The new batch of numerical domains will consist of six, seven, eight and nine digits. All can be registered and renewed for the wholesale price of $ 0.65 or the recommended retail of $0.99.
.xyz is one of the most popular gTLDs — it is registered in 230 countries and at over 180 registrars.
According to the company’s management, this move is intended to foster creativity and innovation by offering a huge number of relatively cheap domains for alternative uses. With the emergence of IoT, the new numerical domains can be used to match individual cars in a fleet, pet microchips, employees in a big company, etc. It is also suggested that they can be used as a virtual currency similar to Bitcoins because of their low cost, security and versatility.
Expectations for the launch of 1.111B Class are huge, but only time will tell.
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