This sale of the domain comes as a surprise since owner Blaze was reluctant to sell the domain to any cryptocurrency company, despite multiple offers.
As per a report by Techcrunch, following the purchase of crypto.com, Monaco has decided to rebrand itself as “Crypto.com.”
Crypto.com was registered in the year 1993, by Blaze, a prominent cryptology researcher and professor at the University of Pennsylvania. Since the boom of cryptocurrency, potential buyers have been knocking at his door, however, he has publicly informed the buyers that the domain wasn’t for sale.
Blaze is also known to be a strong critic of the word ‘crypto’ being used as an abbreviation for ‘cryptocurrency’, instead of ‘cryptography'. He added that it would have “bad consequences for both cryptography and cryptocurrencies.”
The University of Pennsylvania professor has refused to comment on what made him ultimately change his mind. However, Monaco CEO Kris Marszalek believes that is was not about money.