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[webmasterworld.com] by webwork - 7:28 am on Jun 13, 2012 (utc -5)
So, the domainer world is abuzz with the imminent release of information regarding who applied for what new gTLDs. Tens of millions of dollars, many times over, has been invested or set aside just for the chance to lay claim to the new gTLD possibilities.
With real estate it's often said that an element of real estate's inherent value is "they ain't making anymore of it". Setting aside dredging or underwater reclamation projects, the truism offers some insight into real estate's value. I once read that the introduction of new gTLDs, such as .info and .biz, would erode the inherent value of .com domains. I haven't seen that happen.
However, what happens when virtual real estate is allowed to expand exponentially?
If there wasn't a .info or .biz or .eu would the aftermarket value of .com domains be just a bit higher? In other words, if the only alternative was a total nonsense domain would the more sensical domains - in the absence of any alternative - have gone up even more?
Will infinite choice exert a slight downward pressure - both on aftermarket domains AND the renewal fees for .com domains?
How much of the bogus hype for thousands of new gTLDs will the world be able to bear? (Remember the hype surrounding .mobi? "Everyone will use it because . . . ". Yeah, right.)
Folks, reality is about to enter the world of speculation like a bull that enters a china/glassware shop.
Lay your bets.
Me? I'm keeping my money off the table. You can have 'em.
Well, maybe just for fun I'll throw a few coins in the slots . . but I've learned my lesson. Guess it will be time for everyone else to go to school and/or get schooled.
Interesting times, once again.