I believe that is how the country code TLDs do work, but most nations (who are given ownership of them) they just hire a corporation to sell domains and make re

I believe that is how the country code TLDs do work, but most nations (who are given ownership of them) they just hire a corporation to sell domains and make rent seeking gross revenue off a few characters of a URL. But those are eclipsed by the generic TLDs where its just a happy accident registrars and rent seekers are making fortunes off of words with com or net at the end of them.