Matt Blaze has just sold Crypto.com domain name for an undisclosed amount to MCO Technology GmbH who operates Monaco, a crypto project engaged in developing a crypto debit card.
One of the most sought after domain names lately, Crypto.com was hand registered in 1993 by Matt Blaze, a professor of computer and information science at the University of Pennsylvania. Matt is also a board director of the Tor Project.
He had turned down all the offers and made a public announcement in January 2018 via Twitter that domain name was not available for sale.
Within 6 months of making that public announcement on Twitter, Matt has probably accepted too-good-to-be-refused-offer from a Hong Kong-based company developing crypto project.
Everyone is speculating the price of Crypto.com be north of $10 million, however the new buyer and CEO of Monaco, Kris Marszalek politely declined to comment on the details. Kris was reported as saying, “If it was only about money Matt (would) have sold it a long time ago”.
Monaco raised crypto worth $25 million during their ICO, at that time, which wrapped up in June 2017. CEO Marszalek mentioned that the premium domain name has found right home with their firm holding almost $200 million on its balance sheet, huge thanks to a surge in the valuation of cryptocurrencies.
In a statement to Techncrunch, CEO of Monaco, Kris Marszalek stated, “This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose”.
“Fundamentally, blockchain and crypto will enable [the next generation] to control their money, to control their data and to control their identity, these are the three fundamental things that weave the fabric of society. For us this is the purpose, we want to acceleration the world’s adoption of cryptocurrency,” he added.
Note: Sale price of Crypto.com was never revealed.