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Line 57: − + − .com is the most popular and widely registered top level domain name by internet users worldwide. In 2000, there were more than 20 million registered names under the .com domain name space.<ref>[http://www.nytimes.com/2000/11/17/technology/17DOMA.html%20(last%20visited%20Dec.%202,%202000)www.nytimes.com NYTimes.com]</ref> The overcrowding of the .com domain space has resulted in difficulties for users to find appealing domain names. This led to a proposal from the Internet community to create new gTLDs to solve the problem. On April 18-19, 2000, during the [[ICANN Yokohama]] meeting, the [[DNSO]] Names Council proposed the implementation of new TLDs to promote competition in the domain name registration business, enhance the utility of the DNS, and increase the available number of domain names.<ref>[http://www.icann.org/en/meetings/yokohama/new-tld-topic.htm#IIC www.icann.org]</ref> On November 16, 2000, ICANN approved seven new gTLDs which include [[.biz]], [[.info]], [[.name]], [[.pro]], [[.museum]], [[.aero]] and [[.coop]] to ease up the exhaustion of the .com and the [[.net]] domain space. Further expansion of available [[gTLD]]s is expected to be authorized at ICANN's 2011 meeting in Singapore.+ − − Line 85:
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Another controversial domain name was races.com, which was bought for thousands of dollars by MBA student John McLanahan. Network Solutions mismanaged the transfer of races.com and inadvertently put it on the available list. SportWorld Ltd, a domain name speculator registered the domain name through [[Register.com]], a competing registrar; Network Solutions had no authority to make Register.com return the domain. SportWorld Ltd. advertised races.com for $500,000. John McLanahan suffered the loss of payment and received no compensation, other than an apology from Network Solutions.<ref>[http://www.wired.com/techbiz/media/news/1999/12/32974 Races.com]</ref>
Another controversial domain name was races.com, which was bought for thousands of dollars by MBA student John McLanahan. Network Solutions mismanaged the transfer of races.com and inadvertently put it on the available list. SportWorld Ltd, a domain name speculator registered the domain name through [[Register.com]], a competing registrar; Network Solutions had no authority to make Register.com return the domain. SportWorld Ltd. advertised races.com for $500,000. John McLanahan suffered the loss of payment and received no compensation, other than an apology from Network Solutions.<ref>[http://www.wired.com/techbiz/media/news/1999/12/32974 Races.com]</ref>
==Overcrowding of .Com Domain Space==
==.Com Domain Space==
===List of Earliest Registered .Com Domain Names===
==List of Earliest Registered .Com Domain Names==
The first .com domain to be registered was [[Symbolics.com]], others include:<ref>[http://www.iwhois.com/oldest/ Whois oldest .com domains]</ref>
The first .com domain to be registered was [[Symbolics.com]], others include:<ref>[http://www.iwhois.com/oldest/ Whois oldest .com domains]</ref>
* GE.com - August 5, 1986
* GE.com - August 5, 1986
==Premium .Com Domain Names==
===Premium .Com Domain Names===
The strong demand for .com names and their scarcity has resulted in a significant increase in the value for premium domains on the aftermarket, with certain domains costing millions of dollars. Some of the most expensive domain names that were sold under the .com domain name space include:<ref>[http://most-expensive.net/domain-name Most Expensive .Com Domain Names]</ref>
The strong demand for .com names and their scarcity has resulted in a significant increase in the value for premium domains on the aftermarket, with certain domains costing millions of dollars. Some of the most expensive domain names that were sold under the .com domain name space include:<ref>[http://most-expensive.net/domain-name Most Expensive .Com Domain Names]</ref>
* Insure.com- purchased by QuinStreet for $16 million in 2009
* Insure.com- purchased by QuinStreet for $16 million in 2009
* Casino.com- sold for $5.5 million in 2003
* Casino.com- sold for $5.5 million in 2003
* Toys.com- purchased by Toys ‘R Us for $5.1 million in 2009
* Toys.com- purchased by Toys ‘R Us for $5.1 million in 2009
===Overcrowding of .Com Domain Space===
.com is the most popular and widely registered top level domain name by internet users worldwide. In 2000, there were more than 20 million registered names under the .com domain name space.<ref>[http://www.nytimes.com/2000/11/17/technology/17DOMA.html%20(last%20visited%20Dec.%202,%202000)www.nytimes.com NYTimes.com]</ref> The overcrowding of the .com domain space has resulted in difficulties for users to find appealing domain names. This led to a proposal from the Internet community to create new gTLDs to solve the problem. On April 18-19, 2000, during the [[ICANN Yokohama]] meeting, the [[DNSO]] Names Council proposed the implementation of new TLDs to promote competition in the domain name registration business, enhance the utility of the DNS, and increase the available number of domain names.<ref>[http://www.icann.org/en/meetings/yokohama/new-tld-topic.htm#IIC www.icann.org]</ref> On November 16, 2000, ICANN approved seven new gTLDs which include [[.biz]], [[.info]], [[.name]], [[.pro]], [[.museum]], [[.aero]] and [[.coop]] to ease up the exhaustion of the .com and the [[.net]] domain space. Further expansion of available [[gTLD]]s is expected to be authorized at ICANN's 2011 meeting in Singapore.
==References==
==References==