(The Hosting News) – On Monday, the Internet Corporation for Assigned Names and Numbers (ICANN) approved a measure that will allow entities to apply for custom site domain suffixes (also known as gTLDs).
Domain suffixes refer to .com, .org, .net, etc. With the approval, entities will now be allowed to apply for almost any name to use as a domain suffix.
In an official statement on the corporation’s website, President and Chief Executive Officer of ICANN Rod Beckstrom stated, “ICANN has opened the Internet’s naming system to unleash the global human imagination. Today’s decision respects the rights of groups to create new Top Level Domains in any language or script. We hope this allows the domain name system to better serve all of mankind.”
Registering the domain suffix will require an application fee that of $185,000 dollars. However, there may be a good reason behind the large price. Reviewing applications for domain suffixes will require ICANN to conduct an extensive review. By approving a domain suffix, the corporation must especially make sure that no copyright is infringed.
ICANN says the applications for the custom domain suffixes will be accepted between January 12th and April 12th of next year.
ICANN’s International Meeting is currently taking place in Singapore and will conclude on the 24th. For more information on ICANN, visit: http://www.icann.org/