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Sunday, October 26, 2014

ICANN releases October new gTLD auction result


ITRealms:
The Global Domains Division of the Internet Corporation for Assigned Names and Numbers (ICANN's) has released the result of the auction conducted by its accredited Power Auctions LLC to resolve string contention sets for three new generic Top-level Domain (gTLD) strings namely Salon, Spot and Realty, ITRealms reports.
President of ICANN's Global Domains Division, Mr. Akram Atallah affirmed this to ITRealms in official statement, noting that string contention occurs when ICANN receives more than one application for the same or a confusingly similar gTLD.
According to Atallah, the applicants for these strings were unable to resolve the contention sets among themselves, and thus proceeded to an auction, which is the method of last resort to resolve string contention sets as prescribed in Module 4 of the Applicant Guidebook.
ITRealms gathered that this model is subject to payment of the winning price and meeting all other criteria for eligibility, the winner will begin the contracting process to sign a Registry Agreement to operate the respective gTLD.
"We continue to see contentions being resolved at a steady pace. Since last month, we have seen 20 contention sets resolved, 3 via ICANN auctions, 1 via Community Priority Evaluation and 16 through self-resolution between applicants," he said.

Four applicants for ‘Salon’ participated in the Auction. Outer Orchard, LLC prevailed in the Auction with the winning price of $5,100,575.

Three applicants for ‘Spot’ participated in the Auction. Amazon EU S.à r.l. prevailed in the Auction with the winning price of $2,200,000.

Two applicants for ‘Realty’ participated in the Auction. Fegistry, LLC prevailed in the Auction with the winning price of $5,588,888.

All proceeds from the Auction are being segregated from use until the board determines a plan for the appropriate use of the funds through consultation with the community.

ITRealms gathered that a detailed summary of the Auction proceeds and costs through the September 2014 Auction is available here.

+Remmy Nweke +Remmy Nweke (ITRealms) +ICANNnews +Joseph de Jesus  +gTLDsystems LLC  Akram Atallah (@AkramAtallah)
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Pix: President of ICANN's Global Domains Division, Mr. Akram Atallah

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