By October 1998, a decision to establish a new non-profit organization which will be officially called [[ICANN|Internet Corporation for Assigned Names and Numbers]] was announced by NTIA. It will operate under an agreement with the NTIA with an oversight from the US Congress.ICANN was officially incorporated on November 21, 1998 and it is expected to maintain competition in domain registration services, create new [[gTLD]]s, promote international participation and operate in an open and transparent manner.<ref>[http://www.icann.org/en/general/articles.htm ICANN Articles of Incorporation]</ref>
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By October 1998, a decision to establish a new non-profit organization, which was to be officially called [[ICANN|Internet Corporation for Assigned Names and Numbers]] was announced by NTIA. It will operate under an agreement with the [[NTIA]] with an oversight from the US Congress. ICANN was officially incorporated on November 21, 1998 and it was expected to maintain competition in domain registration services, create new [[gTLD]]s, promote international participation and operate in an open and transparent manner.<ref>[http://www.icann.org/en/general/articles.htm ICANN Articles of Incorporation]</ref>