New gTLDs are inching closer to becoming a reality, as ICANN has finished the Initial Evaluation for the first set of new gTLD applications and released the results to the general public.
According to ICANN, there are three possible outcomes of the Initial Evaluation process: pass, eligible for extended evaluation or ineligible for further review. It is important to note that the first batch of evaluated gTLDs were of non-English language, and among the first applicants to pass the evaluation are Amazon EU, Wal-mart and VeriSign Sarl.
ICANN states that it will continue to release Initial Evaluation results in priority order, in increments of 30 per week, with plans to increase to 100 per week. This process will continue until all Initial Evaluation results are completed, which ICANN anticipates will be by the end of August 2013. Furthermore, applications that pass the Initial Evaluation will be eligible to proceed to contracting, with execution of the Registry Agreement, as early as April 23, 2013.