Matt Blaze, a cryptographer, has sold the highly prized domain name Crypto.com to Monaco, a “cryptocurrency and financial services firm,” for an undisclosed sum.
Since the advent of cryptocurrencies, Blaze has been inundated with enquiries as to the availability of the highly brandable domain name. In a tweet published on 5th January 2018, he stated, “For anyone else trying to contact me for this reason [crypto.com], don’t bother. Not for sale”.
However, in a post published on mattblaze.org on 7th July, the cryptographer has revealed he’s since reversed his stance and sold the domain name. In the post he states:
“Last month, I reached an agreement to sell the domain. I have no idea what the new owner plans to use it for beyond what I read in the trade press, and I have no financial stake in their business.
“The details will have to stay confidential, but I will say that I’m satisfied with the outcome and that it involved neither tulips nor international postal reply coupons”.
In an announcement posted on Medium.com, Kris Marszalek, co-founder and CEO of Monaco, stated:
“As the name we’re taking on is also representative of the entire space, it comes with a huge responsibility to carry the torch. We will strive to deliver impact worthy of the name and build infrastructure that enables growth of the ecosystem, delivering on the promise of a decentralized future”.
In the post, Monaco also announced the rebranding of its social media profiles across a number of social networks, including Twitter, Facebook, Reddit and Instagram.
While the sale price is undisclosed, The Verge reported earlier this year that some speculators believe the domain could be worth as much as $10 million.
The domain industry has also recently witnessed other cryptocurrency domains fetch millions of dollars. For example, earlier this year Cryptoworld.com sold for $195,000 while Eth.com fetched $2 million.
“Crypto” registrations are also among the more popular registrations reported in Verisign’s quarterly domain industry brief.