On 20th June 2011, ICANN (Internet Corporation for Assigned Names and Numbers) has approved the expansion of top-level domains in Singapore which will help to big companies and organisation to create domain names for their brands (.nike or .nokia) or more generic names (.blue or .sports). ICANN’s TLD expansion plan was first announced three years ago on 26th June 2008, at the 32nd ICANN Meeting in Paris.
According to ICANN, as per new program between 300 and 1000 new TLDs could be created per year.
ICANN’s Board approves the New gTLD Program during a special session held on Monday, 20 June 2011 in Singapore. (Photo Source: ICANN)
Applications for new gTLDs will be accepted from 12 January 2012 to 12 April 2012. Subsequent application periods will become available in the future. The evaluation fee from prospective applicants is $185,000. According to the gTLD Applicant Guidebook, a $5,000 deposit is required “at the time the user requests an application slot within TAS, and a payment of the remaining $180,000 submitted with the full application.”