Pi Network celebrates its sixth anniversary with new features, including domain auctions and the PiFest festival. However, the price of Pi Coin continues to decline.
.pi Domain Auctions Launched
On March 14, Pi Network launched .pi domain auctions, allowing users to create personalized domain names using Pi coins. These auctions will continue until June 28, 2025. Participants can bid through the Pi Browser with a minimum bid of 10 Pi. The highest bidder will secure the domain, and exchange-based participants follow a separate process for payment.
First Open Network PiFest Commences
PiFest, a shopping event, started on March 14 and will last until March 21, 2025. It aims to promote Pi-powered commerce. Over 100,000 businesses have registered, with active sellers listed on the Map of Pi, a platform for finding participating businesses. The ecosystem interface is updated to simplify developer participation.
Pi Coin Continues Downtrend
Pi Coin price has been falling despite new announcements. It has dropped below $1.5 from intraday highs of $1.72 amid network issues hindering token migration. The cryptocurrency has observed a 22% drop since Thursday.
Despite significant ecosystem expansions, Pi Network faces challenges in financial markets, with the coin price continuing to fall. It remains to be seen if these innovations will positively impact Pi Coin's value in the coming months.
