The post Pi Network News: Can the Domain Auction Ignite a Pi Coin Price Surge? appeared on BitcoinEthereumNews.com.

Over 200,000 bids placed by 40,000+ users on 95,000 .pi domains, reigniting interest in Pi Network. Despite Pi Coin’s 73% drop from its peak, strong domain auction activity fuels optimism and developer engagement. After months of silence and flagging investor interest, the Pi Network is back in the spotlight. Its current domain auction has met with unexpected levels of participation, giving a much-needed shot in the arm to Pi Coin’s community. The token, now worth $0.7885, has declined nearly 73% from its all-time high of $2.98, but new activity is bringing optimism to its outlook. According to Pi blog, More than 200,000 bids have already been placed in the auction within a week, involving over 40,000 unique bidders and targeting a total of 95,000 .pi domains. Nearly 3 million Pi tokens have been committed in this bidding war. A few premium domains even fetched prices as high as 30,000 Pi each. Domains associated with major brands like Amazon and Samsung have become hot property in the Pi world, leading to fierce competition. There is growing recognition from developers and businesses who are beginning to see value in the blockchain-based Pi ecosystem. The Pi Core Team seems to believe that this shift could attract more services built on their network. High Stakes, High Hopes There’s a clear direction behind the auction proceeds. The Pi Core Team says that funds collected are going to be transferred to programs that are sustainably designed for developers, growth-related events, and expansion of the broader ecosystem. The team aims for long-term utility by means of enabling services to thrive within the Pi platform. Apps created within the network can still obtain domains without joining the public auction, but there’s a catch. Like traditional web domains, these .pi addresses will need to be renewed periodically. For now,…

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Filed under: News - @ March 28, 2025 12:24 am