Verisign finds way to sign ICANN contract, but it might come at the expense of IDN investors.
[Update: see comment from Verisign at end.]
It’s been a long, long wait for owners of internationalized domain names under .com.
The idea was that they’d get rights to IDN.IDN-as-transliteration domain names to match their IDN.com names when they came out. So they registered IDN.com domain names and held on to them for a decade, waiting for their investment to pay off.
Given that the IDN-as-transliteration sounds like “com”, it will create a lot of confusion if two different parties owned IDN.com and IDN.IDN-as-transliteration.
Verisign ran into a bit of trouble executing this plan when it came to contracting with ICANN. Registries can’t hold back a bunch of domains in perpetuity, as ICM Registry discovered.