"Just in time to create a new Super Bowl ad, Crypto.com founder Kris Marszalek has made the priciest domain purchase in history, buying AI.com for $70 million, according to the Financial Times. The deal, paid entirely in cryptocurrency to an unknown seller, shatters previous records. (Broker Larry Fischer, who facilitated the sale, is presumably celebrating his good fortune.)"
"Marszalek plans to debut the site during Sunday's big game, offering consumers a personal AI agent for messaging, app usage, and stock trading. "If you take a long-term view - 10 to 20 years - [AI] is going to be one of the greatest technological waves of our lifetime," he told the FT."
"The purchase rewrites the domain record books - not that crypto industry itself is known for its restraint when it comes to spending. Previously, CarInsurance.com held the crown at $49.7 million (2010), followed by VacationRentals.com ($35 million in 2007) and Voice.com ($30 million in 2019). Other eye-popping sales include PrivateJet.com ($30 million), 360.com ($17 million), and Sex.com, which has sold twice for over $13 million each time, though its second owner went bankrupt trying to monetize it."
Kris Marszalek purchased the AI.com domain for $70 million, paying in cryptocurrency to an unidentified seller. The acquisition sets a new record for domain sales and eclipses prior top prices such as CarInsurance.com and Voice.com. Marszalek intends to unveil the site during the Super Bowl and offer a personal AI agent for messaging, app interactions, and stock trading. He described AI as a major technological wave over the next 10 to 20 years. Broker Larry Fischer noted the rarity and irreplaceability of assets like AI.com. Marszalek’s prior investments include Crypto.com ownership and $700 million in stadium naming rights.
Read at TechCrunch
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