Monday 15 April 2024, 4pm BST
Hilco is seeking offers to acquire certain intellectual property assets of Loyal AI Limited (In Liquidation) (or the “Company”), namely the desirable Loyal.AI domain name, on behalf of the Joint Liquidators of the Company, Jeremy Karr and Simon Killick of Begbies Traynor (Central) LLP.
A significant investment proposition in the digital domain landscape, acquiring the Loyal.AI domain name represents a rare opportunity to invest in a domain that perfectly encapsulates the essence of AI. The Loyal.AI domain name has the potential to become a cornerstone for brands, platforms, or innovations aiming to leverage the power of artificial intelligence.
The inherent value of the Loyal.AI domain name is magnified by the recent record-setting sales within the .AI space, demonstrating the lucrative potential for strategic investment in this sector and the burgeoning value of AI-related digital assets.
A recent article by the BBC highlighted the escalating sale prices of select .AI domain names, pointing out a significant market trend.[1] In 2023 alone, NameBio documented nearly $5 million in publicly reported .AI domain name sales, marking a considerable jump from the previous average of around $1 million per year.[2] This surge is attributed to an increase in venture funding for AI-related startups and businesses, many of which opt for .AI domain names for their digital presence. This preference has stimulated the market, resulting in higher asking prices and sales, underscoring the growing value and demand for .AI domains in the tech and business sectors.
The sale of Loyal.ai represents a unique opportunity to acquire a premium domain within the highly sought-after .AI space. Reflecting the dramatic increase in value and interest for AI-related domains, Loyal.AI offers potential acquirers the chance to secure a competitive advantage in the burgeoning field of artificial intelligence. As the industry continues to evolve, the strategic importance of owning a .AI domain like Loyal.AI cannot be overstated, providing a rare chance to invest in the future of technology and innovation.
[1] https://namebio.com/you.ai
[2] https://namebio.com/shades.ai
[3] https://medium.com/aimonks/ai-domain-names-take-flight-record-sales-in-2023-ab68adda4ab9
[4] ibid
[5] https://namebio.com/precise.ai
[6] https://www.bbc.co.uk/news/business-67284936
[7] https://domaininvesting.com/300k-ai-domain-name-flipped-for-1-5m/
Offers are due Monday 15 April 2024 at 4pm GMT.
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request.
The Joint Liquidators act as agents of the Company and without personal liability.
The bidder acknowledges that Hilco acts as an agent for the Joint Liquidators who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Joint Liquidators and bidders are deemed to have carried out their own due diligence.
VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. Legal completion to occur within 5 business days of bid acceptance. Hilco’s full Terms and Conditions apply.
