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Next new gTLD auction set for August 13

Kevin Murphy, June 19, 2013, 10:51:58 (UTC), Domain Registries

Innovative Auctions today announced that its second new gTLD auction is scheduled for August 13 and that several companies have already signed up to participate.

The news follows the settlement of the first round of auctions, which saw $9.01 million shared between losing applicants and Innovative for the rights to six new gTLD strings.

“[A]ll of the participants from this auction who have additional strings in contention have signed on to use the process to resolve their remaining contentions,” Innovative said.

That would mean Afilias, Merchant Law Group and XYZ.com, which took part in this month’s auctions, are all likely to attempt to settle their outstanding contention sets with Innovative.

That’s another roughly 40 strings on top of Donuts’ already-committed monster portfolio.

Of course, the auctions will only be able to go ahead if all of the other applicants in each contention set also agree to participate, which in some cases will be a non-starter.

The money from the first auctions has already been distributed to the losing applicants, according to Innovative.

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