.fm is the country code top-level domain (ccTLD) for the Federated States of Micronesia, a group of islands located in the Pacific Ocean. Except for reserved names like .com.fm, .net.fm, .org.fm and others, any person in the world can register a .fm domain for a fee, much of the income from which goes to the government and people of the islands. The domain name is popular (and thus economically valuable) due to it being mnemonic for FM radio (other similar ccTLDs are .am, .tv, and .cd).
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