Unstoppable Domains Drops ICANN Bid for .crypto and .bitcoin, Citing Costs and Weak Demand

BitcoinWorld Unstoppable Domains Drops ICANN Bid for .crypto and .bitcoin, Citing Costs and Weak Demand Unstoppable Domains has withdrawn its planned $2 million application to the Internet Corporation for Assigned Names and Numbers (ICANN) to register 14 domain extensions, including .crypto and .bitcoin, under the standard Domain Name System (DNS).

The decision, first reported by CoinDesk, was driven primarily by review fees of $227,000 per application and a weaker-than-expected demand in the Web3 market.

Background: What the ICANN Application Meant Unstoppable Domains, a leading provider of blockchain-based domain names, had sought to bridge the gap between Web3 and the traditional internet by applying for top-level domains (TLDs) like .crypto and .bitcoin through ICANN’s new gTLD program.

Approval would have allowed these domains to be accessed directly via standard web browsers such as Chrome and Safari, without requiring special extensions or gateway services.