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

 

 

 

The Lowdown Subscribe to our RSS Feed

Welcome to the The Lowdown from 
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.


New Reports from Escrow.com and GGRG.com Detail Domain Sales Boom in 1Q-2023

Two new reports just issued by Escrow.com and GGRG.com show a big jump in total dollar volume for aftermarket domain sales in the first quarter of 2023. Escrow.com (as part of a market announcement from parent company Freelancer) reported that total $ volume on their platform soared 47% higher than the previous quarter with domain names being a driving force in the boom (Escrow.com also handles transactions for other high value assets like motor vehicles, watches and jewelry).

Escrow attributed the volume growth to an anticipated boom in venture capital flowing into startups capitalizing on generative AI. For example, the company facilitated the purchase of Chat.com and Prompt.com, as well as other high value domains such as NewYork.com. Escrow cited the recent sale of the MakeLogo.ai business through Acquire.com and Escrow.com for $65,000 as another example from the AI-triggered boom.

GGRG's Q1-2023 Liquid Market Report mirrored Escrow.com's experience, which is to be expected as Escrow is one of GGRG's primary data suppliers. GGRG covers a subset of the overall aftermarket - short acronym and numeric domains that, due to steady demand, tend to have more liquidity than most other domain categories. These are .com domains comprised of 2-4 letters, 2-5 numbers or a combination of 2-3 characters mixing letters and numbers. GGRG stated that Q1 2023 was an absolute record quarter, topping all others covered in the 26 previous editions of their report. 

The new edition noted "With over $43 million in Escrow.com reported sales, it eclipsed the now second best quarter (Q4 2021) which came during a peak stock and crypto market. The reason for the record quarter was an unusually high, 8-digit number in two-letter .com sales ($15.7 million) and 4-letter .com sales ($23.8 million), probably as the result of monster sales." 

(Posted April 18, 2023)  

*****


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 [email protected] 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 
Twitter
Like us on 
Facebook
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 2023 DNJournal.com - An Internet Edge, Inc. company.