What are the most expensive cryptocurrencies sold?

Non-fungible tokens (NFTs) have made many headlines through 2021 and 2022, with top collections such as Bored Ape Yacht Club and CryptoPunks sells for millions and cryptocurrencies enter the scene.

NFTs also became an important part of the gaming world, with “play to earnBlockchain games like Axie Infinity and The Sandbox that allow players to make money while completing quests, quests and trades.

However, history may remember some of the highest flying NFT sales as NFT domains. Similar to the early .com boom, buyers are buying domain names on a large scale, hoping to claim a piece of internet “property” on the blockchain.

Blockchain domains turn complex wallet addresses into simple domain names while providing censorship-resistant websites. Domain names come with different extensions from .crypto and .eth to .dao and .blockchain.

They can be purchased at Unstoppable domains and Ethereum naming service (ENS) or traded on NFT marketplaces such as OpenSea.

The following article explores the most expensive cryptocurrencies ever sold.

Growth of the crypto domain market

The value of cryptocurrencies has grown exponentially since their popularization of brands such as Unstoppable Domains and ENS.

Most domains start at $ 10 to $ 20, and many sell at significantly higher prices in secondary markets.

According to statistics from DappRader, NFT sales reached $ 342 million in February 2021, which was higher than the total value of sales in 2020. After the highest ever, Unstoppable Domains launched the sale of its “win.crypto” domain in March 2021 This sold for $ 120,000 and broke records as the most expensive crypto domain. It showed that the NFT category was broader than just digital art.

Later in the year, Unstoppable Domains launched 94 premium sports and gaming NFTs to the public, including “gambling.crypto” and “baseball.crypto”. These were sold out in just a few days, further demonstrating the potential for blockchain domains. Following this success, Unstoppable Domains stated that they would launch a batch of premium domains each week, spanning a variety of industries.

As of February 2022, Unstoppable Domains has sold over 2 million domains, including domains for several Fortune 1000 companies such as IBM and Alibaba. Brands can also reserve their domain by contacting Unstoppable Domains via their online form.

Crypto domains: Not a new concept

The idea behind cryptocurrencies has been around since Bitcoin. In 2011 Namecoin was a fork of Bitcoin the first attempt to create a cryptodomain. But with the technology behind cryptocurrency in its early days, the number of applications for a cryptocurrency was limited. Cryptocurrency was not yet accepted as an actual means of exchange, and the idea did not succeed.

However, after some repetitions of innovation, the launch of smart contract-enabled platforms such as Ethereum, cryptocurrencies are a much more realistic product today than ever before.

Blockchain domains are being used in new markets

Although cryptocurrency domains were originally sold among early crypto enthusiasts and insiders, their potential has been recognized by companies seeking similar profits early domain home occupants created in the dot com boom.

As a result, these domains are selling at a higher price than ever before.

For example, Budweiser recently bought “beer.eth” for $ 95,000, and the domain “sex.crypto” was sold for $ 90,000. Both of these domains are now worth more than $ 600,000.

Despite the fact that these domains are sold for huge prices, most cryptocurrencies are still relatively affordable. On OpenSea, over 319,000 domains are available from Unstoppable Domains, each selling for less than 0.01 ETH. This makes the market extremely attractive for new investors who want to profit from domain investments. However, it has also resulted in some restrictions from suppliers.

Unstoppable Domains has reserved thousands of domains for notable brands and individuals, making them unqualified for purchase – the idea is to prevent a person from buying the domain and use it to impersonate a particular person. This protects the integrity of the brand and prevents unethical misuse of domains.

Cryptofocused domains remain dominant

With the hype surrounding NFTs still widespread, it is no surprise that the most expensive cryptocurrencies are those in the industry itself. First names, crypto and financial terms are still by far the most popular.

Here are the 10 most expensive cryptocurrencies purchased in July 2022.

Remember that each domain was purchased with ETH, where the value fluctuates quite often.

The following list calculates the domain value in ETH at $ 3159 USD.

Sex.Crypto sold for 230 ETH ($ 726,570)

Own.Crypto sold for 35 ETH ($ 110,565)

Hodl.Crypto sold for 30.5 ETH ($ 96,349)

LiquidGold.Crypto sold for 20 ETH ($ 63,180)

BitcoinUK.Crypto sold for 14 ETH ($ 44,226)

Oncology.Crypto sold for 12 ETH ($ 37,908)

PropertyInsurance.Crypto sold for 11.75 ETH ($ 37,118)

Vietnamese.Crypto sold for 10 ETH ($ 31,590)

EthereumPay.Crypto sold for 10 ETH ($ 31,590)

Three-Two-One.Crypto sold for 8 ETH ($ 25,272)

Last thoughts: Will cryptocurrencies become more valuable than traditional domains?

With the market for cryptocurrencies growing at a significant rate, is it possible for cryptocurrencies to take over?

Well, if there is a chance, there is a long way to go for cryptocurrencies.

Despite the fact that a few six-digit domain sales are important springboards for the market, they are still overshadowed by the amounts spent on traditional “.com” domains. For example, in February 2021, the domain “sushi.com” was purchased for $ 1.9 million by the Future Fund to create the decentralized cryptocurrency exchange SushiSwap. However, this is still significantly less than the highest .com purchase of CarInsurance.com, which sold for as much as $ 49.7 million.

Although some speculators are still optimistic about the market, it may take several years for blockchain domains to be valued at the same price as traditional equivalents.

A major driver will be the adoption and use of the domains, as many browsers such as Google Chrome still do not support the use of .crypto or .eth domains for websites.

With the crypto market continuing to be one of the fastest growing on the planet, the value of everyday cryptocurrencies is likely to continue to increase.