Domain auction concludes with bid valued at $750,000.
This afternoon, I’ve received a couple of emails from people attending the Handycon 2022 live domain auction. A bidder named “whale” just won an auction for the .s Handshake domain for 4.7 million HNS tokens. At the current price of just under $.16, that’s about $750,000.
Namecheap CEO Richard Kirkendall confirmed to me that he was the winning bidder.
It’s the highest known price ever paid for a Handshake domain.
The top level domain was originally purchased for about 63,000 HNS in an auction in November 2020.
Handshake domains don’t work like regular domains. They are based on blockchain technology, and, for anyone to visit a site built on one, people have to use a special browser or plugin. Blockchain-based domains are becoming somewhat popular for crypto wallet addresses, but I’m not aware of any websites built on one that have gone mainstream. They face uphill challenges.
Unique to Handshake is that you can buy the top level domain — in this case .s — and then sell second level domains below those.
A couple of domain name registrars offer second level Handshake domains, most notably Namecheap. So in this case, Namecheap will act as the registry for .s and offer the domain to its customers. Other registrars could conceivably offer the domains as well, and pay Namecheap a registry fee.
Namecheap also owns Namebase, a popular onramp and marketplace for Handshake TLDs.
I imagine the appeal of .s is that you can take any singular word and make it plural, such as domain.s or flower.s.
This story has been updated to reflect the identity of the buyer.
The bidder was likely richard -namecheap who is doubling down on the HNS token/tld stack. Interesting to see successful crypto people making investments in HNS with a future vision it will play a key role in the dweb/dstack narrative playing out.. Your biggest gains happen in the “be early” stage so time will tell if this is a hero or zero acquisition..
I call a huuuuuuge FAKE on many/most/all of these types of sales.
These are psyops trying to teach you that those digital fungus token thingies have some “value”. Maybe if you spent only a “mere” few thousand dollars on that rubbish, yours could turn into that big 5/6/7 figure sale too!?!?!?!? SO go crazy and buy a few cheaper ones, right? Nah.
Those are all virtual fictional assets… now that the truth has become more widespread about the fraudulent financial and fiat currency system, they desperately want to promote new synthetic currency/asset cons which of course “they” print for free but you need to sell your real assets and swap your real labour.
And for those of you who like this stuff and make a little $$$ from it, I wish you the best of luck, but your involvement in it still does not turn a digital nothingness assets into something of real value.
Todd Ryan says
Thanks for chiming in edad. I appreciate you sharing your knowledge and experience here. That was my guess about the buyer. We’ll know soon.
Glad I spent some time last year protecting my web2 single world .com investments by acquiring the matching web3 names in ENS (.eth) and HNS. As a bonus, the small $xxx spent on ENS names earned me a nice $x,xxx airdrop. And after claiming my .com names in HNS, I also won a few hundred auctions for other single word HNS names that are now in high demand. The recent majority acquisition of Namebase.io by Namecheap is huge!
Today I asked that very question; to see if the sale of .s/ really did go through. For the record Flamingo handshake did confirm the actual transaction.
and Richard’s (Namecheap CEO) tweet
S stands for Sh*t and that is all the handshake names are
hi, can you explain why handshake names are “sh*t” thank you
Rick parks says
For the commenters here. Handshake portocol (hns) is a new naming system. Not nft artwork. Traditional names like .com .org .net..etc ..are controlled by 13 points and only has 1600 names for the billions of users. Handshake (hns) can fit 63 million and is blockchain so no choke points and global access. Also it is highly secure. Much more so than the 30 year old dns system that gets hacked daily. For access Beacon browser on ios or fingertip extension for desktop)
Rick parks says
Example of uphill battle.
At this time hns names are not recognized/allowed in many apps. My funtional test site wealthy.forever is not recognised/allowed in the website section here that shows when i reply. The . Forever site is a mix of hns and etherum chains.
(It is currently pointed to amnesty international) we stand with ukraine
Ponzi never dies. Just changes his name to fit the times.
hi, why you call it a ponzi ? could you explain please thank you
Another person ripped off by Tieshun says
. @TieshunR is the founder of Handshake should not be trusted. He’s a thief. He sold Handshake to Namecheap for $750K based fake expected income from HNS domains because there is no way to turn off auto-renew. So he misled both Handshake users and Namecheap.
It takes him months to respond to a single email. It’s ok, if karma doesn’t get him, someone he left high and dry just might.