Companies try a lot of different things, sometimes they spend a decent chunk of money on a domain name for a project.
That was the case of the Ivy Project,
ivy is a blockchain-based technology for FIAT & cryptocurrency business transactions which require extensive verification in the international monetary system. The ivy network utilizes ivykoin™(IVY) tokens which carry KYC & KYT data points critical for Financial Institution validation.
So along with owning Iveproject.com and Ivykoin.com they spent $22,000 for IvyPay.com in 2018. The transaction took place at Sedo.
Fast forward 20 months and IvyPay.com is allowed to drop and is now at auction at DropCatch.
Here is a cached screenshot from Google:
The company should have at least held on to the name they paid $22,000 to acquire. Someone should have reached out to another Ivy Pay using Talktoivy.com.
I realize for companies out raising vc and having a bunch of stuff going on this may seem trivial. But if you want to tell me you want to manage other people’s money, respect your money first.
Good story, I agree with your take there Raymond. Why waste the money this is a name that’s easily resold.
The flushing of the $22K was at the purchase, not the drop. This domain is only worth that to that end user. Speculators can try to find another buyer but doubtful.
“Buy if you want tontell me you want to manage other people’s, respect your money first”
Absolutely spot on
Ivypay.com is not worth anything. They are no better off by keeping it, in fact they are probably worse off keeping it given they’d have to pay reg fees for the legacy of this failed project.
You really are dumb I realize your role on blogs is to troll but if you think Ivypay has no value you’re dumber than dirt…the author explained just one potential enduser right in the article.
Would they pay 22 grand???probably not five or 10 grand probably.
I’m sure he explained “just one” enduser because it is the only company on the planet using the term for anything.
The company is called ivy/ivy labs not “ivy pay”, I really doubt they care about ivypay.com because it is the name of a product, not the company.
Call them up, they won’t pay anything beyond reg fee.