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- 🫰 Retiring from Subdomains?
🫰 Retiring from Subdomains?
This week I discuss selling .eth subdomains, non-accredited opportunities in websites, and the launch of Opensea Pro
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Hey there 👋,
In this week’s newsletter, I discuss:
Opportunities from selling .eth subdomains
WebStreet opens up to non-accredited investors
Gem goes Pro and offers free NFT to users
Learn how to launch, monetize and scale editorial newsletters in my product The Newsletter Is The Business.
I cover sponsorships, funnels, platforms, segmentation and a lot more. Check it out and get get $50 off using the code DAI50.
And if you make it down to the bottom of the email there’s a new poll where you can tell me how great or how much this newsletter sucked :)
Cheers!
Richard Patey - @richardpatey
INVESTING IN DOMAINS
🎁 ENS Name Wrappers
In a previous newsletter, I talked about selling SLDs on Handshake TLDs, i.e. the name to the left of the dot, such as the beehiiv in beehiiv.com.
Now we will soon have the ability to sell subdomains (third level domains) such as the invest in my invest.beehiiv.com, on ENS (Ethereum Name Service).
Crystal Zurn in the latest ENS HQ newsletter had an excellent write up of the opportunity, but to summarize, all current .eth domains are ERC-721 tokens (which most NFTs are). In 2 days time you will have the ability to wrap your domain for an an ERC-1155 token (which most NFT editions are such as the current Nifty Portal).
You will then be able to create other ERC-1155 NFTs for subdomains that you create. For example I could manually create richard.patey.eth and so on.
But in the Deep Dive into the ENS Name Wrapper on Mirror it mentions the ability to create a subname registrar where customers will be able to register their own subnames.
As such, you will be able to sell subdomains of your .eth names, which can be traded on marketplaces such as Opensea. I wonder if these subdomains will be within the existing ENS collection where there are currently 2.7M items.
If so, the number of .eth NFTs is about to explode.
I’m happy to continue to wait to sell my regular second level Lazy Domains with Namebase, but the ENS community is excited:
ENS name wrapper could retire you.
Subdomain potential is limitless.
Have a sought after domain? You could reap life changing passive income.
Example:
200,000 OnlyFans users decide to use the only.eth domain. Charge each one $10/yr and that’s an extra $2,000,000 in revenue.
— 226.eth (@226ETH_)
3:02 AM • Mar 24, 2023
Huge opportunity for those who want to be first with a quality name. I'm personally not wrapping any of mine. Gonna give it 6 months to see how it all plays out 🫡
— 199.eth (@199eth)
6:06 PM • Apr 4, 2023
I said two weeks ago that I was waiting for an entry to buy 4 digit (10K Club) ENS domains. Well since then .eth domains have continued to drop from 0.8ETH down to 0.6ETH as renewals are about to hit. I’m looking forward to seeing how low these will go before picking one up.
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INVESTING IN ONLINE BUSINESS
💵 WebStreet Round 5 on Wefunder
WebStreet launched their first crowdfunding investment opportunity, meaning that non accredited investors can now own shares of online businesses.
It’s a $1K minimum investment, with the average deal size coming in just shy of $6K so far:
Whilst this new investment option is not yet open to the public, WebStreet are accepting reservations from investors who have expressed interest previously.
Check out the Wefunder page for more details.
Looking to sell your micro-startup or side project?
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INVESTING IN NFTS
Gem, the platform that Opensea acquired almost a year ago, has rebranded as OpenSea Pro, and based on the dark UI it looks to be taking on Blur:
Allow us to reintroduce ourselves 📣
Starting today, Gem V2, the best-in-class NFT aggregator, is now OpenSea Pro!
💎➡️⛵️
OpenSea Pro will still be run by the same Gem team you know & love, but with unified brands we are able to offer users MUCH more
Let's dive in 👇🏽🧵 http
— OpenSea Pro (@openseapro)
6:08 PM • Apr 4, 2023
If you used the platform before the end of last month you qualify for a free NFT mint of Gemesis:
As a gesture of appreciation to the Gem community of users: If you used Gem before March 31 '23, you’re eligible to claim the ‘Gemesis’ NFT, which can be minted directly on OpenSea, as a special thank you for your support 💎
We will share the mint page once it's live later today
— OpenSea Pro (@openseapro)
6:08 PM • Apr 4, 2023
I just claimed mine where the collection currently has a 0.042ETH floor, but big players don’t care about a free NFT, they just want Opensea to launch their own token:
Should I mint my Gemesis nft?
Should I use Opensea Pro?
I just want $SEA tokens. Is that too much to ask?
— Machi Big Brother (@machibigbrother)
2:43 PM • Apr 5, 2023
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Ok, that’s it from me, until next week, be well and share this newsletter to get my referral rewards:
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Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only. This newsletter is monetized through sponsorship and affiliate revenue.
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