I have bought my 16th domain name today, randomized.info, for a project that I am going to do some day soon.
The way I see it, domain names are like Internet real estate. And indeed, some people market them like this (though I wouldn't). The domain name system and the top-level domains everyone knows and loves (.com, etc) are not going away anytime soon, nor is there any kind of suitable replacement to solve its inherent problems.
These other articles I've written may be interesting to you as well:
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