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Results Available for New gTLD Program Auction

26-Mar-2015 | Source : AG-IP News | Visits : 4430
LOS ANGELES - On 25 March 2015, Power Auctions LLC, ICANN's authorized auction service provider, conducted a New gTLD Program Auction to resolve string contention for two new generic top-level domain (gTLD) strings: .PING and .SRL.

Applicants for each string were unable to resolve contention among themselves; thus their contention set proceeded to auction, which is the method of last resort to resolve string contention as prescribed in Module 4 of the New gTLD Program Applicant Guidebook. Subject to payment of the winning price and meeting all other criteria for eligibility, the winner will enter ICANN's contracting process to sign a Registry Agreement to operate the gTLD.
According to ICANN, two applicants participated in the auction for PING. Ping Registry Provider, Inc. prevailed with a winning price of $1,501,000.

Two applicants participated in the auction for SRL. mySRL GmbH prevailed with a winning price of $400,000.
All proceeds from the Auction are being segregated and withheld from use until ICANN's Board of Directors define a plan for an appropriate use of the funds through consultation with the community.

ICANN's mission is to ensure a stable, secure and unified global Internet. To reach another person on the Internet you have to type an address into your computer - a name or a number. That address has to be unique so computers know where to find each other. ICANN coordinates these unique identifiers across the world. Without that coordination we wouldn't have one global Internet. 
 
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