Monaco (MCO) purchases Crypto.com from Professor Blaze
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Monaco (MCO) purchases Crypto.com from Professor Blaze

Crypto.com, highly priced domain name, is now purchased by Crypto Visa Card company Monaco.

The domain was established by Matt Blaze who is a professor of computer and information science at the University of Pennsylvania and also sits on the board of directors of the Tor Project. The domain attracts a lot of interest given the craze for crypto.

Initially, Professor Blaze was reluctant to accept any kind of offer. He also announced in January that the domain was not for sale and people should not contact him for any contract related to the sale. Now he has parted from his creation after Monaco bought the domain in an undisclosed amount.

Professor also told the reporters that If it was only about money, he would have sold it a long time ago. Though his website still warns users to not invest in cryptocurrencies without checking them out.

However, speculations surround that the purchase should have attracted around $10 million. The CEO of Monaco, Kris Marszalek, declined to specify any details. The deal is thus kept confidential.

Kris Marszalek further added:

This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose.

The recent expansion plans, in the form of function debit cards and the acquisition of Crypto.com, have proved to be a great catalyst for the price of the Monaco cryptocurrency (MCO). In the past two weeks alone, Monaco has doubled, from the price of $4.5 to $8.9.

About Monaco

Monaco is a crypto project best-known for developing a crypto debit card. It is a well-established company by crypto standards. It was founded in Switzerland in the year 2016. It has also launched its mobile wallet app and an automated cryptocurrency investment system.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.