A preferred embodiment of the present invention can accept an indication
of a domain name or set of domain names from interested entity. The
desired domain names are names that an interested entity desires to
register through a domain name registration system or systems, such as
that operated by a registry-accredited registrar. The system can closely
monitor the domain name registry or registrar databases used to provide
domain name resolution or registration over a distributed network, such
as the Internet, and determine the expiration or availability of the name
or names supplied by the interested entity. When a desired domain name
appears to be available, the system can register or re-register the
domain name through a domain registration service. If there is more than
one interested entity for a domain name, the system can also facilitate
an auction for the domain name.