Earlier in May, the new gTLD for the art community, .art, became generally available. In the first 24 hours alone, 3K domains were registered via registrars Instra, GoDaddy, Tucows and United-domains.
Statistics reveal that 95% of the sold domains were names of people and organizations while the rest were from the .art word inventory. The standard price was $15. The .art inventory domains were priced individually by a mathematical algorithm. Thus, sales on the first day amounted to $150,000.
The first sold .art domain was happyart.art while the most expensive was mylove.art which claimed $ 9,000. About 500 .art domain names were donated to art students and culture institutions.
During the preferred access period, about 2,500 .art domains were registered for the total amount of $600,000.
Many expect the introduction of .art to attract more customers from the industry to using memorable domain names to enhance their online presence.
To learn more about domain sales, visit <Neustar Auctions Fashion Related .nyc Premium Domains during Fashion Week>, and <GoDaddy Will Increase .Net Domain Prices>.
To understand new domain extensions (new gTLDs) better, visit <What you Need to Know about New Domain Extensions>.
To perform domain checks, go to <Domainlex Can Now Offer Free Limited Reverse Search!>.