Sky-high price! U3.com domain name sold to Web3 Foundation for $880,000

Recently, the domain name U3.com was sold for $880,000 to a Web3 investment fund. The full name of the domain name is Unleashing Web3, which means to create a "user-led Web3 future". It is a global technology investment institution that focuses on cutting-edge technologies such as blockchain, Web3, and AI, and aims to build a user-core Web3 ecosystem. It is regarded as a landmark digital asset investment and research company in the blockchain industry.

According to people familiar with the matter, the acquirer plans to use it for brand strategy upgrades to demonstrate confidence in the future of Web3. This transaction refreshed the short domain name transaction record this quarter, reflecting the continued warming trend of Web3 assets. Industry analysts pointed out that boutique domain names with both semantic value and scarcity are becoming an important strategic resource for institutions to deploy the Web3 ecosystem.