It’s no secret that NFTs and NFT related domain names are hot. Today at Sedo a one year hand reg sold for $25,000.
NFTDex.com was registered in February of 2020.
DEX (Decentralized exchange). A platform that facilitates token swaps in a noncustodial fashion. The two mechanisms for DEX liquidity are order book matching and AMM. Source
At NFT.org they discuss a project called NFT DEX
We are excited to be blazing the trail toward an underlying and decentralized NFT market layer. The need for such a layer is clear. Just as Uniswap does for ERC20, the NFT protocol DEX will introduce as its first feature a swap interface to empower users to create liquidity and a secondary market for NFTs.
Great foresight by the registrant to pick this name up at reg fee.