ICANN, Internet domain names: ICANN opens up Internet domain-name system - Los Angeles Times: ""Today's decision will usher in a new Internet age," said Peter Dengate Thrush, chairman of ICANN's board of directors, in a statement following the group's approval of the expansion Monday in Singapore. "We have provided a platform for the next generation of creativity and inspiration."
But with a price tag of $185,000, creating a new domain won't be cheap or easy. ICANN — short for the Internet Corp. for Assigned Names and Numbers — will make the final decisions on new domains. The group requires that applicants be "established public or private organizations," with the necessary technical capability to keep a domain running.
ICANN's announcement drew criticism from those who disputed the value of expanding the already complicated Internet naming system, including those that said the move would mostly benefit the nonprofit ICANN and the for-profit companies, like GoDaddy.com and VeriSign Inc., that sell Web addresses. Some also questioned whether the new domain system would make navigating the Web any easier"
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