Nobody really knew what the internet was capable of back then and this was a huge opportunity for people to own all kinds of do domain names. It was in 1995 that a company called Network Solutions was granted the rights to charge people for domain names. And it was expensive too: prices typically started at $100 per two years of registration.
As much as 30 per cent of this was a fee that went to the National Science Foundation to create an ‘Internet Intellectual Infrastructure Fund’. This fee was later reversed in 1997, bringing the charge down to $70 for two years.