VeriSign to offer domain name waiting lists
VeriSign, controller of the '.com', '.net' and '.org' registries, has bought a licence from a company called SnapNames to develop a domain name waiting list service, which will exploit the increasing expiry rate of domain name registrations.
The service will allow parties to be next in line to register a domain name ending in '.com' or '.net' if the name is deleted from the relevant registry. The service will not be applied to '.org' domain names, however, because VeriSign's contract for control of the '.org' registry is due to expire.
VeriSign will sublicense the waiting list system to all registrars accredited by the Internet Corporation for Assigned Names and Numbers. Registrars are expected to charge applicants whatever the market will bear. Registrars would have been required to pay VeriSign $40 for each application, but this charge has been dropped.
Jon Fell, Masons, London
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