain sales already represent more than a quarter billion dollars. Moreover, ”the average price of premium domain names has boomed”, the press release read, from about $17,000 in 2Q20 to $39,000 in 2Q21 and then to $50,000 for the first half of 2022. For the company, these impressive numbers confirm that domain names remain among the strongest virtual assets out there: “The real land of the metaverse is and has always been domain names, upon which websites, apps and great technology companies are built.”

Full source:
https://www.dnjournal.com/images/lowdown/escrow/220927_escrow.com%20metaverse.pdf