ICANN Proposes New Way To Buy Top-Level Domains

narramissic writes "Late last week, ICANN put up for comment a new top-level domain (TLD) proposal that would open up the market for generic TLDs on the Internet, basically allowing anyone with $185,000 to buy a new TLD. ICANN has based the cost of a generic TLD on what it believes will be the cost to evaluate applications and protect the organization against risk, said Paul Levins, ICANN's executive officer and vice president for corporate affairs. Any excess money would be redistributed based on the wishes of the Internet community, he said. As of late Tuesday, there were only a couple of comments on the proposal."

Comments

Re:Internet governance and the common man

[morgan_greywolf]

big DUH google search for alternative DNS! [google.com]

That was hard.

It was, actually. I only know how to use MSN Live Search because that's what was installed on my computer.

Mod Article +1 Funny

[DynaSoar]

For two* very good reasons:

"Any excess money would be redistributed based on the wishes of the Internet community"

They're going to be working with 6 figure dollar amounts, and they're going to redistribute what's (1*) "left over" (people who get that deep into cash tend to find there's never any left over) and (2*) they're going to base the decision on the opinions of the ultimate peanut gallery.

The second point lends the amount of credence to the first point that it is due.