The .pi domain auction has become a pivotal event within the Pi Network ecosystem. With over 200,000 bids in the first week, this initiative underscores the importance of domains for users, businesses, and developers.
The Significance of .pi Domains
.pi domains offer new opportunities for blockchain-based digital identity. These unique identifiers allow users, businesses, and apps to establish their presence within the Pi ecosystem. By integrating with the Pi blockchain, the domains ensure secure ownership and management.
Auction Highlights
The auction, exclusive to the Pi Mainnet, has achieved impressive results: over 200,000 bids, participation by more than 40,000 unique bidders, and over 95,000 domains with active bids. The highest bid reached 30,000 Pi, highlighting the premium domains' high value.
New Policy and Rules
In response to community inquiries, Pi Network released documentation clarifying auction rules and participation, while addressing compliance and trademark issues. These measures aim to ensure process transparency and clarity.
The .pi domain auction emphasizes Pi's evolution from a mobile-first cryptocurrency to a platform with diverse use cases. It enables the community to develop apps, businesses, and services in the digital sphere.
