Patent describes way to sell future rights to domain names through “encoding domains.”
Verisign (NASDAQ: VRSN) has filed two patents related to buying future rights to domain names for if they become available. The process is rather unique and it makes me wonder what Verisign (which manages the .com registry) has up its sleeve.
Only one of the patent applications has been published so far. Application number 15/488984 for “Domain Name Registration Reservation Through the Use of Encoding Domain Names” was filed on April 17, 2017 and published today (pdf). The application notes that an application for “Domain Name Registration Reservation Through the Use of Encoding Domain Names for Pools” was filed at the same time, but it has not been published.
The published application describes a system for backordering domain names should they become available due to a certain event, such as their expiration on a certain date or the current domain owner relinquishing the domain registration. Click here to continue reading…