How covid-19 impacted the domains business

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.

Cloudname offers the best platform for domain trading

Cloudname is a simple yet powerful tool through which you can discover new domains and find meaningful data of almost every registered domain.
Everything comes with a brand new design wrapper by a top-in-class platform.

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How does it work?

On 28/01/2023 a whitelist of eligible wallets will be published (any wallet holding $CNAME since before 27/01/2023 – NOTE: the tokens needs to be in a WALLET and not for example in an exchange)

Whitelisted users will be able to Redeem $CNAME directly on the Cloudname website.
The application page will allow users to connect their wallet and choose how many $CNAME to redeem.

Once the $CNAME are sent, users will immediately receive an email with a Freename promo code. Every promo code will be $100 max, and is not cumulative  (e.g. if you redeem $1,000 in $CNAME, you will receive 10x $100 promo-codes)

Happy Web3 TLDs and Domains Shopping!