2 min to read
Elite Digital Real Estate: 4 Single-Letter Handshake Names Go For Auction
The Happening continues to happen
Unique Single-Letter Handshake Auctions
A notable event in the Handshake domain space occurred shortly after the so-called “The Happening”. Four single-letter domains were not renewed and subsequently entered into an auction. Single-letter domains are exceptionally rare and valuable, and this is especially true within the Handshake ecosystem for several reasons:
- Limited Supply: The English alphabet consists of only 26 letters, creating a natural scarcity for single-letter domains
- Memorability and Branding: Single-letter domains are incredibly easy to remember, making them extremely valuable for branding purposes
- Investment and Speculation: Due to their rarity and desirability, single-letter domains are often viewed as investments.
- Digital Flex: Owning a single-letter domain through Handshake can be seen as holding a prime piece of digital real estate. Similar to prestigious .com domains, single-letter Handshake domains can serve as a status symbol
The letters auctioned were:
.h/.m/.q/.b/
Auction Results
Data about the results are taken from [1] and [2].
Highest Auction Results (in HNS, ETH, and USD)
| Name | Sold for HNS | Sold for ETH | Sold for USD |
|---|---|---|---|
.h/ |
4,000,000 | 23.56 | 82,705.02 |
.m/ |
2,000,000 | 11.78 | 41,352.51 |
.q/ |
1,337,000 | 7.88 | 27,644.15 |
.b/ |
1,337,000 | 7.88 | 27,644.15 |
Note: Highest auction results listed above.
Highest Individual Bids (in HNS)
| Name | Highest Bid HNS |
|---|---|
.h/ |
4,000,021 |
.h/ |
4,000,000 |
.m/ |
2,000,022 |
.h/ |
2,000,000 |
.m/ |
2,000,000 |
.b/ |
1,800,021 |
.q/ |
1,500,000 |
.m/ |
1,337,000 |
.h/ |
1,337,000 |
.q/ |
1,337,000 |
.b/ |
1,337,000 |
.b/ |
1,000,000 |
Highest individual bids detailed above.
The identities of the auction winners remain undisclosed.
Conclusion
Why are single-letter domains so rare and valuable? They are high-value because there are only 26 single letters in the English alphabet. In Web2, there are only three single-letter .com domains (q.com, x.com, and z.com). Owning one of these single-letter domains in Handshake represents a significant digital asset and a status symbol in the digital realm.
Comments