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The State of the Industry 2025: 30 Domain Experts Weigh in On What Mattered in 2024 and Where Money Will Be Made This Year 

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(Home Page with the Corporate Executive interviews located below the Panel of Experts
Index photos)

Andrew Allemann
Founder, DomainNameWire.com

Andrew Allemann, who founded Domain Name Wire in 2005, is one my colleagues in the domain media corps and, like most of us who write about domains, Andrew is also a veteran domain investor with countless acquisitions and sales to his credit. As a serial entrepreneur has built and sold multiples company and also found time to create a popular DNW podcast that is one of the best in the business.

Andrew Allemann

A couple of things stand out for 2025 First, the death of AdSense for Domains had a huge impact on our industry. While most domain investors no longer park their domains with ads to make money, it was still a large part of the business. The end of AdSense for Domains will hurt the bottom line of many domain companies, and it is bad for everyone in the space, even if they didn't directly make money from parked domains.  

Another notable development was the return to growth in the overall domain base after a couple of years of stagnation. This is particularly evident in .com, which had been shedding domains but grew nicely in 2025.

The next round of new top level domain name expansion will kick off in 2026. This will draw a lot of attention to the domain space. It will be interesting to see which new companies will participate this time. There are a couple of companies that didn't apply for names in 2012 that plan to apply for 100+ domains, in addition to established top level domain companies that will certainly double down.  

Braden Pollock
Founder, LegalBrandMarketing.com

Multi-talented Los Angeleno Braden Pollock, one of the industry most widely-known domain investor/developers, is primarily an Angel Investor who has invested in some two dozen technology start-ups. He has also purchased more than a dozen small companies that have been rolled up into existing companies that he owns and operates.  

Braden Pollock

It goes without saying that AI was among the biggest trends that affected the domain business. There's the use of AI for domain search and discovery as GoDaddy, Atom and others have rolled out. AI is also being used for appraisals e.g. Appraise.net and DomainValue.com - and certainly others. But most importantly, AI is driving domain sales. The fact is that half of all VC funding in the US in 2025 was for AI companies. There are so many new AI companies that need domains that we're seeing, not just .AI sales but .com and other TLD sales as well. Like with any other emerging trend, the domain sales include generics, brandables, keyword+AI, and even new AI related terms. Just as AI has propped up the "financial" economy, AI has propped up domain sales. I expect that to, thankfully, continue in 2026.

In addition to AI-related domain sales, I expect premium domains to continue selling for higher prices. As I connect with buyers, it's evident that more and more business owners understand that premium names come at a premium price. The

learning curve for the general public seems to be shortening, which makes our jobs easier. Although we still have a long way to go.

I expect to see some consolidation of portfolios this year as investors start to join forces. I also see real domain fractionalization on the horizon which will make way for institution liquidity in a way this industry has never seen. Exciting times! 

Chad Folkening
eCorp Founder, Digital Architect

Chad Folkening helps entrepreneurs and professionals increase asset value quickly by leveraging time compression tools and network effects to create valuable and distributed digital ventures in a stakeholder model. He is a life-long entrepreneur and consultant for many leading digital companies including Global Ventures LLC, a technology-based venture development, advisory and investment group. With over 26,000 premium internet domains, he advises them on management, development and integration of a new model Contrib. He also co-founded Bidtellect, a global leader in native advertising exchange. Chad was already an established industry leader when we profiled him in a 2010 Cover Story and he has moved the ball dramatically further down the field since then.

The most significant shift in 2025 was the transformation of domains from static assets into what we call DNA—Digital Native Assets—programmable properties capable of operating as autonomous businesses from day one.

This isn't theoretical for eCorp. We launched ContentAgent.com in late 2025 as part of our AgentDAO and VentureOS platform. Within weeks of deployment, it was live with five autonomous features—AI topic discovery, plagiarism detection, brand voice synchronization, a content library, and automated blog deployment—all running without a single employee. The domain now has over 1,200 users subscribing via ESH tokens on Base, generating revenue through a bonding curve model that rewards early adopters while creating an onchain verifiable and professional reputation. No pitch deck. No fundraising round. Just a good brand URL creating and distributing value.

This compressed timeline—from dormant domain to functioning digital business in weeks—represents the real trend of 2025. AI matured from a 

Chad Folkening

bolted-on feature into underlying infrastructure. The result is that proof-of-value now matters more than traffic metrics. Domains that can demonstrate engagement, conversion signals, and revenue indicators are separating themselves from purely speculative inventory.

The broader industry is catching up to what we envisioned when we started eCorp in 1996: domains as operating entities, not placeholders. The technology finally arrived in 2025.

In 2026, buyers and partners will ask a different question: not "what is this domain worth?" but "what does it already do?" Workflows, data, automation, revenue—these become the new valuation inputs alongside keyword quality and comparable sales.

The most important implication is the rise of the zero-employee enterprise (eCorp). ContentAgent.com proved a premium domain with intelligent automation can test, operate, and monetize at scale previously requiring teams. This fundamentally changes entrepreneurship economics. Platforms like VentureOS are designed to replicate this model across portfolios—coordinating AI agents, execution, and distribution around the domain itself.

Chad Folkening is frequently asked to speak at industry events, 
This shot is from the 2023 NamesCon Global conference in Austin, Texas.

Network effects will define winners in 2026. Domains embedded with agents earning referral revenue, forging partnerships, and integrating into vertical ecosystems will outperform isolated assets and portfolios. Assets creating value 24/7 is the opportunity and building them is the challenge. Operators who think and act in systems rather than single-site optimization or single sale models will have the advantage in 2026.

The challenge will be signal versus noise. As AI lowers launch barriers, the industry will see an influx of shallow projects. The advantage goes to disciplined execution and durable systems over one-off experiments. For our industry, this is healthy—it rewards builders and further solidifies domains as foundational assets in the digital economy.

2026 is the year technologies converge on top of URLs to create something special. The operators who embrace that shift will define what domains become and see the full potential. To a Happy and Healthy 2026!

David Castello
Co-Founder, CastelloBrothers.com

David J Castello partnered with his brother Michael Castello in 1997 and began monetizing PalmSprings.com. In its first ten years, the site generated over $15 million in profit and its monetization model was replicated with other sites throughout the CCIN network including Nashville.com and WestPalmBeach.com. He is also a member of ICANN’s Business Constituency. David is a published author (The Diary of an Immortal 1945-1959) and professional drummer (Werewolf Tunes). He lives in Flagler Beach, Florida with his partner Bree and their five-year-old daughter Venus Victoria.

We did extremely well monetizing our Geodomains like Nashville.com, PalmSprings.com and WestPalmBeach.com, but after doing it 24/7 for over ten years, I was burned out and jumped at the chance to drum and tour internationally with BREE (www.BreeMusic.com). Besides having the time of my life, it also allowed me the opportunity to see the domain name industry from the outside looking in. People in the entertainment industry were curious as to what I did besides music. When I mentioned “Domain names,” they replied, “Oh, you mean like GoDaddy?” This wasn’t their reply most of the time. It was their reply every time.

I was impressed. GoDaddy had created a brand so powerful that, in the Public’s eye, it had become synonymous with domain names. When I returned to the domain world, we had an inquiry for Islanders.com. I chatted with the buyer who was launching a clothing line named Islanders and 

David Castello

intuitively knew he needed the domain name, We agreed on a six-figure price. This was a huge expenditure for him, but he wanted the name. The next day, he called and said the deal was off. He was angry. I was stunned. He told me that GoDaddy had appraised Islanders.com for only 20K (check it yourself). Suddenly, the buyer saw me not as an online brand specialist, but as a con man.
This hit me hard. My brother, Michael, and I have fought to protect our reputation. I checked GoDaddy’s GoValue and was shocked to see that our six and seven-figure names were appraised for less than 25K.

In fact, GoDaddy’s present system doesn’t allow for a numerical appraisal above 25K for any name.
Knowing firsthand how powerful GoDaddy’s brand is with the Public, it wasn’t hard to extrapolate that they’ve been severely suppressing domain name value in the Public’s mind for years. There seemed to be no solution until October 2025 when GoDaddy launched their Ultra-Premium site, DomainNames.com. To be listed, a name has to be valued at a minimum of 100K. We submitted a handful of names. All were accepted, even though GoDaddy appraised each for less than 25K. Why did we do this? Two reasons. Both systems, GoValue and DomainNames.com, cannot continue to co-exist. In addition, we wanted to have our hand in the pot. It’s a lot easier to advocate for change when you have a vested interest.

So, in November 2025 I attended NamesCon in Miami and spoke with GoDaddy’s staff. Soon after, GoDaddy informed me they will be revamping their appraisal system. For the first time, they will be telling the Public that names are worth six and seven-figures. Will this raise eyebrows throughout the business world and attract a new generation of educated buyers? You bet!

Left to right at the 2025 NamesCon Global conference in Miami: 
Shane Cultra, Andrew Rosener, David Castello, Kevin McKim and Steven Kaziyev.

Most Domainers have no idea how much this will change the aftermarket as we know it. The seismic shift will be massive across the board. Domain names are one of the best investments, but the Public is confused about domain value above 25K. When they hear about a major sale, they think it’s a fluke. Those days will cease to exist and the domain name industry will cease to operate inside a bubble.

Deepak Daftari
Domain Investor, Consultant & Angel Investor

Deepak Daftari has helped Fortune 100 & 500 clients and companies acquire strategic domain assets and potential billion dollar brand names. He has over 15 years of extensive experience with stealth acquisitions of desired Domain Name Brands and has closed numerous 6 and 7 figure sales. He has also run one of the oldest education portals in India since 1999 with a user base of more than 1 million.

2025 has been a remarkably interesting year, with some domain investors making exceptionally large gains with their AI holdings, while some did not see the wave coming and missed the boat completely.  We have seen plenty of 6-figure sales and even a few 7-figure sales, and the sales of AI names are only getting stronger as time goes by.  

Domainers who started in the last few years are making some phenomenal sales and getting the capital to invest more with some of the non-com extensions like .ai, .io, .co, .gg, .app, etc.

2025 was also significant for marketplaces with Spaceship and Atom gaining more market share and many more in the drawing board stage.

Going forward into 2026, I perceive that the market is going to see some extraordinarily strong seven and eight-figure .com sales on a regular basis, and the occasional mega outliers. 2026 means more marketplaces, more options. Greater choice for large domain portfolio holders in where to list their names, how to list their names, what commissions to pay, and the payment options, with plenty of options to choose from.   

Deepak Daftari

Acquiring meaningful names in .com is going to be an extremely expensive affair from here on. And in some cases, prices are already touching the lower end of retail pricing. I do not see the prices going down anytime soon. Prices are only going to go up from here in the aftermarket.  I also assume there would be some exceptionally large AI sales in 2026, and it would be a high capital-intensive exercise to build an AI portfolio now.

Michael Castello
CEO, Castello Cities Internet Network (CCIN)
Co-Founder, CastelloBrothers.com

In addition to being a pioneering and highly successful and visionary domain investor (with sales including Whisky.com at $3.1 million), Michael Castello and his brother David have developed multiple successful websites (Michael and David were profiled in our December 2006 Cover Story). As a proven industry visionary we often turn to Michael for analysis of where this business is headed because he always calls things exactly the way he sees them and has a batting average that very few have been able to match.

The most important advancement of 2025 for the domain industry was the internet community’s renewed push toward trusted sources in the data chain. Domain names—specifically legacy extensions like .com, .net, .org, .edu, .mil, and country-code TLDs—have always carried inherent trust. They are the backbone of the DNS system, enabling the propagation of every other extension and protocol that followed.

Most notably, Apple’s iPhone and Safari browser now keep the domain name visible in the URL on every page viewed. With this latest update, net travelers can clearly see they are within the brand they intended to visit, rather than being silently hijacked to a nefarious destination.

In a virtual world where netizens were slowly learning to use the web to become more independent and prosperous, the 2020 pandemic forced the broader public online almost overnight. Many defaulted to the walled gardens of social media to communicate, concentrating massive traffic flows into the hands of just a few monopolies — monopolies that increased their wealth tenfold in the process.

 

Michael Castello

Looking ahead to 2026, I see a shift as people begin to find their footing between the internet and real social life. With far more users now fluent online, I believe they will seek out specific verticals of genuine interest. The melting pot of data from the last five years has created chaos, and chaos eventually seeks harmony. I’ve always promoted domain name development, and this is the moment to build your niche. Own your platform, then promote it through the social media channels that currently control traffic.

Below is a screenshot of one of my websites as I write this. There was a time when this site received traffic from most Western countries, especially Canada. As the image shows, that traffic is now gated almost entirely within the U.S. Despite having a global brand, the monopolies we compete against expect us to pay not only for local reach, but for worldwide visibility as well. This is what unfair business practices look like, and until there is meaningful congressional push-back, this is the reality most startups face.

AI is also staring us down. We, the content creators, built Google—and AI systems are now being trained on that same content. There must be a compensation framework that requires these trillion-dollar companies to pay developers and publishers for the data and work they create. Without it, that imbalance only grows.

I believe we are approaching a positive correction toward website and domain name independence. As the internet matures, trusted domains and individually developed websites will lead the next phase of growth, reconnecting the dots and reshaping how we experience the web.

 

Mike Mann
Founder, DomainMarket.com & AccurateAppraisals.com

Mike Mann, one of the industry's true pioneers, has been a fixture in the Internet and domain space since he founded an ISP in Washington, D.C. in 1994. He went on to co- found one the industry's most powerful aftermarket platforms, BuyDomains.com, a company the he sold for approximately $80 million. In 2007, Mann, who owns around 300,000 domains, also founded aftermarket sales platform DomainMarket.com that he still operates today.

There is no doubt that the highest end .com names keep going up in value faster than other viable domains in general; and their sales prove it. It’s too expensive for me to buy more of them just for resale, but I am raising the prices of the ones I already have in my very extensive high end DomainMarket.com collection, in the normal course of business, continuously re-appraising our 200,000 super premium .com names.

I am buying a lot of incredible .com still, leveraging our extremely extensive data systems, UI and best practices (the best such system in the world by a huge margin; unlikely anyone will ever catch up); but I am not currently buying new of the very highest end ones that are now worth millions each.

Also .ai names in general have done very well, but they are still less than one percent the number of total .com registrations. I am not sure if the .ai bubble will burst this year, but new registrations and big reported sales will probably gradually go down over the next few years until .ai is no big deal again. The phenomenon has peaked. And .ai is the best of the alternative class of domains; thousands of competing gTLDs (and soon to be thousands more) have never achieved significant market share and never will.

 

Mike Mann

There are a small minority of exceptional domains within some alt gTLDs, but it is still just a blip; and will always be too confusing for consumers, therefore bad branding, and no reason to own or use one for serious companies, or any reason to “invest” in them or the companies that own them. They can all buy a great .com smartly and easily, sometimes for just a few thousand dollars each.

If people are smart the trend will be to get professional appraisals so they don’t sell their names too cheap, and don’t renew worthless ones. And so they don’t overprice names in their portfolios and therefore never sell them at all. All of these mistakes are extremely costly and as a result make the domain market space overall a backwater of investing. If nobody knows what the assets are actually worth it is impossible to create a trusted liquid market, or get any M&A accomplished. 

AI driven appraisals will never work. Nor will appraisals from people who haven’t sold tens of thousands of premium names themselves, or from people without sophisticated data systems, or from any single person in general. It takes a small team of the best people to make each valid appraisal. My site AccurateAppraisals.com is where the best companies and top domain brokers go to solve this appraisal challenge. We are the only place with the system and skills to get the job done correctly. There are a few other people in the world that could do a decent appraisal but they charge much more and don’t have the team approach that’s necessary to remove biases from the process. AI can be helpful in the data aggregation and analysis process but can’t actually create a good final appraisal number. In fact AI appraisals are harmful because they confuse people in to thinking they are valid and relying on them, which is definitely not the case. I intend for DomainMarket.com to continue to outperform our peers in the .com buying and selling processes with my awesome team.  

 

Rick Schwartz
The Domain King

Outspoken industry pioneer Rick Schwartz is never at a loss for words nor, given his vast experience, ever lacking relevant topics to authoritatively talk about.  Rick has made many millions of dollars since he started investing in domains in 1990s. He also had a 10-year run promoting the legnedary T.R.A.F.F.I.C. conferences around the world from 2004-2014 with his then partner Howard Neu - conferences that were instrumental in building the global domain community we have today.

Rick Schwartz

 The most significant development in 2025 was the widening gap between names that function as real assets and everything else. The market became louder, more crowded, and more speculative, but at the same time, the names that truly matter continued to separate themselves. Clarity, simplicity, and exact meaning became even more important as noise increased.

Another notable development was the continued performance of the .AI extension. While it will never replace .com, it has now proven itself over several years as the clear runner up. It has outperformed every new gTLD and shown real staying power, not because of marketing, but because it aligns with how businesses are actually being built. That distinction matters. Real companies. Real brands. Real uses.  

AI itself also changed how people think about brands. When anyone can launch something quickly, the value shifts to being instantly

understood and trusted. Names that require explanation lose ground. Names that stand on their own gain it.  I responded by staying disciplined. I did not chase volume, trends, or new extensions. I focused on assets with long term relevance and avoided anything dependent on hype or short term cycles. I also spent more time explaining how value actually reveals itself over time rather than trying to sell narratives.

2026 is going to be a monster of a year. A perfect storm. Lower taxes. Interest rates will come down substantially after May. And more money will be thrown at AI expansion than we’ve ever seen in our lifetimes.  

Looking ahead to 2026, the biggest change will be speed. AI driven businesses will move faster, raise money faster, and compete harder for attention. That will make the difference between owning the right name and working around the wrong one more obvious than ever.  

The opportunity lies in working with people who understand that names are not marketing accessories. They are infrastructure. The challenge will be cutting through confusion created by years of overpromising and underdelivering across the broader domain space.  

My strategy does not change. Fewer assets, better assets, and patience. I am focused on long term positioning, flexible deal structures where it makes sense, and partnering only when there is a clear path and real upside. I am not trying to predict the next cycle. I am positioning for the ones that follow.

That approach has held up for three decades. It continues to do so as the industry evolves.

A photo we snapped in Rick's home office 15 years ago.

Shane Cultra (Domain Shane)
DSAD.com

Shane Cultra is a domain name investor and owner of the popular domain name blog, DSAD.com - but that's just the start. Shane is a master of many trades, both online and off, and is a fifth generation owner of Country Arbors Nursery based in Urbana, Illinois. He has been a member of the PBS television show Mid American Gardener for more than 10 years and has been featured in a variety of gardening segments on CBS and ABC. Shane also recently launched two new businesses, BeeHouse.com and Wormcastings.com, leveraging his online expertise with his love of nature.

2025 proved once again that there is always an emerging, surging, industry ready to replace the categories that slow down. The rapid, daily emergence of new AI and DeFi companies provided opportunity across every major TLD, from .com to .ai to .xyz. It also reinforced something that has always been true: the keyword remains the most important part of the domain, regardless of what’s on right side of the dot. The TLD provides the multiple of that value, with .com continuing to be the highest value. That said, the gap was meaningfully narrowed this year by .ai, making the valuation difference between the two far smaller than in years past.

As expected, the hunt for great domain names became increasingly crowded. Investors have now added mis-priced Buy It Now domains into their core sourcing process, alongside traditional auctions. Auctions, which have always been the lifeblood of portfolio building, remain just that, but they too have become even more competitive. Successful domain investors are now using financial wins from prior years to push auction prices into high wholesale and, at times, retail territory. The result is a market that inevitably will lead to either lower margins or higher retail prices.

Shane Cultra

One of the most notable shifts in 2025 was the sharp increase in Lease to Own sales for myself, including several six-figure transactions completed through this structure. While cash in hand is always the best, there is something positive to a business having solid cash flow the entire year. Gives a feeling of sustainability and feels more like a traditional business. Startups are clearly willing to spend more on a domain when given a payment runway that allows them to grow without deploying all their capital upfront. This spreads part of the risk to the domain owner in exchange for a higher overall price.

We also saw crypto projects using this model for short-term needs and later returning names, a trend that will likely push higher down payments to offset that risk. Most retail platforms do not yet support this, but it is hard to imagine that they will not by year’s end.

2025 will also be remembered as the year of the stablecoin. For years, the crypto industry said digital payments were the future. That appears correct, but not in the form many expected. The future is not BTC or ETH for payments, but stablecoins. Registrars like Dynadot now actively prefer them due to low fees and zero chargebacks. Stablecoins are becoming the new debit card and are positioned to become the backbone of digital payments over time.

Not all blockchain innovation was welcomed so easily. Several companies attempted to introduce domain tokenization with little adoption among major domain investors so far. It may simply be too early, but outside of stablecoins, crypto and blockchain had a difficult year within the domain industry.  

Looking ahead, 2026 has all the makings of a great year. We are seeing multiple industries in high-velocity growth. AI is the most visible, but the infrastructure behind it and the platforms built on top of it will generate tens of thousands of new brands in the coming year. Add to that the health and medical sector, where emerging technology and lighter regulation are enabling a new generation of personalized care brands.

As always, the biggest opportunities are often the ones we do not expect. Every year brings a “next big thing” that was barely mentioned when the year began. The hottest trend or business model is often something we could not have reasonably predicted just twelve months earlier. For domain investors, that is what makes 2026 and every year before opportunity.

 

You've heard from Domain Investors. See what Domain Brokers and Corporate Executives have to say on these pages:

Domain Brokers  ~   Corporate Executives 

 

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