Pi Network is making a bold move to expand its ecosystem with the launch of Pi Network Ventures, a $100 million venture fund aimed at fueling startup growth.
Announced on May 14, the initiative seeks to drive real-world adoption and utility for Pi Network’s native cryptocurrency by investing in innovative projects across various sectors.
Targeting Real-World Adoption and Diverse Sectors
Pi Network Ventures plans to back startups that integrate Pi crypto into their platforms and create real-world use cases. According to the Pi Foundation, the fund is not limited to blockchain-native startups; it also extends to companies in:
- Generative AI
- Gaming platforms
- FinTech
- E-commerce
- Embedded payments
- Marketplaces
- Social networks
The Foundation stated its goal is to support businesses that can seamlessly integrate Pi tokens, boosting demand and expanding its use beyond typical crypto applications.
Adopting a Silicon Valley VC Model
Unlike traditional crypto funds, Pi Network Ventures plans to mirror the principles of Silicon Valley-style venture capital.
- The fund will follow traditional VC sourcing, selection, and vetting processes.
- Investments will span across various stages, from early-stage startups to Series B+ companies.
- Unlike most VC funds, which prioritize profit, Pi Network Ventures is committed to value creation and ecosystem utility.
By backing projects that drive real-world adoption of Pi tokens, the venture fund aims to boost demand for the currency while supporting innovation across multiple industries.
This initiative signals Pi Network’s long-term commitment to scaling its ecosystem and enhancing the practical use of its cryptocurrency.
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