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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 name "Walrs" has only five characters and just two syllables. Two syllable names make popular global brands. Established brands using two syllable names include Lego, Kleenex and Gillette.
This domain was first registered in May 2013. Older domains have an advantage when ranking in search engines.
Walrs.com is a .com domain. Dot com is the most sought after domain extension. When you own a .com, it is much easier to rank for your own name in search engines.