There Is Big Money In Dot LY Domains

Here is a classic case of getting into something early enough can really pay off as in the case of the .ly domain suffix, which is becoming very popular.

The latest one to go under the hammer is local.ly, this has been bought by the enterprise applications and services company Infor, for a cool $100,000 from the domain name brokerage service at domains.ly who also happen to own a few hundred more cool .ly domains.

Source [Techcrunch]