In July of 2016, Andrew Allemann reported that the auction for the .Web extension closed with a winning bid of $135 million. It was subsequently reported that Verisign was behind the winning bid in that auction, although the operation of .Web has been held up due to a dispute, also reported on by Andrew.
It has been several years since the .Web auction, and it looks like we may be coming to and end point with the ongoing dispute. According to Verisign’s Q2 2020 earnings call (transcript via Seeking Alpha), a final hearing related to .Web is coming up in August. The news about .Web was shared by Jeffrey Eckhaus:
Had a chance to listen $VRSN earnings call . Seems like we may have closure soon on .web
“A final hearing is currently scheduled to begin on August 03 in the Independent Review Process”
But knowing ICANN, “final” is never final
— eckhaus (@eckhaus) July 24, 2020
Here’s the full transcript of the discussion about .Web from the Verisign earnings call:
“The second question, are there any updates on the status of dotweb? Answer, as we noted last quarter, a final hearing is currently scheduled to begin on August 03 in the Independent Review Process or IRP that affiliates initiated in November 2018. That hearing is scheduled to take place on videoconferencing. As a reminder Verisign is not a party in these IRP proceedings, but was granted the right to participate in certain limited aspects.
Also as a reminder an IRP under ICANN’s bylaws is for the purpose of ensuring that ICANN follow its own policies and procedures when making decisions. Our expectation is that following the resolution of the IRP the ICANN board will make the final decision on the delegation of the dotweb PLT.”
Personally, I don’t really like the .Web extension, but that is neither here nor there. Perhaps we will see .Web domain names in the market in 2021?