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This domain name would be perfect for a company in the e-commerce or retail sectors.
The word "oowaw" contains only five letters and only two syllables. Two-syllable names are highly rare and exceptionally prestigious. Two syllable names are used by established brands like Twitter, Walmart and Starbucks.
Oowaw.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.
One suggestion for how this name could sound when used.