Crypto.com Domain Is Officially Sold For “Millions”

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Sead Fadilpašić

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Sead Fadilpašić

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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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June 26, 2023 06:53 EDT

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The domain crypto.com, whose owner Matt Blaze has held out for a long time refusing to sell it to cryptocurrency companies, is now owned by exactly that, TechCrunch reported. Apparently, after years of claiming that the domain was not for sale and that people should stop contacting him, Blaze sold it for “millions.”

Monaco, known for its cryptocurrency token MCO and a Visa debit card backed by cryptocurrency, is the lucky buyer and will be rebranding itself as “Crypto.com” following the acquisition. Blaze, a cryptology researcher and professor at the University of Pennsylvania, registered Crypto.com in 1993, according to the report.

Meanwhile, The Verge reports that, according to experts, the domain – first registered in 1993 – could have attracted as much as USD 10 million. Still, Monaco’s CEO Kris Marszalek did not disclose any specifics. In an interview with TechCrunch, he said, “If it was only about money he’d have sold it a long time ago.”

And while Blaze finally sold the domain, is personal site still warns visitors against investing in cryptocurrency: “Many cryptocurrencies are scams, and I strongly advise against their use as investment vehicles.”

“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. The details will have to stay confidential, but I will say that I’m satisfied with the outcome and that it involved neither tulips nor international postal reply coupons,” Blaze wrote in a post on his website.

Monaco finished their initial coin offering (ICO) in June 2017, raising what was then worth USD 25 million in crypto. Marszalek now says that the company holds close to USD 200 million, partially thanks to the surge in the price of the ethereum coin. The Monaco card just entered testing for a small group of users and Marszalek said it will be available for all customers in Singapore and Europe this summer, while the US may have to wait until Q4 of this year.

The MCO token is trading at USD 8.89 as of the time of writing, having increased in price by 5.23% in the past 24 hours.

MCO price chart: