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ICANN Approves gTld Naming System Changes
Posted on June 26th, 2008 by admin in Domain News | 9 Comments »
According to the BBC, ICANN today approved the proposed changes to the gTld Naming System.
The new rules remove previous restrictions that kept companies, individuals and countries to a limited set of domain extensions (.com, .edu, .net, .uk etc). Under the new rules, domain extensions can up to 64 characters if you’ve got the $50,000 to $500,000 for registration. Says the BBC:
Under the new plans, domain names can be based on any string of letters. Individuals will be able to register a domain based on their own name, for example, as long as they can show a “business plan and technical capacity”.
Business domain registrations will be based on intellectual property claims, which should be an interesting process. ICANN has apparently had this plan in the works for over six years. ICANN also approved today the use of non-latin characters in domain addresses.
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The term gTLD isn’t going to work with these. I suggest they are vTLDs (Vanity TLDs).
Here comes a slew of Vanity Domain Names !
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I’m very new to domaining, so I am trying to learn it from the master! If I understand this right, people can now have whatever.iwant as a web address?
or, people can create a tld and allow others to purchase domains with this extension?
Well, basically yea, except, you will need to pay a fee of somewhere between $50,000 and $500,000 for the pleasure, and ICANN will still have to approve your tld.
But after you do all that, yes, you will be able to own something like http://www.something.jkswopes
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