ICANN is expected to re-open TLD registrations in 2-3 years but you can't actually buy a new TLD in the traditional system at the moment. Once the registrations open up, there's a $180k application fee (that's not a registration fee, you pay that whether you win the TLD or not) on top of the registration fee which can cost millions. Furthermore, ownership of the TLD is delegate by ICANN, which is a central authority as opposed to ownership of names on Handshake which are controlled by private keys that you control.
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