The gTLD acquired by DigitalAMN was originally slated to be part of an auction recently conducted by a large retail registry and was mistakenly listed with the registry’s available inventory for auction. However, the Company and its domain industry partners were able to secure this digital asset completely outside of that auction.
As is the case with all gTLDs, the final transfer and assignment of this gTLD to the Company and its domain industry partners, is subject to obtaining consent from the Internet Corporation for Assignment of Names and Numbers (ICANN). Management will formally disclose the gTLD name once the Company receives consent from ICANN to complete the transfer and assignment.
“We believe this venture continues to support our ethos and mantra,” stated Ajene Watson, CEO of DigitalAMN. “Especially given the name of this gTLD, what it may represent culturally to a multi-billion-dollar global marketplace, and the anticipated financial literacy initiatives that could potentially be born from it.”
“The value proposition for DigitalAMN in acquiring this digital asset is further enhanced by one of our partner’s extensive experience in launching a number of other profitable TLDs. In addition, our partners are well-known domain industry pioneers in secondary market TLD services, which is estimated to generate roughly $2B annually. And lastly, we will look to introduce new digital capabilities into the traditional TLD system. This should give our gTLD the ability to offer new value-added services, leveraging the newest technologies incorporated in digital wallets and crypto currencies.”
https://www.globenewswire.com/news-release/2021/10/28/2322602/0/en/DigitalAMN-Aligns-With-Domain-Industry-Experts-to-Secure-TLD-Growing-Digital-Asset-Holdings.html