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. Two syllable names are used by established brands like Gillette, Lego and Walgreens.
Walrs.com is a dot com domain. Dot com domains are synonymous with websites. Once secured, a dot com all but guarantees no-one else can outrank you for your own name in the long run.
This domain was first registered in May 2013. Older domains have an advantage when ranking in search engines.