War for the Web
16 01.12

New Internet Names!

ICANN, the Internet’s governing body, is all set to release new suffixes for companies to apply for and purchase. This means the company IBM could someday purchase .ibm and use it instead of .com.

The process isn’t cheap. Purchasing a new domain will run almost $200,000, and before companies can even do that there is a rigorous application process designed to prevent piracy and copyright infringement.

Some people are up in arms that this will open new doors for fraud, make the Internet more confusing, and cause an untold number of negative outcomes at the end of the day this isn’t really a big deal. It changes the Internet from a commercial perspective, but the nuts and bolts will operate the same way.

 

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