Internet domains are important for any company or organization to launch their website in to the web world to promote their brands.
In 1984, domain name system was created and launched in the market. It is a fact that every URL must contain a Hyper text transfer protocol, sub domain, second level domain and top level domain.
Every general top level domain(GTLD) has specific use like .COM is used only for commercial purpose, .EDU is for post secondary education sites, .GOV is preferably used by most of government agencies, .MIL is used by military organizations and .NET is used for network infrastructure purpose.
The cost incurred in creating your own GTLD is $185,000 for application fee and $ 25,000 should be paid to renew the registration every year. The revenue generated by total domain name sales is $250 billion and top registrar in the web world is GoDaddy.com with 34.2 million domains.