ICANN to allow new domain names

The online community has been rattled by a decision by Internet Corporation for Assigned Numbers and Names (ICANN) to allow new domain names to be launched next year.

The changes will allow up to 1000 new web variations at a price of $185,000.

This new move will significantly expand the existing regime, although the changes have been limited to .com, .net and .org websites.

These changes are anticipated to allow companies to register unique website names or better protect their existing brands.