Back then, during a collapse in cryptocurrency prices, Mr. Marszalek decided to rename Monaco. He contacted Matt Blaze, a then-University of Pennsylvania cryptography professor who had owned the crypto.com domain name for 25 years. During that time, Mr. Blaze had refused to part ways with the web address and had publicly despised the new digital gold rush.
But this time Mr. Blaze couldn’t resist. In one July 2018 On his blog post, he wrote that he had “received a growing barrage of offers, many of which were obviously not intended seriously, but some of which, frankly, attracted attention for the crypto.com domain.” He said he had “dismissed most of them, but it was becoming increasingly clear that holding onto the domain made less and less sense to me.”
Mr Blaze, now a professor at Georgetown University, declined to comment. In a Zoom interview from a crisp white room in Hong Kong, Mr. Marszalek also declined to discuss what he paid for the Crypto.com domain name, but pointed out an article on the tech site The Verge that suggested the address could be worth millions.
In an interview, Mr Marszalek, 42, a Polish-born entrepreneur, said that Crypto.com and its parent company Foris Technology are headquartered in Singapore. Crypto.com’s trading app, which enables people to buy and sell Bitcoin, Ether, and 150 other digital currencies, makes money by collecting a fee on transactions. Marszalek said the company was profitable but did not provide exact numbers.
“As with all cryptocurrency companies this year, the market has been phenomenal,” he said. He added that between April and June, Crypto.com sales were roughly a quarter of the sales of Coinbase, a leading cryptocurrency exchange, which had sales of $ 2.2 billion during that period.
Crypto.com is just that ninth largest cryptocurrency exchange by daily volume, according to CoinMarketCap, a website that tracks cryptocurrency trading and prices. However, the bull market has allowed the company to fund a high-profile marketing spurt.