After Google announced that they are using .xyz as the Alphabet Inc.'s domain, Daniel Negari, the 29-year-old owner of .xyz told the reports that the domain is not for sale.

"I believe I was put on the earth to do .xyz, and to bring it to the market. My work is nowhere near done," the 29-year-old founder of XYZ, Daniel Negari, told Reuters.

Negari was so excited when he read news releases that .xyz would host the website of Google's umbrella company, Alphabet Inc. But then he said his company is not for sale.

Negari said he paid ICANN (Internet Corporation for Assigned Names and Numbers) a total of $185,000 in applying the domain. While the initial public offering could not be cancelled, the company also has no plans for it.

He said several technology players had become fascinated in buying XYZ for strategic investments after the Google announcement. It also welcomes the new generic TLD on the whole. The number of .xyz domain climbs up. From 3000, it went to 30,000 a day.

Reported on E Week, Google did not buy Alphabet.com since it is owned by the carmaker, BMW. Instead, they selected Alphabet.xyz as the top-level domain.

Google's deliberation in using .xyz domain (https://abc.xyz/) astounded Negari since they're getting worldwide registrations from individuals and business firms. "Post Alphabet news, things are going crazy, and they are really booming," he said though he was advised by his lawyers to keep mum regarding Google's action.

According to Wired, ICANN has currently approved 700 new generic TLD's on the Internet to go beyond .com, .net, .edu and .gov extension names.  

Submitting an application for a new gTLD charges $185,000. And if there are entities, similar to the domain you've filed, both must go through a bidding process, which normally elevates to multi-million dollars.

By now, Negari's company also owns .rent and .college. By this year, it would launch .protection, .theatre, .auto, .cars, .car and .security.