What is Pi Network Ventures? Exploring the $100M Fund and Its Impact on Pi Coin

Pi Network has introduced Pi Network Ventures, a $100 million fund aimed at supporting startups that build real-world use cases for the Pi cryptocurrency. The initiative, backed by 10% of the Pi tokens allocated to the nonprofit Pi Foundation, is intended to shift Pi from a widely held asset to one that’s actively used in daily life.

While the announcement was meant to spark excitement, Pi Coin’s market reacted negatively. With growing confusion, the token plunged over 45% this week, wiping nearly $5 billion in market cap and knocking it out of the top 20 crypto list. After briefly touching $1.5, Pi is now trading around $0.88, leaving investors and the community rattled.

Driving Real-World Adoption

Pi Network Ventures wants to give money to new businesses that use Pi in useful ways, like letting people pay with Pi or using it in their apps or services. The idea is to make Pi something people use in real life, not just something they mine on their phones. This funding comes right after Pi entered its “Open Network” phase, which now lets it connect with other apps and systems, making it easier for Pi to work in the real world. This means Pi could finally become something useful, like real money. The fact that the Core Team is doing this also shows they are serious about Pi’s future. They believe this could finally turn Pi from just an idea into something real.

Community Support Still Key

This fund represents just one part of Pi’s two-track growth strategy. While it focuses on select high-potential businesses, the other half is driven by grassroots efforts, hackathons, open development tools, and builder platforms aimed at energizing the global Pioneer community to innovate with Pi.

• Also Read :
•   Did Pi Network Mislead Its 70M Users? Pioneers Speak Out
•   ,

But Where Are the DApps?

Despite years of promises, the Pi community says there’s little to show in terms of functioning decentralized applications (DApps). Influential figure Dr. Altcoin called the $100M fund announcement “a betrayal,” pointing out that after six years, the core team has yet to deliver on its commitment of launching 100 working DApps.

The Pioneer base, with around 70 million users worldwide, is feeling ignored. Dr. Altcoin also noted that many users couldn’t even earn 1,000 Pi tokens due to limited referral rewards and inconsistent communication. The lack of transparency and progress has left many feeling sidelined despite their early contributions.

Volatility Adds to Pressure

On the flip side, Pi Coin’s crash is also linked to a 5.2 million token unlock, causing more selling pressure. Trading volumes surged 35% to $951 million, signaling high volatility. While the fund aims to shape a stronger future for Pi, it’s clear the project must first rebuild trust within its own community.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

FAQs