Cryptocurrency Platform Monaco Purchases the Domain Name Crypto.com

[felixesteban]

According to insider Niko Younts — owner of over 1,000 crypto-related domain names — the cost of the domain could be between $5 to $10 million. Younts, who spoke with The Verge, noted that the term “crypto” is a big one for industry leaders from a marketing perspective. As of now, the numbers surrounding the deal have not been made public and Monaco CEO Kris Marszalek has declined to go into any specifics.

The domain name was first registered back in 1993, years before we saw the emergence of Bitcoin, by professor of computer and information science at the University of Pennsylvania Matt Blaze — who also sits on the board of directors of the Tor Project.

Although the professor has received an increasing number of offers for the domain name over the past few years, Blaze has repeatedly said that Crypto.com was “not for sale.” He stated the fact on Twitter in September of last year, when cryptocurrencies were attracting a lot attention due to the increasing value of the coins, and again in January.

Despite this, Blaze has agreed to a deal with Monaco, a cryptocurrency platform that offers wallet and exchange services and is also developing a crypto-backed debit card in cooperation with Visa. As noted, the numbers have not yet been released, but according to Monaco’s CEO the deal wasn’t all about the money, the sale was more about finding the right home for the domain: “If it was only about money he’d have sold it a long time ago,” Marszalek said.

Read more:

https://www.newsbtc.com/2018/07/09/cryptocurrency-platform-monaco-purchases-the-domain-name-crypto-com/