For $700 Million, Is Putting Its Name on the Staples Center

Then, during the decline in cryptocurrency prices, Mr. Marshalek decided to change the name Monaco. He contacted Matt Blaze, a professor of cryptography at the University of Pennsylvania who owned the domain name for 25 years. During this time, Mr. Blaze refused to part with the web address and was publicly insulted. New digital gold rush.

But this time Mr. Blaze couldn’t help himself. In a blog post in July 2018 he wrote: “I’m receiving an ever-increasing influx of offers, many of which are clearly not serious, but some of which are clearly drawing attention to the domain.” They. “He said he gave most of them away, but it became increasingly clear that holding the domain was less and less important to me.”

Blaze, now a professor at Georgetown University, declined to comment. In an interview with Zoom from the white room in Hong Kong, Mr Marshek even refused to discuss what he paid for the domain name, but cites an article on the technical site The Verge which suggests that the address may be from lakhs,,

In an interview, Mr Marshalek, a 42-year-old Polish-born entrepreneur, said that and its parent company Foris Technology are based in Singapore. The trading app, which allows people to buy and sell Bitcoin, Ether, and 150 other digital currencies, makes money by collecting transaction fees. Marshalek said the company was profitable but did not give exact figures.

“Like all crypto companies this year, the market has been phenomenal,” he said. He said that between April and June, sales were nearly a quarter of the sales of major cryptocurrency exchange Coinbase, which had $2.2 billion in sales during the same period.

According to CoinMarketCap, a website that tracks cryptocurrency trading and prices, is only the ninth largest cryptocurrency exchange by daily volume. However, a bull market allows companies to fund a lucrative marketing push.