No single individual or private company owns the overarching concept of a domain name, as the entire global domain name system is coordinated by the Internet Corporation for Assigned Names and Numbers, a nonprofit multi-stakeholder organization. When you register a web address, you do not possess absolute ownership of the underlying digital property; rather, you lease the exclusive right to use that specific domain name for a contractual period through an accredited registrar. Root zone registries and top-level domain operators manage the authoritative databases, while registrants maintain temporary administrative control conditioned upon adhering to registration agreements and paying ongoing renewal fees.