It looks like single letter domains might be opened up for purchase. This could make ICANN some serious coin as I don’t know about you, but having a.com or even a slightly less desireable o.com could mean millions in revenue for the person willing to spend the millions to buy the rights to the letter.

Kurt Pritz, ICANN’s VP for business operations, says: “Obviously this is a valuable commodity. How would the name be sold?”

On one level, ICANN is responding to requests from companies that would like to snap up some of this virtual real-estate.

On another, though, this would give ICANN a windfall — perhaps letting it auction off single-letter domains for a total of tens of millions of dollars. This follows other ways it’s recently found to boost its revenue stream by levying fees on domain name owners.

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