.WEB Auction Rakes in Record Breaking $135M, What Will ICANN Do With All This Money?
ICANN now has over $230 million in its coffers, the proceeds from New gTLD program auctions. The latest record breaking price is of $135 million to operate the .WEB gTLD. 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 …