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🥞 Decentralized Website Flipping?
Who will be the first to flip a decentralized website on Flippa?
Hey there, in this week’s Alts by Flippa newsletter I discuss:
Buying a premium Handshake top-level domain
Building out decentralized websites
The expanding NFT market
Remember, every heading in this newsletter is a channel in the Discord - come join over 800 of us.
Over the last week I bought the .lazy/ top-level domain (TLD) on Handshake for 50K $HNS:
I tried making lower offers in $HNS in the Namebase dashboard but I was not receiving any counter-offers. I then read this post in the Namer Community discord about how making an offer could actually make the current TLD realize the true value and hike their price!
So I stopped messing around and bought it for the buy-it-now price.
I invested $8K USD into this TLD as it looks like a solid risk to reward to me. I think there’s a good chance I can get a 10x offer from someone within the next couple of years. Lazy is a popular term in crypto after all:
Or I can sell enough Lazy Domains second-level domains (SLDs), i.e. be.lazy, stay.lazy etc and net say $10 a pop, to generate significant annual recurring revenue, or at least make my money back.
I mentioned in last week’s newsletter of the opportunity of selling your own HNS domains on Namecheap. The next step is then enabling liquidity to your customers through a secondary marketplace, as .sats tweeted:
To which the Namecheap CEO replies:
The buying and selling of Handshake SLDs on Namecheap (and other marketplaces) will be awesome.
Ok but what is the whole point of this, you may be asking? Once you buy your decentralized domain, what do you do with it?
Most alternatives to HNS, such as ENS (.eth domains) or Unstoppable Domains (UD) started with the utility of using these NFTs as crypto addresses to send money to.
For example, when I was heavy working within media DAOs such as Bankless DAO and Forefront last year (before joining Flippa), I would get paid in their native crypto tokens by giving my patey.eth address.
However, Handshake focuses on what domains have been traditional used for: websites…
Handshake allows DNS record types to be stored on-chain. This is the dashboard within Namebase where you can use their own nameservers:
Ok great, but how to create decentralized websites?
It’s designed to solve web3 DNS in a decentralized way, which means unifying DNS protocols for end users.
And it’s creating a universal, general-purpose filesystem to store web2 data and apps onto web3.
As such, it’s all about closing the gap between web2 and web3. (And it’s all HNS community funded, which you can donate to here).
The Lume site states why a decentralized website is important:
If you want a website, it is not difficult to create one. There are websites like GoDaddy.com, Webs.com, Squarespace.com, and Wix.com that make it easy for you to quickly create a website with many features.
However, if you use one of these tools, your content is completely at the mercy of your host. If they decide that something you make is offensive or illegal, your account can be suspended or your data can be removed. On the other hand, if you make a website that is completely under your control, you don’t have to worry about the threatening actions of providers.
With Lume’s software, you are your own provider. You just connect to the internet, save your site on your computer in the live folder, and your website goes live on the internet. That’s it! As long as the internet still exists, your website will exist.
HNS Search is:
Your window into the dweb (not web3); indexing the New Internet one name at a time.
And every search engine needs content, so they are soon to be launching a website creator:
For now, decentralized websites are more seen as a backup, but I really don’t think it will be long before we see the first decentralized website listed on Flippa.
NFTs are heating up again, as can be seen in The Nifty index:
The most dramatic example for me is Kevin Rose’s Proof Collective. I almost tried to mint this over Christmas but the Dutch auction starting at 5ETH was just a bit too rich for me. But you (i.e. me) could have soon after picked one up on the secondary market for 2ETH / $6K USD. Today it’s selling for 50ETH or $170K!
So it’s great to hear that Kevin is expanding from the 1000 original NFTs by launching Moonbirds next month - a 10K PFP collection with a lot of added benefits you get by ‘nesting’ your token. You can find out more on his podcast:
Another one I almost got into (!) was the original Veefriends, but Gary Vee is soon to be launching Season 2, expanding from the original 10K to 55K NFTs. He’s also just airdropped VeeCon 2022 Ticket NFTs which are currently selling on the secondary market for 1.8ETH. These NFTs are going to act as a collectible in itself and are currently in ‘pre-reveal’ mode before the artwork is announced next month.
If, like me, you’re still waiting for Twitter NFT verification (part of Twitter Blue Labs) to be rolled out in your location, you can always use Nametag to display your NFTs on your Twitter profile (by installing the chrome extension):
And MetaFabric gives NFT creators the ability to message every single investor of their NFT, what they call ‘a modern MetaNewsletter’.
Ok that’s it for this week. If you’re reading this on the web and you’re not yet subscribed just hit the button below.
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Alts by Flippa is owned by Flippa. Nothing in this email is financial advice and we are not professional investment advisers. We send weekly updates on what we're doing personally - consider it informational and for entertainment purposes only.