Pi Network has announced the creation of Pi Network Ventures, an investment fund that plans to invest up to $100 million (in a combination of USD and PI tokens) in startups and enterprises that promote the use and adoption of the PI token. The fund was established through the Pi Foundation, an independent organization focused on the long-term development of the Pi ecosystem.
The main goals of the fund include supporting startups integrating PI into their products and services, scaling real-world production processes on the Pi Network, and strengthening real-world use cases for PI as a widely available cryptocurrency. Investments will be directed from early stage to Series B and other funding rounds.
Pi Network Ventures differentiates itself from other cryptocurrency funds by focusing on general technology sectors, including generative AI, FinTech, embedded payments, e-commerce platforms, social networks, and real-world consumer and enterprise applications. Project selection and evaluation processes will be consistent with the standards of traditional Silicon Valley venture capital firms.
The move comes at a time when the community was expecting an announcement of the listing of the PI token on the Binance exchange, which did not materialize. Instead, Pi Network has unveiled a strategy aimed at strengthening the ecosystem through targeted investments, which may contribute to the long-term growth and stability of the project.
For users, developers and investors, this fund represents an opportunity to get involved in the development of the Pi Network and the use of the PI token in real-world applications. It also signals the Pi Network team’s commitment to building a sustainable and actionable cryptocurrency ecosystem.