ICANN again raised the issue of lifelong domain registration

The ICANN meeting in Barcelona in October 2018 discussed the possibility of eternal domain name registration, in which the client pays for registration only once, and the domain remains with him for life if he does not want to sell it.

This form of registration can be attractive to users because they never have to worry about renewing a domain name. As you know, even large companies sometimes forget to renew the registration of their domains, resulting in unnecessary problems. In addition, you can not think about a possible increase in prices for registration and renewal of the domain in the future. For registrars, this makes it possible to get large one-time profits.

Epik's founder Rob Monster told the conference that his company already offers perpetual domain registration. The cost of such a domain is 420 dollars. However, in fact, this is not yet a truly eternal registration, since this form of domain purchase has not yet been approved on the domain market. In order to be able to register a domain forever, it is necessary that domain zone administrators, such as VeriSign, as well as ICANN itself set the amount of deductions from such domain names. Rob Monster believes that ICANN should address this issue, since the new type of registration will enrich the domain business.

Now, Epik, accepting a lifetime registration payment, simply registers a domain for ten years (the maximum registration term allowed now). After deductions in favor of ICANN and the domain zone administrator, Epik has $ 326 out of $ 420. The remaining funds will be spent on the renewal of the domain after the end of the ten-year period.