date

A Malaysian sold the ai.com domain he bought for $100 for $70 million

A Malaysian sold the ai.com domain he bought for $100 for $70 million

Sometimes there are stories on the Internet that make you think, “Oh, I once bought a domain…” Malaysian Arsyan Ismail is at the center of just such a legend: he is said to have sold the ai.com domain, which is considered one of the most expensive domains in history. And the price is no joke - 70 million US dollars.

The most interesting thing is that this online address was not acquired with a “big business plan”. Arsyan bought it as a child, that is, in 1993, for just 100 dollars. The reason is simple and very human: the domain name coincided with the initials of his first and last name. That is, at that time it was just a “beautiful address”, there was no global hype.

But time has changed everything. Today, the two letters AI (Artificial Intelligence) have become not only a technology, but also one of the most valuable “brands” in the world. Startups, corporations, investors - everyone is talking about it. As a result, yesterday’s simple domain turned out to be an asset with a huge market value today.

Thus, 33 years later, a $ 100 purchase turned into a huge deal. If we do the calculations, it is said that the investment “returned” almost 700 thousand times. Such profits usually happen in movie scripts, but this is real life.

The conclusion is simple: sometimes the biggest successes begin not with a big fuss, but with a small choice. What seems “ordinary” to you today can become a trend tomorrow. There is only one condition - patience. Arsyan’s case proves this.

Ctrl
Enter
Found a mistake?
Select the phrase and press Ctrl+Enter
Information
Users of Меҳмон are not allowed to comment this publication.
News » World » A Malaysian sold the ai.com domain he bought for $100 for $70 million