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- Pi Network introduced PiVerify to bring its KYC technology to external businesses.
- New services aim to expand Pi Coin use cases beyond peer-to-peer payments.
- PI price remains under pressure due to weak demand and upcoming token unlocks.
Pi Network is making a major push to move beyond its “Tap to Earn” reputation with a new ecosystem expansion focused on identity verification, developer tools, and real-world applications. During its Pi2Day update, the network introduced PiVerify, a service that allows external businesses to use Pi’s KYC technology for user verification.
The launch marks a significant step for Pi Network as it attempts to increase Pi Coin utility outside its own community. However, despite the positive development, PI price continues to struggle, falling about 6% as market concerns around token supply and upcoming unlocks weigh on investor sentiment.
PiVerify Opens Pi Network’s KYC Technology to External Businesses
Previously, Pi Network’s identity verification system was mainly used to confirm users inside its own ecosystem. With PiVerify, third-party companies can now access the same verification capabilities to confirm real users, reduce fake accounts, and improve platform security.
The service introduces a new potential use case for Pi Coin. Businesses using PiVerify will pay for the service with PI tokens, creating another pathway for token demand beyond simple transactions between users.
Pi Network says its ecosystem already includes more than 18 million KYC-verified users, giving it one of the larger verified communities in the cryptocurrency industry. The team believes this existing user base could help attract businesses looking for reliable human verification solutions.
Pi Sign-in and SoloHost Expand Pi Network’s Ecosystem Vision
Alongside PiVerify, the Core Team announced two additional services aimed at expanding the network’s role in Web3 development.
Pi Sign-in allows users to access supported third-party applications through their Pi accounts, creating a simpler connection between users and external platforms.
The network also introduced SoloHost, a framework designed to support AI and distributed computing applications through Pi Desktop. Developers can use the platform to build applications that users can access through Pi Browser.
Together, these updates suggest that Pi Network is attempting to become a broader technology ecosystem rather than only a cryptocurrency project.
Pi Coin Faces Selling Pressure Despite Positive Updates
While the ecosystem announcements created optimism among some Pi users, the market response has remained weak. Pi Coin is trading around $0.1129, marking a decline of roughly 6% in the last 24 hours.
The token remains far below its previous all-time high of $2.98, having lost nearly 96% of its peak value. Analysts and traders continue to watch supply concerns, especially with a scheduled release of around 103 million PI tokens in July.
The additional supply entering circulation could increase selling pressure if demand does not grow at the same pace. For Pi Network, building real-world adoption through services like PiVerify may be critical to improving long-term confidence in the project.
Also Read: Pi Network Issues Urgent Warning: Upgrade v25 Now or Risk Losing Node Access
Pi Network’s latest ecosystem upgrades represent an effort to create practical uses for Pi Coin beyond its original mining model. PiVerify, Pi Sign-in, and SoloHost could strengthen the network’s utility if businesses and developers adopt them. However, the short-term price outlook remains challenged by weak market demand and upcoming token unlocks. The project’s next phase may depend on whether new services can translate into real economic activity.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
