Radix Announces Largest Domain Name Sale With casino.online

Radix, the portfolio registry behind 9+ popular new domain extensions, announced the sale of casino.online to an anonymous buyer for $ 201,250 in an all-cash deal. The sale came through Sedo, the world's largest domain marketplace and monetization provider. At $201,250, this is the highest price paid for a single domain in a new domain extension, thus exceeding any previous domain name sale amongst all the other new domain extensions. Launched in August 2015, .ONLINE has some popular websites to its credit such as http://www.tnw.online, http://www.lending.online, http://www.geeks.online, http://www.sportwetten.online amongst others. 'casinoonline' is the 4th most expensive keyword in UK. Thus, owning an exact-match keyword like casino will give a marketing edge and create brand recognition to any company operating in that space.

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While there have been instances of a premium new domain extensions being sold for a deal value of 100k+ through partnerships between the registry and client, this is a sale where an all-cash payment has been made upfront at the time of acquiring the domain. For Radix, this is a valuable business milestone. Speaking about the sale, Sandeep Ramchandani, VP - Business Head, Radix, said, "This sale validates the global potential of our domain extensions owing to their top-notch quality and usability. As brands increasingly choose new domain extensions for innovative branding of their web address, their valuation is going higher with each passing year."

Sedo, the leading domain trading platform through which casino.online was sold, said that the sale supports the trend of top sales and higher prices for quality new domain names, a market that is challenging to gain the general public's understanding and adoption. Tobias Flaitz, CEO, Sedo, added, "We believe five and even six-figure sales in this category should continue to be on the rise as Sedo supports Registries with a full suite of marketing and sales activities; helping to grow awareness for premium domains."

Radix owns various extensions such as .TECH, .WEBSITE, .STORE, .SPACE and .FUN; which is currently in the Sunrise phase. Specific brand-extensions or extensions for a niche vertical have a limited market but generic domain names such as .ONLINE or .WEBSITE have much wider usability, thus indicating that not all domain extensions are made equal. On the other hand, TLDs such as .TECH and .STORE have seen massive organic adoption owing to their direct relevance to technology and e-commerce sectors respectively.

Performance Stats: .ONLINE 

• No. 1 in awareness : .ONLINE ranks No. 1 in customer awareness in Europe and countries like Germany, France and Poland vs. all other new domains (based on a survey conducted by ICANN). .ONLINE is No. 3 in awareness globally.
• No. 1 in usage:  
  • .ONLINE has the most number of domains in the global Alexa 1 million most visited sites in the world vs. all other new domains
  • .ONLINE also has the highest number of sites that are SSL enabled vs. every other new domain out there
• Fastest growing: .ONLINE has been consistently amongst the fastest growing new domains and is the 8th largest new domain with 660,000+ domains registered
• Common keyword: Over 45,000 domains registered in 2016 end in the word 'online' which shows customers intuitively chose online

About Radix:  

Radix (Radix FZC) is one of the most successful new domains operators globally and Asia's largest new gTLD (generic Top Level Domains) applicant to ICANN. Radix has secured registry rights to .STORE, .SITE, .ONLINE, .TECH, .WEBSITE, .PRESS, .SPACE, .IN.NET, .PW - the professional web and .FUN. Having invested over $30 million in securing licenses to operate various new extensions, Radix plays a large role in the global diversification of the internet namespace.

About Sedo: 

Sedo, headquartered in Cologne and Boston (USA), is the world's leading domain trading platform with 2 million customers and 18 million domains listed for sale. Sedo offers buyers and sellers a full suite of domain-related services, such as domain parking, appraisals, transfers as well as marketing and promotional activities.

For more details, get in touch with:
Swati Maheshwari
PR & Communication Manager
Radix
[email protected]
+91-9004693309

http://www.radix.website

SOURCE Radix