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

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Twitter: @VlawDC

"Luck is the residue of design" -- Branch Rickey