I was looking through the .CO corporate website today when I noticed information about their Founders Program. Similar to what .mobi tried to do with reserved domain names, with no cost for an application, .CO is banking on companies or individuals to COme up with a great idea for a .CO domain name, which will become a centerpiece of sorts to show off .CO domain names.
Applicants can choose a premium domain name to develop, and if awarded, they will have the chance to develop their domain name before others will have an opportunity to acquire them on the aftermarket or through a registrar like Name.com.
Personally, I think this concept is smart. Not only will it reward great ideas, but it will help promote the .CO brand, and it will help bring greater consumer awareness of .CO, which is important when a new registry launches. Like I’ve said in the past, if consumers are aware of the extension and they adopt it, the domain names will become more valuable for domain investors.