Friday, June 27, 2008

ICANN votes to expand top-level domain names

ICANN votes to expand top-level domain names

The action means that companies and other organizations eventually could run their own domains. For example, eBay Inc. could run the domain .ebay, and Microsoft Corp. could run the domain .microsoft. Currently, the endings of top-level domain names are limited to a few which include .com, .net and .org, as well as individual country codes such as .ca for Canada or .uk for the United Kingdom.

Prices to register the new domain names, expected to be anywhere from $150,000 to $500,000, would most likely prohibit individuals from applying for new domain names. ICANN said the high fees would allow it to recoup the approximately $20 million it expects to spend on implementation of the new policy

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