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Verisign Wins Auction For .WEB Domain Names For $135 Million

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 (that is suspected to be backed by Verisign) 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.

Verisign is the .com and .net domain name registry.