The .pi Domain Auction by Pi Network attracted over 200,000 bids in its first week, highlighting active community participation and the growing utility of the Pi coin.
The Significance of .pi Domains
.pi domains represent a new frontier in blockchain-based digital identity. They allow individuals and businesses to integrate into the Pi ecosystem. Unlike traditional domains, .pi domains offer secure ownership through blockchain technology.
Auction Highlights
The auction, exclusive to Pi Mainnet users, resulted in over 200,000 bids. More than 95,000 domains received active bids, with the highest reaching 30,000 Pi. Proceeds will support ecosystem development.
Policy and Participation Rules
Pi Network released a detailed document outlining participation rules, including trademark requirements and conditions for participants. It also covers domain renewal and transfer possibilities.
The success of the .pi domain auction showcases Pi's evolution from cryptocurrency to platform-level utility, laying the groundwork for a vibrant Web3 economy.
