Feb 13 • 06:46 UTC 🇮🇳 India Aaj Tak (Hindi)

This person spent 600 crores for a two-letter domain, the world is astonished

The domain AI.com has recently set a record for the highest-selling domain, with a sale price of approximately $70 million.

The domain AI.com has recently made headlines by breaking the record for the most expensive domain sale ever recorded, with a staggering price tag of around $70 million, equivalent to approximately ₹550-₹600 crores. This sale is significant as it marks the highest publicly disclosed domain sale to date. The buyer, Chris Marszalek, who is the co-founder and CEO of Crypto.com, has gained notable attention in both the internet and AI communities following this purchase.

The history of the domain adds an interesting layer to its value. Originally purchased in 1993 by a 10-year-old boy from Malaysia named Ismail for less than the price of a cup of coffee, the domain was sold by him last year for an impressive $70 million. This remarkable transformation from a minor investment to a major financial windfall highlights the changing landscape of digital assets and the growing importance of domain names in the tech industry.

Crypto.com, the platform associated with the recent purchase, is a leading cryptocurrency exchange and wallet service headquartered in Singapore, boasting millions of users across the globe. This extensive user base and the various services offered, including crypto trading, investment, decentralized finance (DeFi), and non-fungible tokens (NFT) marketplaces, position Crypto.com as a key player in the cryptocurrency arena. Chris Marszalek's prominence in this sector is further amplified by this acquisition, marking a notable moment in the intersection of cryptocurrency and artificial intelligence.

📡 Similar Coverage