Right here, right now - the changing the face of the internet by David Taylor, Hogan Lovells

Hogan Lovells partner and domain name specialist David Taylor explores the likely impact of the introduction of a raft of new high-level internet domain names

This year will probably be remembered as a landmark one in the history of the internet as launched an application window of 90 days from 12 January during which any entity may apply for a top-level domain name. You might not be aware of this, but it's a significant development for us all. We are looking at an unprecedented shake-up and expansion of the internet's addressing system. The rationale is that there is a shortage of internet addresses, or domain names, so in a little over a year from now, we will start seeing new versions such as .paris, .london, .berlin, .music, .hotel, .gay and .blog.
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yeah Right!!

Anyone got $185,000?