ICANN, independent entity responsible for regulating Internet domain names, just announced that the reveal date for the new gTLD program, will be June 13th.
The cost to obtain a new extension such as “.canon”, “.sport” or “.nyc” rises to $ 185,000 plus $ 25,000 annual fee.
According to Rod Beckstrom, CEO of ICANN, the entity has collected almost $ 352 million in registration fees.
After the big reveal of the new domain name extensions, it will be a period where anyone in the world will be able to contest a pending application. This period will help to resolve conflicts over domain names too close to each other or those associated with similar requests submitted by several applicants.