Most valuable Domain extensions: is .eth the next .com?
Most valuable Domain extensions: is .eth the next .com? What are Web domain extensions? In the beginning, domains were created as an alternative to the
The .ai domain name extension is an easy way to identify your startup or business or personal website with Artificial Intelligence, Machine Learning and other Future Technologies. While many one-word prestige domain names ending in .com are unattainable or cost millions, you can own a short easy to remember one word .ai domain name in the thousands or tens of thousands, or even for the small registration fee of $100.
Next on our series of articles about the diverse range of domain extensions available is this one, covering everything you need to know about the .ai domain.
With a population in Anguilla of approximately 15,000 people, you wouldn’t expect there to be a massive demand for their ccTLD, the .ai domain. However, what this article will help explain is why there are far more domains than people in Anguilla and how it has been embraced by tech firms of all shapes and sizes, from the giants like Google and Meta, down to small start-ups.
To fully understand the .ai domain phenomenon, it is important to reflect on the history of domain name extensions and how we got to the current array of domains. So let’s get started…
Domain name extensions like.ai have come about because of the need to evolve a system that started back in the early 1980s. The reason for the Domain Name System (DNS) being invented is that originally if you wished to connect to a different user you would have to write a numerical address.
Clearly, in the early days when it was more of a closed shop, this wasn’t a major issue but as the internet started to develop and become widely used a change was required. Originally developed for ARPAnet, a domain name converts a website’s IP address into a more readable name.
When we talk about domain name extensions or Top-level Domains (TLDs), we refer to the end part of the domain name. As a helpful example, look at our domain www.cloudname.com. Everything after ‘cloudname’ is the TLD, which in this case is .com.
The organisation that allocates these TLDs, approves registrars to manage them and many other aspects of the internet is The Internet Corporation for Assigned Names and Numbers (ICANN).
Over time, domain extensions have evolved from the initial handful to countless varieties to choose from. Ultimately, all of these variations fall into four categories and it is important to be aware of the differences as they can sometimes affect the performance of your website or the ability to utilise it fully.
If you’d like to read more about this topic then we recommend this article on the Cloudname site.
The original set of TLDs that we will all be very familiar with, including .com, .net and .org. Thanks to their history and reputation, these TLDs are in high demand and it can be challenging to find the perfect domain you want with an extension like .com.
As part of the development of domain extensions, each country has been allocated their own TLDs. Most common examples include .co.uk for the United Kingdom and .ca for Canada. These are often owned by the government of that country and link a website to that particular region. This is the category that .ai domains fall under, but used for different purposes as we will discover.
The marketplace for domains is an increasingly competitive one, with more and more people wanting websites or domains for their crypto wallets. As a result, new gTLDs are regularly announced to help diversify this market. Whilst lacking the history or reputation of older extensions, they do offer more creative and industry-focused options like .tech and .blog.
With the development of blockchain technology and the increasing support for cryptocurrency, a new form of domain extension has been developed. Crypto domains differ in a few ways from normal TLDs, particularly in the fact that they are based on a blockchain and so can be purchased indefinitely as opposed to renewed each year. They are used for crypto wallets and websites.
The .ai domain extension was initially created for Anguilla, a British Overseas Territory island in the Caribbean. The intention for this domain extension was like any of ccTLD in that it was to represent websites of businesses and people living and operating in this country.
However, given the country has a population of approximately 15,000 it was clear that demand for a domain intrinsically linked to Artificial Intelligence (AI) was going to be used for different purposes.
Technology companies across the world, particularly those with a focus on AI have snapped up the .ai equivalent of their existing domains and many others because of the domain hack potential.
Let’s start with who uses them and the simple answer is all of the major technology players! Google not only owns google.ai but also purchased start-ups that had their own .ai domains.
It is easier see understand why this is happening if we look at some financial information relating to the AI industry. In 2020, corporations invested almost $68 billion in artificial intelligence. This is an incredible number which shows the increasing focus on this area of science.
As a result, the .ai domain is becoming more and more popular for those entering or expanding their presence in the arena of artificial intelligence.
We have already touched on the main reasons why an .ai domain extension is a popular choice for organisations and projects around the world. However, there is more to it than simply artificial intelligence, as we have summarised below:
You may have some concerns about whether you should invest in an .ai or .io domain and whilst they both closely relate to the world of tech there are some key differences.
When we refer to ‘IO’ in the tech world, we often mean input/output, a more generic term that can be linked to different aspects of technology such as data. We talk more about that here. When it comes to .ai, the implication is more specific in that it refers to artificial intelligence.
Ultimately, you can get any domain extension you wish for your business or project but it is important to think about the impression that you give to potential customers when they see your domain name. It has to make sense, it has to engage and it has to drive them to your website.
With any domain extension, there can be risks but in general, they can be mitigated by being aware of the risks and understanding what they mean. To help, we’ve summarised a couple of the key challenges internet users face.
Firstly, just because a website ends in .ai, it doesn’t mean it relates to the field of artificial intelligence. You should always be careful and do your research on the website and organisation behind it before trading with them or sharing information.
Secondly, for those looking to invest in domains as a trading opportunity, it is a smaller market than others and still not the most widely used. For example, large corporations have purchased .ai domains but often they still just redirect you to their traditional .com domain. This may mean they are a riskier investment for now but could also pay off in the long term.
With the development of new technology and the introduction of new domain extensions, it is important to remember that there are existing extensions out there like .ai that can be repurposed. If each country or region has a ccTLD, it doesn’t necessarily mean they have to be used for that specific location.
In many cases, Google doesn’t penalise a website due to geo-location issues and so a ccTLD can turn into a brand-friendly, engaging domain for your organisation.
If you want to get started and explore the different domains available to trade, join the community at Cloudname, the first truly all-in-one domain trading platform.
Cloudname is the innovative platform for online domain trading. Discover the world of cloudname and everything you didn’t know about domain trading.
Most valuable Domain extensions: is .eth the next .com? What are Web domain extensions? In the beginning, domains were created as an alternative to the
Web3 domain names are blockchain-based DNS addresses that allow each user to create and manage their domains. These addresses represent a user’s wallets. They are
How to invest in Web3 When Web1 came into the limelight, people would have probably thought it was the peak of the internet. Then Web2
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On 28/01/2023 a whitelist of eligible wallets will be published (any wallet holding $CNAME since before 27/01/2023 – NOTE: the tokens needs to be in a WALLET and not for example in an exchange)
Whitelisted users will be able to Redeem $CNAME directly on the Cloudname website.
The application page will allow users to connect their wallet and choose how many $CNAME to redeem.
Once the $CNAME are sent, users will immediately receive an email with a Freename promo code. Every promo code will be $100 max, and is not cumulative (e.g. if you redeem $1,000 in $CNAME, you will receive 10x $100 promo-codes)
Happy Web3 TLDs and Domains Shopping!