Blurb from article by Engadget:
…ICANN is just days away from ending a consultation into the future of the .com top-level domain that’ll put an end to Obama-era price freezes. If successful, it’ll see the cost of a .com address rise by two bucks by the end of 2026, and potentially more thereafter.
ICANN is a not-for-profit body, headquartered in LA, that co-ordinates the Domain Name System (DNS) to ensure unique web addresses exist. It outsources the actual buying-and-selling of those domains to third parties, and has oversight by the departments of Commerce and Justice. Now, however, it’s looking in to tweaking some of its rules to, potentially, benefit one of its partner companies above others.
Verisign has the exclusive right to sell .com domains, and since 2012 the price of a .com has been frozen at $7.85. ICANN and Verisign are planning to reverse the freeze, allowing the company to increase its price four out of every six years, potentially in perpetuity. The other part of the deal will offer Verisign the right to operate its own registrar for other domains it offers, allowing it to compete with other DNS businesses.
Price-wise, Verisign will be able to increase the wholesale price of a .com name by up to seven percent for four of the next six years. That means that, potentially, the cost of one such domain would rise to $10.26 by the end of 2026, although existing owners will have advance notice of any change to lock in existing prices for up to 10 years at a time.
We will keep you posted of any price increases as they happen and as always will attempt to keep the cost as low as possible.