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Domain name is actually a number with many digits, which was turned into letters so that it could be easier to remember the address.
Domains are essential for Internet presence. Each website needs its domain name, just as each house needs its address. Therefore domain names are very valuable. Nowadays you can't find a single-word English name (commercial and popular name) available in .com extension. That resulted with an amazing value of some single-word .com domains. For instance, Voice.com was sold for $30M USD in 2019. You can find many domain sales for more than $1M USD. Anyway, there are still a tons of available .com domains which could be sold for decent amounts. You just have to recognize them. Domain trading is a very profitable business.
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