onlinedomain-logoToday in OnlineDomain, a leading domain name investment blog, editor in chief Konstantinos Zournas published an article entitled “.VIP Domain Registrations Up 49% From Friday To 404,892”.

In the article, Mr Zournas noted, “Billings and orders received in .vip since its launch on 17 May 2016 now exceed US$5.5 million. During the weekend of 4 June 2016, MMX contributed eight .vip names to a premium name auction held at the Global Domain Summit in Hangzhou, China, the names fetching, in aggregate, gross proceeds before auction fees of approximately US$283,000. In total 20 names have now been sold in three auctions since the launch of .vip on 17 May 2016 generating gross proceeds, before auction fees, of approximately US$632,000.”

Toby Hall, MMX CEO was quoted, “The exceptional take-up we are seeing of .vip is being achieved without using a freemium strategy or equivalent to boost numbers — the latest surge coming from standard name registrations bought through the registrar channel. This bodes well for renewal rates and the long-term reputation of the domain. We very much look forward to the ongoing growth of .vip billings.”

Mr Zournas also commented that MMX has now received two awards in China for .vip: Outstanding Performer in the Chinese IDC industry at HostingCon China, and China’s Most Welcomed New gTLD 2016 at the Global Domain Summit in Hangzhou.”

Read the full article at OnlineDomain.com.