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July 5, 2011 / Nate Harris

Open the Floodgates?

On June 20, ICANN approved its much-discussed plan to allow generic top-level domains. Sometime in the next year or two, the 22 generic top level domains we all know and love (“.com,” “.org,” etc.) will be joined by an ever-growing set of custom top-level domains (TLDs). Applicants will be given the opportunity to pay a $185,000 application fee to register TLDs corresponding to corporate names or phrases, community interests, or anything else.

Mashable has posted a great overview of the new process called “9 Things You Need to Know About ICANN’s New Top Level Domains.”