Domain .tv can disappear?⁠⁠

Started by alvinwright, Today at 04:47 AM

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alvinwrightTopic starter

Tuvalu's foreign Minister recorded a speech for a climate conference while standing knee-deep in water.
Minister of Foreign Affairs of the Island State of Tuvalu (in Oceania) Simon Coffee recorded an address to the world community at the International Climate Conference (COP26), standing knee-deep in water. The announcement of the upcoming speech and a photo of the representative of the Ministry of Foreign Affairs appeared on the department's Facebook account.

The photo of the Minister of Tuvalu standing at the lectern in a suit and tie with his trousers rolled up to his knees in water was taken to draw attention to the problems of climate change. The island state may sink due to the rise in the level of the world's oceans, which was the result of climatic changes on the planet.

In the early 1990s, due to the development of the Internet, the Tuvalu national domain aroused particular interest among telecommunications (translated from English as "television"). In 1998, the Government of Tuvalu sold it to a Canadian company " "hoping for high incomes and a payout of USD$50 million.
But soon the deal was broken, and the domain was sold to the American company " Corporation International", which later became part of the company "Idealab! Internet Incubator" (headquarters in California). According to the new contract, Tuvalu received 20% of the shares of the new company and a minimum income of USD$50 million (the amount was to be paid for 12.5 years at USD $1.0 million per quarter). In 2000, the country received an additional one-time payment of USD$12.5 million.
But the potential of registration in the domain was too high, and at the end of 2001, "The .tv Corporation International" sold the domain for USD $ 45 million to another American company "Verisign Corporation", which is engaged in the registration of sites in the domains .com, .net and .org.

Tuvalu received an additional USD$10 million for signing the contract. According to the new agreement, the government of the country is also guaranteed annual payments of USD $ 2.2 million and 5% of the annual revenue from domain registration, and Verisign Corporation has received the rights to the domain until 2016.


They have an agreement with Australia that if it sucks at all, they will take .tv domain zone away.
There are not many people there, a couple of Papuans)))) and it is not sinking because of climate change, something is sinking there regularly, something appears.