Registering, buying or selling of internet domain names has been a big business for about a decade for several people with an estimated value of $2 billion. This is expected to double by 2010 with 90,000 registrations a day.
Registration of new domain names with registrars has been on the rise. According to VeriSign Inc., by the end of March 2007, as many as 128 million domain names were registered all over the world, representing an increase of about 31 per cent over the previous year.
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