With all of this as background, let us now move (finally) to Part 3 – ICANN and new domain names.
Currently ICANN is considering the approval of new Generic Top Level Domains (gTLDs).
More accurately - ICANN is considering a new PROCESS for the approval of new gTLDs.
According to the ICANN website –
“The development of an appropriate process and policy for the creation of new generic top-level domains (gTLDs) is central to fostering choice and competition in the provision of domain registration services, and as such is critical to the promotion of ICANN’s core values.
The questions to be addressed in the implementation of a new gTLD strategy…draw on technical, economic, operational, legal, public policy and other elements.”