Thompson Wall, 4/6/2015

If you happen to have an extra $25 to $40 lying around, you might want to consider jumping into the digital real estate market and investing in a New York City domain name.

Since the .nyc domain went on the market in Oct. 2014, New York City has amassed more than 12,000 new domains a month. That makes the Big Apple the fastest-growing city-specific domain name on the market, according to Softnik Technologies’ Domain Punch.

In June 2011, the Internet Corporation for Assigned Names and Numbers (ICANN)—the nonprofit entity that oversees the Internet’s naming system—officially approved a plan to accept new domain applications in an effort to accommodate the Internet's expansion beyond traditional domains like .com and .net. Each application costs a hefty $185,000, in addition to thousands or potentially millions in annual costs for the domain’s setup and upkeep, CNN Money notes.

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