Concerns about Icann selling TLDs

Anyone else think it’s crazy that TLDs are being ‘auctioned off’ to the highest bidder?

The latest is .web, sold for $135m

No idea why Icann needs to raise cash - it makes enough from the sale/reg fee of m(/b?)illions of domains every year.

Also looks like .webs was sold for a whopping, 1 (yes one!) dollar :icon_rolleyes:

So what can those “owners” do to those TLDs?

Pretty much anything they want…

No idea why Icann needs to raise cash

Make more $$ => Pay more salary to management guys?

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Sounds about right :043: