[PRESS RELEASE – Zürich, Switzerland, 17th January 2022] Cloudname, a pioneer NFT-based domain investing service, has announced the launch of its new innovative platform for the tokenization and trading of domain names to bring improved liquidity to the market and give the crypto world access to an asset class that is ripe for democratization.
Domain name investing is one of the internet’s oldest money-making machines, with web addresses being resold for thousands of dollars. Consulting firm BCG estimated that dot-com (.com) domain names, on average, sell for around $2,000 in the secondary market. That presents investors with attractive upside potential from the typical retail price of $10 to $16. Still, some high-end web addresses have been resold for millions of dollars. Electric carmaker Tesla Inc. famously bought the tesla.com domain name for roughly $11 million.
Despite the high potential returns, domain investing is popular only among a certain group of internet entrepreneur

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