Crypto.com Is Sold To Cryptocurrency Firm For Unknown Sum

A well-known cryptographer Matt Blaze has sold the extremely high prized domain name Crypto.com to Monaco, a “cryptocurrency and financial services firm,” for an unknown sum.

Due to the occurrence of cryptocurrencies, Blaze has been flooded with requests as to the accessibility of the strongly brandable domain name. In a tweet issued on 5th January 2018, he mentioned, “For anyone else trying to contact me for this reason [crypto.com], don’t bother. Not for sale”.

Nevertheless, in a post issued on mattblaze.org on 7th July, the cryptographer has showed he’s since that time inverted his stance and sold the domain name. In the post he indicated:

“Last month, I reached an agreement to sell the domain. I have no idea what the new owner plans to use it for beyond what I read in the trade press, and I have no financial stake in their business.”

In a notification issued on Medium.com, Kris Marszalek, co-founder and CEO of Monaco, mentioned:

“As the name we’re taking on is also representative of the entire space, it comes with a huge responsibility to carry the torch. We will strive to deliver impact worthy of the name and build infrastructure that enables growth of the ecosystem, delivering on the promise of a decentralized future”.

In the report, Monaco also declared the rebranding of its social media profiles via a number of social networks such as Twitter, Facebook, Reddit and Instagram.

Through the sale price is unknown, The Verge informed earlier this year that some businessmen hope the domain could cost as much as $10 million.

The domain business has as well lately observed other cryptocurrency domains fetch millions of dollars. For instance, earlier this year Cryptoworld.com sold for $195,000 while Eth.com got $2 million.