NFT-related projects are seemingly gravitating towards premium domain names. We’ve seen Media Options sell NFT.com, Mark Cuban launched Lazy.com, and Saw.com and Andrew Miller teamed up to sell Candy.com to an NFT venture with MLB ties.
It seems that another valuable name has been sold to an NFT project, this time in China. According to information from Chinese domain investor Yue Dai, including a screenshot sent privately to me, iBox.com was acquired for a fee of 10 million RMB (Chinese Yen), which equates to around $1.56 million at the time of publishing.
The iBox.com domain was acquired for iBox, a new NFT platform that launched in May. A press release reveals that a leading cryptocurrency platform, Huobi, has funded the iBox venture through its Huobi X Center incubator program.
The deal was purportedly facilitated by China’s eName platform. I reached out to a representative of eName, who declined to comment. The screenshot sent to me from investor Yue Dai revealed a public message sent by an iBox team member in May, confirming an “additional investment” that resulted in the 10 million RMB acquisition of iBox.com.