This will be a new kind of domain name with industry specific names for example: Mcdonalds.food instead of McDonalds.com. The new domain names will be expensive costing around $185,000 a piece according to Information Week. Most entrepreneurs will not be able to afford them but they will have to worry about them.
You will have to worry about these new domain names because they are specifically designed to monopolize the territory at the top of the Search Engine Lists. Smaller companies that now have a really good .com name could find themselves far below bigger outfits with a great gTLD.
There are some ways that entrepreneurs can get ready for this change which is scheduled to kick in sometime this fall. The best is to register all of the domain names related to your business as soon as possible. Even if you don’t do anything with them you will have them available. It is possible to register a domain name for as low as $9.99 a year at SuperDomains.com (http://www.superdomains.com/) and this chore can be dealt within a few minutes.
ICANN itself could also have some more information available.
SuperDomains.com Blogging Teamhttp://www.superdomains.com/
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