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[In-depth Explanation] What is Pi Network’s “.pi Domain”? A Clear Explanation of its Potential as a New Asset in the Web3 Era

“Pi Network,” which has garnered global attention for allowing smartphone mining, has announced a new feature called “.pi domain.” This feature holds the potential to significantly impact the future of the ecosystem and has caused great excitement within the community.

When you hear “domain,” you might think of website addresses like “example.com,” but the .pi domain signifies much more. It could become your new “digital identity” in Web3 (Web3), which will form the foundation of the coming digital society.

In this article, we will explain the following topics in a way that allows even those without specialized prior knowledge to understand deeply and accurately:

Why are “Web3 domains” currently attracting global attention?
What is the true value of the “.pi domain” announced by Pi Network?
How will owning it change our digital lives?

Why Are Web3 Domains Gaining Attention Now?

To understand the innovation of the Pi domain, let’s first look at the larger trend of “Web3 domains” that underpins it. By understanding why this is important for the modern internet, the true value of the Pi domain becomes clear.

The domains we commonly use, such as “example.com” or “example.jp,” are managed by a system called DNS (Domain Name System). While highly convenient, this is a “centralized” system managed by specific companies or organizations.

In contrast, Web3 domains are characterized by their ability to allow individuals to directly manage domain ownership using blockchain technology (a decentralized, tamper-proof digital ledger monitored by everyone). A prime example of this is “ENS (Ethereum Name Service)” on the Ethereum blockchain.

With the advent of ENS, users can now use human-readable names like “yourname.eth” instead of long, complex wallet addresses starting with “0x…”. This not only added convenience but also created a new digital asset market where domains themselves become personal assets (NFTs) that anyone can freely buy and sell.

The Core of Pi Network’s “Pi Domains”

Now, let’s delve into the main topic: Pi Network’s “Pi Domains.” How does this work, and what changes will it bring to us, the Pi users?

Officially announced on “Pi Day,” March 14, 2025, the purpose of this new feature is very simple yet powerful: just as ENS achieved on Ethereum, it aims to replace Pi Network’s long and complex wallet addresses with human-memorable and user-friendly names like “yourname.pi.”

This is expected to dramatically smooth and secure various activities within the Pi Network ecosystem (economic sphere), such as sending and receiving Pi coins, and using the many services that will emerge in the future.

How the .pi Domain Works and the Benefits We Gain

How exactly do .pi domains function, and what advantages do we gain by owning them? Here, we will explain their mechanism and specific benefits across three key points.

Mechanism: “Your Property” Guaranteed by Blockchain

The .pi domain functions as a type of NFT (Non-Fungible Token) managed on the Pi blockchain. This ensures that once acquired, ownership of the domain is strongly protected by the blockchain, making it “your asset” that cannot be taken away by anyone. The acquisition method employs an auction (bidding) system using Pi coins, where the highest bidder secures the domain.

Benefit 1: Convenience – Error-Free, Easy Transactions

The biggest advantage is the overwhelming improvement in convenience. Previously, one of the most careful tasks in cryptocurrency transfers was accurately copying and pasting long, complex wallet addresses. However, with a .pi domain, you can simply type “friend.pi” when sending Pi to a friend, dramatically reducing the risk of erroneous transfers.

Benefit 2: Identity – Your “Signboard” in the Pi World

The .pi domain will serve as a unified “digital identity” to identify you in various dApps (decentralized applications) and online stores that will be developed within the Pi ecosystem. This can act as your “signboard” or “business card” in the Pi world, similar to a brand name for a business or a personal nickname.

Benefit 3: Asset Value – An Investment in the Future

Just as domains like “amazon.eth” and short, memorable words were traded at high prices on ENS, highly sought-after or easily remembered short .pi domains hold the potential to become valuable assets in the future. Acquiring a desirable domain early can be seen as an investment betting on the growth of the Pi Network.

Community Reaction and Future Outlook

The advent of new technology always brings vitality and discussion to the community. As seen by the buzz in the Indonesian community regarding a prominent account named “Wira PI” reportedly acquiring a domain after the .pi domain announcement (according to source information), users worldwide are showing very high interest in .pi domains.

Such community reactions are evidence that many users perceive “value” and “potential” in the .pi domain that goes beyond mere convenience. In fact, according to official announcements, hundreds of thousands of bids have already been placed, indicating the community’s enthusiasm.

Moving forward, as the Pi ecosystem transitions to the open mainnet and expands further, it is expected that this domain will be used in an even wider variety of applications than we can imagine, including payments, dApp logins, and website publishing.

Summary: Will Pi Domain Be an Accessible Gateway to Web3?

Let’s review the key points of this article:

The .pi domain is a significant step towards resolving Web3 complexity and making blockchain technology more accessible.
It is not just an alias for an address; it is your “digital identity” within the Pi ecosystem itself.
Owning it offers three major benefits: “increased convenience,” “establishment of identity,” and “potential for asset value.”

Of course, the ultimate success of the Pi Network project is not yet guaranteed. However, the .pi domain initiative, spearheaded by this massive project with tens of millions of users worldwide, holds significant potential to become the most accessible gateway for many people to genuinely experience the Web3 world for the first time.

For those interested in the trends of this new digital asset, it is recommended to regularly check the latest information from Pi Network’s official app and website, while being cautious of fraudulent information.

Deep Dive: Pi Network’s ‘.pi Domain’ Strategy – From Name Grab to True Value Creation

Pi Network, a project gaining global attention for its easy smartphone mining, is seeing a surge in auctions for a new digital asset within its ecosystem: the ‘.pi domain’. However, beneath the surface, speculative activities have intensified, prompting the Pi Network Core Team to introduce new strategies and policies aimed at fostering healthy ecosystem growth.

This article delves into these latest developments, explaining in an easy-to-understand manner what the true value of the ‘.pi domain’ is, beyond merely a scramble for names, and what Pi Network truly aims for.

Latest Updates to Pi Network’s ‘.pi Domain Auction’

So, what exactly has changed? Recent updates have significantly improved the auction’s transparency and usability. Here, we’ll outline the main changes:

Introduction of a Statistics Page: A dedicated page has been added to provide real-time updates on auction status, including which domains are receiving the most bids and the highest bid prices. This enhances transparency by making overall trends visible.
Auction Functionality as a Standalone App: The auction feature, previously part of the Pi wallet, has become an independent application. This allows for UI (User Interface) improvements and the addition of unique features, such as the email notifications mentioned later.
Improved UI/UX and Accessibility: The overall interface has been refined, making it more intuitive and smoother for more users to participate in bidding.

These updates are designed to create a fairer environment, enabling more users to participate.

Emerging Challenge: The Problem of ‘Domain Squatting’

However, as auction activity intensifies, a concern flagged by the Core Team has also come to light: ‘Domain Squatting’. This section will explain what this issue is and why it could hinder the healthy growth of the Pi Network ecosystem.

What is Domain Squatting?

Domain squatting refers to the act of acquiring a domain name that includes a specific company name, a famous brand name, or a common word likely to increase in value in the future, before the person or company who would legitimately use it. The primary goal is often to resell that domain name at a high price for profit later on.

To illustrate with a familiar example, it’s like someone who hears about a new city development buying up all the addresses like “Station Front 1st Street” or “Ginza Avenue,” which are likely to become famous, before people who actually want to open shops there. Those who genuinely want to build a store would then have no choice but to buy the address at an exorbitant price or open their business in a less prominent location.

The Pi Network Core Team points out that in the Pi Network auction, activities indicative of squatting are active, such as famous company names like “tesla.pi” and “amazon.pi” receiving high bids. Such practices could impede the overall development of the ecosystem.

The Core Team’s Vision for ‘.pi Domains’ – Functional Identity in the Web3 Era

So, if the purpose isn’t speculative trading, what value does the Core Team see in ‘.pi domains’? The answer lies in the concept of “functional identity in the Web3 era.”

This means more than just functioning as a website address. A ‘.pi domain’ is a type of “Web3 domain” based on blockchain technology, and it is expected to play multi-faceted roles, such as:

Recognizable Access Point: Instead of complex wallet addresses (e.g., GABCD...XYZ), users can send and receive Pi coins using human-readable names like “your-shop.pi.”
Gateway to Apps and Services: Users can directly access specific decentralized applications (dApps) or services by simply typing “game-app.pi” into their browser.
Digital ‘Face’ or ‘Signboard’: It serves as a central element for individuals and businesses to establish their brand or identity within the Pi Network ecosystem.

The Core Team’s vision is for .pi domains to be utilized not merely as speculative assets, but as reliable entry points for functional stores, tools, and services within the Pi ecosystem. This utility is deemed to be the true creator of a domain’s value.

Future Outlook: A Shift Towards Developer Support and Utility Creation

To realize this vision, Pi Network is preparing its next move. It’s not just about providing the ‘land’ of a domain, but about enabling anyone to easily ‘build structures (i.e., apps and services)’ on that land.

Specifically, it has been indicated that tools are being developed to make it easier for even non-programming experts to build and deploy applications. This will clearly shift the project’s focus from speculative name trading to supporting the creation of actual services and businesses.

Summary: The Potential of ‘.pi Domains’ Beyond Speculation

To summarize Pi Network’s recent announcements:

Improved Usability: The auction function has been updated, making it more accessible.
Clarified Challenges: Speculative activities like “domain squatting” are being addressed as an issue.
Vision Presented: The Core Team aims for domain ‘utility’ rather than speculation.
Future Foundation: Tools will be provided to enable anyone to participate in development, fostering ecosystem growth.

Pi Network’s ‘.pi domain’ holds immense potential as a new digital asset in the Web3 era. However, whether its value will be generated by short-term speculation or built upon long-term utility remains to be seen. The Core Team has clearly chosen the latter path, demonstrating its commitment to creating an environment for that purpose.

This policy shift will be a crucial test to determine whether Pi Network ends up as a fleeting trend or genuinely builds a sustainable digital economy.

Pi Network New Feature: .pi Domain Overview and the Possibility of a Blockchain Revolution

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Pi Network has introduced a groundbreaking new feature, “.pi domain,” as part of its ecosystem expansion. This article provides a thorough explanation of the details of this innovative domain system, the auction process, and its future potential.

What is the Pi Network .pi Domain?

The .pi domain is a unique domain extension officially announced by Pi Network on “Pi Day,” March 14, 2025. Similar to .com, .net, .org, etc., used in the traditional internet, it functions as an address in the digital space, but it is specifically intended for use within the Pi Network ecosystem.

Nicolas Kokkalis, founder of Pi Network, stated about this domain system, “Just as traditional domains shaped the internet, .pi domains have the potential to transform how we connect, interact, and build within and outside our digital space.”

Differences from Traditional Domains

While .pi domains function similarly to traditional domains in their basic capacity, there are several key differences:

Web3 Environment: .pi domains function as digital identities or storefronts within the social network of Web3.
Blockchain Technology: The acquisition process (auction and bidding) utilizes blockchain technology, with payment accepted only in Pi coins.
Access Method: Primarily accessible directly via Pi Browser or compatible services. Accessible through general browsers (like Chrome or Safari) via the “.pinet.com” extension.

Details of the Auction System

Pi Network employs an auction format for the distribution of .pi domains. This auction began on March 14, 2025, and is scheduled to end on June 28, 2025 (Pi2day).

Key features of the auction:

The highest bidder for a domain acquires exclusive usage rights for that domain.
Multiple domains can be bid on simultaneously.
If a new bid is placed within the final 24 hours of a domain auction, the auction for that domain is automatically extended by 24 hours.

Current Auction Status

According to Pi Network’s official blog announcement, there has been astonishing participation within just one week of the auction’s start:

Over 200,000 bids
Over 40,000 unique bidders
Valid bids on over 95,000 domains
Total valid bids in the auction exceed 2.9 million Pi
The highest bid amount is 30,000 Pi

Domains bearing the names of famous companies such as amazon.pi, facebook.pi, google.pi, and samsung.pi are attracting particular attention. High bids have already been placed on these domains, with bids as high as 30,000 Pi observed.

Pi Network Domain Auction: Over 200,000 Bids and Developer Program Outlook

How to Use .pi Domains and Future Potential

.pi domains can be utilized for various purposes within the Pi Network, including businesses, applications, and personal branding. Specific use cases include:

Accessing Pi-based applications
Building online storefronts
Distributing digital content
Establishing personal branding and online presence

Many Pi community members believe that .pi domains have the potential to hold value similar to .com domains in the past. Acquiring these domains early could result in valuable digital assets in the future.

Accessibility Concerns and Solutions

Some community members have raised concerns regarding the accessibility of .pi domains outside the Pi ecosystem. A challenge is that .pi domains operate entirely within Pi’s blockchain environment and thus cannot be accessed directly by traditional browsers.

To address this concern, Pi Network offers the following solutions:

Access via Pi Browser
Access from general browsers through the “pinet.com” extension (e.g., “joe.pi” can be accessed as “joe.pinet.com”)
Potential for expanded compatibility with other wallets and browsers in the future

However, Pi Network has explicitly stated that there is no guarantee that .pi domains will be adopted by traditional browsers.

Developer Domain Reservation Policy

Pi Network provides special consideration for existing Pi community app developers. Apps that comply with the Ecosystem Listing Guidelines and complete the PiNet migration by May 28, 2025, can secure a domain without participating in the auction.

This measure aims to support developers who have contributed to the long-term development of the Pi ecosystem and promote the continued growth of the ecosystem.

Use of Auction Revenue

Pi Network has announced that all Pi coins obtained from the sale of .pi domains will be used to support the Pi ecosystem, including developer programs and events. This ensures that the funds collected through the auction are reinvested into the overall development of the ecosystem.

Trademark and Copyright Concerns

The auction of domains bearing famous brand names such as google.pi has also raised concerns regarding trademarks and copyrights. Pi Network has published the “Auction Domain Name Issuance Disclosure and Policy” document, providing official information regarding compliance, trademarks, rights, and more.

Regarding a long-term solution to this issue and the possibility of these companies actually seeking their own-branded .pi domains, future developments will need to be closely monitored.

Significance for the Pi Network Ecosystem

The introduction of .pi domains is a significant milestone in Pi Network’s ecosystem expansion strategy. This feature is expected to have the following effects:

Increase in practical use cases for Pi coins
Standardization of branding and identification within the ecosystem
Promotion of developer and user participation in the ecosystem
Long-term value creation and demand increase for Pi coins

While many cryptocurrency projects focus on short-term price increases and exchange listings, Pi Network is characterized by its focus on building a practical ecosystem.

Conclusion

Pi Network’s .pi domain is an innovative initiative that means more than just a domain extension. By integrating blockchain technology with traditional internet infrastructure, it proposes a new form of digital identity.

The high participation rate and interest in the auction indicate the Pi Network community’s expectations for ecosystem development. How .pi domains will contribute to the growth of the Pi Network ecosystem in the future, and how they will coexist with traditional internet domain systems, will be an important indicator for the development of Web3.

Pi Network users are encouraged to consider taking advantage of this new feature and participate in the growth of the ecosystem.

The Complete Guide to Pi Network’s .pi Domain: From How to Buy to Auction Tips

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Pi Network has launched the long-awaited new feature, the .pi domain auction. This blog explains everything in detail, from what a .pi domain is, its value, how to purchase it, to important points when participating in the auction. Be among the first to participate in the next-generation Web3 domain utilizing blockchain technology.

Current Status of Pi Network and the Advent of .pi Domains

Pi Network officially launched its open mainnet on February 20, 2025, evolving into a fully decentralized ecosystem. This allows Pi tokens to be linked with external wallets and exchanges, and real-world use cases such as e-commerce and remittances are expected. The number of users who have completed KYC exceeds 19 million, with many users migrating to the mainnet (based on the latest data as of March 2025).

Appearing at this time is the ‘.pi domain’. Similar to traditional .com or .jp, it functions as an internet address, but its characteristic is being based on blockchain technology, making it a type of Web3 domain like .eth or .bnb. By owning a unique address like ‘yourname.pi’ or ‘business.pi’, you can establish your identity within the Pi Network.

Value of .pi Domains and Reasons to Own One

The benefits of owning a .pi domain are numerous:

Branding: Improve recognition with a domain related to your name or business
Future Potential: Potential for value increase with the growth of Pi Network
Scarcity: First come, first served as no identical domains exist
Participation in Web3: The first step towards the future of decentralized internet

Furthermore, basic elements that determine domain value include length, memorability, keyword importance, brandability, and versatility. For example, ‘sushi.pi’ is attractive for restaurants, and short, memorable domains have the potential for higher resale value in the future.

How to Purchase a .pi Domain: Step-by-Step

To participate in the .pi domain auction, you must have completed Pi Network’s KYC. The purchase steps are explained below.

Purchase from Pi App

Open the Pi mobile app
Tap ‘Pi Domain Auction’
Select ‘Go to Auction’
Unlock your Pi wallet
Search for the desired domain name
If available, tap ‘Bid’ and place a bid of at least 10 Pi

Purchase from Website

Access ‘domain.pi.net’ in Pi Browser
Click ‘Go to Auction’
Connect your Pi wallet
Search for the domain name and bid with ‘Bid’

If the bid is successful, 10 Pi or more will be deducted; if you lose, it will be refunded.

.pi Domain Auction Rules and Notes

The auction runs for approximately 106 days from March 14 to June 28, 2025, with the highest bidder winning. However, if a bid occurs within 24 hours of the end for a specific domain, the individual auction may be extended. The minimum bid amount is 10 Pi. Reserved domains (e.g., pinetwork) and inappropriate expressions are prohibited, and fees (e.g., 0.01 Pi for new bids) apply. Pioneers can flexibly cancel bids, but exchange users must wait for refunds until the end.

Types of Domains to Acquire Strategically and Examples

Examples of strategic domain acquisition, including .pi domains, are listed below.

Generic Domains

Words usable for a wide range of purposes. Examples: finance.pi, shop.pi

Region-Specific Domains

Those including region names. Examples: japan.pi, tokyo.pi

Emerging Industry/Trend Domains

Related to growth areas. Examples: nft.pi, game.pi

Short Domains

Short and easy to remember. Examples: abc.pi, pro.pi

Branding-Oriented Domains

Unique ones. Examples: quicko.pi, blueleaf.pi

Tips for Choosing Valuable .pi Domains

Prioritize personal or business names: For brand protection
Simple and easy to remember: Short and easy to pronounce
Generic words: like tokyo.pi or food.pi
Secure multiple: Place multiple bids within budget

Furthermore, predicting Pi Network’s growth trends and conducting market research is effective for choosing valuable .pi domains.

Summary: .pi Domains and the Future of Strategic Acquisition

.pi domains hold potential as digital identity and assets in the Web3 era. With the growth of Pi Network, the value of .pi domains may increase, and you can participate in the auction from March 14 to June 28, 2025, starting from a minimum of 10 Pi. For strategic domain acquisition, be mindful of shortness, versatility, and trends, and build your portfolio while checking market trends. Act early and secure your future digital assets.