Auction for .com match of popular NFT marketplace closes tomorrow.
There’s just one day left in Sedo’s GreatDomains auction and it will be interesting to see what happens on the final day.
The standout domain is OpenSea.com, a domain that few would have paid attention to a year ago. But the rise of NFTs has been centered around the NFT marketplace OpenSea, which uses the domain OpenSea.io.
The seller set a reserve of between $500,000 and $1 million. It would be a drop in the bucket for the OpenSea marketplace. It would help plug a potential security hole that not owning the .com creates.
So far, four different bidders have bid the domain up to $100,000.
Would someone other than the NFT marketplace buy the domain with hopes of cashing in? It would be a risky move. You’d be hard-pressed to pay the asking price for this domain and argue you didn’t have OpenSea.io in mind when you acquired it.
Portugal.com currently leads the auction with a $205,000 bid, but this is below its reserve range of $250-$500k. Bids under the reserve should be taken with a grain of salt because the bidder knows they won’t be on the hook to buy the domain.
The most expensive domain to hit its reserve so far is Comedy.org at £2,851.