.Biz set to outdo .com
Since the announcement of the extensions last year, .BIZ is thought to become the most popular of the new extensions and to eventually supercede .COM.
Since the official launch of new .BIZ domain extension, new registrations have already been pouring in at a record-setting pace. Several registrar sites have already begun to make the .BIZ extension available to the public for registering.
ICANN, the regulatory agency which oversees the Internet's Domain Name System (DNS), had approved seven new domain extensions to meet the growing demand from the consumer and business sectors for easy-to-user Web addresses that indicated the nature of their businesses. These included extensions such as .name and .info as well. Since the announcement of the extensions last year, .BIZ was thought to become the most popular of the new extensions and to eventually supercede .COM.
The .BIZ registry will be managed by upstart NeuLevel, in direct competition with the former monopoly of Network Solutions. .BIZ represents the first new generic domain name to be introduced since .COM was first launched in 1984. Between 1984 and 1994, less than one million .COM domains were registered. Today, the total number of registrants for .BIZ is said to have exceeded one million.