Inside Pi Network’s $100m fund for real-world utility
The post Inside Pi Network’s $100m fund for real-world utility appeared on BitcoinEthereumNews.com. Pi Network dominated headlines on May 14 when it officially introduced a $100 million venture fund aimed at jumpstarting real-world utility for its ecosystem. The announcement officially introduced Pi Network Ventures, a Silicon Valley-style investment initiative that will fund startups building within or integrating with the Pi ecosystem. While the fund represents a bold and strategic pivot towards broader adoption, it was not well received by investors. This can be considered a classic “buy the rumor, sell the news” event as the Pi token dropped sharply after the reveal. The fund will prioritize blockchain startups along with those in sectors like fintech, generative AI, e-commerce, and social platforms. The initiative isn’t just about investment capital; it’s about integrating Pi into everyday use cases. According to the Foundation, the fund is designed to deliver strategic value and a long-term impact while favoring businesses that can extend Pi’s reach beyond its core crypto community. Still, not all reactions have been positive. For traders, the lack of immediate token impact was a letdown, as Pi’s price erased much of its early-May rally. However, from a development perspective, the initiative suggests Pi Network is playing the long game by positioning itself to back builders. In an ecosystem increasingly saturated with short-term hype, this signals a deeper commitment to sustainable growth. To better understand what Pi Network Ventures means for developers, users, and the broader community, crypto.news interviewed a Pi Network spokesperson to explore how the fund will be structured, what kinds of projects are likely to be backed, and how the community will play a role in shaping the next chapter of Pi Network’s evolution. crypto.news: Can you explain where the $100 million worth of funds are coming from and how is it structured? Pi: The Pi earmarked for the initiative comes from the…
The post Inside Pi Network’s $100m fund for real-world utility appeared on BitcoinEthereumNews.com.
Pi Network dominated headlines on May 14 when it officially introduced a $100 million venture fund aimed at jumpstarting real-world utility for its ecosystem. The announcement officially introduced Pi Network Ventures, a Silicon Valley-style investment initiative that will fund startups building within or integrating with the Pi ecosystem. While the fund represents a bold and strategic pivot towards broader adoption, it was not well received by investors. This can be considered a classic “buy the rumor, sell the news” event as the Pi token dropped sharply after the reveal. The fund will prioritize blockchain startups along with those in sectors like fintech, generative AI, e-commerce, and social platforms. The initiative isn’t just about investment capital; it’s about integrating Pi into everyday use cases. According to the Foundation, the fund is designed to deliver strategic value and a long-term impact while favoring businesses that can extend Pi’s reach beyond its core crypto community. Still, not all reactions have been positive. For traders, the lack of immediate token impact was a letdown, as Pi’s price erased much of its early-May rally. However, from a development perspective, the initiative suggests Pi Network is playing the long game by positioning itself to back builders. In an ecosystem increasingly saturated with short-term hype, this signals a deeper commitment to sustainable growth. To better understand what Pi Network Ventures means for developers, users, and the broader community, crypto.news interviewed a Pi Network spokesperson to explore how the fund will be structured, what kinds of projects are likely to be backed, and how the community will play a role in shaping the next chapter of Pi Network’s evolution. crypto.news: Can you explain where the $100 million worth of funds are coming from and how is it structured? Pi: The Pi earmarked for the initiative comes from the…
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