Featured in the  Wall Street Journal · Forbes ·  Bloomberg · Investors Business Daily ·  ABC News · BBC News ·  CNN/Money · MSNBC · USA Today · New York Times 







to our 
RSS Feed

The Lowdown

Welcome to the 
DN Journal
- your source
for notable news and information from all 
corners of the global 
domain name industry! 

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

"Tech Wreck/Crypto Crash" Dented 3Q Domain Sales at Escrow.com But Business Rebounded in October

Escrow.com has released their quarterly Domain Investment Index (.pdf file) for the 3rd Quarter of 2022.  The company reported a big drop in domain sales revenue from the same quarter a year ago when they rang up $105 million in sales. In 3Q-2022 the number took a 28% dive to $75 million. Escrow.com CEO Matt Barrie said there was no mystery behind the precipitous slide noting, “The decrease in Q3 sales can almost all be attributed to a drop in multi-million dollar mega domain name transactions, which have been a result of the recent crypto crash and tech wreck."

Barrie added, "Venture capital was down in the third quarter by 53%, for example, so we saw a decline in startups seeking a premium brand to launch. The crypto space also experienced a large decline, and crypto ventures have been a large purchaser of $10 million + domains in the last year. The general climate in domains, which we confirmed at NamesCon recently was that many decided to hang up a sign saying ‘gone fishin’ for the summer”.

The good news is that Escrow.com saw the sales trend reversing over the past month. “Domain sales have shot back up strongly in October with significant sales in the first two weeks of the month," Barrie noted. Escrow also pointed out that sales volume was still up 8% year over year jumping from $449 million in 2021 to $489 million in 2022 (across the trailing 12 months).

The following graph  breaks down Escrow.com's quarterly domain sales volume for the past there years. 

Additional information is available in the full press release that Escrow.com distributed today (.pdf file).

(Posted November 1, 2022)  


See all of our recent posts in the full Lowdown section.
If you've been out of the loop longer, catch up in the Lowdown Archive!

We need your help to keep giving domainers The Lowdown, so please email editor@dnjournal.com with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 

Follow us on 
Like us on 
Subscribe to our 
RSS Feed

 SITE LINKS: Home Page | Weekly Domain Sales Report | YTD Sales Charts | The Lowdown
 News Headlines | Get Email Alerts | Site Archives | Classified Ads | About Us | Email Us

No photos, text or content of any kind may be copied from this site without expressed written consent ©Copyright 2022 DNJournal.com - An Internet Edge, Inc. company.