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May 02, 2013

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Companies in the News: .ME Registry, Hilco IP Auctions, Afternic & NameJet

In a refreshing change from the usual registry model - where you have no chance to get one of the best domains unless you have deep enough pockets to win an auction - The .ME Registry is going to release five previously reserved generic names to applicants who come up with the best development plan for those domains.  The registry will start accepting applications to develop Around.ME, Hire.ME, Fund.ME, Find.ME and For.ME on May 10, 2013 and will leave the window open until June 15, 2013.

All businesses, large or small, existing or start-up, are eligible to apply. .ME Registry CEO Predrag Lesic said, “The goal of the Premium Domain Program is to assign the very best premium domains to the best content. We are not interested in just selling the domain; we think the quality of service provided has a far better value for our company and for the end users. That’s the main criteria we’ll be looking for in our Premium Domain Program applicants.”

.ME, who started the Premium Domain Program in 2008, believes (and I think correctly so) - that the long term success of the extension depends on people being able to find useful sites on .ME domains - thereby increasing recognition, trust and registrations in the TLD. While they could get more cash in the short term by selling those premium names off, the payoff will be infinitely larger if people start seeing and using more .ME domains in their daily life. 

If you are someone whose preference (and resources) lean toward just buying high quality domains outright you may be more interested in an upcoming IP auction that will run May 20-22, 2013 with domains (and related IP assets) including Bargain.com, BrandEquity.com, ETM.com, VirtualMall.com and others going on the block. 

The auction is being run by Hilco Streambank, an advisory firm specializing in the valuation and marketing of brands, trademarks and other intangible assets. They were hired by several well-known corporations to sell off these domain assets               

The domain names and related intellectual property including trademarks, customer lists and vanity phone numbers will be sold in separate lots in an auction on Hilco’s internet auction platform. Interested parties can visit the HilcoIPAuctions.com website for more details.

Elsewhere, two of the domain industry's most popular auction platforms, Afternic.com and NameJet.com, have announced a new partnership under which Afternic’s portfolio of premium domains with Buy it Now prices will be offered to NameJet customers. Eligible Afternic domains can be immediately transferred to NameJet customers. 

NameJet’s General Manager Matt Overman said, "We are committed to providing our expanding customer base with more choices and the best user experience for acquiring premium domains, and Afternic was a natural choice.”

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(Posted May 2, 2013)


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