The Internet Corporation for Assigned Names and Numbers will consider the proposition to lift restrictions un the use of one letter domain names such as a.com or x.com.
The ICANN board meets in Vancouver, British Columbia at the end of this week and will take a decision regarding the extension toward this yet unused domain names. There is a big chance that one letter domain names will start being used early next year.
"Obviously this is a valuable commodity," said Kurt Pritz, the corporation's vice president for business operations. "How would the name be sold?"
The system in use right now, the fist come first get basis may be changed as there is enormous interest regarding these domain names. Actually this is the most important problem that will be discussed by the board in the Sunday meeting. It is possible that one of these addresses to be sold at the price of millions as Yahoo, for an instance, applied for the y.com domain earlier this year.
"Obviously there's nothing more exquisite than names that are in extremely rare supply like that," Bentley said. "They would have a lot of cachet as a brand name. I could see there would be tons of demand."
The part I find most interesting is the concept of not doing them first come first serve. Perhaps InterNIC will auction them off. This would make them millions.