Reglikedomain industry desk

Machines pockets $1.68 from three more auction losses — Minds +

Machines pockets $1.68 from three more auction losses — Minds +

Firm gets cash for losing auctions.

Minds + MachinesFresh top level domain name firm Minds + Machines has added $1.68 million to its bank account following losing three more contention set auctions.

The money primarily comes from losing .beauty and .soccer, both of which were resolved through a private auction. L’Oreal won the three-way race for .beauty and Donuts won the four firm auction for .soccer.

The firm also received a $37,000 refund from ICANN for withdrawing its .app application. .App was resolved through an official ICANN auction, which means the losers don’t get to keep the proceeds.

Minds + Machines has an interest in nine more domain names that still face contention of some sort.

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