- Pi Network launches a $100 million fund to support startups building applications on its blockchain.
- It aims to boost innovation and expand real-world use of the Pi ecosystem.
Pi Network is making a bold leap to accelerate its blockchain ecosystem growth with the launch of a $100 million investment fund. Named Pi Network Ventures, this fund is designed to support startups developing applications on the Pi blockchain, aiming to bring real-world utility and innovation to the platform.
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Pi Network Ventures: Fueling Blockchain Innovation
The $100M fund is managed by Pi Foundation, an “ownerless” organization committed to the long-term growth of the Pi ecosystem. It will provide financial backing in both Pi tokens and U.S. dollars to early-stage startups up to Series B companies. These startups must be building on or integrating with Pi Network’s infrastructure.
Pi Network expands the initiative to support projects beyond the crypto space. Pi Network Ventures seeks to invest across multiple sectors including fintech, artificial intelligence, e-commerce, embedded payments, marketplaces, and social media. The fund backs startups to build a vibrant ecosystem where innovation and adoption fuel each other.
Venture Capital Meets Blockchain Discipline
What sets Pi Network Ventures apart from many other crypto venture funds is its approach. It intends to operate with the rigor of traditional Silicon Valley venture capital firms. This means a thorough investment process with careful sourcing, comprehensive vetting, and targeted support to scale disruptive startups efficiently.
A significant part of the fund’s capital will come from 10% of Pi tokens previously reserved for ecosystem development, underscoring the project’s serious commitment to growth. The fund plans to build a diverse portfolio focused on startups that can scale and make an impactful contribution across industries.
Navigating Challenges with a Bold Vision
The timing of Pi Network’s fund launch is notable. The platform has faced skepticism and criticism within the crypto community. Critics have raised concerns about Pi’s transparency, its referral-based growth model, and the volatility of its native token, PI, which has dropped more than 65% since the mainnet launch in February.
Despite these challenges, Pi Network Ventures marks a significant step toward transforming Pi from a mobile-first project into a robust blockchain economy. Pi invests in builders and developers, betting on innovation for long-term relevance and ecosystem growth.
Pi Network’s $100 million fund empowers startups to innovate and deliver real blockchain solutions beyond traditional crypto sectors. This strategic move could well determine Pi’s future as a serious player in the blockchain space.
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