Impervious, Unstoppable & IndieScammers

Hey there 👋,

In this week’s Alts by Flippa newsletter I discuss:

  • The clash of alternative web3 TLDs
  • Don’t fall for SaaS IndieScammers
  • Shopify invests in Klaviyo and the platform problem
  • NFT volume stalling, blue chip floors down

Every heading is a discussion channel in the Alts by Flippa discord community – come join over 1600 of us.


#domains

Flippa Featured Domains

1stop.nft | lahomes.io | epichomes.io

DentistAppointments.com | Tires.biz

carefulmedia.com | asia.info | knifi.com

It’s been a big week in the world of web3 domains.

Last week (post on Substack) I discussed how Impervious had launched it’s Decentralized Registry where you can stake your Handshake TLDs (locking them up forever) so you can sell decentralized SLDs.

They’ve just deployed a new version:

I was considering doing this, but the forever part (which needs to be in place otherwise you can rug your SLD owners) was a bit too much for me, seeing as I spent 50K $HNS ($8K at the time) buying a premium one word .lazy/ TLD (Lazy Domains). I really want to not only recoup this investment, but create a cashflowing asset which is currently only possible by renting SLDs at the Namebase Registry, that can be sold on Namecheap.

I had decided that this was the path for me, but then though Aaron Oxborrow just released a proposal for Handshake Decentralized SLDs:

This has me thinking should I wait for this to become a reality, as it offers awesome benefits to Handshake TLD owners:

  • TLD owners get full control of pricing and distribution methods
  • TLD owners can benefit from sales by traditional registrars
  • TLD owners get recurring SLD fees streamed directly to their wallet
  • TLD owners can configure SLD aftermarket royalties using EIP-2981
  • TLD owners do not have to lock their TLDs forever, preventing upgrades

However, I feel I need to start selling / marketing my .lazy domain sooner than later, to claim exclusive rights to the name, in case there’s ever a dispute…

Unstoppable Domains (UD) just announced it has reached unicorn status ($1B valuation) due to a $65M series A round.

I’m a fan of UD and own a couple of their .crypto NFT domains. It’s clear they are leading in app integrations / use cases.

So it was a shock to see Andrew Allemann at Domain Name Wire report that a Handshake registrar appears to have shut down in face of a lawsuit from UD.

In the article it states that Gateway.io (where I purchased my patey.c domain – Clay Collins owns the c/ TLD) appears to have shut down as it is unable to pay the legal fees necessary to fight the lawsuit:

Unstoppable Domains sued Gateway.io and its owner, James Stevens, for offering second level .wallet domains under a Handshake top level domain name. Unstoppable offers a competing .wallet address on its own blockchain-based naming system. The company claims that the first company to begin offering second level domains on a blockchain top level domain should have exclusive rights to the name.

As such, I’m likely now going to be spinning up a new company to sign the staking agreement with Namebase, unless a billionaire shark is interested:

#SaaS

Reilly Chase just dropped a twitter thread about a scam he saw on MicroAcquire for a low value asset, where the seller faked the MRR and requested a wire transfer:

The seller has apparently tried this several times, ripping code from existing SaaS tools:

The thread then goes deep on trying to find the identity of the seller.

The TLDR is do your due diligence and always use escrow.

#ecommerce

I first used Klaviyo, the ecommerce marketing automation platform, back in 2016 when I had a Shopify store and did a bit of sales funnel consulting on other people’s stores (including Andrew Youderian‘s back in the day).

But no-one I know has been as early to this space as Kurt Elster, host of the Unofficial Shopify Podcast (which I was on talking about funnels also back in the day) who reports that Shopify has made an investment in Klaviyo:

In doing so, Klaviyo has just become the recommended solution for Shopify’s bigger ‘Plus’ customers. I’d hate to have been a competitor in the ecommerce marketing automation space on hearing this announcement.

If you’re an app dependent on a platform, such as Shopify, you really dread either a competitor being bought and integrated, or Shopify launching core functionality (or withdrawing it) themselves.

A great post on this is by Jordan Gal, who founded CartHook and is now at Rallyon (headless 1-click checkout) where he talks about the platform problem in ecommerce.

#NFTs

Bluechip NFT floors have been dropping significantly since I exited my Moonbird two weeks ago at a 23 ETH floor. And the Opensea site is currently timing out which is never a good sign in bear markets.

Apes are now at 82ETH, Mutants at 16TH and Moonbirds at 18ETH.

nftpricefloor

And I still feel like ETH hasn’t seen the final bottom – if it drops by 50-80% again, then you may be able to buy a Moonbird at less than mint (here’s hoping).

Get a FREE Valuation for Your Online Business in 5 Minutes
Join over 360,000 subscribers.
Subscribe to our newsletter!

Fill out the form below to receive updates and latest news from us.

Share This Article
Share on linkedin
Share on twitter
Share on facebook
In This Post
Get a FREE Valuation for Your Online Business in 5 Minutes
Join over 360,000 subscribers.
Subscribe to our newsletter!

Fill out the form below to receive updates and latest news from us.

Share This Article
Share on linkedin
Share on twitter
Share on facebook