Thursday 12 January 2012

Applications Open for new generic top-level domain names (gTLDs)

CATEGORIES OF DOMAIN NAMES
* Generic names like .shop, .lipstick, .music or .food: This will see the highest competition with bidding in the range of $10-20 million
* Brands and corporates: Since they are governed by intellectual property, brands will be given the first option
* Geo specific domains: .Mumbai, .Delhi, .Paris
Will need approval from local government bodies/state government. 
* Communities: .PETA, .IIT, .IIM
Domain names are divided in two segments: generic top-level domains (gTLDs) and country code top-level domains. The former accounts for domain names like .com, .net, .org, and .info, while the latter is country specific like .in (India), .de (Germany) and .uk (UK).

Fees and Annual Maintainence:

The programme by ICANN that opens on Wednesday will have a 90-day window period (closing April 12) for brands, companies and government bodies to fill in their applications. However, the application alone costs $185,000. If the domain name is approved by ICANN after a strict evaluation, the organisation would need to pay an annual registry fee of $25,000.

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