ICANN Passes Vote that Will Bring Major Change to the Internet’s DNS
June 21st, 2011Yesterday the International Corporation for Assigned Names and Numbers (ICANN) approved a plan that will bring huge changes to the Internet Domain Name System(DNS). After a monumental meeting held in Singapore, ICANN’s Board of Directors voted (13 approved, 1 opposed, and 2 abstaining) to move forward with an initiative that will significantly increase the amount of Internet domain name endings.
Internet domain name endings are also known as generic top-level domains or gTLDs. Currently, there are 22 officially recognized gTLDs; however, the majority of the public has become familiar with gTLDs such as .com, .net and .org.
Peter Dengate Thrush, ICANN’s Chairman of its Board of Directors, was quoted on the organization’s website in saying that, “Today’s decision will usher in a new Internet age … We have provided a platform for the next generation of creativity and inspiration.”
ICANN and industry experts have asserted that the new gTLDs are expected to revolutionize the way people find information on the web and how businesses plan and structure their web presence.
The new initiative will allow Internet address names to end with almost any word in any language. This will provide a global opportunity for organizations and businesses alike to market their brand, products, or cause in new ways. What kind of new ways? Well, for one thing, corporations will now be able to create their own domain names. For example, if the PepsiCo corporation wanted, they could create and offer domains that end in .pepsi.
If your wondering what the cost to purchase your own gTLD is; be prepared to break the bank. Word on the street is that prices to register the new domain names are expected to be anywhere from $150,000 to $500,000. ICANN has noted that the high fees are in correlation with the approximate $20 million it expects to spend on implementing the new policy.
ICANN is expected to provide further details about the initiative through a global campaign that will discuss the dramatic change in Internet names and raise awareness of the opportunities afforded by new gTLDs. If your interested in learning more about the ICANN top-level gTLD campaign, stay tuned – applications for new gTLDs are expected to be underway as early as mid-January 2012.