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The name is derived from the word network , indicating it was originally intended for organizations involved in networking technologies, such as Internet service providers and other infrastructure companies. However, there are no official restrictions and the domain is now a general-purpose namespace. It is still popular with network operators and the advertising sector,  and it is often treated as an alternative to com. Verisign , the operator of net after acquiring Network Solutions , held an operations contract that expired on 30 June ICANN , the organization responsible for domain management, sought proposals from organizations to operate the domain upon expiration of the contract. Verisign regained the contract bid and secured its control over the net registry for another six years. On 30 June , the contract with Verisign was automatically renewed for another six years. Registrations are processed via accredited registrars and internationalized domain names are also accepted. The first created. Net extension is the most preferred gTLD just after com.
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