Many in the industry are not aware, but ICANN gave sole power to set domain prices to the popular SSL company Verisign. All major registrars like Godaddy or Network solutions register domains through Verisign and usually charge an upsell of a few cents (if you type in “godaddy domain” into Google it will probably bring up a sponsored ad for a $6.99 domain through Godaddy). However, on July 1, Verisign increased the rates for registry domain names for .com and .net per its agreements with ICANN.
The registry fee for .com domain names increased from $6.86 to $7.34 and that the registry fee for .net domain names increased from $4.23 to $4.65.
As the economy and society becomes increasingly dependent on digital technology, it is imperative that investment in the underlying infrastructure, including .com and .net, continue to keep pace with the robust growth of the Internet and ensure its continued security and reliability. Over the last decade, the volume of Internet traffic and domain name system (DNS) queries on VeriSign’s global infrastructure has increased from an average of approximately 2 billion queries per day in the year 2000 to more than 50 billion queries per day today while maintaining 100 percent operational accuracy and stability for the last eleven years.
Over the next decade, VeriSign says they will continue investment to build out the .com and .net infrastructures to manage the increasing demands on the infrastructure brought on by the proliferation of Internet-enabled phones and devices and the emergence of DNS-centric technologies and services. VeriSign also continues to scale and fortify the .com and .net infrastructures globally to defend against increasingly sophisticated cyber attacks.