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While America's housing market slumps, sales of domain names, the real estate of the Internet, climbed 60 percent last year. More than 100 reported domain sales exceeded the $100,000 mark in 2007 -- up from 70 the year before. And last May, an adult-themed domain sold for $9.5 million.
This fourth consecutive year of growth shows few signs of slowing, as venture capital and new investors invade the scene.
The surge of new money into the domain market signals a broader acceptance of what many Web entrepreneurs have thought for years: Web companies come and go -- but as long as there's an Internet, there will be value in generic domain names.
This fourth consecutive year of growth shows few signs of slowing, as venture capital and new investors invade the scene.
The surge of new money into the domain market signals a broader acceptance of what many Web entrepreneurs have thought for years: Web companies come and go -- but as long as there's an Internet, there will be value in generic domain names.
