$48m Domain Predictions with Minds + Machines

Great news for Minds + Machines shareholders – the group who has got into ownership 20 new gTLDs will start partnering on another four one, out of which 13 of them received 46 501 registrations at the moment of this update. A significant number of requests were for .work domain with 20 605 as compared to less than 10 000 for the others, while the most important development was recorded for .london with 62 143 registrations. All in all, Machines’s portfolio now includes over 63,000 registrations since the beginning of the current year.

The future strategy of the company now focuses on private auctions on contested domains about which they predict they can finally get to ICANN’s decision in the end if issues are not solved otherwise.

Predictions go further to anticipate an increase in registration revenues in the second part of the year based on the already announced domains launching such as .law and .abogado, domains renewals and the development of their Premium Name module.

Dwelling on the group’s current marketing results, CEO of Mind + Machines ANtony Van Couvering concludes:

“We believe the Group is strongly positioned to compete in the remaining auction rounds. We are encouraged by the Group’s ability to have grown its cash reserves since 31 December whilst completing seven top-level domain launches during that period. Our focus is now on the successful commercialisation of those domains already launched and the phased launch programme for our remaining domains to maximise the penetration of each in their given markets.”

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