GMO Registry, Inc. the registry operator for .Shop, announced today that new top level domain has already grossed over $2 million dollars in revenue with close to 2,000 registrations, mid-way through the advance registration .shop Early Access Program (EAP).
General Availability opens on September 26 at 15:00 UTC
.shop was first opened exclusively to trademark holders on June 30 for a 60-day Sunrise phase. During Sunrise applications were received from almost 1,200 trademark holders in more than 30 countries around the world.
The .shop Early Access Program, currently in progress, runs from September 1, to September 26 and provides first pick from among the vast opportunities for intuitive and memorable domain names for online and offline shops.
For details on how to participate in the .shop Early Access Program or to find a .shop accredited registrar please visit http://get.shop.
.Shop sold at an ICANN auction for over $41 Million dollars, the second highest price of any new gTLD (Publicly announced).
Can someone explain to me how it is okay to charge $2,000 to 1,200 trademark holders for early access but charging $2,000 for a .com so they can protect their brand is considered cyber squatting?
The ACPA federal law passed in 1999 covered someone who registers a of domain names and then seeks to sell it to the trademark holder at any amount over registration price.
Registries are not registering domains then selling them for more than registration prices; what they are doing is allow trademark holders first shot to register the domain name for the registration fee the domain carries which of course varies domain to domain.
I know your not going to love that answer but that is the case.
Michael,
Thank you for your answer. Well appreciated 🙂
Think this helps my domain Shop.Today