The last batch of new TLDs that started being released to the web in 2014 were won in an auction held in 2012. Before that, there were just 22 general TLDs that you could choose to register a website. Now, new TLDs offer options for different addresses that are run by private entities. But running them comes at a cost.
ICANN charged a fee of $185,000 to apply to run a TLD in its last auction. Winners also have to pay $25,000 per year as an annual licence fee to ICANN. But CIRA is anticipating the new auction – possibly coming in 2017 – will see reduced fees for applicants because the anticipated legal fees weren’t as much as expected. Read more at itbusiness