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I invest in domain names, probably about 100. More recently I purchased a few single character emoji domains (specifically country flags just so others couldn’
by throwawaycities 5y ago
I invest in domain names, probably about 100. More recently I purchased a few single character emoji domains (specifically country flags just so others couldn’t) and a few “crypto domains” which function as both web 3 domains and plain English ethereum wallet addresses.
About 2 years ago I bought a lot of crypto themed domains seeing some of the secondary sales…the way I saw it if artificial scarcity is what gave cryptocurrency it’s value, then I’d rather invest in domain names that have a real use - like gold digging, the real money being in selling shovels.
I recently listed a few for sale and almost immediately someone bought cryptocomicbook.com for $1,250 which I registered and renewed only once. However I almost feel like that purchase was part of a scam by the domain registrar to encourage me to register more domains through them.
The number of domains is infinite, so the only real way to make money I think is to be able to buy/sell 2N or 3N domains or generic single word domains, but you probably need a big bank roll to get started in something like that, otherwise you just luck out buy owning something like ethereum.com.