Russia.com sold for $ 1.5 Million

Sedo Geo Domain Sales: Russia.com sold for $ 1.5 Million

This is the Information age and in the Information age, the new asset class is the Domain Names. Yes, Domain Names are the real estate of the Internet. Just like Real world real estate, Domain Names also appreciate in its price.

The only difference between real world real estate and Domain Names is that, Domain Names are Digital in form. They are Virtual so you can’t see it. But it doesn’t mean that they don’t have Value.

Recently Russia.com sold on Sedo’s Marketplace for literally $ 1.5 Million which is the second largest Geo Domain Sale in the year 2009. The largest Geo Domain Sale was Korea.com which sold for $ 5 Million in 2000.

Geo Domains are in very high demand because of their unique nature. Traditionally Geo Domains have been purchased by,

- Media Companies &
- Tourism Board

Thus, Geo Assets are one of the most valuable assets on the Internet. And there is a great scope for developing geo domains.

The Future -

In the Future, Just imagine that what will happen if a High School going kid owns a more valuable web property (Domain Names) which is more valuable than the Real Estate or Rental property owned by a Doctor?

This is quiet possible. You can never imagine that even a school going kid can own an Asset in his/her school life which can be worth of literally Millions of Dollars. This is the advantage and the future of the Information Age Kids.