The Economics of Everyday Things
43. Top-Level Domains
Apr 8, 2024
Experts delve into the economics of top-level domains, showcasing how small countries profit from domains like .ai. They discuss challenges faced by nations, the rise of AI-related domains, and the complexities of managing country code top-level domains. The podcast explores the financial impact on nations and the intriguing journey of domain ownership changes in Anguilla.
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Quick takeaways
- Countries can turn top-level domains into lucrative digital assets, shifting economic reliance from traditional sectors.
- Top-level domains can be valuable national assets, but lack of digital infrastructure and external control pose challenges.
Deep dives
The Rise of the .ai Domain in Anguilla
Anguilla saw an economic shift from relying on tourism to capitalizing on the digital asset of the .ai domain. Vince Kate, the .ai domain administrator, transformed the domain, attracting global businesses interested in artificial intelligence. The revenue from .ai domains surged from 7.4 million in 2021 to around 30 million in 2023, comprising over 40% of the country's annual revenue.
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