July 28, 2016
8:57 p.m.
FYI-now we are talking about a truly serious endowment fund... Jothan Frakes just posted on Facebook that the .Web last resort auction has concluded and that the gTLD sold for $135 million. The identity of the winning purchaser was not included. If the report is correct, that means that the auction fund has just more than doubled to almost a quarter of a billion dollars, with its use yet to be determined by the ICANN community. Philip S. Corwin, Founding Principal Virtualaw LLC 1155 F Street, NW Suite 1050 Washington, DC 20004 202-559-8597/Direct 202-559-8750/Fax 202-255-6172/Cell Twitter: @VlawDC "Luck is the residue of design" -- Branch Rickey