|Digital Financial Information Network|
Domains and Non-Fungible Asset Reference Center
Non-Fungible Domain Assets, NFTs, Blockchain
and Crypto Currency
DFIN Prefers Domain Names as Our Favorite Non Fungible Asset
Like Famous Works of Art, Great Domain Names are Rare
Our Domains include many unique Domain names
See Links Below
First Time Sold In 25 Years DFIN.com
FinTech & Miscellaneous
The Pet Marketplace
The Digital Car Lot
|Non-Fungible Digital Assets For Sale|
Premium Domains and Two Pre-packaged|
Marketplaces For Sale
|As an early technology adopter, I have been active participant in Web 1.0, Web 2.0 and Now Web 3.0. I pioneered Internet banking in 1994 and was an early developer of Internet commerce in 1997. This gives me a unique perspective on the new technology like Blockchain and products like Crypto Currency and NFTs. |
My analysis to date is clear. I like the new technology and I like
the potential but I am disappointed in most of products offered. Their is some very creative design and technology that needs a better focus. The products will get better
and the Metaverse will change the world.
The one non-fungible asset that I believe has been a missed opportunity for many is domain names. Everyone in business knows the value of a brand, the importance of a store location, and the need for an online presence.
Businesses will learn to take advantage of and use many domain names
to find and enter a web site.
In the 1970s no one would have imagined owning the global rights to an exact match name or phrase that provides direct access to their products and defines their business.
This is a close reletive to a Monopoly. An example is PetSales.com or UsedCarSales.com.
The most over hyped new investment or speculation, depending on your
view are Bitcoin, followed by crypto currency in general and now the
speculative componants of NFTs for art. Bitcoin is a good speculation that has great value for people in other countries looking to move money out and is a great ransom tool for hackers. NFTs have a great future but are experiencing speculation and the pain of a new product.
I like digital currency but stable value currency is a requirement
of mine to replace existing currency.
In 2021, strategists began to understand the benefit of many focused domain access points for online sales. This exact match domain strategy works particularly well for a start-up, or existing business
in support of the brand. In some cases the names might be
purchased to defend against competitors buying the names.
As an Internet Banking Pioneer in 1994, I have focused on the global digital economy
since the early 90s. In addition to banking and Fintech, I have focused on online Pet and Car sales. The auto industry is ranked in the top 5 at more than $2 Trillion and pet sales are expected to be $110 billion in 2021. Online sales are exploding and auto manufacturers are moving to an agency business model and online sales.
I have focused on the acquisition of generic domain names since the mid 90s. People will eventually join me in seeing
the exceptional value of generic and exact match domain names as non-fungible digital real estate and a powerful digital additional location for their business.
Domain names are the new digital real estate.
In the digital economy, real estate is not just physical and
geographic. real estate has evolved into three classes so far.
Traditional physical real estate – Long history and mechanics are
known and in place
Digital real estate in the form of domain names, especially .com for
now. Domain names create the path to the real and Metaverse. – At
least 25 years of history. Mechanics are sound. Now maximizing use
Virtual real estate powers the Metaverse. – This is the wild west
and ground floor opportunity with many open issues. As Facebook Meta
builds out, adoption and participation will expand. Real estate
professionals would add value to Metaverse communities.
I have accumulated many premium exact match domain names for pets and autos. Many of the names are commonly used, easy to remember and hard to forget. Many people sell domain names, I may be the only seller of a generic multi domain marketplace.
I have defined this as a "Domain Farm". A digital marketplace like I have built can't be done from scratch
or at a low price any longer. The prime .com domains that a marketplace must be built around are gone. IE: NewCarSales.com
Location, Location, Location is a long held belief for real estate investing.
Store locations have proved to be valuable. The same applies to domain names. We have bundled domain names for cars and pets and have additional
but less complete targeted domains, for banks and FinTech.
Please email The Digital Financier GLE@DFIN.COM with questions
Non-Fungible Domains and NFTs Overview
Following is a status report on crypto, non-fungible assets, (domains and NFTs) with
comments on the need, plus a few documented transactions.
Now that Blockchain scalability has been achieved, everything needed is in place to to take banking and digital finance to the future. Blockchain and cryptography will be combined to create the foundation technology that is needed.
I believe that this technology will lead to a US Treasury sponsored stable value digital currency sooner than most people expect.
Blockchain as used to date has not impressed me with the business models.
Bitcoin may be the oldest modern example of Blockchain.This great technology has been used to create a speculative bubble. I call Bitcoin "unstable value currency," Bitcoin and similar experimental activity is to be expected when a life changing new direction in business is being launched and tested. Similar excesses, misdirection and eventual failures happened with other revolutionary innovations like trains, autos and the Internet before they stabilized.
The digital economy is dependent on Internet technology and modern delivery services. For the first time in history, individuals can buy and sell globally and directly with manufacturers and individuals. Low cost digital payments will be developed to facilitate the sales. Only government regulation will stop this global commerce momentum. The global market gives companies a comparative advantage to sell goods and services at a lower price than local competitors.
The global reach requires a stable value currency, trust and convertibility. Trust is built on security and security will
sometimes include communications useing non-fungible domain names.
FinTech and Digital Experience
As an Internet Banking Pioneer ( Gary Lewis Evans ), I formed the original Bank of Internet in 1994 when I was President of La Jolla Bank
. I own DFIN.com and my focus since the 90s has been digital, global, and non-fungible. I started acquiring non-fungible assets in the form of domains in the mid 90s. DFIN.com was purchased and operating since 1996.
Why Do I Prefer Non-Fungible Domain Names Over NFTs and Un-Stable Crypto Currency Like Bitcoin
at This Time?
After holding my domains for as long as a quarter of a century, the boost from the COVID pandemic brought my domains to the forefront of the digital economy. Even Microsoft purchased Teams.com in early 2021.
Premium domain names bring authority, credibility, legitimacy, and in many cases are easy to remember and hard to forget. They will generate leads, enhance the brand and like real estate and classic art, appreciate in value as they protect against inflation.
The name Titan .com sold in Mid 2021 as an upgrade from Titanvest .com. It was purchased from an insurance company so they probably got a very good price.
As described "As a consumer-facing company in the financial industry, switching from Titan vest. com to Titan. com makes a lot of sense for Titan. Trust is a crucial part of finance, and as a service that is only accessible online, Titan’s domain name represents the first interaction that many customers have with the company. Owning Titan.com allows Titan to immediately present a sense of trust and longevity to its potential clients."
The right domain (s) will lead to increased sales, reduce the cost of customer acquisition and increase profitability. Domain names are digital real estate that have a global footprint. Generic domain names are the greatest way to accelerate traffic and sales for a web site.
Notice that the graphic below doesn't
include domains. Why? Domains are the most significant non-fungible digital asset because they can generate income. The market will recognize the value soon.
Domain names are the first step needed when establishing an online business or for targeting online sales. Owning the global generic name for a product or service is a rare benefit. The non-fungibility of a domain name is a great starting point for meeting trust and security needs. Many generic names are common names that are used routinely in daily language.
I do not own crypto currency but if I lived in a country other than the USA I would. As a long-time collector that still owns my 1950s baseball cards, a collection of toy cars, a 57 Chevy and five John Lennon serigraphs, I have not seen an NFT that piqued my interest. I am not a good speculator or trader and that kept me out of Bitcoin.
Once the federal reserve issues digital currency and regulations are put in place, the market will correct.
Having held some domain names for over 25 years the time is right for me to sell a few. I will sell or lease the domain or just the email rights.
Any domain name can be branded but a unique generic domain name, or marketplace platform like we are selling is very powerful.
What auto dealer wouldn't want to own the global brand UsedCarSales.com.
The final and very significant benefit for domain name investing before use is the extremely low carry cost. Unlike raw land that has insurance, security costs and taxes, the only required annual cost for a domain is the registration fee of less than $25 for a .com at this time. A person can hold millions in domains and their is no personal or real estate Taxes.
The Need For Blockchain Fungibility, Non-Fungibility Plus DeFi
We agree with PA consulting and their assessment of non-fungibility and Blockchain.
“ the characteristic of non-fungibility that’s key to enabling some of the most revolutionary and disruptive applications of Blockchain. Non-fungible tokens could be used in voting and elections to eliminate fraud and transform democracy. They can help organizations better know their customers through improved loyalty programs.” “For many businesses, it will be blockchain’s ability to process non-fungible tokens that will spur innovation rather than its use as a cryptocurrency.”
From the perspective of merchant payments and consumer banking, banks have not kept up with market needs. In 1994 when I pioneered Internet banking as President of La Jolla Bank, Amazon launched as an online bookstore. At that time no one would have predicted that retail would outperform banking in the digital economy. Everyone was wrong.
Bankers are smart enough to have advanced aggressively into the digital economy, but they have not. The only logical reason for banking’s failure is regulation. Protecting high fees and using regulators to block competition is a close second.
Are banks ready to compete and move out of regulatory protection?
“Steve Cocheo, Executive Editor at The Financial Brand states that
in the words of JPMorgan Chase Chairman and CEO Jamie Dimon the traditional banking industry faces a continuing significant challenge as a combination of fintech, big tech and shadow banking players continue to build market share under favorable regulatory conditions
Dimon says FinTechs, big techs and shadow banks aren't just nibbling at the fringes of the financial industry. The head of the largest U.S. bank says some are now gobbling up significant chunks of market share, threatening to render traditional institutions irrelevant.”
The FinTech and banking opportunity could not be greater, and banks will benefit by working with FinTechs because they think outside of the regulatory constraints. Technology and cryptography are easy, the hard part is designing how to use the technology for business (The Model). The FinTech risk is that the new FinTech competitors get sloppy or embarrass the bank regulators, politicians or the CFPB. Banks can help reduce partner FinTechs risk.
Distributed finance (DeFi) is current state of art in banking and finance. Crypto currency and in particular Ethereum is generally the focus for DeFi. Developers are true believers, focused on crypto currency and are experiencing the typical theft and losses of a new industry. I see the opportunity in stable value currency, Blockchain and centralized finance (CeFi).
The newest digital focus in digital assets is Non-Fungible Tokens (NFT). NFTs are built on Blockchain and includes cryptography features as well. The excitement in NFTs will lead to a greater appreciation for all non-fungible digital assets.
Non-Fungible assets are not new, there is only one Mona Lisa and one North East corner of 57th and 5th avenue in NY. The value of the Mona Lisa is collector based; the value of commercial real estate is a function of the earning that can be generated from the location. There are fungible assets that have value as well. Gold in the physical world and Bitcoin in the digital world are two examples. Both Gold and Bitcoins have limited supply and are priced based upon supply and demand plus speculation.
The speculation can become dramatic.
Non-Art Assets with limited or no income generation potential often relies on a “Bigger Fool” that will pay more to purchase the asset in the future. A unique non-fungible income producing asset will in most cases have the greatest value. What would the domain Amazon.com be worth? Tesla.com sold for $11,000,000, Voice.com sold for $30,000,000 and in March 2021, Angel.com sold for $2,000,000.
What if you were given the choice to magically own the Mona Lisa or the Domain name Amazon.com (Not the business)? You would magically own one or the other effective tomorrow. You could hang the Mona Lisa on the wall or sell it. The Amazon domain could be sold or you could create a lease (Digitlord) with Amazon. I would take Amazon.com over the Mona Lisa because it is a Non-Fungible branded domain that is income producing.
Crypto currency and NFTs are real. Current speculation will impact credibility and adoption but in the long run the value will be assured. Historically we have had fungible assets that were thought to be unique or assets that had easy access to a greater supply that were mis-priced. One example would be the Dutch Tulipmania.
“In 1636, according to an 1841 account by Scottish author Charles MacKay, the entirety of Dutch society went crazy over exotic tulips. As Mackay wrote in his wildly popular, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, as prices rose, people got swept up in a
speculative fever, spending a year’s salary on rare bulbs in hopes of reselling them for a profit.”
The following graph illustrates a rapid rise in the value of tulips of nearly 200x in 3 months and then the collapse over the following 3 months.
Two Examples of Non-fungible Digital Assets
The Beeple $69,000,000 Sale of an NFT
Non Fungible Token ( Digital Art )
I admit that I do not understand the economics of this transaction.
"Until October 2020, the most Mike Winkelmann — the digital
artist known as Beeple — had ever sold a print for $100.
""The record-smashing NFT sale comes after months of increasingly valuable auctions. In October, Winkelmann sold his first series of NFTs, with a pair going for $66,666.66 each. In December, he sold a series of works for $3.5 million total. And last month, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million.
"A Beeple NFT of his work sold for $69 million at Christie’s. The sale positions him “among the top three most valuable living artists,” according to the auction house.
Voice.com Start-Up Domain Purchase For
Will be Used to Support NFTs
As a start-up that paid $30,000,000 for the domain name (Voice.com) I expect the company to be the leader in NFTs and social networking by focusing on voice.
Unlike my valuation concern with the NFT above, I understand the Voice.com purchase and valuation. Voice wants to be the go to social network app by focusing on Voice. Voice.com is a one of a kind generic domain name, Easy to remember and hard to forget. I read that the seller didn't want to sell and bidding started at $150,000.As reported by Voice "One year ago, Voice embarked on an ambitious mission: to build social as it should be.""This summer, Voice will upgrade, becoming a social platform where users can create digital arts across all formats — visual, written, audio and video — enabling them to be easily bought and sold as unique digital artifacts (NFTs).
""At the heart of this move is our core strength: tokenization. Instead of putting tokens next to creative content, the content itself will be the token. We are working hard to enable everyone who engages (likes, comments, etc.) to receive a royalty from its sale, as well. This is social as it should be, where the value of creative content is shared with those who support it.
""Starting in the summer 2021, Voice will deliver this social network NFT vision and combine it with the unique qualities of the EOSIO Blockchain.""Voice NFTs will be:Free to mint (no gas fees)Clean (low emissions)Authentic (identity verified)
How Non-Fungibility Impact the NFT Digital
As an example Let us assume that the Pieta by Michelangelo is valued at $500,000,000. If I took a selfie with the Pieta and it was turned into an NFT, it may sell for $5 if it is a real nice photo. It is non-fungible, but it is not unique or of value to a collector. However, if the Pope had a photo taken by a famous photographer who then turned the photo into an NFT, the uniqueness might result in a sale for $1,000,000+. Then in another 10 years after many sales it may re-sell for $750,000,000. The documented, one of a kind NFT photo is a unique collector item.
11-23-2021 NFTs, Explained:
What are these hot digital collectibles bringing in millions? An NFT is
a kind of digital asset that is unique – that is, non-fungible. An NFT
can represent a number of digital properties, including artwork,
collectibles, video snippets, an item from a video game or even a music
album, among others. Music group Kings of Leon issued its recent album
via an NFT that entitles users to download the album and related
05-26-2021 Domain Broker Saw.com
is reselling Diamond.com that last sold in 2006 for $7,500,000
DFIN Sponsored: Domain Sales, NFT
A Digitlord is like a landlord:
but for Digital Assets not Real Estate, see sample 2007 agreement :
SEE SEC Recording