If all new domain name extensions failed, would the domain industry get smaller?

So there has been a lot of talk lately about the challenges that the new domain extensions (new gTLDs as Domainers call them) have had when it comes to investment value. At the same time, hugely successful startups like Data.world and monster companies like Alphabet.xyz have decided to brand around a new domain extension.

At the same time, .COM is literally on fire when it comes to resale value. This month Fly.com sold for $2.8M, Freedom.com sold for $2M and Place.com sold for $550,000. It is absolutely clear that .COM is king and that title isn’t going away anytime soon.

The question is, will all of the new domain extensions crash and burn or will a handful of extensions stand the test of time and become valuable digital real estate. I’m a big believer in the latter. While I do agree with the naysayers in a lot of cases, let’s be honest, there are a bunch of junky new domain extensions that aren’t going anywhere. Still, I find it hard to believe that every new domain name extension is going to fail.

If the harshest critics are right, and all the new domain extensions fail, I think the domain name industry will get smaller. Period. We need new extensions to create more growth and to bring more people into the domain investment market. But that’s just my two cents.

As usual I’d like to hear from you. If all new domain name extensions failed, would the domain industry get smaller? Comment and let your voice be heard!

{ 6 comments… add one }

  • Snoopy May 29, 2017, 11:04 pm

    If the harshest critics are right, and all the new domain extensions fail

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    More biased commentary, who is actually saying this Morgan?

    Reply
  • AbdulBasit Makrani May 30, 2017, 3:06 am

    Not smaller but will get clear of all noises (gTLDs).

    Reply
  • Mark Thorpe May 30, 2017, 6:24 am

    The domain Industry will not get smaller, hopefully just less fragmented.

    A few new gTLDs will survive, but will never come close to the success of .com.
    .Web has the only chance of coming close to .com’s success, but if . Net couldn’t do it, then I don’t think .Web will either.
    But .Web will be #2, ahead of .Net, just because Web is now a more modern term than Net. Plus, domain speculators will be all over the .Web release.

    Reply
  • Peter Rose May 30, 2017, 4:26 pm

    I doubt .NET will ever be #2 ahead of .Net particularly if Mr Shilling has anything to do with it.

    Reply
  • Peter Rose May 30, 2017, 4:28 pm

    I meant to say .Web………not .Net in the opening comment.

    Reply
  • Hans May 31, 2017, 10:00 am

    The domain industry will get smaller. Yes maybe: less registries, less extensions, less revenue.
    The DOMAIN industry is not the same as the DOMAINING industry. Pay attention here.

    The new extensions crashing would not affect it at all at least not in a negative way. The new extensions growing could actually DECREASE the size of the DOMAINING industry since domaining revenues stream would shift to the new domainers(registries) from of the old ones.(individuals)

    Reply

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