You will soon be able to own a yourname.community domain name, thanks to ICANN’s New Generic Top-Level (gTLD) Domain Name Program.
In case some explanation is needed, ICANN is the organization responsible for the domain name system. A top-level domain (TLD) is what comes after the period in your web address. .com, .net, .org. These are all examples of top-level domains. The new gTLD program has been in the works for years, with applications initially opening in January of 2012.
During that period, many companies and organizations applied for gTLDs, for different reasons. For example, Amazon applied for .amazon. They also applied for .book, .movie, .author and many others. But .book and .movie both have multiple applicants, so Amazon will be one of several companies vying for them. Applications aren’t cheap – $185,000 each – and that doesn’t include the ongoing costs tied to maintenance and whatever goes into managing a TLD from the applicant’s end.