Aluva: In a remarkable event in the cybersquatting scene in the country, a young engineering student from Kerala has made news by selling a domain name he created in the name of Facebook's Zuckerberg's daughter, MaxChanzuckerberg.org, to the multi billionaire for 700 dollars.

A final year Electronics and Communication Engineering student at KMEA Engineering College, Amal Augustine is in news for having received an offer from Zuckerberg to handover the internet domain name he registered in the name of Maxima Chan Zuckerberg, Mark Zuckerberg's daughter.

Amal, a resident of Kidangoor in Aluva had registered the domain spending Rs. 200 just out of curiosity.

He had earlier received a mail from Sarah Chappel, Manager, Iconic Capital, the company that manages the financial affairs of Zuckerberg making an offer. The company made an offer to purchase the domain name on behalf of Zuckerberg and struck a deal for 700 dollars which was accepted by Amal without any bargain. The deal was soon finalised through a transaction on GoDaddy.

Experts point out that the deal marks an important event in the cybersquatting landscape in the country.

The process begins by procuring the domain addresses registered in the name of persons, brands or companies and then selling the domains to them.