I believe this is highly overestimated and inflated. Can you convince me otherwise?

To begin with, since you are discussing .xyz, it seems like you might have some interest or curiosity about the topic. However, I believe that .xyz is not being driven by skepticism, unlike Doge coin, because it has a practical application usage as a domain extension that is DNS recognized and can be used as a blockchain address. This sets it apart from other extensions like ENS domains (.eth), which are not ICANN authorized and require special plugins to access.

The hype around .xyz began when Google renamed themselves Alphabet Inc and purchased abc.xyz from Daniel Negari to represent the change. This move suggests that Google knew something others didn't, and that's why Fortune 100 companies are investing in certain extensions - they know what's coming next. Additionally, major domain investors like Swetha and Elliot Silver have been able to sell .xyz domains for increasingly high prices over time.

Now, let's talk about why this is happening. We're currently in a world where web3, NFTs, and the metaverse are becoming more mainstream. People who have invested in these areas are reaping substantial profits in a relatively short period of time. As a result, they may want to purchase a .com extension for their domain name. However, if the owner of the .com domain isn't interested in selling or is asking for a ridiculous amount, they have three options: pay the premium price, choose a different extension with the same keyword, or forget about it altogether.

When it comes to choosing a new extension, the decision-making process centers around two questions: will the new extension affect their rankings online, and will it impact their brand image? While .com has been the standard extension for the last 40 years, there are now many other options available. But ultimately, the average person has been exposed to .com for decades through various mediums, so it's still seen as the gold standard for credibility and brand image.

I currently own about 20 XYZ names, and there are a couple of them that I plan to keep for the long term. While I'm not entirely convinced that it's going to be the next biggest thing, I was wise enough to seek out exposure to it.

I'm not going to persuade. I would like to bring some clarity. The .xyz category domains are the lowest tier niche domains. I mean that such domains are used on low-quality resources. Ask why? Look at her price! The cheapest segment to date. Even .info .biz has a higher level of accreditation. Often, .xyz domains are used by projects with real earnings (bit/dog and so on coins) or with earnings at high risks (investing money at high% with a high chance of losing everything).

The .XYZ domain zone has emerged as the most successful among new domain zones in terms of registration numbers. Additionally, it has become an informal area for projects centered around the Web3 concept, which refers to a new phase in internet development where blockchain technology, decentralization, and token-based economies play a dominant role.

A recent statistical report by .XYZ for June indicates that this trend is continuing, with five out of ten popular keywords directly associated with Web3. These include web, art, meta, app, bet, verse, shop, dao, nft, and tech, which all fall within the Web3 framework either directly or indirectly.

Despite this, the largest domain sales aren't typically related to Web3 terminology. The most expensive domains sold recently are based on general words like curious.xyz, beem.xyz, vessel.xyz, with storyverse.xyz being the only Web3-related exception. However, it's likely that these high-value domains are already existing or future brands of Web3 projects.

.XYZ has gained substantial traction due to its broad availability and affordability. This TLD has become a popular choice for individuals and businesses looking to secure a memorable and versatile domain name. Its inclusivity and lack of specific industry association make it suitable for a wide array of online ventures, from e-commerce sites to personal portfolios and creative projects. This flexibility contributes to its appeal and positions it as a TLD that can cater to diverse online endeavors.

Moreover, .XYZ has been actively marketed and endorsed by domain registrars and industry influencers, which has contributed to its widespread recognition and adoption. This strategic promotion has facilitated the integration of .XYZ into the domain name ecosystem, enhancing its visibility and viability as a credible TLD option.

In terms of market trends, .XYZ has demonstrated consistent growth in its registration numbers, indicating sustained interest and demand. As businesses and entrepreneurs seek distinct and memorable online identities, the appeal of .XYZ as a fresh and innovative TLD continues to resonate within the digital landscape.

Additionally, .XYZ has established itself as a TLD with global resonance, transcending specific geographical or industry boundaries. This universality positions it as a valuable asset for individuals and entities aiming to establish an international online presence without being confined by traditional domain name conventions.

In contrast, while Dogecoin has captured attention as a cryptocurrency with a devoted community, its valuation is primarily driven by speculative market forces and sentiment. Its utility as a digital currency is limited, and its comparison to .XYZ fails to acknowledge the fundamental divergence in their purposes and potential.

When evaluating .XYZ, it's crucial to recognize its role as a foundational component of the internet's addressing system, providing a platform for online visibility, branding, and communication. Its intrinsic value lies in its ability to facilitate online interactions and digital representation, making it an essential piece of the internet's infrastructure.
I would emphasize that .XYZ should be evaluated on its merit as a distinct and versatile TLD, rather than being conflated with the speculative nature of cryptocurrencies like Dogecoin. The enduring demand for intuitive and impactful domain names ensures that .XYZ maintains its relevance and appeal in the evolving digital era, making it a valuable asset in the domain name space.