domains More sticker shock as new gTLD fees could top $300,000

[Future Sensors]

More sticker shock as new gTLD fees could top $300,000

The base new gTLD application fee could top $300,000, according to an analysis released by ICANN at its meeting in Kigali, Rwanda, this morning.

The per-gTLD fee will likely range between $208,000 and $293,000, according to the latest estimate, but this does not include mandatory fees that have yet to be figured out that as a whole could amount to “tens of millions”.

ICANN is blaming inflation for most of the increase from the 2012 round, where the fee was $185,000. Staff said that if you take into account a 44% rise due to 14 years of inflation, the 2026 application fee could actually be lower in real-money terms.

Read more:

https://domainincite.com/29940-more-sticker-shock-as-new-gtld-fees-could-top-300000

 

[Leo2k]

Let's hope atleast that stops some useless extensions in the market

 

[HotKey]

The Internet's long overdue for a competitors in protocol governance space, yes? Imagine being limited to greasy McD's drive thru..

 

[789.xyz]

Currently, there are over 2000 domain extensions, and most of them have fewer than 100,000 or even 10,000 registrations. I am unsure if these companies can recoup their costs after spending hundreds of thousands of dollars.