Amidst a swirling tempest of market forces, Pi Network chooses its sixth anniversary to unveil a suite of transformative updates.

As prices of its native currency, Pi Coin, tumbled by 8% over the past 24 hours, reaching a nadir far removed from its February high

Pi Network is celebrating its sixth anniversary with a slew of updates, including the launch of a .pi Domains Auction System and the revamped Mainnet Ecosystem interface. The company is also kicking off PiFest, a shopping frenzy designed to spur economic activity within its digital marketplace.

To mark the occasion, Pi Network will also be giving away limited-edition 6th anniversary NFTs to commemorate this milestone year.

Since its launch in 2019, Pi Network has become one of the most popular cryptocurrency projects in the world. The project’s unique mobile mining app, which allows users to mine Pi Coin by simply checking into the app daily, has attracted over 35 million users.

The project has also developed a strong community presence, with users regularly interacting with each other and the project team on social media and in online forums.

This community support is evident in the sustained interest in Pi Network, even as the market has seen substantial shifts in recent times. As the project enters its seventh year, it continues to draw users and developers, forging a vibrant ecosystem where digital commerce, personal branding, and technological innovation converge.

The project’s commitment to fostering real-world utility is highlighted by the synchronized launch of a revamped Mainnet Ecosystem interface. This refreshed gateway opens doors for an expanded array of applications, cementing Pi Network’s quest to transition from potential energy to kinetic impact in the crypto sphere.

Moreover, the network’s innovative spirit is palpable as it heralds the start of PiFest, a shopping frenzy designed to engender economic activity within its digital marketplace. Here, users are invited to explore and transact, weaving their digital lives more intricately into the tapestry of Pi’s virtual commerce.

At the same time, Pi Network is introducing a new .pi Domains Auction System. This system will allow users to bid on and acquire domain names that can be used for a variety of purposes, such as personal branding, creating online storefronts, and more.

The bids will start at 1 Pi and increase in increments of 0.5 Pi. Each bid will be valid for 24 hours, and the highest bidder at the end of the 24-hour period will win the domain name.

The .pi Domains Auction System is a significant step forward for Pi Network as it will help to increase the demand for Pi Coin and drive further adoption of the project. It is also a unique and innovative initiative that is sure to generate interest and excitement among users.

“We are excited to be introducing these new features to the Pi Network community,” said a spokesperson for Pi Network. “We are constantly innovating and seeking ways to provide our users with the best possible experience.”

As Pi Network continues its journey, the project’s ability to balance market volatility with sustained community engagement will be crucial in determining its long-term success. With a focus on utility, an open-source ethos, and responsive development, Pi Network stands poised to navigate the turbulent yet promising landscape of cryptocurrency in 2025 and beyond.