New Domain Extensions Are Coming Out

Domain extensions are anything that appears at the end of a web address, essentially anything that resembles ‘.com’, ‘.net’, ‘.uk’. ‘.com’ refers to anything commercial while ‘.uk’ are domain names that are specific to the United Kingdom. There are only about a couple dozen domain extensions on the market today that cover practically any website out there. Although there are some companies that would like to extend that to any company or cities that wants an extension.
ICANN, a corporation that assigns domain names, is now allowing anyone to apply for their own domain extensions. Some have decided to take them up on this offer like Canon and the city of Berlin, although it is far more expensive to operate an extension than just a simple domain. Applications are $185,000 just for an application with an additional $25,000 every year. So don’t worry about trying to remember a whole new slate of ‘.com’ like addresses. Berlin, for example, will use its extension for government website and tourism. Some have criticized ICANN for allowing new domain extension registration, but for this price I wouldn’t consider it too much of a problem. The main issue is that this could allow for new domain squatters to disrupt websites and commercial activities forcing everyone to purchase far more domain names.