Today, Escrow.com unveiled some exclusive platform data showcasing the foremost domain name trends in 2023. The fresh data delves into critical elements such as favored top-level domains (TLDs), average prices, and distinctive trends witnessed throughout the year.
Key Highlights of 2023:
Escrow.com facilitated over 8,500 domain transactions, totaling a value exceeding $300 million USD. The average price for a domain name on the platform was $35,455 USD.
Emerging Trends and Popular TLDs:
As expected, the .com TLD maintains its dominance, with .ai and .io following suit. Notably, there’s a remarkable 210% surge in .ai domains, fueled by the rising wave of generative AI technology. On the other hand, .io domains witnessed a 16% decline from 2022, slipping to the third position.
Additional Insights:
In 2023, there were transactions involving 226 unique TLDs, showing a slight decrease (-6%) from 2022. The lengthiest domain name of the year comprised 32 letters. Among the longest TLDs, notable examples include .associates, .foundation, .properties, and .technology, each spanning 10 letters.
A Word from Escrow.com Chief Executive:
Matt Barrie shared:
“While we didn’t see venture capital funding return at the levels it was in 2021- VC funding is a driver of domain activity- we did see strong interest in artificial intelligence related domains. Interest in .ai domains surged this year as businesses started rushing to cement their names in this space and we had marquee sales of names like prompt.com and chat.com. We expect this trend to continue in 2024 and we’re likely to see a new wave of venture funding pouring into AI startups, which we believe will set new records for prices.”
Thanks for sharing. AI is the future..For sure.