.CO is Here
The new .co web extension is arguably the most attractive new extension available on the internet, and a huge win for companies who are looking to grab better domain names for themselves without outlaying huge amounts of cash to get the ones they want on .com. Starting June 21st, Landrush will allow anyone to apply for domain names of high commercial value, and on July 20th, .co registration will be open to all.

.CO $50,000 Contest
The people behind the new .co domain and Network Solutions are running a contest where you can win $50,000 for pitching an idea for a new business, blog or website. $25,000 is to go towards the web design and $25,000 is to be paid out in cash.

Some prominent judges are vetting the entrants, including:

• Peter Prestipino, Editor in Chief, Website Magazine
• Naval Ravikant, Top Ranked Angel Investor
• Tim Kelly, Network Solutions CEO

Entrants will need a 60-second video or picture, a business plan summarized in under 1000 words, and a few other details. Entries can be voted on here and currently include everything from human resources companies to an Aviation in Schools foundation. Eligibility is limited to the United States.

Source: Opportunity.co