Web Exclusive: Changes coming to the internet with land rush

Web Exclusive: Changes coming to the internet with land rush

(CNN) - It's pretty automatic when we go online and type a web address into our browser.  We usually type in dot-com, right?  Well get ready!  Big changes are coming this week that may affect what we type to get to some websites.

The simplest way to describe this is to think about the internet as land.  Well, a huge portion of brand new, untouched land was just discovered and it's now open to bidding.  That is what is at work here and it's being called an internet land rush.  The race is about to begin.  

Right now there are only 22 top domain names, think dot-com, dot-org and dot-net.  Those last parts of the domain names control about 111 million internet addresses.  It may be odd to hear but the internet is running out of space. Many names are already taken and businesses have to get clever to find a unique website name that suits them, which is why some new domain space is about to be up for grabs.  More than 1000 new domain names will come into existence on Tuesday.

Anyone, anywhere will be able to purchase for a high price and create their own domain name.
Variety is key here, too.  New domains will be available in dozens of new languages, including Chinese and Arabic.  This is not only a big change for internet users, but it has the potential to generate hundreds of millions of dollars in sales.


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