How the market of web domains works

The Rise and Fall of .Ly

In 2012, the US imposed sanctions on Syria, for, among other things, their occupation of Lebanon, their apparent support for terrorist groups, and an intent to pursue weapons of mass destruction. One Slate reporter pointed out that this meant bad news, not for the Syrian people, but for a little startup called Artsy. Artsy — a social platform for sharing and purchasing art — occupied the domain Art.sy. The “.sy” in the URL is the country code for Syria. .Sy domains are ultimately registered with and purchased from a Syrian Internet authority. Although Artsy had registered Art.sy in 2011, before sanctions were imposed, Artsy’s annual payments to maintain the domain meant they were breaking sanctions ….[READ]

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