In a strategic shift that underscores the enduring value of digital real estate, serial entrepreneur Jordan Fried is transitioning from the volatile world of blockchain and cryptocurrencies to focus on established, cash-flowing businesses. Fried, renowned for his foresight in acquiring premium domain names such as NFT.com for $2 million, PuertoRico.com for $1.1 million, and Israel.com for $2.5 million, has consistently viewed domain names as pivotal long-term investments. He emphasizes, “I’ve actually never sold a domain name. I just buy domain names and then I hold them until I figure out what to do with them.”
Reflecting on the recent volatility in tech investments, particularly within the NFT market, Fried observes, “People just aren’t that excited about spending a hundred thousand dollars for a monkey picture as they were in 2021.” This insight has prompted him to seek opportunities in what he describes as the “HVAC plumbing equivalents in the B2B software as a service space,” focusing on businesses that offer stability and solve real-world problems.
For domain investors and entrepreneurs, Fried’s journey underscores the importance of strategic domain acquisition and the potential of digital assets to serve as a foundation for diverse business ventures. His approach highlights that while the tech landscape may evolve, the value of premium domain names remains a constant, offering both stability and opportunity in an ever-changing market.
Selling domain names can be a lucrative venture if you know where and how to list them. By leveraging the platforms and strategies outlined above, you’ll increase your chances of connecting with the right buyers and closing successful deals.
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