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Home > Policy/Legislation > ICANN to distribute $212 million

ICANN to distribute $212 million

ICANN Board of Directors announced that they have decided to distribute $212 million through a grant program.


Erdem Yasar Erdem Yasar
June 16, 2022
1 min read
ICANN to distribute $212 million

ICANN Board of Directors announced that a plan to distribute $212 million was approved. $212 million in funds gathered from new top-level domain auctions will be distributed through ICANN Grant Giving Program. The Board of Directors will also form a new separate group within the organization to manage a grant program to distribute the funds.

From TLD auctions

The top three auction were .web for $135 million, .shop for $41.5 million, and .app for $25 million.

The $212 million in funds from auctions will be provided to programs that benefit the development, distribution, evolution and structures or projects that support the Internet’s unique identifier systems, capacity building and underserved populations, or the open and interoperable Internet. The biggest auctions were .web for $135 million, .shop for $41.5 million, and .app for $25 million. If the bidder of the winning bid is determined ineligible by the ICANN board, the amount can change in the future.

ICANN also announced that the organization has selected Hamburg, Germany, as the location for the ICANN78 Annual General Meeting. The event will be held from 21 to 26 October 2023 and it will be hosted by eco – Association, DENIC eG, and the Free and Hanseatic City of Hamburg at the Congress Center Hamburg. The event is expected to include more than 100 different sessions and will provide the opportunity for attendants to introduce and discuss issues. Participants may attend either in-person or virtually. Meetings are open to everyone, and registration is free.

See more Policy/Legislation News


Tags: ICANN
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7, Erdem was the managing editor of T3 Magazine.

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