ICANN’s recent budgetary cuts for 2018 might have to be readjusted, all thanks to the massive sale of the domain Home.Loans by Donuts, Inc.
The new gTLD registry announced that it brokered the sale of Home.Loans for $500,000 dollars, or about 44.75 BTC at going rates.
Citing new metrics arriving from the new gTLD market, ICANN representatives stated:
“As long as capable gTLD operators, such as Donuts, continue to achieve such massive, premium domain sales, we remain optimistic about the longevity of the gTLD program.”
Following the Home.Loans sale announcement, ICANN scratched the previous report, more than doubling its 2018 revenue forecast from the gTLD program, to $9.3 million dollars in transaction fees.
Donuts, Inc., co-founder, Paul Stahura, mentioned that the premium domain Home.Loans is going to a capable home, and it was paid for in cash.
“This isn’t some guy who mortgaged their home to buy Bitcoin, it’s real fiat money spent on a solid business that will continue to bloom, despite tariffs imposed on Canadian timber by the Trump administration. Home.Loans is the ultimate destination for home loans.”
By selling Home.Loans for $500,000 dollars, Donuts reduced its premium domain inventory to only 1.2 million domains, and remains optimistic for the upcoming 2020s.
The domain HomeLoans.com is owned by Wells Fargo, not the most popular bank in the US.
Update: the $500,000 USD sale of Home.Loans is now worth 44.4 Bitcoin.
