May 3, 2025
Internet

How does Tuvalu, a small country that we don’t even know exists, make $10 million from just a domain name?

  • April 26, 2024
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Only 10,000 people live there The country is in a completely isolated position. There are no streams or rivers, rainwater is collected. It is full of coconut trees.

How does Tuvalu, a small country that we don’t even know exists, make  million from just a domain name?

Only 10,000 people live there The country is in a completely isolated position. There are no streams or rivers, rainwater is collected. It is full of coconut trees. Two of the nine islands that make up the country are on the verge of sinking.

Now that we have given all this information about the country, we now know how they do it make money from where you are we can come.

Their world changed in 1985 with a fax from the International Organization for Standardization (ISO).

Where's the canvas?

If the dates indicate 1985 Authority for assigned numbers over the Internet (IASA) has also started creating top-level domains for some countries.

domain name

This is the case for Tuvalu “.TV” happened. After receiving the fax, the authorities initially could not understand it because it was news on the Internet. this on the internet random letter assignmentwas the moment their story began.

It was an arrangement equivalent to finding oil in modern times.

canvas

It took thirteen years for their luck to turn around. They didn’t know what to do after the commercial domain code, but in 1998 they found out they could license the domain name. And when Tuvalu made its first $1 million United Nations participation fees paid.

American company based in Virginia in 2001 VeriSign Signed a big deal with. VeriSign had a network that operated top level domains such as “.com, .net, .org”. In 2011, the contract was renegotiated and the company moved to Tuvalu to manage the domain name “.tv”. He paid $5 million.

With Twitch the domain name became even more valuable.

Nervous twitching

As in 2014 Amazon’s acquisition of Twitch.tv for $970 million With “.tv” it has become even more valuable. After all, Twitch has a “.tv” code that uses this code. of the largest websites was one of them.

In 2021, the agreement between Tuvalu and VeriSign ended. The importance of the domain name for the country has once again come to the fore. Because in 2020 The gross national income of 67 million dollars 1/12th was the area code.

Because “.tv” was so valuable, the new deal was already around the corner. Registrar of internet domain names GoDaddy An agreement was signed with. With this agreement, the country becomes annual $10 million It was predicted that he would win.

A domain name returns to the country as a courtesy.

.TV

About 500,000 websites use this code In fact, it changed many things about them. The government states that it provides children with education and training with the money they earn, and that it further strengthens basic economic infrastructure by providing medical services.

What can we say, one Not to mention the domain name. The Internet community continues to make people laugh.

Sources: The Washington Post, The New York Times, Medium

Our other content where you can learn new information about countries:

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