how much for do.ge?
For a unique, iconic, 1-of-1 name like do.ge, there is no easy way to establish value.
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Part of the idea for the Dogemain drop is to create a floating liquidity pool that might help clarify the market value (and to also give back to the community).
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So, ultimately, the auction will determine what the value is, but some things we've thought about:
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* DNS is the OG of distributed consensus - long before blockchains, the Domain Name System (DNS) has been operating as globally distributed ledger at the core of the modern internet. Whoever owns "do.ge" controls the globally-agreed upon entry for the name. It's as close to owning the doge meme as exists.
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* Dogecoin is a $13B asset - It's estimated there are 4.8million unique dogecoin holders. Dogecoin's value is highly leveraged off its community and brand. We believe that do.ge can amplify both.
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* OwnTheDog NFT - The NFT-ification of iconic doge images holds a market value of ~$20M. This reflects the strong market demand for iconic assets related to doge.
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* Iconic domains are very valuable - There's a long and established track record for investment in domain names. Especially short, top-tier names with no alternatives.
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* Doge isn't a company, it's a sovereign meme - Many of the existing domain extensions are misfits for a meme like doge. It's transcendent of the confines imposed by a .com or .org. The do.ge name is thus best suited for the meme as a whole.
A sovereign internet domain for a sovereign meme.
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* Utility - Unlike an image NFT, do.ge has utility.
- The name can obviously be used as a brand for any doge-related business.
- My original idea was to sell web3 subdomains for use as censorship-resistant wallet addresses, so people could send me dogecoin to: Alice.do.ge (more details).
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Ultimately, The Auction will determine the commercial value for do.ge - of course, none of this is financial advice :)
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