- Pi Network has secured major backing from 137 Ventures, signaling strong institutional confidence ahead of its upcoming Mainnet launch.
- Despite recent price dips, growing utility and rising trading volume suggest increasing investor interest.
Pi Network just secured a powerful vote of confidence from 137 Ventures, a top-tier Silicon Valley investment firm known for backing major tech players like SpaceX and Spotify. This development is seen as a potential turning point for Pi Network, which is currently trading at $0.4570 after a 2.05% drop in the past 24 hours. Despite the dip, trading volume surged by over 26% to $81.57 million, showing rising investor interest.
137 Ventures Sees Real Potential in Pi Network
The inclusion of Pi Network in 137 Ventures’ elite portfolio signals more than just financial support. It reflects a strategic endorsement of Pi’s mobile-first mining model, which has made crypto more accessible to over 47 million users globally. Unlike traditional networks that require expensive hardware, Pi enables mining through smartphones — a design that supports inclusive and scalable blockchain growth.
This backing puts Pi Network among top tech firms, boosting its credibility in blockchain and broader tech circles.
Mainnet Launch Could Be the Catalyst Pi Needs
What makes the VC support even more timely is the imminent launch of Pi Network’s Open Mainnet. After six years of development, community building, and creating decentralized applications, Pi is poised to become a fully operational Web3 ecosystem.
Its real-world utility is gaining traction, thanks to a growing number of in-app services and merchant integrations. This aligns with the current crypto trend that values functional applications over pure speculation.
A Turning Point for Pi ?
While Pi has seen a 10.78% drop over the past week, likely due to short-term selling pressure, long-term fundamentals seem to be strengthening.With VC support, growing utility, and Mainnet nearing, Pi Network appears ready for a significant breakthrough.
For now, investors, developers, and industry watchers are keeping a close eye. The next few weeks could determine whether Pi Network’s transitions from a grassroots experiment into a mainstream Web3 contender.
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