The .pi Domain Auction has sparked excitement within the Pi Network community, marking a significant milestone in the ecosystem's development.
Significance of .pi Domains
.pi domains represent a new era in blockchain-based digital identity. They allow users to establish a presence in the Pi ecosystem, integrating with the blockchain for secure management and operations. The .pi domain is also accessible via the '.pinet.com' extension on traditional browsers.
Auction Highlights
The .pi Domain Auction delivered over 200,000 bids from more than 40,000 unique participants. Over 95,000 domains received active bids, with 2.9 million Pi staked in total. The highest bid reached 30,000 Pi. Proceeds from the sales will support the development of the Pi ecosystem.
Auction Rules and Policies
Pi Network released a policy and FAQ to regulate the auction process. Rules address participant compliance and trademark protection. Pioneers can bid on multiple domains, and bids can be withdrawn until the auction concludes.
The .pi Domain Auction has become a crucial milestone in the development of Pi Network, affirming Pi's growing role in digital commerce and providing opportunities for a new Web3 economy.
