Thursday, June 14, 2012

The Greatest Internet 'Landgrab' In History

Here Comes The Greatest Internet Landgrab In History -- CNet

ICANN tomorrow will reveal who is going after what new domain extensions, paving the way for a very different looking Web. Prepare for dot-madness.

Frank Schilling made his fortune in the aftermath of the dot-com bust, buying up thousands of domain names others didn't want. He kept at it, aggressively building a portfolio of more than 320,000 domains that, through a combination of ads and outright sales, have made Schilling a decamillionaire many times over.

Now the 43-year-old domainer is going after what he sees as a far bigger opportunity. He's put up $60 million of his own money to stake his claim on a giant, emerging piece of the Internet -- the opening up of so-called generic top-level domains, or gTLDs, to include pretty much anything. The king of all domain extensions -- .com -- is under attack as never before.

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My Comment: This is big news, and will impact internet use and how money is made on the web for generations to come.

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