Most of its 10,000 inhabitants have never even seen a computer. Tuvalu, which is in the South Pacific, claims to be the smallest country on Earth. We believe it. All of its islands together are a third the size of the Dallas-Fort Worth airport. Fish is the only natural resource and coconut butter the only export.
Every country has a two-letter code under which it owns all the Internet domain names.
A California internet company called Idealab has agreed to pay the government 50 million dollars in royalties over 10 years for the rights to .tv. Idealab expects to make billions. Dot com is getting filled up. So with the opening up of .tv, there's a whole new frontier for businesses to make their stake. The government says it will use the money to improve the quality of life on the islands, building roads and schools.