Make sure to click the link for the full article.
http://www.theregister.co.uk/2008/08...main_auctions/
The body behind the internet's addressing systems has said that it will settle disputes over who wins the right to new generic top level domains (gTLDs) by auction.
ICANN (International Corporation for Assigned Names and Numbers) has said that auctions will be used if two organisations vying for the right to a gTLD are tied on other grounds.
ICANN announced earlier this summer that it would no longer limit the number of gTLDs to 21, and that almost any word or phrase could be registered as a domain.
The move has been condemned as a "nightmare" for brand owners because many will feel compelled to buy their brand's name on each of numerous new TLDs expected to appear.
ICANN's announcement that auctions will settle disputes over who will have the right to register words as domains is likely to be just as controversial.