Pi Network’s Founder Talked at Consensus 2025: Here is What he Said

Despite its controversial beginnings, including delays in its network launch and token release, Pi Network has become one of the most discussed projects in the cryptocurrency space.

Despite its controversial beginnings, including persistent delays in its network launch and token release, Pi Network has become one of the most discussed projects in the cryptocurrency space. Nearly five years after its launch, Pi Network has managed to build a large following and generate significant attention.

At the 2025 Consensus conference in Toronto, Pi Network founder Nicholas Kokkalis was asked about the growing popularity of Pi and whether the Pi community, often referred to as the “Pi Army,” is more vocal about decentralization or Pi itself.

Pointing out the complexity of decentralization and the challenges that come with it, Kokkalis said that when thinking of decentralization and AI, there is a technical side—embedding technology, handling training, and distributing rewards. But then there’s also the concept of value capture.

“I think in a future where more tasks are done by AI and agents, it’s important that the value isn’t concentrated, but rather broadly distributed—not a few individuals or companies hold the majority of this future value,” Kokkalis stated.

According to him, this is where blockchain technology can come into play. As he explained, blockchain enables decentralized value capture, providing opportunities for more people to benefit from technological advancements.

The founders of blockchain projects, like Pi Network, need to contemplate how blockchain can be used to help capture and distribute this value in a way that contributes to a brighter future, Kokkalis concluded.