Business Magazine

ICANN Releases Official Statement on the $135million .web Auction

Posted on the 29 July 2016 by Worldwide @thedomains

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.

web


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Balancing The Work-Family Equation

    Do you and/or your partner sometimes leave for work in the morning, knowing that the return home might be days later from a business trip, or late at night afte... Read more

    8 hours, 20 minutes ago by   Joanigeltman
    FAMILY, PARENTING
  • Another British Polar Explorer to Attempt Solo Antarctic Traverse

    Another British Polar Explorer Attempt Solo Antarctic Traverse

    Another British polar explorer will attempt a solo, unassisted traverse of Antarctica later this year. Veteran adventurer Lou Rudd has announced his plans to... Read more

    11 hours, 27 minutes ago by   Kungfujedi
    OUTDOORS
  • Long Time Coming

    Long Time Coming

    Zucchini with basil and mint. I've been meaning to make this dish for the longest time!read more words! Read more

    12 hours, 18 minutes ago by   Asoutherngrace
    FOOD & DRINK, RECIPES
  • Folks Behind The Music: Into The World Of Ripple - Penfold

    Folks Behind Music: Into World Ripple Penfold

    How did you first get involved in The Ripple Effect? Once upon a time there was a young man looking to expand his musical horizons.He regularly navigated the... Read more

    12 hours, 57 minutes ago by   Ripplemusic
    ENTERTAINMENT, MUSIC
  • Gorgeous Pale Blush Wedding in Corfu | Sarah & Colin

    Gorgeous Pale Blush Wedding Corfu Sarah Colin

    Sarah and Colin sealed their love in one of their favorite places! Corfu was the ideal place for them because of its beautiful natural scene and the view of... Read more

    13 hours, 6 minutes ago by   Eleni Balkouli
    LIFESTYLE, TRAVEL, WEDDING
  • Dear Landon, You're Officially One.

    Dear Landon, You're Officially One.

    I started doing this cute little series of writing a letter to Lily when she turned one, two, three and four here on the blog so I wanted to do the same for... Read more

    13 hours, 27 minutes ago by   Cait
    LIFESTYLE
  • Spring Blooms

    Spring Blooms

    Read more

    14 hours, 27 minutes ago by   Vickilane
    CREATIVITY, PHOTOGRAPHY

Magazines