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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. |
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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."
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