Jan. 30, 2006 - New .com contract w/Verisign

Some very interesting changes are set to be implimented with the heart of the internet, the .com industry. The company which oversees the domain registrations (ICANN) has completed the update to the contract with the vendor which facilitates the registrations (Verisign, formerly and aka Network Solutions).

Some of the highlights are as follows snipped from here:

• Removal of a transaction fee that would have been charged to all companies selling a dotcom domain
• A new direct contribution that VeriSign pays to ICANN direct
• Some limits on VeriSign's price-rising powers
• Reduced scope for VeriSign to sell personalised data to third-parties
• Marginally increased control over VeriSign's ability to introduce changes to the existing dotcom business model

However, the new agreement still provides VeriSign with a presumptive right of renewal - meaning effectively that it is given permanent control of the dotcom registry, and it also allows the company to seize control of all expiring domains - something that has become a large secondary market.

Mar. 1, 2006 - Picture