ICANN opened application period for new gTLD applicants

I agree. Mission creep and expensive as well.

No one optimistic about Polkadot should think that investing in becoming a backbone provider could generate returns better than investing in “core” projects…

I agree about the registrar. I meant if $100K was required for registrar + backbone provider business - it’d take years to build it so it’d mean $500-$1,000 K over years. The odds of recouping those costs would seem slim to me.