On July 27, ICANN announced that NU DOT CO have won the auction for the .WEB nTLD.
ICANN officially announced:
NU DOT CO LLC prevailed in the auction for the price of $135 million to operate the .WEB gTLD
Power Auctions LLC, ICANN‘s authorized auction service provider, conducted a New Generic Top-Level Domain (gTLD) Program auction to resolve contention for .WEB and .WEBS.
Eight applicants completed the requirements for participating in the .WEB/.WEBS auction. NU DOT CO LLC prevailed in the auction for the price of $135 million to operate the .WEB gTLD.
The .WEBS gTLD was also awarded in the same process to Vistaprint Ltd for just $1.
In general, auctions serve as the last resort for determining which applicant may operate a gTLD when several entities have applied for the same or similar gTLDs.