The crypto.com domain name has been sold. The original registrant, Matt Blaze, a professor of computer and information science at the University of Pennsylvania who sits on the board of directors of the Tor Project, registered the domain name in 1993, and according to a report in TechCrunch, has finally succumbed to the many offers.
Blaze, the TechCrunch article notes, has resisted selling for some time and turned down many offers, even as âcryptoâ, originally a common term for cryptography but now more popular for cryptocurrency.
Monaco, a crypto project best-known for developing a crypto debit card and who was using the mona.co domain, bought crypto.com in an undisclosed deal.
Experts told The Verge that Crypto.com could have attracted as much as $10 million, however Monaco CEO Kris Marszalek declined to go into the specifics. While Domain Name Journal is reporting that people close to the transaction have said the domain sold for around $12 million.
âIf it was only about money heâd have sold it a long time ago,â he told TechCrunch in an interview. Blaze had repeatedly said the domain was not for sale, even stating so as recently as January this year. If the domain name sold for even half that it would still be the yearâs biggest reported domain name sale. The largest in 2018 to date according to Domain Name Journal was for super.com, which is the only domain to have made the 7-figure mark, selling for $1.2 million. But there are many unreported sales, many of them very large sales.
The sale came about when Monaco, the pioneering cryptocurrency and financial services firm, announced on 6 July it had rebranded to crypto.com, reflecting its mission to accelerate the global development, adoption, and transition to cryptocurrency. The rebranding came about on the same say they unveiled a new MCO Visa Card portfolio and MCO Private service.