Blockchain-related companies are buying .xyz domains on the aftermarket.
One of the most exciting stories in domain investing this year is that of Swetha Yenugula. She has invested hundreds of thousands of dollars building a .xyz portfolio of nearly 20,000 names, and this year she’s had record results from her portfolio.
As she turns heads with names like quest.xyz for $70,000 and flip.xyz for $28,000, I looked into her recent high-value sales to see if there’s a pattern. Indeed, it appears that blockchain companies are showing an interest in .xyz domain names.
I reviewed the past 30 sales that Swetha revealed on Twitter. 10 of them are already developed, and 6 of those are blockchain-related companies.
These six domain names are used by companies in DeFi, NFTs, cryptocurrencies, and other blockchain areas: flip.xyz, talisman.xyz, highlight.xyz, decent.xyz, agora.xyz, and demeter.xyz.
Two of the domains, scott.xyz and kenji.xyz, are personal sites.
Continuum.xyz is a site that helps creators with their freelance careers and maxim.xyz forwards to a VR site on .one domain.
Blockchain companies seem to be more willing to use non-.com domains than traditional companies. They’re also flush with money right now, so dropping five figures on a .xyz domain is not a big deal for them.