discuss Verisign gets approval to sell O.com for $7.85

[BrandEntrance.com]

(Searched and did not find this here)

ICANN is to grant Verisign the right to sell a single-character .com domain name for the first time in over 25 years.

Verisign plans to auction the domain to the highest bidder, and then charge premium renewal fees that would essentially double the purchase price over a period of 25 years.

But the registry, already under scrutiny over its money-printing .com machine, would be banned from profiting from the sale.

Instead, Verisign would only receive its base registry fee — currently $7.85 per year — with the rest being held by an independent third party that would distribute the funds to worthy non-profit causes.

http://domainincite.com/24007-verisign-gets-approval-to-sell-o-com-for-7-85

 

[maxtra]

Thanks for sharing

 

[Windoms]

Guess we have a buyer.
They still getting over a billion in annual revenue.

 

[FolioTeam]

Thanks for the info

 

[offthehandle]

And, read the comments.

http://www.circleid.com/posts/20190313_portrait_of_a_single_character_domain_name_api/