DomainSherpa Review with Scott Pruitt and Monte Cahn from ROTD.com discussing the NamesCon 2024 Auction, premium .com domains like DMV.com, recent upgrades to the online auction platform, .hiphop TLD status, and integration with Muse.ai for episode transcripts and AI-driven video player.
Successful domain investing involves valuing domain names strategically, focusing on assets like .com, .ai, .org, etc.
Domain auction enables active price discovery with undisclosed reserve prices to maintain market dynamics.
Auction offers in-person and online bidding options, catering to diverse participants for domain asset acquisition.
Podcast emphasizes the profitability of premium domain names like dmb.com and the introduction of dot hip hop extension.
Deep dives
Pre-Auction Preparation and Participation
Participants are encouraged to register for the auction, engage in pre-bidding activities, and familiarize themselves with the bidding platform before the event. The auction will involve online bidding, calls for reserves, and issuing paddles for in-person bidding at the venue.
Market Dynamics and Reserve Considerations
The auction facilitates price discovery in a vibrant market setting, allowing bidders to actively determine the value of domain assets. Reserve prices are intentionally undisclosed to maintain market dynamics and prevent overinfluence on perceived asset values.
In-Person and Online Bidding Dynamics
In-person attendees can participate in bidding with the excitement of lively interactions and competitive dynamics. Online bidding options, including proxy bids, cater to remote bidders and ensure diverse participation across different auction segments.
Domain Selection and Exciting Opportunities
The auction features a varied range of domain names, including dot org extensions and high-value opportunities like reverse.com and DMV.com. While strategic selections are recommended, the auction presents thrilling opportunities for both new and seasoned domain investors.
Venue Experience and Auction Environment
The event hosted at the Omni Hotel provides a convenient and engaging atmosphere for participants. With multiple auction segments and interactions, including the potential for web three asset acquisition, the auction promises a diverse and engaging domain investment experience.
Opportunities in Domain Investing
The podcast delves into the lucrative opportunities present in domain investing, highlighting the potential for substantial passive income. A notable example discussed is the acquisition of premium domain names such as dmb.com, emphasizing the value and profitability associated with owning such high-quality online assets. The speaker reflects on the significant financial implications and business potential of securing sought-after domain names, envisioning them as turnkey enterprises that can generate substantial revenue.
Introduction of dot Hip Hop Domain Extension
Towards the end of the podcast episode, there is a focus on the introduction of the dot hip hop domain extension, highlighting its significance within the hip hop culture and community. The speakers discuss the unique initiative of allowing partial ownership of the domain extension through a crowdfunding approach, aiming to involve and empower the hip hop community by providing them with a stake in this cultural platform. The dot hip hop extension is positioned as a bridge that can potentially unite various factions within the hip hop industry, offering a common ground for collaboration and expression.
What do successful domain name investors think when they value domain names?
In this show:
- Scott Pruitt and Monte Cahn from ROTD.com join to give a preview of the NamesCon 2024 Auction;
- The Sherpas go over some of the premium .com domains available as well as other extensions like .ai, .org, etc, including DMV.com, Cali.com, Doe.com, OI.com, and Saints.com;
- They discuss some recent upgrades to the online auction platform;
- Monte gives an update on his Las Vegas restaurant CrashNBurn.com;
- Scott and Monte provide a status report on the .hiphop tld;
- DomainSherpa is now integrating with Muse.ai for episode transcripts and an AI-driven video player to easily look for topics, words, phrases, etc., and jump to the points in the video where they occur. Let us know your feedback!
- Plus, all DomainSherpa podcasts are now up on our YouTube channel at DS.tv and much more!
JT is joined by Drew, Scott Pruitt, and Monte Cahn - so be sure to tune in!!
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