Altcoins

Crypto.com Domain Bought by Monaco For Millions of Dollars

Crypto.com Domain Bought by Monaco For Millions of Dollars

The sought-after domain thanks to the cryptocurrency revolution, Crypto.com is finally bought by a cryptocurrency company. The cryptocurrency company that has been reported to buy it is Monaco which is a surprise to many.

Monaco is a cryptocurrency VISA card and universal money application company which allows people to spend and send money globally at interbank exchange rates. Monaco’s success lies with the fact that it charges no fees and markups.

Wanting to own the Crypto.com domain will help Monaco gain not just marketing credibility but also rights to the high in demand Crypto.com

Monaco CEO Kris Marszalek commented on the latest domain purchase, “This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose.”

Crypto.com was bought from a college professor by the name of Matt Blaze back in 1993. Time and again he has refused to sell the domain to cryptocurrency. Matt Blaze was a security researcher and bought the domain as it was in reference to ‘cryptography.’ Little did he know that twenty-five years later it would be so valuable.

Matt Blaze had even tweeted his disinterest in selling Crypto.com.

How did Monaco crack him?

Reported hints about an involvement more than money have surfaced. However, this has not been confirmed.

The deal agreed upon has not been disclosed, but speculations suggest anywhere between US$ 5 to 10 million for the domain. Crypto.com will most probably be the most expensive cryptocurrency related domain as compared to previous sales such as Eth.com which was sold for $2 million.

Image Source: “Flickr”


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