Decentralized cloud blockchain network Aelf has reportedly spent big on a new domain name.
According to a Medium article from Aelf, the Singapore-based company spent $1 million acquiring the domain Aelf.com, upgrading from Aelf.io.
The Medium article notes:
Responding to the community’s fierce anticipation, aelf upgraded its “.io” to the new “aelf.com” domain name. The top-level “.com” domain is auctioned at one-million-dollar[sic] and is now owned by aelf team.
It’s not clear whether the phrase “domain is auctioned at one-million-dollar [sic]” is simply a misinterpretation perhaps caused by translation.
Aelf, which also operates the $ELF coin, with a market cap of $431 million, has already developed the Aelf.com domain.
WHOIS history suggests that Aelf.com may have changed hands just a day or two before Aelf’s purchase announcement.
There is no evidence as of yet, aside from the Medium blog post, that Aelf.com did indeed sell for $1 million. It’s not out of the question as a purchase by the right, motivated end-user from a truly unmotivated seller.