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XYZ buys dormant gTLD from “pyramid scheme” operator

Kevin Murphy, November 19, 2019, 16:32:01 (UTC), Domain Registries

XYZ.com has bought another unused dot-brand to add to its portfolio.

It’s taken over the contract for .quest from original registry Quest ION Ltd, a subsidiary of a Hong Kong-based multi-level marketing company called QNet, according to ICANN records.

The gTLD will become the 13th that XYZ has a stake in, and the second dormant dot-brand that it’s acquired, after .monster.

.quest has been delegated for a few years, but its owner had no live domains beyond the mandatory NIC site.

I have to say I was unfamiliar with the company until today, but QNet’s Wikipedia page makes it sound sufficiently dodgy that I’m surprised nobody raised questions about its suitability to be a registry during the ICANN application process.

Its multi-level marketing business model has been described as a “pyramid scheme” or “Ponzi scheme” by various governments and has seen QNet hit by serious legal challenges in many countries on at least four continents.

Loads of its executives, including at least one listed on the gTLD application, have been arrested over the years.

But I guess that’s water under the bridge now, because XYZ has taken control of .quest.

There’s no word yet on a launch date.

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