Entrepreneurs take note; from November 12 to 19 some of the world’s most desirable domain names will come up for auction; thanks to a collaboration between .CO Internet, the company responsible for the international .CO domain, and Sedo.co, the world’s largest domain marketplace.
There will be 150 .CO domains up for auction, which the companies have especially selected for the week. Some 50 of the domains will come from .CO Internet’s own reserve of premium domains, making this one of the largest single releases of reserved .COs in the provider’s two year history.
With these being reserved name the companies have placed a starting bid of $500USD on each of the potential domains (GoDaddy auctions some domains with a starting price of over $4,500 USD).
With good domain names becoming increasingly scarce, 2012 has been a year when several of the large domain organisations have proposed or furthered the creation of new domain name structures.
ICANN, the organisation which is responsible for the management of the internet, released the names of dozens of Generic Top Level Domain which companies had applied for. This system allows companies to create their own .COM like customised domains such as .APP, .LIKE, .GOOGLE, .APPLE. Several of these domains are expected to go live in 2013.
In October, the operator of the UK’s national domain system made proposals that would allow UK companies apply for .UK domains alongside the usual .CO.UK domains.
The release of these premium .CO domains comes a year after the release of the .XXX domain for adult content.
Sedo’s Chief Sales Officer, Liesbeth Mack-de Boer, says the auction is designed to help with the challenge entrepreneurs face in registering strong domains, “.CO has become the premier choice for start-ups who may not be able to register legacy extensions which are often more cost-prohibitive or already registered. For entrepreneurs and start-ups, this premium .CO auction provides a great opportunity to purchase a domain that will help grow their business.”
“The .CO domain was built from the ground up to support entrepreneurs,” said Lori Anne Wardi, .CO Internet’s Vice President, “so it’s really exciting for us to help Sedo to celebrate Global Entrepreneurship Week by making some of the hottest .CO domain names available to cool global start-ups who will use them to build the businesses and brands that help shape the future.”
With 150 domains up for auction (you can see them all here) here what we think are some of the best (our personal favourites are geek.co and holy.co);
.CO Internet and Sedo said the domains have been chosen to appeal to various parties involved in the start-up process; including, Entrepreneurs, incubators, accelerators, VCs, angels, investors, start-ups, founders, innovators, developers, designers, agencies, marketers.
The auction process starts on Monday, November 12 on Sedo.co.