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Presenting... Alts by Flippa
Alts Cafe has been acquired by Flippa, the #1 marketplace for buying and selling online businesses, and I’ve been acqui-hired. Plus a one-man microsaas selling $700 NFTs and buying more crypto domains
I have some exciting news to share.
Alts Cafe has been acquired by Flippa, the #1 marketplace for buying and selling online businesses, and I’ve been acqui-hired.
After raising an $11M series A, Flippa is now in its phase 2 stage, where it’s looking to offer subject matter experts to its community, such as in alternative investments, and ultimately widen its digital asset offering.
You will see that we have rebranded as Alts by Flippa which you can expect will fast become the biggest alternative asset investment community.
We will be adding channels in the Discord community for investors interested in acquiring ecommerce / FBA, apps, and all other alt assets on the Flippa marketplace.
And we will be adding a private area in the community where we drop online businesses before they hit the marketplace.
In this week’s newsletter I discuss:
A microsaas founder selling NFT memberships for $700 a pop
Buying .eth and .crypto domains
More asset classes for Flippa (and the community)
Remember, every heading is a channel in the Discord - come join (soon to be thousands of) us.
Director, Investor Community at Flippa
ps here’s the blog post on why I joined Flippa
#domains #nfts #microsaas
It’s always good to be able to combine topics/asset classes, it’s what makes this space so innovative and interesting.
Selling an NFT membership where you set the price and scarcity is so genius.
For every sale, the founder/developer AOX currently gets ~ 0.25ETH ($700). He has set the total number of NFTs, and therefore customers to 500, which would generate $350,000 USD at current ETH prices.
And listing prices will likely rise over time as the supply shrinks.
Not bad for a one-man microsaas!
Plus he can also get a % of secondary NFT trading fees (not sure if he does, I’ve not tried to list/sell yet, but I would) for additional income.
But the best thing is that a user can buy a membership and if they feel they have got everything out of the software, they can sell and likely get all their money back plus more if prices have risen.
So what did I do with ENS.Tools?
First names are also desirable, or any kind of crypto, gambling or finance-related terms
So first up, I filtered by starts with ‘crypto’ and chose dictionary words to find two-word .eth domains that were available:
Which generated this kind of thing:
I then chose the human name filters to find any great remaining first names:
But ultimately I used the four-letter words filter below which came up with a lot of solid options:
I have it listed for 9.69ETH which is around $25K to try to price anchor offers in the five-figure USD range (as have no desire to sell for less):
The alternative to ENS domains is Unstoppable Domains who sell .crypto, .bitcoin, .nft and a number of other extensions.
I find that it’s a great validation when you’re considering an .eth domain if the corresponding blue-chip .crypto domain is already taken as was in this case:
The great thing with Unstoppable domains is that you don't have to worry about renewal fees as you own the NFT domains, whereas .eth domains can lapse if you forget to renew. Also the Chief Revenue Officer of Unstoppable is the co-founder of Flippa, Matt Mickiewicz who also has a Lazy Lion as his twitter PFP.
To buy my first Unstoppable domain, I went to Opensea, filtered by buy now, up to 0.1ETH and selected recently sold in the dropdown - here is the search string. I wanted validation that at least one other person saw value in the name by buying it after it had been minted.
I found and purchased vipdomains.crypto which I’ve now listed:
I also minted my own name richardpatey.crypto to use as my web3 profile:
Unstoppable Domains can verify your Twitter profile so you can prove your digital identity.
And they enable you to create websites using templates on your domain, and even use an NFT that you own as your domain's image which shows up in opensea, such as one of my Lazy Lions:
And to show how connected this whole space is, Unstoppable recently interviewed the Lazy Lions co-founder Ashur on its blog!
I’m definitely going to be looking more into investing in NFT domains.
#newsletters #podcasts & #more
When I was writing the Website Investing substack back in the day (now the investing.io newsletter & community) I used to find all the best online business deals by having to look through all the different niche marketplaces. Some were focused on buying and selling newsletters, others were dedicated to social media accounts.
However, since joining, I’ve realized that the Flippa marketplace lets sellers list a whole range of other digital assets beyond content sites, e-commerce, saas, apps and domains:
As such, expect to see more channels opening up in the Discord community over time!
Ok that’s it for this week.
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Director, Investor Community at Flippa
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.