Pi Network has launched a $100 million venture capital fund aimed at accelerating the development of real-world use cases for its ecosystem. The newly created Pi Network Ventures will focus on supporting early-stage startups, including blockchain-native projects, AI solutions, and e-commerce applications, with funding in both Pi Coins and U.S. dollars.
Pi Network’s $100 Million Push for Ecosystem Expansion
According to the Pi Foundation, the $100 million fund will be allocated to projects that drive tangible utility for the Pi cryptocurrency. Assets for the fund will come from the Pi Foundation’s reserves and will target startups in the early Series B and subsequent funding rounds. The initiative aims to expand the Pi ecosystem by backing projects that foster mainstream adoption.
“This initiative gives creators the resources they need to build solutions that solve real problems while reinforcing the value of the Pi ecosystem,” said Nicolas Kokkalis, Pi Network co-founder.
Also Read: Pi Network Faces Community Backlash as Price Plummets 33% Despite New Announcement
Is This the Anticipated Ecosystem Announcement?
The Pi Core Team had previously hinted at a major ecosystem announcement scheduled for May 14. While the $100 million fund has sparked excitement, speculation is rife that the announcement could also include a new exchange listing. Rumors of a potential Binance listing persist, while HTX has dropped several hints about listing Pi Coins, fueling optimism among Pi’s 70 million-strong community.
Pi Network Eyes Exchange Listings and Price Rally
The timing of the fund’s launch coincides with the Consensus 2025 event, where Pi Network is expected to make a significant appearance. Ahead of the announcement, Pi Coin’s price surpassed $1, outperforming Litecoin (LTC) and Bitcoin Cash (BCH). With talks of potential exchange listings and increased ecosystem development, Pi Network appears poised for greater market visibility and potential price appreciation.
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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