🥞 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.

Richard Patey, Director, Investor Community at Flippa

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#domains

Over the last week I bought the .lazy/ top-level domain (TLD) on Handshake for 50K $HNS:

Handshake 🤝 Top Sales @hns_topsales

🔴 .lazy/ Sold for Buy Now price of 50,000 $HNS (8,192 USD) #Lazy #Handshake #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:

.lazy/ TLD 🦁 | patey.eth | richardpatey.crypto @RichardPatey

I own the .lazy TLD on @HNS We work hard to be lazy :) @LazyDomains lazy.domains

Dogus Aydin @dAy16

So funny, @mcuban owns the domain https://t.co/q3EGqjIk0K.

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:

.sats (⧖,⧖) 🤝 @dotsats

we need a secondary marketplace for $hns SLDs

To which the Namecheap CEO replies:

Richard Kirkendall @NamecheapCEO

@dotsats You can expect that to be here at some point

namecheap.comMarket - Namecheap

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.

UD has been building a ton of other features / utility recently such as Login with Unstoppable as a way to log into both web2 and web3 apps, and it is leading the way with integrations.

However, Handshake focuses on what domains have been traditional used for: websites…

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#contentsites

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?

Enter Lume by Derrick Hammer - a suite of tools that acts as the bridge from the existing web2 to web3 internet.

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.

Another option is from HNS Factory who are building out HNS Search (by Andy).

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:

hnsfactory 🤝 @hnsfactory

No search engine without content. That is why we took a break this month from @hnssearch to create #skyfactory👀 An online website creator that lets you create one-page websites and lets you upload them directly to @SkynetLabs We will release V1 at the end of April. 🤝 👉 🧵

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.

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#nfts

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.

Exciting news from an NFT project I do actually hold is the Lazy Lions who are about to drop Lazy Cubs to members, along with a public sale to allow more people into the community:

Ashur 🦁 @AshurNFT

ALPHA: If you own a @LazyLionsNFT, you will be airdropped a drink that you can use to get a Lazy Cub NFT.

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):

Nametag @nametagtweets

Nametag currently has over 25,000 profiles registered, and we have the solution for this. When you connect a Nametag to your Twitter, you are added to our massive Web3 directory — and special badges reflect which NFT projects you own. No more fake apes.

Willy ₿ullish 🍌 @WillyTheDegen

There are 6,400 BAYC holders, yet there are over 100,000 twitter profiles with Bored Ape pfps. Multiple million dollar scams happening daily and twitter just doesn’t care. The hexagon rollout has failed imo. We need something better.

And MetaFabric gives NFT creators the ability to message every single investor of their NFT, what they call ‘a modern MetaNewsletter’.

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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.