Some registries require domain name requests go through a registrar. For .COM, .NET, and .ORG names, Domain Bank is a registrar. The organization responsible for the actual administration and maintenance to a top-level domain is known as the registry. The registry is where registrants or registrars go for new or modify domain name requests. Most TLD registries require initial registration fees as well as annual or bi-annual renewal fees.
Prices vary from cost-free to thousands of dollars per domain depending on the TLD chosen.
Renewal Registration for most domain names needs to be renewed based on some scheduled yearly interval. The MightyDomains part is the second level domain. There are two types of Top Level Domains. New gTLDs such as .NOM, .INFO, or .WEB may be introduced sometime in the near future. Domain names can be sold to another organization or sometimes the name of a company might change.