This brand name follows the common tech theme of taking a widely known but rarely used word, and removing a vowel from it (e.g. "Flickr"). It could suit almost any purpose, from an app to a software company, to an animation agency or a fashion brand.
The word "walrs" contains only five characters and just two syllables. Two-syllable names are exceptionally rare and highly prestigious. Leading companies using two syllable names include Sony, Apple and Gucci.
This domain was first registered in May 2013. Older domains have an advantage when ranking in search engines.