Pi Network Launches $100 Million Fund for Ecosystem Growth
Pi Network is injecting $100 million into its ecosystem via Pi Network Ventures. This initiative aims to boost the adoption of the Pi token (PI).The Pi Foundation made this announcement on May 14.
The new venture fund will support startups that enhance the Pi Network. It will back projects that increase real-world use of the Pi token. The fund will also consider non-crypto ventures. The goal is to expand Pi’s reach beyond the crypto space.
According to the Pi Foundation, the fund will follow Silicon Valley practices. It will invest in various sectors like AI, gaming, and finance.The fund will back projects that integrate Pi tokens.It seeks to fund businesses that can drive real-world usage of PI.
Unlike typical crypto funds, Pi Network Ventures will focus on value creation. It will fund startups at all stages, from early-stage to Series B+. the fund will support blockchain-native and non-crypto companies. This move is part of Pi’s strategy to grow its user base. the fund will invest in AI, gaming, and e-commerce. The aim is to make PI more useful in everyday life. The fund will follow traditional VC methods. But it will prioritize projects that can drive real-world adoption and utility.
Pi Network Ventures will operate like traditional Silicon valley venture capital firms. It will invest in startups at various stages, from early-stage to Series B+. The fund will prioritize projects that integrate Pi tokens into their services or use pi Network technology in real-world applications.
Through this strategy, Pi Network Ventures hopes to increase adoption and demand for the Pi token, while supporting meaningful innovation across industries. The fund will follow traditional VC methods. But it will prioritize projects that integrate Pi tokens into their services or use Pi Network technology in real-world applications.
