Nu Dot Co Buys .web Domain For $135 Million

A company has paid 135 million US dollars for use of the .web domain. Nu Dot Co can now offer firms any domain using the .web suffix, after paying over three times the price that was paid for the previous record holder, .shop. Other bidders included Google and other net registry companies, all of whom have been bidding since 2012 for the rights to use the suffix because so many made offers to run it. The overseers of the internet's address system, ICANN, also sold the rights to 16 other TLDs such as .app and .hotel, making 230 million US dollars in total.