Domain Appraisals Tools: How Reliable Are They?

domain appraisals tools

Introduction

In an ever-evolving digital landscape, the value of a domain name transcends mere algorithms and online estimates.

Beyond the calculations of algorithms and the estimates of online tools, an universe opens up where the true value of a domain is unveiled in its uniqueness and inherent potential.

Factors such as memorability, relevance in the reference sector, and its potential deeply influence the real value of a domain, often surprising theoretical expectations. The value of a domain name resides not only in numbers, but in the stories, the strategic visions of buyers, and the patience of sellers.

A journey to discover a market where the real value of a domain transcends simple numerics to embrace an unexplored potential.

domain appraisals tools

Summary

– The Hidden Potential of Domains Beyond Algorithms

– The True Value of a Domain Name

The Hidden Potential of Domains Beyond Algorithms

The assessment of domain values through online tools versus their actual sale value is a fascinating topic that merits careful analysis. There are notable discrepancies between the estimates provided by online valuation tools and the actual sale prices of domains.

Take, for instance, the domain “Socrates.com”. While GoDaddy valued it at $21,166 and PCDomains at just $1,106, its actual sale price reached a staggering $600,000. Similarly, “AIgenerator.com”, estimated at less than $10,000 by 3 out of 4 online valuation tools, was sold for $81,675. These cases highlight a marked discrepancy between theoretical valuation and practical value.

These discrepancies can be attributed to various factors. Online tools often rely on algorithms that analyze historical data, website traffic, keywords in the domain name, and other technical parameters. However, these tools cannot quantify the uniqueness and specific potential of a domain for a particular business. For example, “TopHotels.com”, valued at $19,357 by GoDaddy, was sold for $380,000, likely due to its great potential in the hospitality sector.

Furthermore, the valuation of a domain can be influenced by factors such as ease of memorization, brevity, relevance in the reference sector, and branding potential and the buyer’s desire to secure it at all costs. For instance, “YourRide.com” was valued at $9,605 by GoDaddy but sold for $300,000, perhaps reflecting its strong appeal in the vehicle market.

Online valuation tools provide a useful starting point, but it is crucial to also consider the uniqueness and potential of a domain in the specific context of a business. Estimates can provide a basis, but the real value of a domain can be significantly higher, deeply reflecting its true potential in the market.

domain appraisals tools

Sources: https://namebio.com | https://www.godaddy.com/domain-value-appraisal | https://pc.domains | https://saw.com/appraisals/ | https://humbleworth.com 

The True Value of a Domain Name

In the digital universe, a domain name is not just a mere online label; it’s an identity, a brand, an intrinsic value that goes far beyond the boundaries of tangibility. The data from the last five years show a dynamic landscape: from 2019 to 2023, the sales of domains with mid-to-high prices vary considerably (for example, in 2023 we have +1250 sales ≥$10K, +350 ≥$25K, and +125 ≥$50K); these numbers, as impressive as they are, do not tell the whole story.

The value of a domain name cannot be precisely measured by online tools. These can provide a useful estimate, but they do not capture the unique essence of each domain. Each domain name is unique and, as such, its value is largely determined by the specific interest of the buyer. This interest is unique to each buyer, influenced by factors such as the brand, the target market, and the long-term strategic vision. The patience of the seller plays a crucial role in this delicate balance. Not being in a hurry to undersell can mean the difference between a modest profit and an extraordinary one.

The true value of a domain name lies in its uniqueness, the perception of the buyer, and the patience of the seller. These intangible elements, combined with statistical data, form the beating heart of the domain market, a market where the real value transcends simple numbers and lies in the stories and potentials of each domain.

domain appraisals tools

Source: https://namebio.com | 2023 data updated until early December

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Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

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ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
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Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
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Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

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