ICANN, the organization responsible for maintaining domains and extensions is set to reveal the list of gTLD which were applied during the period when ICANN was accepting the applications of new gTLD. The list will be revealed today in a press conference to be held by ICANN at London.
As per the reports there are many different types of gTLD applications which were applied by different companies. Majority of these new gTLD will be the name of the companies for example .google or .microsoft. But there are some companies who has applied for the new gTLD based on generic names for example .bank or .web or .doctor. Most of these application were filed by different companies and therefore a auction will take place to decide which company has won the licence to that particular gTLD. Afterward they can sell domain to public and end users at what ever price they want. For example .com now on average is priced at 10$ because of the competition but the licence of the gTLD will be with one company only and they can charge whatever they want.
Not everyone can apply for the gTLD. It requires a massive amount of initial funding to move the application. The initial application submission fees is 185,000$ and than the winner company has to pay 25,000$ per year in maintenance to ICANN. ICANN has received a total amount of 350 million dollar because of the application process alone!
The number of new gTLD application received is 1930.