Archive for the ‘Internet Technology’ Category

BitcoinWallet.com Sells For $250,000

In a Tweet and Facebook post by domainer and Bitcoin guru Niko Younts, he announced the sale of BitcoinWallet.com and BitcoinWallets.com for a combined $450,000.

BitcoinWallet (.com) just sold for $250,000 and BitcoinWallets (.com) is pending at $200k. #bitcoin #wallstreet

The sale was just announced on CoinDesk.com and goes into a bit of detail about the buyer Alex Charfen, an entrepreneur, author and motivational speaker. These sales (assuming bitcoinwallets.com sales goes through) will rank #5 and #7 respectively on the DNJournal YTD chart and I believe BitcoinWallet.com is the biggest Bitcoin related sale of all time.

Congrats to Niko Younts, he has been buzzing about Bitcoin and BitcoinWallet.com for quite a while now. It was just 10 days ago in another Facebook post he announced that he announced at the most recent Bitcoin conference that he was seeking strategic partnerships or VC for BitcoinWallet.com.

niko

Are You Ready for gTLD Reveal Day?

Get your popcorn (or pop tarts) ready, it’s Reveal Day and the New gTLD ‘Reveal Day’ Conference begins in a few short hours at 12:00 UTC  in London (8am EST). Here’s your guide to the New gTLD madness going on today:

* ICANN will publish the list of new gTLD applied for strings and applicants here

* Watch the event streaming live via fora.tv on ICANN’s website

* Here’s just a small preview of what you can expect to see today!

Here’s what to expect from ICANN and the gTLD program moving forward beyond today (besides more delays)

*  For all the breaking news on the New gTLD’s Mike Berkens of TheDomains.com is and has been the source, bookmark his page if you want to know what’s up with gTLD’s.

*  A few great reads on New gTLD’s and the domain name industry from this week to get your gTLD juices flowing include Five Predictions By Jeff Ernst for ICANN’s Reveal Day.  Be sure to also check out Paul Sloan’s article on CNET that features Frank Schilling and his new gTLD company, Uniregistry.  If after the CNET article you were confused by Frank’s claim that the .com space is exhausted, Shane’s follow up is must read.  I would definitely suggest reading Rick Schwartz most recent post as well.

 

 

Appraiso Announces Partnership With Protrada

Appraiso, the unique website appraisal tool developed by domain investor Morgan Linton announced its first partnership today.  The website appraisal system is now available to Protrada.com customers who can immediately begin tracking the value of their sites as traffic and revenue continue to grow. This is a fantastic partnership for both parties!

This first strategic partnership will be one of many for Appraiso. It’s been great to watch Morgan’s startup come to fruition over the last year. He, Daina and other project partners have invested unbelievable time and energy building Appraiso into what I believe will be THE standard online website appraisal tool.

Back in March, Morgan happened to be in Denver on the very first day Appraiso launched.  To celebrate he, Mike Awada the AccidentalDomainer and I got together for dinner and drinks.  I could feel the passion and excitement from Morgan as he talked to us about the exciting launch day and shared with us a little more about the vision he has for Appraiso, which was very intriguing!

Back to Appraiso’s the new partnership with Protrada, here’s the press release I just got in my email:

Taking Website Appraisals To The Next Level: Appraiso Announces Protrada As First Partner

In early 2012 an innovative startup in Los Angeles released Appraiso, the first tool to put serious mathematical modeling behind website appraisals. The founders saw a gap in the market and spent a year crunching numbers and building a tool to accurately estimate the price of a developed website. “We saw the opportunity to innovate in one of the fastest growing spaces on the Internet and we went for it,” says Morgan Linton, one of Appraiso’s three founders. Before marketplaces like Flippa, website sales happened underground, scattered across hundreds of forums across the net. With over 31 million dollars in website sales in 2011 alone, Flippa has shown that the market for developed websites is growing, and fast.

Last year another innovative company, Protrada, created an all-in-one platform for buying, selling, and developing domain names. In early 2012 they refined their platform creating a website builder tool that took the platform to the next level making it easy for anyone to build content-rich interactive websites. The tool was an instant success with hundreds of thousands of domains running through Protrada and thousands more coming onboard each day. “We created a platform that allows anyone to build one, two, or ten websites all with a few clicks. Partnering with content providers and allowing for the addition of interactive features without writing a single line of code has greatly contributed to the initial success we have seen,” says Troy Rushton, Protrada’s CEO.

Today Appraiso and Protrada have announced a new partnership making the Appraiso Website Appraisal system available directly from the Protrada platform. “It was an obvious fit for us, thousands of people are building websites with Protrada, now they can find out how much those sites are worth,” say Linton. “This gives Protrada users a way to better understand how the digital real estate they are developing can grow in value over time.”

Protrada users can immediately begin using Appraiso from within the platform to evaluate their current sites as well as track website value on a regular basis. Then, when they are ready to sell, Protrada can seamlessly allow users to list these sites on some of the top domain and website marketplaces on the planet. “Having a valuation benchmark will reduce uncertainty and stimulate transactions, Appraiso is well positioned to become the standard. We are already seeing an increase in web development services as investors seek to unlock the value of their digital assets,” say Rushton about the early results of the integration.

In a world where digital real estate is growing faster than physical real estate both Appraiso and Protrada are positioning themselves to play a critical role in the development and sales of digital assets. “Let’s face it, physical real estate used to be one of the best investments you could make, but those days are over. With the incredible growth of smartphones and rapid adoption of Internet users across the globe, digital real estate is a large and growing market, and we’re looking forward to playing a valuable role in this next phase.” says Linton, “The best part is we are still seeing only the tip of the iceberg, and unlike physical real estate, with digital assets the sky really is the limit!”

Disclosures: Yes, I’m friends with Morgan Linton. Yes, Appraiso is a sponsor of this blog. No, I was not paid to write this post.

Amazon.com Becomes Junglee.com

By: Mike Awada. India is one of the largest, fastest-growing, and most promising economies in the world. With a population of 1.17 billion people, global businesses have been shifting their time, focus and resources to this one time British colony for years. The Indian population is known for being focused, hard-working and intelligent; leading to large contributions to the global economy. It should come as no surprise that within the last week, global retail giant Amazon.com has sought a new way to get in on the action.

Junglee.com was originally started by four Stanford students in 1996. They were providing online database technology helping consumers to find millions of assorted products shortly after Amazon went live doing the same thing in 1995. Amazon must’ve seen quite a bit of promise in the company early on, as they acquired Junglee.com in 1998 for a whopping $200 million.

India already sports the worlds third largest e-commerce market behind the U.S. and China. Indian online sales in 2009 totaled $4 billion USD. The encore to that year was an eye-opening $10 billion in sales in 2010. The move is expected to rival current Indian e-superpower Flipkart.com for the battle of online goods. The sites look very similar, featuring a conservative layout emphasizing the special product offerings. This can be directly attributed to the fact that Flipkart.com was started by two former Amazon employees and IIT Delhi students in 2007.

But why ‘rebrand’ to target a particular population when the Amazon brand is already recognizable worldwide? Is this really a risk worth taking? I think the term ‘Amazon’ strikes a particular chord here in the U.S. because it’s something that as children, we had embedded in our mind. The Amazon was a larger-than-life river and rainforest with exotic creatures and overflowing with mystery. While many Indians are familiar with the Amazon, the term ‘Amazon’ just doesn’t have the same effect there.

‘Junglee’ is term with similar connotations to the Indian people. The term ‘Junglee’ translates to wild or ill-mannered in Hindi, so the message is similar to what Amazon invokes in Americans. Hindi is the most popular of the 100+ languages in India, the primary language of approximately 45% of the population. Junglee was a musical mega-blockbuster movie in India back in 1961. Having been a classic movie and familiar term, Junglee is something, like the word Amazon, that is inherently embedded in the minds of the masses, which is good for brand recognition.

Some might argue that this new brand is a blown opportunity to expand their Amazon brand on a global scale. I actually think this is a brilliant move, one that will simultaneously boost the original brand by including the Amazon logo throughout the site. Junglee.com will not only offer local specialized goods, but access to Amazon’s global database of products that essentially includes anything one could ever want.

I believe this move has huge implications for the ongoing ‘globalization of the internet’, and we could continue to see many new brands emerge from mega-companies for various regions in the world. This is a big reason why I like to take fliers on 5-8 letter brandable.com’s, especially ones with interesting meanings outside of the United States. Technology has torn down many barriers to entry for multinational corporations, and the constantly evolving nature of the internet and it’s increasingly amazing capabilities will have fascinating implications on a global scale.

What are you feelings on this move for Amazon? Have you noticed companies taking similar risks, or even stretching this idea a step further? What are the implications for global business, and the rapidly expanding world of domains?

Mind Reading Technology: What Does This Mean for the Web?

By: Mike Awada. If you haven’t heard the amazing news today, scientists have discovered how to tap into electrical signals in the brain, and decode these signals into words.

“By looking only at maps of electrical activity in the human brain, scientists were able to tell which words a person was listening to. The discovery is a major step toward being able to “hear” the thoughts of people who can’t speak.”

Scientists studied patients with epilepsy or brain tumors, and had electrodes attached to the surface of their brains. They had participants listen to about 50 different sounds in the form of words and sentences, both real and fake, such as “jazz,” “peace,” “Waldo,” “fook’ and “nim.”

“After mapping out the brain’s electrical responses to each sound, the research team found that they could predict which of two sounds from the study set the brain was responding to, and they could do it with about 90 percent accuracy.”

While this is fantastic news for those incapable of communicating verbally, this also has some big implications for the domain industry, and the internet as a whole.

No longer will we have to manually type in lists of thousands of words, only to discover that they have all already been registered.

No longer will we wonder “What this hell is this guy thinking asking $XXXX for TunisianBobsledSeatCovers.org?”

No longer will Google have to subtly monitor our search habits to compile a profile to provide us with targeted ads, they can just listen in!

What implications do you see this technology having for online consumers, domainers, and casual internet users as a whole?

Compare cell phone plans and deals | Thanks to Best CD Rates, Conveyancing in London and Registry Software
NameTalent.com Terms of Service and Privacy Policy