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Monaco Purchases Valued at Least $5M, Possibly Priciest Crypto Domain Name in History

Monaco Purchases Valued at Least $5M, Possibly Priciest Crypto Domain Name in History

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Cryptocurrency payments company Monaco has purchased the highly-coveted domain name for an undisclosed amount of money. Domain name selling expert Niko Younts says that is worth between USD 5 million and USD 10 million, possibly making this the largest crypto-related domain name purchase in history.

Other examples of extremely expensive crypto domain name purchases are which sold for USD 2 million, which sold for USD 1.1 million, and which sold for USD 1 million. has an asking price of USD 10 million, and is on sale for USD 3.45 million. As of now though, it would seem is the most expensive crypto-related domain name purchase in history based on expert analysis, although this can’t be confirmed since Monaco hasn’t disclosed how much it spent on the domain. was registered in 1993 by Matt Blaze, a professor at the University of Pennsylvania who is on the board of directors of the Tor project, which is an anonymous and cryptographically secure platform for surfing the internet. This domain was purchased 16 years before the genesis block of Bitcoin.

Matt Blaze actually did not want to sell despite numerous offers in the past. In September 2017 and January 2018, he posted on Twitter that he was not considering offers for The CEO of Monaco, Kris Marszalek, says the deal wasn’t about money for Matt Blaze, or would’ve been sold a long time ago.

Monaco offers Visa-branded cryptocurrency debit cards. These cards are connected to a cryptocurrency wallet that can hold several different cryptocurrencies, and these cryptocurrencies can instantly be converted to fiat at market rate when withdrawing cash from an ATM or making a purchase from a store.

Since these debit cards are backed by Visa, they are accepted almost everywhere. This is seen to be beneficial for the global spread of cryptocurrency, and is much more efficient and cost-effective than cryptocurrency ATMs which charge high fees. In fact, some of the Monaco crypto debit cards offer cash back from 1% to 2%.

Monaco has a native cryptocurrency, MCO, which is quite active with daily trade volume in excess of USD 20 million and a market cap of USD 138 million, indicating that the use of Monaco’s platform is already becoming widespread.


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