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This brand name is well suited to a company in the toy sector.
The name "LoyToy" has only six letters and just two syllables. Two syllable names make popular global brands. Two syllable names are used by established brands like Pocket, WeChat and Facebook.
This domain was first registered in August 2020. Older domains have an advantage when ranking in search engines.
Loytoy.com is a .com domain. Dot com domains are the most prestigious top-level-domain in the world, used by famous websites like google.com. Once you own a .com, it will be much easier to rank for your own name in Google.
One suggestion for how this name could sound when used.