ICANN approves new gTLD program - 27 June, 2011, 3:33 pm
ICANN (Internet Corporation for Assigned Names and Numbers), who are the governing authority on domain names, have decided to approve a new program that will allow businesses and individuals to apply for their own top level domain name.
This means that successful applicants will be able to own and maintain a gTLD (generic Top Level Domain) like .bank or .food rather than going through one of the many existing registries to purchase a domain. Successful applicants will have the ability to run their own registry.
The decision was almost unanimous with only one ICANN board member voting against the proposal and another choosing to abstain.
We at Instra are happy to announce that we will be assisting customers in applying for their own gTLD. For more information about the gTLD application procedure please refer to our new gTLD page.