A recent update in the domain industry involves significant price hikes by Identity Digital across several domain extensions, effective in early October 2024. Here are the key details:
- Biggest increases:
- .movie saw the largest hike, with a $15 increase per year.
- .healthcare followed closely with a $14 annual increase.
- Other notable price rises included .lgbt ($13), .archi ($12), and .plumbing ($12).
- Smaller increases:
- Extensions like .bet, .cab, and .city saw relatively minor increases of just $1.
These price changes impact renewals and new registrations, making it crucial for domain owners to act quickly if they wish to lock in current rates before any increases.
To manage costs, it’s advised to renew or register affected domains early, especially for those who own large portfolios or have a long-term domain strategy. This increase reflects a broader trend of rising costs in the domain name market as demand grows for niche TLDs.
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