The .xyz top level domain name has become a popular choice for web3 projects. However, most .xyz domains that sell for big bucks do not contain web3 terms.
.xyz domain sales have reached 18 five-figure levels this year as of May. There are mainly one-word domain names like curious.xyz, beem.xyz, and vessel.xyz.
There is only one domain in this list that has a hint of web3 in the second level domain – storyverse.xyz.
Because .xyz is synonymous with web3, adding a web3 term may be redundant in some ways.
However, when it comes to what people hand-register in .xyz, they completely embrace web3 terminology. Last month, these were the most popular words registered in .xyz:
web
art
meta
app
bet
verse
shop
dao
nft
tech
More than half of these terms refer to web3 in some way.
In conclusion, there are two possibilities. The big ticket aftermarket sales are one-word brandables, where people are hand-registering domains with these terms. A domain investor who is looking for a big payday might be registering the wrong kind of domain.