ICANN Approves New GTLDs

The ICANN Board meeting in Singapore, today approved the expansion of top level domain names.

The vote means that applicants may now seek to create their own domain name extension, for example .sport, .music and .bank.

In announcing the result of the vote, President and Chief Executive Officer of ICANN, Rod Beckstrom said:

“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“

The board vote was 13 vote for, 1 against, with 2 abstentions.

People or organisations wishing to create their own top level extension will need to comply with the Applicant Guide Book, which includes a requirement for the payment of a $185,000 application fee.

It is expected that there will be hot competition for generic extensions such as .food.