Recently, there have been controversial incidents in the domain name market. Some domain name investors pointed out that some domain name registries have been suspected of violating regulations, but ICANN (Internet Corporation for Assigned Names and Numbers), which is responsible for maintaining the integrity of the domain name system, refused to take action, which aroused many doubts.
It is reported that some domain name investors reported that some registries seemed to be manipulating auctions. The relevant information held by the investor gave him reason to believe that some registries participated in the domain name auctions held by themselves, and their purpose was suspected to raise the value of the corresponding top-level domain name (TLD). From the appearance, this behavior is artificially manipulating the market and disrupting the normal market order.
What's more serious is that the registry is also accused of using insider information, that is, registry-level data, to invest in other domain names. In this way, compared with other domain name investors, the registry has an unfair competitive advantage. This practice not only violates the code of business ethics, but also blatantly violates the relevant policies aimed at ensuring a fair competition environment, and poses a serious threat to the fairness of the entire domain name investment market.
Faced with this situation, the domain name investor reported the above practices to ICANN, expecting ICANN to intervene in the investigation to maintain the normal order of the domain name market and the overall integrity of the industry. But unexpectedly, ICANN refused to take any action and claimed that these alleged practices were "completely permissible."
As an organization responsible for maintaining the integrity of the domain name system, it is shocking that ICANN chose to turn a blind eye to such obvious violations. These controversial behaviors have already undermined the public's trust in the domain name industry and put independent domain name investors in an extremely unfavorable position in the market. How this incident will develop in the future is worthy of continued attention from the industry.
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