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Registering new domains costing $100,000?

asked 3 years ago
I think this is important.

that said, can somebody explain to me what they’re saying? <span title=” title=”” class=”bbcode_smiley” />

new customized addresses? 100,000 to register a domain? somebody’s cashing in.

my understanding is this is allows anybody from any country to buy any .us or .uk etc whether they are in that country or not, is that right?

and the 100,000 price to register is for domains written in some foreign language … which would be the equivalent to a domain such as movies.com or insurance.com or gambling.com … is that right?

I don’t get it. where they get off charging that kind of price to register a domain?

Disputed domains will be auctioned to the highest bidder? and who gets to keep the profit?

Calls it an Internet milestone

The Internet Corporation for Assigned Names and Numbers (ICANN)
has voted to approve lifting restrictions on the classification
of domain names, allowing for new customized Web addresses.

A unanimous vote by ICANN members at a public meeting in Paris
paves the way for businesses and individuals to adopt domain
names based on any combination of letters. Previously domain
names had been limited by geography.

“This was an extremely successful meeting that will be remembered
as a milestone in the development of the Internet,” said Peter
Dengate Thrush, ICANN’s Board Chairman. “New generic Top Level
Domains and Internationalized Domain Names (IDNs) will open up
the Internet and make it look as diverse as the people who use it.”

ICANN also approved top – level domain names in scripts including
Arabic, Cyrillic and other non-Latin scripts. It passed a
resolution to eliminate domain tasting, a practice of using the
grace periods to register domain names in bulk to see which ones
are profitable.

The new domains could cost as much as $100,000 to register, and
will require a large amount of recourses to maintain.

ICANN said it would begin accepting applications for new domains
in April of 2009, with the first expected to be in operation by
the end of the year. The system is open to anyone, but applicants
have to have a “business plan and technical capacity” to be
eligible.

Disputed domains will be auctioned to the highest bidder, but
in some cases intellectual property law may help a business
acquire a name. ICANN will be able to reject a domain on
“morality or public order” grounds where it would then be
decided by an international arbitration committee.

The largest top-level domain is .com, with 71 million addresses,
followed by .de, the country code for Germany, with 11.2 million
and .net, with 10.6 million. The fastest growing is .cn, for
China, with 10.5 million addresses.

17 Answers
answered 3 years ago
@aleph 167045 wrote:

Oh yes this is great for everybody, it’s a fair and balanced system that

ensures that Big Corporations get the best keywords.

:sarcasm:

Possible, but not necessarily – $100k (which may only apply to a few select domains anyway) is hardly out of the reach of serious small business or even an individual. And the business plan idea is a good approach in that regard. Even if it did, it strikes me one purpose of this is to ensure a domain’s potential is maximised. It sounds like it’s following the .tv standard in pricing by the way which seemed to work quite well in ensuring domains ended up in the hands of people that used them properly.

It’s all speculation right now anyway but if it helps improve the Internet user’s experience, that can only be an advantage. If it doesn’t then it’s either mismanaged or as many will no doubt assume from the off, it’s about money.

aleph answered 3 years ago
@Simmo! 167042 wrote:

Good or bad, right or wrong, what I do like is the fact that they are insisting on business plans which along with potentially high prices could at least mean the domains end up in the right hands rather than PPC squatters.

Traditionally it takes the SE’s a while to catch up on domains – this throws the cat mong the pidgeons with people like Google who rely on domain extensions for localised search. Clearly generics like “football” could cause issues as to which markets are better suited to the domain. Many of the current generic crop of domain like “.biz”, “.info” etc still carry no weight in SERPS, ages after they were launched.

Oh yes this is great for everybody, it’s a fair and balanced system that

ensures that Big Corporations get the best keywords.

:sarcasm:

aleph answered 3 years ago

looks kinda strange LOL

casinolas.vegas
online.gambling

It will look even stranger when we will see casino.com complete against

.casino

<span title=” title=”” class=”bbcode_smiley” />

answered 3 years ago
Good or bad, right or wrong, what I do like is the fact that they are insisting on business plans which along with potentially high prices could at least mean the domains end up in the right hands rather than PPC squatters.

Traditionally it takes the SE’s a while to catch up on domains – this throws the cat mong the pidgeons with people like Google who rely on domain extensions for localised search. Clearly generics like “football” could cause issues as to which markets are better suited to the domain. Many of the current generic crop of domain like “.biz”, “.info” etc still carry no weight in SERPS, ages after they were launched.

aleph answered 3 years ago
@bb1webs 167029 wrote:

what a scam.

question: so does this mean we’ll all be bidding for .gambling, .vegas etc?

who gets all this profit?

this really is a let down. I thought at least the domain registars were above corruption for some stupid reason.

The money makers in all this will be ICANN, the registrars, some Big

corporations, some lucky individuals, and even search engines like

Google since it will create confusion the likes that has not been seen since

Babel … some premium .com owners are already talking lawsuits against

ICANN to stop the madness … it will be interesting to see how it all

plays out.

Inspiration answered 3 years ago
looks kinda strange LOL

casinolas.vegas
online.gambling

Anonymous answered 3 years ago
what a scam.

question: so does this mean we’ll all be bidding for .gambling, .vegas etc?

who gets all this profit?

this really is a let down. I thought at least the domain registars were above corruption for some stupid reason.