Minds + Machines (LSE:MMX), today announced the Company has gained, in aggregate, net proceeds of over $3.5 million (approximately £2.3 million) for withdrawing its applications for .data and .art.
The new gTLD .Art was won by UK Creative Ideas beating 9 other applicants in a private auction including Minds + Machines
.Data is still showing on ICANN site as being in contention between Minds + Machines (Top Level Domain Holdings) with Donuts and Dish Networks but apparently that string has been settled.
The cash to the Group is net of auction fees and includes refunds that the Company will receive from ICANN for withdrawing its applications.
The company went on to note that approximately 10% of the 30,000 names initially identified for registration through the Company’s Emerald Names strategy announced on July 30th, 2015 have now been registered. As a result, those names already registered through Emerald Names are now clearly visible for purchase, both to the registrar channel and to consumers directly searching for names, via the Internet’s leading domain name marketplace companies.