The Pi Network team has announced two key news items starting on June 28 (Pi2Day).
The first is the implementation of AI into the ecosystem, the second is a new feature for staking PI tokens – called Ecosystem Directory Staking
According to the team, AI comes at a time when the application layer between the technology infrastructure and actual usage is missing. AI can change the distribution of wealth and production power in favour of people, especially when combined with blockchain as a decentralised and transparent environment
Successful integration requires authentic applications, a development platform, a strong user community and leveraging the benefits of blockchain – typically a KYC system, over 13 million authenticated users and a global network of over 60 million people.
The new tool is Pi App Studio, a beta AI app development environment with guides and access to thousands of potential creators and users. It will allow for easier iteration and testing of products. The final version will offer more features, but is currently still in the early stages of development
The second new feature is Ecosystem Directory Staking. Users can now stake their PI tokens to specific applications or projects in the ecosystem via the Pi Browser. This will increase their visibility and ranking in the catalogue of available applications
Despite technological innovations, the PI token remains under market pressure. In the 24 hours prior to the announcement, it lost roughly 5% of its value and traded at around $0.52
The team is confident these moves will bring long-term benefits to users.