TRANSCRIPT: Monday Domains- EP06
All right. Welcome everybody. Sorry to start a little late. I had the wrong phone with me this morning and, uh, thought I would be able to do the show from the road today, but I had to get back to home base. So let’s see, I’m going to invite a few people in and we’ll see if we can’t get started here in about five minutes.
Welcome to Monday domains. Talk about what’s going on in the domain space. And yes, I will be talking in FTS today. What I learned about domains from starting an NFT.
And that’ll be fun. Hopefully let’s see you guys have any quick questions or appraisals or anything you want to do, or while we’re gathering here in the room, but I’m going to keep inviting some folks.
Always appreciate you guys coming into these rooms and contributing. Thank you so much. It’s mundanes it’s Monday, November 22nd, 2021. Do you know where your domains are? But that sounded pretty good.
Maybe I could rhyme it with, instead of, do you know where your domains are? Do you know what your domains are?
All right. I’m going to invite in about 10 more people. Let them know that we started.
Thank you so much for coming in,
man. There’s so many good people in the domain namespace. So I go down my list of contacts here.
It’s like a hundred percent good people. Good contributors, good shares, smart people,
considerate people, good luck and people, which I do not count myself.
All right, we are going to record today. And, uh, the way clubhouse does recordings now is, um, the room records automatically, uh, you’ll be able to share recording of the room yourself on social media and you can still do clips and things like that. And then we’ll put it up on domain club and start up club.
I’ve got an exciting announcement from startup club today that I’ll share with you at half past. And let me just finish inviting in a couple more people. We are the largest club now on clubhouse. Uh, we should be over 3000 members by the end of this week. So if you have a joint domain firstname.lastname@example.org, you can get kind of the members only email lists that we email@example.com.
And that way, when we do some things off clubhouse, um, or we have different bonuses or club benefits or things like that, you’ll know about them by the newsletter. And you sign up for firstname.lastname@example.org. And that’s the domain club newsletter. But thank you everybody for following us and coming in. Um, my name’s Paige, how I’ve been in the domain name business.
Now, I think I’m going to officially be able to say 25 years in March. So I’m going to say 24 years and I bought and sold over 50,000 domain names. During that time, uh, sold a couple of domain names for over a million dollars. And I’ve sold hundreds, if not thousands of names to, well, I’ll maybe hundreds of names to end-user customers and thousands of names.
To, um, other domain investors. That’s probably been as much as half of my business over the years on a site. Like I have a domain outlet.com where I sell at wholesale prices, being that we’re looking for domains 24, 7, 365. And a lot of times we buy them and you’re all going to have to pay more than reds fee.
If we bought it at Red’s fee, we might put it up at $49. If we bought it in an auction price of 25 or 35, we may put it up at $99 or $199. And, um, and then we’ve done. We sold a lot of names over newsletters over the years in the same way. So I do both wholesale and at retail sales and, um, see somebody has done real quick.
Let’s see, that was me asking myself the question, but anyway, so I do want to talk about domain names today and what’s going on right now in the domain name space. And I think so much of the energy is being taken up with this thing called NFT where I’m sure at the, the, not only NFT, but, but also we’ve had a rise in the altcoins.
So alt coins are back. And NFTs are still taking up a lot of the conversation. And what I want to talk about here at the beginning is that I believe everything I’ve learned from launching in NFT and the process of exploring just what an NST is, why you’d want to own an Ft. Why do you want to be identified with an NFT community can be applied even more to domain names.
And I want to talk about the differences between some of the things that have made NFTs a thousand times more successful than domain names, if not a million times more successful than domain names. And what I mean by that is. If you look at each NFT project and consider that that’s a domain name, and then you look at each NFT inside each NFT project.
And if you assume that’s very similar to having an email address on a domain name, or it’s very similar to having a link or what I call a double slash for a domain name, um, that each domain name, each project is a domain name. And each individual NFT is simply a part of a domain name. Now they’re going to say, but no, these are on the blockchain and they’re written with an ERC 21 token.
That’s great. You know what I mean? Um, but I don’t think anyone knows what the future holds for contracts. I don’t think anyone knows what the future holds for blockchain and to give up some of the benefits. Have a centralized system because of some of the scariest portrayals of what can happen in a centralized system, that it makes you leap toward a de-centralized system with its lack of accountability, high transaction costs, high understanding hurdles of understanding for the general public and other barriers to doing real business, you know, in the real verse and the real world.
Most of us, I believe make our real. From doing things in the real world and we get to go play with that money. And the metaverse. So the metaverse right now, I believe is entertainment. Even if you’re speculating and you say you’re investing, you’re really engaging in entertaining, speculative investing in my opinion.
But if you are a business or a company that sells widgets or services or contracts with people, or you are in a salary, or you provide a service to others, you’re probably doing it in the real world. And I think the domain name is more important than an NFT in that case. And the other thing that I’m going to start talking about more and more in my talks, When everyone talks about the metaverse.
I think they’re talking about everyone wants to invent their own meta-verse. Facebook wants to invent their own. Metaverse called Metta. They want to name their company Metta. And I believe they want to distract from the fact that they entered into a consent decree with the us government that said that they were not going to get punished for the things that they did with personal information, as long as they kept their nose clean in the future.
But just like someone who gets probation when they commit a crime, when you actually don’t follow through on that promise and you commit a crime later, or in this case, when you don’t follow through on the agreement and you start using people’s personal information in ways you shouldn’t, you, in essence, if we have a courageous government that’s willing to prosecute it, or at least state attorney generals, then I believe all this is a distraction.
From the fact that they had amplified in the public discourse. The fact that Facebook was hurting people, Facebook was bad for kids. Facebook was bad for teens. So when presented with that, which isn’t sexy, you can just leap to Metta. I think that’s what they did with about the same forethought that they put into their coin, that they were going to launch three or four years ago, their own cryptocurrency.
And that it seemed like it was going to be the next great cryptocurrency was going to be better than Bitcoin. You were going to use it to pay for all your goods and services on the Facebook family of companies. Um, it would eclipse Bitcoin because it had real use. And I forget what they even called it Ultima.
If you can back channel me what they called it, was it Ultima or anyway, people registered thousands of domain names with the name of that coin is if it was going to be the next great thing. But I think when people are inventing metaverse things right now, they’re all trying to say, imagine how awesome the metaverse could be.
And then come look at my metaverse. And I think that that’s counter to the actual meaning of the word metaverse, which means beyond or above. So how can somebody own anything that’s beyond or above? So I would say that every time someone makes the product or service for the real de-centralized, metaverse what I call the Deavers.
Um, But they should be in your product or for the de-centralized metaverse and that therefore they can be successful. And some of the biggest successful companies right now, uh, AMD, uh, the, the publicly traded companies that are making chips, roadblocks, all these companies are making things that are going to work in a generic decentralized metaverse.
And I think everyone else is trying to create things that exist even in their own metaphors. So even buying sandbox plots. Is going to be great for the sandbox metaverse but if metaverse means above and beyond, then, then it doesn’t make sense to me. So what I like about domain names, I know that was a lot of talking about the metaphors to get back to domain names.
And for those of you that are listening that are working or doing your regular work or driving or working out, I am going to bring this back to domain names because I believe the domain name system was started without some of the barriers that the metaphor. What I mean by that is in the domain name system, which I believe was the original metaverse.
Because if you had things that existed in real life, you had things that existed in analog form, a house music, digital assets, even software and programming was on a tape. You ran a tape or, or I had a, uh, an internship literally when I was in junior high punching punch cards that I would punch out the holes on to in an analog way, input a command to a computer.
And each punch card was a different command and like a deck of cards, you would have to run through these punch cards and make sure that none of them had any hanging CHADS when we didn’t even know what that word meant at the time to input, um, things in the computer. So I had a great foresightful teacher in ninth grade who had a class on computers in ninth grade.
So this would be 1970. And we were just then going from analog to digital, meaning things can be communicated in digital form. But I think with the domain name system became was truly a metaverse because it was above and beyond all the existing. Um, systems like the post office or the baking system or people centralized systems.
And there was this idea of this open decentralized web or internet where anyone could buy a node on that web or internet by having an IP address. And the easiest way to navigate these numbered IP addresses was to have a natural language domain name and that there was one and only one list of all the places that you would go to see who owned a certain domain.
Yeah. And then each domain name registry would have one and only one company in charge of keeping track of who owned the individual assets in that domain name registry. So if I owned page, how.com then anyone in the world connected to the internet could type in or send a resource or look up a resource from page house.com and their computer would go to the master file that that was centralized.
And I’m glad it was. And they would say to get any information about.com, you go to Verisign registry services, and then they go to a Verisign registry services. A Verisign says to get any information about page, how.com you go to his sub-account at GoDaddy, and it tells you what the name servers are. So I feel like we had a de-centralized metaverse with a low fixed cost, and you did not have to pay gas.
Which is what you pay now to edit the blockchain of where you went to manage or navigate to my website. If I change my hosting records, or if I change my a record or C name, record, or email forwarding, I do not have to pay gas like you do on a Sirium or different other cryptocurrencies to write that record to the immutable permanent block.
And I do not to have, I don’t have to have the tax on the environment to constantly update that blockchain and, and continually update every record chains on that blockchain. So I think in my opinion, the, the domain name system was truly a metaverse and that you were able to create websites or content, whether it be audio or digital or resources or databases or references that everyone uses today and their websites and their NFTs and the storage of the components and traits of your profile picture is all on the internet.
And the whole internet is able to communicate with each other through the domain name system. So I will now say that I believe the domain name system is the original metaverse, it’s cheaper and more and less expensive to own content on the domain name system. And it’s the incredible, and it’s marketed worse if that’s the word or it is the worst marketed digital system ever because the company that makes the most money off the domain name system, I can is a nonprofit that hoards the money and the company that makes the next biggest amount is Verisign.
the.com registry, which has spent in my opinion, literally $0 on any marketing or visibility for the.com domain namespace. And in the NFT world, you have an incredibly successful series of marketplaces, like open sea and referable and new ones being created every day that do a great job of mark. Much better than our legacy systems, like after Nick and Sado and the domain name says.
So right now, NFTs are winning. They’re trading more money each day, then maybe the domain name system trades each month or quarter. So that’s why I keep calling out to everybody, bring the innovation that’s happening in the NFT world to domain names. And I think will increase the value of prime assets and every asset in the domain name world.
If we simply bring some innovation and visibility to the way we market and sell resale domain names, most of us who hand registered a domain name in essence, minted that. We created that domain name. We in essence spoke it into existence when we registered it for the first time we created a record that could be resold over and over and over again.
And if there renewal on it wasn’t paid, it would cease to exist. It would still have its history of when it did exist, but a new originator, what an essence reorg rejuvenate that domain name become its mentor and mint it, and be able to trade it in an amazingly uncoordinated group of websites that in my opinion, reach a small, small fraction of the public.
And here we are 20 years later saying the same thing. So. I do like comparing domain names to NFTs cause NFTs have captured the imagination of the public to the tune, a billion dollars a day in a way that domain names never have. And even domain investors are jumping ship as they should be, because you can make more money in D and NFTs than you can.
In domain names, you can get more excitement in NFTs than domain names. People are more excited to talk to you about NFTs than domain names. And I think hopefully we’ll turn, we’ll make the marketing of domain names, not domain names themselves, but the marketing of domain names, more like what’s being done in FTS.
If we want to increase the value of all of our assets. So that kinda ends what I, my main point that I wanted to share today, for those of you in the clubhouse room, and those of you that are listening to this podcast is that I believe that if you’ve come to the digital investing world through it, FTS, there’s some attributes of a domain name that if you investigate further, you might want to diversify and own some domain names and that you may bring creative ideas to your domain names, that if you exploit them, you can make more money.
Then you might be able to do with your NFT. If it’s up to you to build value for your own NFT. Now, if you’re just buying one, because a lot of other people are buying them and they’re going up in value, more power to you, that’s the best reason to buy in enough Ft. The best reason to buy an NFT is it’s going to increase in value in the future.
Now, if you’re part of a community that you can go to a party with, if you get social respect from owning one, those are great things. But you know, we’d like to say that about domain names, that they’re going to go up in value in the future, but we’ve kind of lost a lot of, a lot of prestige because every domain name doesn’t go up in value in the future.
Over half the domain names that are registered each day will be dropped within one year. That means they had a shelf life of one year, and they weren’t even worse for the original owner to pay $8, $9 now to carry forward. So it’s not even worth $9 for someone who’s owned it for a whole year. To own it again, the why didn’t new people want to buy it, but they do because of the speculative value of what it could be worth.
So in the same way that almost half of all domain names that are registered each day were registered a year ago. People think of a completely different set of domain names every day to register that they may drop in a year, but that’s so much new interests. There isn’t domain names. So I’m not as clear on what I said there at the end is at the beginning, but welcome digital investors, a welcome domain name investors, and that is my monologue for today.
And let’s see if we have anybody that wants to comment or speak or whether I just left you all speechless. All right. It’s uh, it’s almost 10 30. And I think, I want to say, let people share their journey in the domain space, uh, what they’re experiencing now, what they’re doing for years. Um, whether they’ve they think that, you know, domain names have this metaverse aspect of them where you can create an own.
You know, digital assets that you, you do own them in a centralized system, but you control them 100%. You don’t have to constantly update a non fungible token contract to say what that NFT represents, but you just use an incredible amount of technology to create content on your website. And that you can share that website as a link with millions of other websites.
And I think that that’s more utility than most NFTs offer, and that’s why I still own 12,000 domain names. Um, but what I am trying to do is make my domain names. Have some of the aspects that people like and NFTs, which means they want liquidity, which is the biggest one we can’t provide. If I sell a domain name to a retail person who wants to use it for their website and they think it’s worth $2,000 to own orange county concerts.com because they’re going to promote, um, concerts in orange county because they’re of.
And they want to have a directory and sell tickets. And every time they sell a $200 tickets to a concert, they make 20% of the $200. And that by being orange county concerts.com, they have the respect to get more traffic. They have the ease of remembrance to have more people come to their website as they build up a list and they can be and own orange county concerts.com and then they can build it up and then they can sell it.
So I think that’s a powerful benefit, but can they turn around tomorrow and sell it for 90 to 95% of what they bought it for today? No, and I think we don’t have the liquidity that NFTs have and until we get a more diverse and larger customer base applying the same supply and demand principles to domain names that they do to NFTs we’ll have the liquidity.
If we did have. Thousand digital investors that liked domain names were main names were trading and having bid Nass prices. Then we would have the type of liquidity that you have in NFTs and domain names. And I think it’s not that there is a shortage of people out there. It’s not that there is a shortage of people that would be interested.
And I don’t think it’s that our product isn’t valuable enough. It’s just, we haven’t communicated effectively and effectively doesn’t mean I think something and Mr. Public, you need to think the same way I do. We’ve got to find a way to. Publicized domain names using the language and the ones and the needs and the desires of real people out there that, that are ready to invest their money and digital assets with frankly, a very low bar of expectations.
And that’s why it keeps saying it. That’s why I keep saying it here on Monday domains, I’m encouraging those listening in the room and, and, and on the podcast to come up with that type of innovation so that we can have more liquidity and Michael Milken who kind of invented the junk bond industry, said it best.
He said, if you increase the number of nodes on a network, you’ll increase the value of each individual asset in that network. And what he was selling was he was selling junk bonds, meaning at the time people only buy government bonds and you got, say a 5% interest rate. And he made the case that even though those were government guaranteed, if you bought bonds from a company that was less risky, or there was more risky than the government, but they paid you 13%.
That if you bought a diversified mix of companies, all paying 13%, you could afford to have some of those companies go under, not pay their debt and you would still end up making more money. So he had any liquid market for junk bonds. He knew that he had to publicize and get more liquidity in that market.
And that’s why he said, if I do that, then the more market participants I have, the higher, the value in the lower spreads, it’ll be applied to each individual asset in there. But when I think about digital assets, when I think of what I’ve learned about digital assets, I do think Donna Karen for her help and Hey Donna,
sorry. Hey Paige, how are you?
What was on. I said, Hey, Donna, how you doing? I liked your profile, pic Mehta, nfte.io that says it all. Thanks. Yeah. I wanted to bring up something page to see if you had heard of it. So. Going forward. What I think is, um, really interesting about, uh, and FTS is individuals having more access to industries that sort of have been historically, um, either only large companies maybe because of capital, um, uh, you know, capital intense capital requirements or government, um, regulations, individuals have sort of been left out of that.
And one of them is, uh, the mortgage industry, right? So I was just reading that loan snap. And I’m gonna read you what they did. So there, they created seven mortgage liens as, excuse me, NFTs. So they minted the NFTs tied to individual mortgage lien. Then they use those non fungible assets to back their staple coin known as the be home token, as payments are made towards the mortgage, the underlying property appreciates the be home token grows in value, generating a return, similar to what a bank would receive as a mortgage lender.
And what they did was they’re, they’re saying that they kind of eliminated because the information from the mortgages that they did this with were on blockchain. So your debt to income, your credit score, the home value or on blockchain. So it sort of eliminating the middlemen and they’re now able to get into this to the mortgage industry, whereas before they were kind of shut out.
So what do you think of like industries like that we’re individuals were sort of shut out, but because of the immutable blockchain. We’re able to get into those industries, you know, whereas before we couldn’t, what do you think about that? Yeah, I think it’s a perfect, um, modern DFI, uh, concept. And what I mean by that is it’s a way that the, you know, the financier’s, whether you think back over time, the JP Morgan, the trust busters, the fat cats, the Roth Childs that own the central banks of the world.
You know what I mean? All that stuff have wanted to find ways to exclude, uh, the public who provides the capital for them to do a bunch of stuff from the process. And I think that anything like what you described that takes the collect collaborated capital of a large number of people. And reduces the numbers of fingers in the pie to have that benefit.
Those same people is great. And what I mean by that is there’s a, there’s a concept. A lot of, um, I think it’s a lot of Korean businesses have started where they’ll have like 30 Korean entrepreneurs will come over, say to the U S and they’ll each put in a thousand dollars a month and each month. Someone in the group gets the $30,000 of equity capital to start their business.
Cause that’s the biggest barrier to starting a business, right? Is the equity capital at the beginning. And then with that, you can borrow it. And so you have this thing where, where the group capital benefits each individual member of the group, and it’s the same thing a bank would do, except the bank would take 80% of that.
Right. And so those aspects of what you described by turning a mortgage into an asset, turning a group of mortgages into an asset, turning the cumulative. Principal paydown that happens in mortgages across the U S you know, that’s family, net worth every month, everyone with a mortgage, the trillion dollar market, or get industry overall, it’s like, oh, over a trillion dollars.
Right. But not only that, but every month they’re paying down, you know, that’s equity, right. That they’re paying down. That, that, that is the thing that everyone also needs, which is equity. Right. Um, and so you have households or members in a community creating equity, and then, and then directly benefiting those people who need equity or need mortgage.
You know what I mean? So that’s the part about it now? It was interesting when you mentioned mortgages, Donna, because I do believe that a lot of these cryptocurrencies can never become real currencies because you can’t borrow. You know what I mean? You would never borrow in Bitcoin. I mean, what if you took out a hundred thousand dollar loan two years ago in Bitcoin?
You know what I mean? And now you owe $8.8 million. And so, um, you know, it’s interesting when you said mortgage, I was going to be interested, but then you turn the mortgage into the other side of it, which is the asset, you know what I mean? And then, um, and then it became that way, but that’s. Yeah. And if anybody wants to it’s loan snap and tying it back to, you know, domain names, it just sort of opens it up to more individuals with more businesses needing, you know, additional domain names for, you know, creation of, um, companies and websites.
Right. Yeah. And I think, um, and then we, and then we need the power of all those businesses to go up against Google, frankly. Um, because Google has, so you served the, the web. Nature of, of a network. You know what I mean? That I don’t think we get the benefits of networks. Now say a lot of internet investors are at fault too, because of things like click fraud and all that stuff, you know, where we created a bunch of junk content on there that was just designed to make us a bunch of money without doing anything.
So Google gets to grab the mantle of we’re making the internet easier to use, you know, as long as you go through us to use it. Um, but yeah, back to your statement, I think it would make people’s, you know, domain name more valuable. I was also thinking data is a lot of people who say NFTs are just a picture, you know, a PNG file or a whatever.
And I thought about that statement and I said, sounds good to me. And if that’s true, They still got domain names, because if you think about the last 10 years, what do you is? One of the only few innovations we’ve had in domain name marketing when it comes to pictures and JP,
it’s the idea that you’d create a logo for your domain name and you’d create something more than just the letters. Right. You’d create a logo and people would be like, yeah, but that’s just the logo, but at least it’s a picture in a box that people can see. Right. Think about it. That’s like an NFT kind of, you know what I mean?
But it’s certainly more attractive than just a domain name. And, and I think about that and I think if I was there. If I ever wasn’t ready to make everyone a logo for every one of my domain names, I should do it now. Right. Because we’ve seen that people love a profile. Yeah, absolutely. I have done that.
Definitely. Um, and I think, uh, you know, there’s others too, domainers that, um, have done it in a D you know, I’ve done it, sold domains very successfully with having that nice picture that catches your eye. Because I think words when we’re scrolling, you know, when everybody does it, whether it’s whatever social media platform that you’re on, you do have to stroll and you’re going through and going through.
And if something, you know, a visual picture catches your eye, then you’re more apt to say, oh, what is that? And then read the actual domain name or whatever it is. Right. I mean, I think that just makes sense on every level. Really.
Gotcha. Well, I’ve got some ideas how to take the next level, but, um, you know, there’s 150 million.com domains out there. And I continue to believe for those of you that are listening, that if you’re thinking about investing in domain names, you’re looking at domain names like most of what we’re talking about here, most of us own for resale the top two to 3% of all domain names.
That’s not most of us own names and the top 1%, you know, and if you’ve ever looked at a drop list, the whole drop list of what drops seeds day, and you think about 1% being one out of a hundred. Just go look at a hundred domain names that as of yesterday were registered. You know what I mean? As of yesterday, someone in the last 25 years paid $8 within the past year to renew that domain name and look at a hundred of them.
And most cases you won’t see one out of those hundred that has a possibility of you think being worth anything. So that’s one of the ways I get to this idea that most of the domain names that are owned by investors, and that’s why they have kind of this floor level of, of a thousand dollars or $2, $2,000 or $5,000.
It’s because they are already in the top 1%. If you think about domain names, like you would an NFT in terms of whatsits rarity score, most of the domain names, you know, the floor on domain names is. There’s a lot of domain names, maybe 60 to 70% of all unused domain names might have a floor price of zero, meaning they’re not worth anything if you try to sell them.
And if you think about the hundreds of millions of combinations of letters and words that aren’t registered, then you can basically mint a domain name for zero. If I want to use NFT terms. And if you look at the $8 renewal fee that you pay as gas, really, you can mend to domain name for zero. It’s an airdrop.
It’s like, it’s like the metaverse of domain names is airdropping. Every. Unregistered combination of letters and words as a free airdrop that you can go get right now just for paying the gas. So, Donna, what do you think about me talking about domain names, using NFT terms? Is that the cart and the horse, or do you think some people may look at a domain name differently if I describe it that way?
Yeah. I think that’s a good way to, um, to kind of make it, you know, relate. Um, you know, I think that’s, that’s a good idea moving forward, you know, and I, you know, and I think people get, um, not confused, but they do, you know, we still have rooms where people say, I, what is it enough T you know? And because it’s, um, It is kind of hard to describe, but, um, yeah, and there’s a lot rooms that I’ve been in even one today where, um, you know, somebody asked the question and the description was not correct, you know?
And, um, so it’s, uh, you do have to do your own research, you know, and just kind of, you have to sit with it and, and just kind of get it, you know, because as much as we try to explain everything, you know, if you don’t sit down with yourself and just learn it and then, you know, get it yourself, um, then it’s kind of hard to relate it to even domains or anything else, our work, uh, mortgages, you know what I mean?
So, yeah. I mean, I think that’s a great way to do it, but it’s, it is still hard to explain to the general public. Yeah. And I’m not sure that the more people that know about it, FTS is going to grow the NFT market. Um, there’s a lot of, there’s a lot of things about NFTs that maybe worked best in a, in a private small group, you know, like the masons or something, or the Templars, you know what I mean?
Where in a small group, it’s easier to talk about things that carry value that, that maybe won’t in the real world, you know? Um, and so, you know, I think domain names were subject to the same thing. You know, I think for a long time there was people that, that wanted like domain names. And even now, if you went around the Thanksgiving table and said, you know, what’s a domain name, a lot of people may know it functionally, but if you said, what do you guys think about investing in domain names?
I think there’d be more questions than answers. And so. Know, I think we’ve been there for the last 20, 25 years, but I will say that, you know, we see the metaverse coming in and driving domain demand for domain names related to the metaverse and that glimpse of what can happen when any industry this discovered and is adopted by the public.
Now, post pandemic, more discretionary income, more extra play, money, more extra fund money. Um, more people that have seen how you can take your, the time you spend on video games and the time you spend on social networks and use it to make money that the domain name space, I think will benefit.
From simply those types of things coming out. Now, I don’t know if you’re going to be able to hand read ya a ma a domain name. Like you have been with some Metta names and go from $10 to 40,000 in two, two weeks or two months, um, or six months or eight months. But the pattern has been set and I think it’ll be easier for people to follow.
So I think if you’re a domain name investor, who is what I call a momentum investor, meaning you want a trend to have taken hold, and then you want to play it as it moves up. Or if you’re what I call a long-term domain investor, a buy and hold domain investor. You want to be diversified across a number of trends that may take hold in the future.
Think those are two ways. I differentiate domain name investors. I think that the fact that this medicine happens so fast and with such, you know, public profitability means the next thing that comes along, it’s going to happen even faster. You’re going to have more people. So if someone invents a new word or a new verse or a new thing, and it fits well with domain names, I think we’re going to see more people coming in and buying.
And so if you’re selling to them, which I think is fine, I don’t think there’s anything wrong with a domain investor selling to other investors who find out about a trend and want to get in on it and buy domain names. And I’m a professional domain investor who thinks that that inventory was worth more than zero and is ready to sell to them as they come in, because I’m not going to develop things in that business for the long-term.
I don’t think there’s anything wrong with that. If you say you’re a Cybersquatter, maybe that’s. But if I’m, Cybersquatting on generic trends that may take hold, I’m not violating the intellectual property rights of anyone in the future. They may be bummed that someone else thought that what they thought of could be popular before they did.
But again, we, like, we tell people that’s like going to a house on the beach and saying, oh man, I’d love to live here. I should be able to buy this real estate from the government for nothing and no someone else, you know, saw that. So, um, anyway, I kind of ran off track. Hey Jill, thanks for coming up. I didn’t know if you had a question or a comment I couldn’t tell from your profile.
How are you doing? Are you a domain name, investor?
Uh, not quite, but I’m trying to get more understanding about the topic going on right now. So our past. All right. Well, thanks everybody. Well, I wanted to let you know of some rooms that are going on in startup club this week. And startup club announced today, a major sponsorship with Proctor and gamble, and it has to do with a startup initiative that, um, Proctor and gamble is sponsoring and that a lot of the rooms and talks on startup club are going to be, um, publicizing and telling you how you can get involved with.
So if you’re not a member of startup club, uh, find one of the shows this week on startup club. Um, I know we’ll be talking about it Wednesday at 6:00 PM on the name game. And I know that I think Rachel’s here just listening, but she knows a lot more about it, but I want to encourage you. To, to go over and hear about what they’re doing.
They’re there, they’re actually offering funding and trips to CES for different innovative companies in the areas that, that they promote, which is family living and, and products and services for that. And I know that there’s a lot of creative startup people in the domain name space, and I think it’s something you want to take advantage of.
So this is not an official sponsored room from Proctor and gamble, but I know that I’m started club all day today and all day this week, they will be announcing more about the Procter and gamble startup clubs, sponsorship. And so I encourage you if you don’t want to wait until the name game, if you follow me and listen to my room, that those talks are happening all this week.
And I’ll give a second in case Rachel was listening. Yeah, I can see Rachel she’s on the start-up club. She’s yes. So if you want to follow a start-up club, you can see their calendar of shows today, but, um, Proctor and gamble has kind of an incubator or a program, and they’re going to be giving people space to, to share about their startup and awarding grants, cash grants, and trips to CES, uh, to be part of their incubator, um, for Proctor and gamble.
So they partner with startup club to be able to find great, innovative and exciting ideas. So let’s see. Does anyone else have anything else they’re doing this week on clubhouse that I can help announce? Let’s see, I’ll be having my outbounding club tomorrow at 5:00 PM. We didn’t have it. The last two. And one of the things I’m going to talk about is outbounding metaverse and NFT domain names and something that I’m starting to hire people to do.
Um, cause I don’t do any outbounding myself, but maybe I will. Who knows with the idea of, instead of doing the traditional geo service names, um, that in a space that’s moving as fast as NFTs and metaverse, I think that there is a component of letting different companies know the domain names for sale that doesn’t necessarily have to be followed up with.
Okay. I’ll give you a hundred bucks or, okay. I’ll give you 500 bucks, but you can still ask. Uh, price related to the market and outbound to let them know that, you know, you’ve gotten a lot of inquiries. There’s a lot of interest. You’re just trying to cast a wide net to get all interested parties. And, and I think that that’s a pitch that people have used.
And maybe it sounds a little phony. It sounds a little false, but I think right now in NFTs and metaverse is a desert. And then the other reason I’ll give you two more reasons tomorrow on outbounding club in domain name club. Why think that outbounding current trendy technology names like metaverse and NFT can be.
Even more profitable than just outbounding geo service names. And then Wednesday on million dollar domain names. I am going to talk about million dollar domain names. If they were marketed, like NFTs, what they’d look like. So that’s the week on domain club. Hopefully you’ve joined us. You followed us, you followed me.
And that’s what I’ll be doing this week.
Let’s see Taya, how you doing? Hey page. Good to see you. Thanks for having me up on starch. And, um, yeah, I just wanted to mention my club domain areas. So that’s main I a Z it meets Wednesdays at 3:00 PM Eastern standard time, and we play show and tell with our brandable domain names. And if you want to wholesale one, let everyone know, uh, when you play the show and tell and do deals on the back channel, and we also discuss brandable marketplaces or anything else about brandable domain names.
Thank you page. Fantastic. So if I’m just a person that maybe bought too many brandable domain names, then I can come in and talk about them. And then at the same point say, and if you’d like to take over this idea, I could sell it for, and I assume that you’re kind of looking for me to probably sell it at like about a wholesale range for me.
What like 50 to $500? Or can I get like five to 10,000? What do you think? Oh, w probably wholesale because it’s, it’s a room for investors. Perfect. Well, I may Trop in, I may have a couple extra names. Hey, Jeff, how are you? Paige. I’m doing great, man. Another great rum. I get to learn a lot. When I come into your room, you also gives me some great ideas, uh, and things like that there, but you run this always so insightful to be Paige.
I appreciate you, uh, producing this room on Mondays, man. Great show. Great topic. Uh, and Jeff say was another day during the week, say it was Thursday and I wanted to learn about domain names. What can I do? Yeah. Hey, you can come on over to talking domains, but don’t come this week. We’re going to bypass this.
We can loo up Thanksgiving, but I’m going to pop up on a Thursday for probably about an hour or sometime in the afternoon. I don’t think I’m going to schedule it. Just going to pop up and just say thanks and give. All of my friends that supported the rum. Um, just a thank you, shout out. So just look for that somewhere on the hallways on Thursday, I have set a particular time, um, but I do want to give appreciation, um, and thanks to the many people that have supported, um, talking domain since may, uh, the show has been going strong.
I think last week we had over 500 people that showed up, uh, in the amount of hours that we did do last Thursday. I’ve had, I’m having a great time. Um, I’m enjoying my man, uh, Todd and, uh, Rico and Krista helping me out. And everyone that comes in a week after week and spending time with us on talking domains.
It’s four o’clock Eastern standard time. We’re going to bypass this coming Thursday, but we’ll resume the following week. Yeah. I’m thankful for meeting you here and I’ll try to come in and just share a word of thanks. Relationships and friendships and, and I’m grateful for everyone here. Maybe I’ll maybe I’ll bring my grandson.
And I think there was a lot of clubhouse folks with me this year when my daughter had a baby. And then, so I’m thankful for him. And it made me think about being on clubhouse that night. So anyway, thanks Jeff. Hey Todd, uh, a page. I appreciate that. Hey, page, I would like to get you to come on one day in the very, very near future.
Uh, last week when you had your, a rum and the gentlemen that popped up, uh, in your room, I forget his name, but you all went old school on us and really talked about some great old school stories. Uh, those old, old school stories, I think, um, did a lot that day to a lot of people for me as well, because they had so remembrance and my remembrance of, um, some of the.
You know, the makeup of the domain innings and how things was doing back then and names and whatnot there. And so I would definitely love to have you come on and talk, um, old school stories, uh, of the domain in community, in business. Um, and, and, and, and the makeup of how some of these business came to be.
And some of those partnerships and some of those defaults, uh, in the business as well. Terrific. Jeff, thank you for helping out everybody in this space, but especially beginners and, and, uh, yeah, just, just invite me or ping me. Hey, Jason, how are you? How’s uh, how’s domaining for you this week. Hey, what’s up page domaining is, is, uh, moving along slow and steady, like always.
Gotcha. Well hopefully slow, slow, steady, and profitable. Yeah. Slow and steady wins the race. So what the old the field saying? Um, yeah, man, I just wanted to, we were talking to, since you’re talking about domains and NFT, I just wanted to throw a little, a word out there that, so there’s a new collection up there called dreamy geeks and of this collection 244 of the NFTs have I love domain shirts on them.
So if anyone’s looking for a PFP that has like, I’ll have domains on an NFT, check out the dreamy geeks.com. And, uh, we’re trying to, what we try to do is get the word out there about domains through the NFT space, sort of, you know, um, so that some people that get these, get these NFTs are looking at domains as well.
Well, fantastic. I think I used to own that domain name. I love domains that Ws with the heart in it and so love it. Well, thanks for winding down here a little bit, Wesley, I saw you pop up. Did you have a question or something to share?
There we go. Yeah. Paige, I couldn’t agree with you more on the whole logo situation. I got out of the domaining for a long time. And it was interesting that Jeff brought it up and somebody, oh, it was zoo. I talked about an old search engine I’d built back in 1999. There was back at the time, like 40 different search engines.
And Google was just one of many, but, you know, way back in the day when I was domaining, you know, that was one of the, like that domain I created right there for the Metta beach, you know, uh, I would recommend a couple of free open source software and there’s a lot of online support it’s called Inkscape and, uh, and their open source free software.
Uh, and especially if you’ve got a blog, if you’ve got a group of domains that all share kind of the same. Uh, Papa a website together, make a logo way back in the day on one cold molten Java, uh, were, you know, caught the best coffee comes from volcanic soils, you know, made a logo for it. And then, uh, uh, yeah, I mean, I go a long way back my shelf here.
As a matter of fact, all those two, you mentioned those ones are current, the Inkscape and zinc Dyson. No, sorry. We are there free open source downloadable software to, uh, you know, create logos. I made the Metta B uh, logo in that Inkscape. 45 minutes, but you know, I mean, I’ve got some experience in that. I’m not a professional, double, minor.
I mean, if I buy a domain, it’s only, you know, to develop it into something that I could commercially, uh, you know, work with. But I see the, and that selects why I made the metal, um, registered a few men names and I’m like, wow, well, that’s kind cool. So that’s where that logo came from. So I think it makes sense.
I was with you back in 99. I was a, uh, early investor in a search engine called Northern light at the time. Remember Northern lights.
Yeah. They said, they said Google was not, then you know, they had a chance to investing anyway, but thank you for those two. Yeah. Yeah. Page. If you look at, I sent you a back channel, the search engine was called big pile and it was crazy there. Some saw been in these domain clubs that people remember that thing.
There were some, he was, he’s a guy like in his late twenties. She said, I remember being a teenager and getting caught at school, go into big pile. And the teacher got mad because, cause I, it was a parody off a dog pile. I remember Dogpile I used to use it. Yeah. Yeah. Well, it was parity. All that. If you see the logos there, two little steaming piles of.
Hey, Wesley, thank you so much for those two contributions. I have used cool texts for a long time, just where you could type in the text of a domain name and just pick a font. You know what I mean? And, and back in oh five and oh six and oh seven. That was just like the logo for me. You know what I mean? I could just type in my domain name, save it in a certain font and, and I had a logo, but, but I’ve been looking for something to replace it because it’s almost like they picked the worst fonts in the world to put on cool texts for free, you know?
Um, but, uh, thanks. Hey Todd, how are you? How was your room last week? And, uh, you guys were right in the middle of the current storm and everything. So how’d that go? And what do you have going. Yeah, I went good. I wanted to say, I can’t remember last week page, but I was in the say, unlike Wesley, unlike Wesley, I am a professional domain there.
I have my own queue, my own case. I won a few tournaments. I don’t take the crap from Hartwell, hardly anybody you a little bit. Okay. So tomorrow after your. Uh, outbound show David Michaels and I are doing domain name law, and there’s no joking. There’s no joking in this room. You joke, you get kicked out.
This is a serious room, domain, name law. We’re going to talk about legal issues. Actually, it’s not true. You can come in and joke around. Uh, David and I are going to, uh, talk about a few DRP cases, but we like when folks all us down the audience of friends, come in and say, Hey, I have this legal issue. And even if you have a legal issue, let’s say about.
This NFT stuff and you don’t know. Well, you can ask us, we’ll make up the answer. I mean, hell we don’t care that that’s tomorrow. Haftar uh that’s tomorrow David Michaels. Yeah. He’ll he’ll make up all sorts of stuff. He’s got that serious voice and people ask him questions. And I know behind the scenes he’s like, Todd, I didn’t know what, so anyway, it’s me and David tomorrow, but there is a new room and I’m just going to briefly say the next one.
And that is marijuana businesses, a new room, as opposed to marijuana domains that a shameless tiger and I are doing on Wednesday. And it’s true. It’s 3:00 PM Pacific. You can check my profile. And of course, I’m going to be waiting around to see when Jeff pops that thing up on Thursday. He won’t even tell me, he said, you just be ready.
So now my whole Thanksgiving shot, but whatever. So, all right, listen, thanks for letting me up. Thanks. Hey Todd, I can vouch for exactly the way he presented it. You know, I think they do a good job of one. They can help you with this specific question and, you know, you get what you pay for when it comes to legal advice and there’ll be fully disclaimed, but they also do a really good job of making some of the people’s individ.
Questions about domain name, law issues, you know, generic and what can everyone pull out from it? And so I’ve appreciated that, uh, in the past time and David Michael’s boy, we needed to have a real conference. I’m guessing he’s a wild man on the dance floor. So yeah, we’ll have to get David out out there.
All right. Thanks everybody for Monday domains again, uh, join startup club this week, uh, to see about the Procter and gamble sponsorship and how you can get your startup, uh, included potentially, and what they’re doing, or even get funding for your startup. And, um, and there’ll be mentioning that if you go to any of the, most of the startup club rooms this week, um, including mine on Wednesday, the name game, which if you haven’t ever been to the name game, We use the, you know, the tens of thousands of members of startup club.
And what people will do is they’ll come up and they’ll share the name of their business and their domain name. And then we’ll try to guess what their business does from that. And so that’s one of the rooms that I do and start a club, and you’ll probably be able to hear about the sponsorship that they have this week.
But if Rachel did have a second, I just had asked her if there was any rooms later today that had any information about the Procter and gamble sponsorship, if she’s still there.
Well, anyway, you can look at startup club startup, that club to see what rooms are going today, or join startup club here on clubhouse. And you’ll see the different talks each day. And there’ll be talking about that. So have a good week and domain. Certainly appreciate everybody and, uh, have a great week. I am going to close the room down and we’ll see you next week from Monday domains.
All right. Bye-bye thanks you guys. Thanks Wesley. And Todd and Donna. Thank you so much, Jeff and Jason Taya. I still don’t know how to spell your name, right? Hopefully there we go. Just like it says Taya. Thank you. See y’all later. Bye-bye okay. Appreciate it, Joe.