How covid-19 impacted the domains business
how the pandemic has affected domain trading
COVID-19 has completely changed the world and it has also done so with the domain market. With the arrival of the pandemic, in fact, companies have found themselves forced to drastically switch to online services. Having a strong and reliable domain name has therefore become essential to say the least.
many new activities also arose in the pandemic period. After an initial contraction, in fact, many startups have begun to arise, making it necessary to demand the purchase of domains. Most of the startups that arose in the pandemic period have sprung up in the United States, where demand for consumer-facing premium .com has skyrocketed.
alongside them, the growing global adoption of digital currencies such as Bitcoin, cryptocurrencies and blockchains underlines how serious it is for a company not to keep up with current technology, being crushed by a global economy and a business ecosystem that is rapidly changing for always.
according to the most basic notions of marketing, demand increases supply. In the case of the domain market, prices have increased dramatically due to the decrease in the inventory of available domain names. In fact, there are so many businesses that needed to purchase a post-COVID-19 domain that their value has skyrocketed, significantly increasing the number of new investors in the market.