Details are limited but deal will give MMX’s portfolio a nice bump.
New top level domain name company MMX (Minds + Machines) has scored a $500,000 deal to register 90,000 second level domain names under its top level domain names within the next 12 months.
Beyond that, details are scant. MMX CEO Toby Hall said he could not provide more details at this time.
However, in previous market reports the company alluded to deals for its geo domain names, so it’s possible that some of the registrations will be across its geo top level domains, such as .london and .miami.
The deal also comes out of the U.S. and European markets, so it doesn’t involve Chinese domain investors. In fact, the company says that it believes the 90,000 domain names will be put to use.
One similar deal that comes to mind is when DigitalTown.com, led by Rob Monster, acquired 11,000 .city domains from the registry at a $3 first year price. The MMX deal comes out to just over $5.00 per domain.