Top-Level Domain Names and the Future of the Internet

Names and Numbers (ICANN) — the Internet’s governing body of the domain name system — has offered the opportunity for domain registries, startups, large corporations, and organizations all around the world to apply for generic top-level (gTLD) domain names.This current surge in registration for new domain extensions will see as many as 1,000 new one’s being approved. By doing this, it will effectively create a gold rush for those eager to compete in the Internet addressing space. There were nearly 2,000 applicants, with the cost to apply for an evaluation being $185,000, and an annual fee of $25,000.Read more