Top Web Sites Lead Rush For New Top Level Domains

Published on June 13th, 2012

(Reuters) – An unprecedented land grab for new Web addresses began in earnest on Wednesday with fierce competition for new internet real estate including .app, .blog and .web from applicants hoping to break the near-monopoly of the .com top-level domain.

The ambitious plan to liberalize internet addresses attracted 1,930 applications, almost half of them from north America, with Web giants Amazon and Google applying for dozens of domains including .cloud, .buy and .book.

The liberalisation of top-level domains beyond the fewer than two dozen in existence – dominated by .com, .org and .net – is intended to stimulate competition and innovation by giving organizations more control over their Web presence.

Critics say the new suffixes are unlikely to catch on, and some trademark owners have complained that the move is causing them unnecessary expense – at $185,000 per application plus running costs – to defend their online turf.

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