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One of the world's smallest economies stumbled into a fortune it never built. Tuvalu happened to be assigned the internet suffix '.tv', and leasing those two letters to the world now underwrites one of the biggest streams of income its government earns on its own
A Pacific nation's accidental windfall from two letters reveals how geography, not innovation, can determine a country's economic fate.
Tuvalu leases its internet suffix, .tv, to a commercial registry operator, and the payments come back as a budget line worth more than A$10 million a year. Among the revenues the government raises on its own account, only tuna licences and taxation bring in more.
Nobody in Tuvalu designed the asset, chose it, or bid for it.
Country code top level domains are not awarded on merit or sold at auction. They follow ISO 3166-1, the international standard that assigns each country a two-letter code, and the code for Tuvalu is TV. When the domain name system was extended to national suffixes, Tuvalu received the string that matched its entry, in the same mechanical way France received .fr and Kenya received .ke.
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