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.