Monday, June 30, 2008

ICANN adopts new Web site naming rules

CNET reports: "The Internet Corporation for Assigned Names and Numbers voted Thursday to relax rules for naming Web sites.

At its meeting in Paris, ICANN, a not-for-profit organization that oversees the naming scheme for Web sites, voted to accept a proposal that will allow companies to purchase new top-level domain names ending in whatever they like."

Get ready for a new set of Top Level Domain (TLD) names (i.e.: .com, .org, .net, etc.) This could turn out to be a gold rush for new TLD domain names or a major devaluation of all the existing prized ones in the existing TLD space.

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