May 08, 2012

ICANN rakes in $350 million in fees

ICANN's decision to open up the domain name space to any possibility under any language produced, unsurprisingly, a large number of applicants.  

At $185,000 per application, ICANN said it is now sitting on an embarrassingly large cash pile of roughly $350m in application fees, much of which will be used to pay the programme's outside evaluators.

ICANN seems to plan to pay many outside experts to evaluate these applications.  Perhaps time for many Chander.com readers to become domain name experts.

Posted by Anupam Chander on May 8, 2012 at 04:12 PM in Digitization | Permalink