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That's the initial registration cost. If there are multiple applicants for it, it will go to auction. For a popular gTLD, the auction can go into several milli
by puranjay 8y ago
That's the initial registration cost. If there are multiple applicants for it, it will go to auction.
For a popular gTLD, the auction can go into several million dollars. .shop, for instance, closed at $41.5M [1]
1. http://domainincite.com/19886-shop-gtld-sells-for-record-41-5-million http://domainincite.com/19886-shop-gtld-sells-for-record-41-...
- skrebbel 8y agoWow, where does that money go to? I thought ICANN was a non-profit? Is it the usual "yeah but we really needed $5000 meeting room chairs and our CEO needs a competitive $10m salary otherwise we can't keep him on"?
- rhaps0dy 8y agoMaybe they're just hoarding it for now, and eventually will give it to internet nonprofits
- ValentineC 8y ago> Wow, where does that money go to? There was a comment thread about how the bidding process worked in 2016: https://news.ycombinator.com/item?id=11686086 https://news.ycombinator.com/item?id=11686086