Starting this fall, the Internet Corporation for Assigned Names and Numbers, or , will begin rolling out 20 new suffixes, or top-level domains, every week. This will create new entrepreneurial opportunities, says ICANN CEO Fadi Chehade.
“Diversity to the domain name system is coming,” he says.
On the Internet today, there are just 22 Web suffixes, including .org, .biz, and, of course, .com. But for years, regulators, including the Federal Trade Commission in the United States warned ICANN against forging ahead, citing concerns about the increased possibility of scams, fraud and trademark infringement with a vast and rapid expansion. read more