Story by
Boris Veldhuijzen van Zanten
Founder & board member, TNWBoris is a serial entrepreneur who founded not only TNW, but also V3 Redirect Services (sold), HubHop Wireless Internet Provider (sold), and Boris is a serial entrepreneur who founded not only TNW, but also V3 Redirect Services (sold), HubHop Wireless Internet Provider (sold), and pr.co. Boris is very active on Twitter as @Boris and Instagram: @Boris.
Yesterday, VeriSign announced that the prices for registering .com and .net domain names will increase. The Internet services company agreed with the Internet Corporation for Assigned Names and Numbers (ICANN) that from October 1, the barrier for starting a dotcom site will be higher. This is odd news in an economy where things tend to get cheaper (or even Free) instead of more expensive.
Don’t panic though. The increase is minimal:
VeriSign said the registry fees for .com and .net domain names will increase to $6.86 and $4.23 from $6.42 and $3.85, respectively.
Individuals won’t have to worry about price increases but it might be another blow for domain tasting and kiting. Even a slight increase in costs might make their business-cases less attractive.
Source: Reuters.