The .art TLD was entered into a registry agreement on March 24, 2016, between ICANN and UK Creative Ideas Limited,[2] and it became available to the public on 10 May 2017.[3] The founder of UK Creative Ideas and of .art is London-based investor and art collector Ulvi Kasimov, who invested $25 million on the domain initiative.[4] There were nine other competing bids to operate the top-level domain.[4]