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When the new gTLD applications were made --many large companies paid the application fee of $250K~ to ICCAN to have their company name allocated to them as a TLD. That is how .google came to be.
 
It is called a TLD ( Top Level Domain ). For example, .com .net .org are TLDs. Few years ago ICANN made it possible to buy your own TLD. If it is available, and with a huge sum of money ( six figures ), you can get your own TLD if it is not already taken.
 
ICANN is the 'internet gods' the gTLS applications cost $245,000 plus the actual costs in assembling the application proposal.
With performance bonds the cost of the gTLDs cost $750,000+
No ICANN didn't pay for the name string --you applied to become a registry
ICANN-->Registry-->Registrar-->Domain buyers
 
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