29 Jul '16, 3am

ICANN releases official statement on the $135million .web auction

ICANN releases official statement on the $135million .web auction

ICANN releases official statement on the $135 million .web auction. I have to give credit to Michael Berkens, he told me months ago he thought it would be $100 million plus. On 27 July 2016, Power Auctions LLC , ICANN ‘s authorized auction service provider, conducted a New Generic Top-Level Domain (gTLD ) Program auction to resolve contention for .WEB and .WEBS . Auction serves as the method of last resort for determining which applicant may operate a gTLD when several entities have applied for the same or confusingly similar gTLDs. This method was defined through ICANN ‘s bottom-up, multistakeholder process. Eight applicants completed the requirements for participating in the .WEB/.WEBS auction. NU DOT CO LLC prevailed in the auction for the price of $135 million to operate the .WEB gTLD , and Vistaprint Ltd prevailed with a price of $1 for the .WEBS gTLD .

Full article: http://www.thedomains.com/2016/07/28/icann-releases-offic...

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