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