GoDaddy launches .xyz domain auction
GoDaddy, the world's largest domain registrar, has recently introduced new domain extensions to its auction platform, including .xyz, .vip and .io . This means that domain investors can now bid on expired .xyz domains that were previously registered by other users.
According to GoDaddy, .xyz is one of the most popular new domain extensions, with over 3 million registrations worldwide. It is also widely used by startups, celebrities and influencers, such as Google's Alphabet (abc.xyz), rapper Lil Uzi Vert (liluzi.xyz) and social media star Logan Paul (loganpaul.xyz).
However, not everyone is convinced that .xyz has the same investment value as .com, which is still the undisputed king of domains. Some critics argue that .xyz is too generic and lacks branding potential, while others point out that .xyz domains are often sold at very low prices or given away for free, which dilutes their value and reputation.
So, is GoDaddy's launch of .xyz domain auction a way to cut investors' leeks? The answer may depend on your perspective and strategy. If you are looking for short-term profits or flipping domains quickly, you may find it hard to compete with the low prices and high supply of .xyz domains. However, if you are looking for long-term value or building a brand with a catchy and memorable name, you may discover some hidden gems in the .xyz domain space.