Pi Network Launches $100M VC Fund to Back Projects Building Real-World Adoption of Its Pi Coin

Pi Network has announced a $100 million VC fund to back projects that push real-world adoption of Pi Coin. The fund will focus on early-stage startups and emerging ventures integrating Pi Network into real-world utility.

Pi Network is launching a $100 million VC fund to invest in startups facilitating the use of Pi Coin in daily life, marking a departure from typical crypto-focused funds. The fund, managed by Pi Network Ventures, a new entity formed under the Pi Foundation, will allocate both USD and Pi Coin, partly sourced from the Foundation’s reserves.

The initiative focuses on early-stage companies and emerging ventures integrating Pi Network for interesting use cases in e-commerce, AI, and other sectors.

While most support will begin with early-stage companies and continue through Series B and later rounds for select ventures, Pi Network Ventures will also provide technical resources to startups in e-commerce and AI sectors.

After several years in development, Pi Network is aiming for sustainable growth in its ecosystem through innovation and utility. The project expects funded startups to develop products that include Pi Coin in real business scenarios, aiming for a close collaboration.

This initiative follows a series of hints from Huobi on a possible listing of Pi Coin, which began several weeks ago with a playful post on April 1 from the exchange’s official Telegram channel.

In response to a user inquiry about the potential listing of Pi Coin, HTX replied in a lighthearted tone, stating that they are "working on it." This playful exchange sparked widespread discussion among Pi users, who have been eagerly anticipating the listing.

Later, during a community event, HTX once again hinted at the possibility of listing Pi Coin. When asked about his hopes for the future of Web3, an HTX executive responded that he wishes for "a world where everyone can easily use cryptocurrency for daily shopping at convenience stores."

This statement, linking cryptocurrency to daily commerce, closely ties into the goal of Pi Network’s $100 million VC fund. The fund aims to support startups developing products and services that integrate Pi Coin into daily use cases.

The possibilities of VCs supporting startups focused on blockchain technology and e-commerce integration appear promising.

With a significant crypto user base and a history of supporting blockchain innovation, HTX could become one of the first major exchanges to officially recognize Pi Coin. This move would be crucial for launching Pi Coin into the broader exchange landscape.

Moreover, such a listing would increase liquidity and visibility for Pi Coin, further boosting adoption efforts tied to the $100 million fund. As excitement builds, Pi Network continues to position itself as a serious digital currency platform. Market watchers remain alert to further developments from both HTX and Pi Network Ventures.