Pi Network Just Backed an AI “Super Brain” Startup—Here’s Why It Matters Now

Sean Williams
Pi-network (PI)

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Key Takeaways:

  • Pi Network Ventures invested in OpenMind AGI’s $20M round to support decentralized AI and robotics infrastructure.
  • The Pi community is divided, with some criticizing the use of funds for external projects rather than internal ecosystem growth.
  • Pi Coin dropped 19% this week, but analysts remain bullish if it breaks the $1.60 resistance level.

Pi Network Ventures has joined a high-profile $20 million Series A funding round for OpenMind AGI, a U.S.-based startup aiming to build decentralized infrastructure for humanoid robots and intelligent agents. The round, led by Pantera Capital, includes notable backers like Coinbase Ventures, Ribbit Capital, Sequoia China, and DCG—signaling growing institutional support for Web3-AI convergence.

From Mobile Mining to AI Innovation

Launched in May 2025 with a $100 million fund, Pi Network Ventures is focused on backing startups that drive real-world utility for the Pi blockchain. By investing in OpenMind, which is developing OM1—a “universal brain” for robots—and FABRIC, a secure communication layer for intelligent machines, Pi is extending its ecosystem beyond mobile mining into frontier technologies like AI and robotics.

This move aligns with Pi’s broader strategy to transform PI into a utility token powering intelligent automation services.

Mixed Reaction From the Pi Community

However, not all users are on board. Some Pi community voices have criticized the funding decision. A prominent X (formerly Twitter) account, PiNetworkMembers, questioned the leadership’s priorities, claiming the funds are being funneled toward personal interests instead of developer support and ecosystem growth.

This comes at a sensitive time for Pi Network, which has also rolled out wallet upgrades, a Passkey security system, and new fiat on-ramps like TransFi to improve user experience and broaden adoption.

Also Read: Pi Network Cuts Mining Rate, Promotes Token Lock-Ups

Market Sentiment: Short-Term Dip, Long-Term Hopes

Amid these developments, PI’s price dipped 19% to $0.34, with a 17% drop in trading volume, reflecting short-term investor caution. Still, the token maintains a $2.71 billion market cap with 7.78 billion tokens in circulation.

Speculation remains high around a potential Binance listing, fueled by recent polls and new integrations. Technical analysts believe a breakout above $1.60 could trigger a major rally, with some projecting gains of up to 324%.

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.

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