Kenetic co-founder purchases .NFT domain extension for $84K
Cointelegraph
Published Feb 02, 2021 12:30PM ET
Updated Feb 02, 2021 02:00PM ET
In a single purchase, Jehan Chu, co-founder of Hong Kong-based crypto investment firm Kenetic Capital, has bought the ability to issue a seemingly unlimited number of "NFT" subdomains on the Handshake blockchain.
According to Kenetic, Chu purchased the .NFT domain extension for $84,000, or roughly 680,000 Handshake (HNS) tokens at the time, brokered through the Namebase marketplace. The crypto investor reportedly owns more than 1,300 Handshake domains. He said he bought the extension while observing a rising interest in nonfungible tokens, or NFTs, across the crypto ecosystem.
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Written By: Cointelegraph
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