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Cryptocurrency News Articles
Pi Network Launches .pi Domains, Opening Up Its Blockchain Ecosystem to New Opportunities
Mar 17, 2025 at 08:37 pm
Pi Network has taken a big step in growing its blockchain ecosystem by launching .pi domains. Announced on Pi Day 2025, this new initiative allows businesses
Pi Network, the blockchain project that began as a mining app on smartphones in 2015, has taken another step in building out its ecosystem with the launch of .pi domains.
The new domains, which allow businesses, developers, and community members to claim personalized domain names, were announced on Pi Day 2025 and will be offered through a blockchain-based auction.
Announced on Pi Day 2025 and coinciding with the launch of PiFest 2025, this new initiative will see .pi domains available for blockchain-based auction, with users bidding on their preferred domain names using Pi Coin (PI). The auction will commence on March 14, 2025, and conclude on June 28, 2025.
Speaking on the new domains and the upcoming festival in a recent video, Pi Founder and Head of Technology, Nicolas Kokkalis, compared .pi domains to traditional internet domains, highlighting their potential to transform digital interactions.
“Just as traditional domains shaped the internet, we know today .pi domains can transform how we connect, interact, and build within our digital space and beyond,” Kokkalis said.
He described .pi domains as a natural evolution of Pi’s ecosystem, providing users with a unique digital address that enhances their online presence within the network.
“These domains are an extension of the decentralized web3 space that we’re building together, a space where users have control and ownership of their digital identities and data,” he added.
The domains will be offered in a blockchain-based auction, with bidders able to use Pi Coin to secure their preferred domain names.
Kokkalis explained that the extended auction period provides ample time for users to carefully select and bid on the right digital identity without any pressure to quickly claim a domain or overpay.
“This allows for a measured and engaged approach to securing a unique part of the Pi Network domain space,” he said.
However, despite the excitement surrounding the launch of .pi domains, members of the Pi community have raised concerns over the practicality of these domains.
Unlike traditional domains that can be accessed through any web browser, .pi addresses are limited to the Pi Browser or a “pinet.com” extension.
Moreover, these domains operate within a closed network, raising questions about governance, security, and legal protections.
With the core team having complete control over the domains and a lack of regulatory oversight, there are concerns about potential abuse or favoritism in allocating valuable domain names.
The auction listing for “Google.pi” has also sparked discussions about possible trademark and copyright issues, as the domains could be used to create replicas of existing websites.
Despite these concerns, many Pi supporters believe that .pi domains could become as valuable as .com domains did in the past, especially considering the early adopters will have a chance to secure valuable domain names.
With businesses needing to use Pi Coin to buy their domains, this initiative could drive greater adoption of the cryptocurrency.
This move is seen as a smart marketing strategy that could generate more interest in Pi Network and blockchain technology among a broader audience.
However, despite the anticipation for .pi domains, PI’s price has been on a decline in recent days. Over the last 24 hours, PI has dropped 7.1%, and in the past two weeks, it has fallen 16.7%.
Trading volume has also decreased by 9.8%, indicating a continued downward trend.
After reaching a high of $4.08 on March 13, PI dropped to $3.81 by midday on March 14.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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