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An island in the middle of the Pacific earns millionaires thanks to Twitch

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Microstate of TuvaluanLocated in the middle of the Pacific Ocean between Hawaii and Australia, you can hardly imagine it They will get a large part of their income from the internet. It was in 1995 that one of the island’s strategic planners and later finance minister, Stephen Boland, received a fax advising that his nation Unique ‘.tv’ domain for country official websites.

While the potential of the Internet was unknown at the time, After 25 years the business has become very profitable For this simple detail. With the evolution of social networks and online platforms, these domains have become highly sought after, especially Television or live broadcast.

with The entire island has only 11,925 inhabitants And surrounded by reefs and coral reefs, this idyllic spot on the Pacific Ocean became independent from the United Kingdom in 1978, when it was part of the Gilbert and Ellis Islands Protectorate. Although their industry is based on fishing and farming, the lack of land to grow crops means they must do so Import most goods and food. Accordingly World Bank data, its GDP has been growing year on year and its growth was 3% per year in 2021, even higher than nearby islands such as Fiji or the Solomon Islands. count with one GDP per capita $5,291.5While Spain reached 30,115.7 and China, the second global prospect and first in Asia, reached 12,556.3.

Limited internet, millionaire income

Despite the fact that internet access is limited on the island, as it comes mainly through a Satellite connectionIt is estimated that 1 in 12 dollars comes from their gross national income Payments that technical giants need to make For use of this domain, point from The The Washington Post.

This is exactly Twisting hairLive streaming platform owned by Amazon and Used ‘.tv’ for all its domains. Thus, each year Tuvalu receives a large amount of money for the licenses granted to companies. Accordingly Domain Tools More than 455,192 websites use this domain, so they are all external Pay you extra for the license.

It started from 1998 Market this license With a special Canadian company and after receiving a million dollars for this income, they decided Pay a fee to become a member of the UN. Already in 2001, he negotiated with Verisign to earn $5 million per year until 2021, when his contract expired. Now A He signed a contract with GoDaddy allows them Earn more than 10 million dollars annually For lease of this domain.

Not only is Tuvalu harnessing the potential of its ‘.tv’ domain, it has become another leader in the digital world after announcing it will begin using it. Blockchain technology to reverse the use of cashpoint from Common Wealth Innovation.

Source: lainformacion.com

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