No, ICANN is now selling TLDs quickly instead of approving them slowly like in current process, it means .sex, .web, .xxx and many many more can all start at one go.
Selling it at such high price they think they will get lots of income, but it will backfire.
No one is silly enough to pay $150K for an extension and pay the same amount every year for renewal, if only to use it as his company domain or just to fit his family tree of 20 members into the extension.
No, they will sell it, and run it as a registry. Lots of people think it is money spinning and they all apply for new TLDs.
You know what happen if your domain is not making your money worth? You decide it is not worth your money to renew it.
Unlike CCTLD that has a whole Nation behind them, if these vast numbers of confusing TLDs did not run themselves well enough, they will go down in history book as florished briefly.
I myself would be one that will not register anything on those extensions, they are private commercial enterprises and not able to give me any guarantee. Well, who knows on which day they will decide not to renew their âmoney spinning licenseâ, and I have to go down with it.
Except a few significant ones, they will all be gone with a downward spiral, unless ICANN will compensate their annual fees accordingly. But then, this just beats the objective of money grabbing, which is why ICANN was setting all this up in the first place.
CPTL.