Advertisements

ICANN Sets New Application Fee for Top-Level Domains at $227,000

by Mary

ICANN has announced that the application fee for the upcoming round of new top-level domains (gTLDs) will be $227,000, an increase from the $185,000 charged in the previous round in 2012. The organization justifies the higher fee as necessary for the program to be self-funding, accounting for various costs involved in processing applications, delegating gTLDs, and managing related operations, including vendor contracts and pre-delegation checks.

ICANN’s calculations also include contingency and risk costs for unforeseen expenses, such as legal fees and fluctuations in vendor pricing. However, there is speculation that not all funds allocated for risk costs were utilized in the last round, leading to discussions about the possibility of application fee rebates, especially given that contention sets will likely be resolved through auctions that generate revenue for ICANN.

Advertisements

For many applicants, particularly those seeking one or two domain strings, the costs associated with legal, marketing, and technical preparations will significantly exceed the application fee itself.

Advertisements

You Might Be Interested In

Advertisements
Advertisements

You may also like

DailyBlogWriting.com offers fresh, insightful content on various topics, providing readers with daily articles to inspire, inform, and entertain. From health tips to tech trends, we cover it all with a commitment to quality and engaging writing.

TAGS

Copyright © 2023 dailyblogwriting.com