BULLISH.COM sold for $1,080,000 last November at Best Web. Today Bloomberg published a piece on how the million dollar domain name will be used.
It will be a crypto exchange. Bullish will offer institutional and retail investors market making, lending and portfolio management services without use of intermediaries like banks.
From the article:
Bullish, as the exchange will be known, is being capitalized by Block.one with about $10 billion in digital assets and cash. That seeding for Bullish Global includes 164,000 Bitcoins valued at around $9.7 billion, $100 million in cash and 20 million EOS tokens, which power Block.one transactions. A funding round raised another $300 million, Block.one said in a statement Tuesday.
You can read the full story on Bloomberg (Tip of the cap to AEProgram)
These guys have plenty of money. $1m for a domain name was a cup of coffee for them. Will be interesting to see how their exchange differs from their competitors and see how successful they are in the future. If they also invested in ETH then they will be doing OK from that also.
Taking aim at CoinBase dotcom ?
More like bull something ;-).
Great domain sale, you just know the market is due for a spanking at this late stage hyper spike. The Biden bounce and at this rate the coming bust.
Hello Raymond,
So they put up 100 mil. Cash? According to who ? Once they see what happens to coinbase, they will be choking on their own spit. This is a prime example of Speculative froth at market tops. We are hugely sceptical . JAS 5/12/2021
Gratefully and respectfully , Jeff Schneider. (CONTACT GROUP) Metal Tiger