The .pi domain auction in the Pi Network ecosystem has become a significant event, reflecting the increased utility of Pi coin and its expanding ecosystem.
Innovations in .pi Domains
.pi domains represent a new frontier in blockchain-based digital identity. They allow Pi Network users to establish a presence within the ecosystem and use Web3 innovation to enhance branding and digital commerce.
Auction Stats and Participation
The .pi domain auction has seen over 200,000 bids, with more than 40,000 unique participants. There were active bids on 95,000 domains, with a total of 2.9 million Pi staked. The highest bid reached 30,000 Pi.
Policy and Participation Rules
To participate in the auction, Pi Network released a detailed policy and rules regarding domain name issuance. The documents cover participation requirements, trademark issues, and other aspects of the auction.
The .pi domain auction reflects the evolution of Pi Network from a mobile cryptocurrency to a platform with full utility. The success of the auction highlights the platform's role in digital commerce and identity. The auction is set to conclude on June 28, 2025.
