Pi Network (PI) Invests $100M in Pi Network Ventures to Boost Ecosystem Growth

Pi Network is investing $100 million through its Pi Network Ventures, focusing on startups that grow the ecosystem.

Pi Network, the cryptocurrency project with millions of members, is launching a venture fund to invest in startups growing the ecosystem.

Pi Network Ventures will allocate $100 million to fund startups integrating the Pi cryptocurrency and promote adoption.

The fund will prioritize startups driving real-world utility and those with a clear vision for token integration.

Pi Network (PI) is plowing more resources into its ecosystem to promote adoption. Announcing a new initiative, the Pi Foundation is launching Pi Network Ventures, a venture fund with an initial capital of $100 million to invest in startups within its ecosystem.

As part of its broader strategy to drive cryptocurrency adoption, Pi Network is launching a venture fund to invest in startups. The fund, which will be based in Silicon Valley, will prioritize startups that are driving real-world utility and those with a clear vision for integrating the Pi token.

The Foundation will also be investing in startups at all stages, ranging from early-stage ventures to Series B+ companies and beyond.

The venture fund is part of Pi Network's broader efforts to build a more open and inclusive economy.

"We are excited to launch Pi Network Ventures to support the next generation of entrepreneurs who are building the future of technology," said Wei Zhou, CEO of Pi Network. "Our goal is to invest in startups that are using blockchain technology to solve real-world problems and create value for society."

The fund will be investing in a wide range of startups in sectors such as generative AI, gaming platforms, FinTech, ecommerce, embedded payments, marketplaces, social networks, and other real-world applications.

Pi Network Ventures will be operating under the principles of traditional venture capital firms in Silicon Valley, with a focus on sourcing, selection, and vetting processes that identify companies with the biggest potential impact on the market.

The fund will also be using a value creation and ecosystem utility lens rather than a strict profit goal to select companies.

Overall, the goal of Pi Network Ventures is to increase adoption and demand for the Pi token while supporting meaningful innovation across industries.output: Pi Network is putting a huge emphasis on ecosystem growth and promoting adoption. They're launching a venture fund, Pi Network Ventures, to invest $100 million in startups.

This fund will be investing in startups that are integrating the Pi cryptocurrency and promoting its use in their services or platforms. The startups must be driving real-world utility and have a clear vision for token integration.

The aim is to back projects that are deeply aligned with the Pi Network ecosystem and can contribute to its long-term success.

The Foundation will also be investing in startups at all stages, ranging from early-stage ventures to Series B+ companies and beyond.

The venture fund is part of Pi Network's broader efforts to build a more open and inclusive economy.

"We are excited to launch Pi Network Ventures to support the next generation of entrepreneurs who are building the future of technology. Our goal is to invest in startups that are using blockchain technology to solve real-world problems and create value for society," said Wei Zhou, CEO of Pi Network.

"We believe that this venture fund will play a significant role in driving the adoption of cryptocurrency and Web3 technologies," Zhou added.

Pi Network Ventures plans to support not only blockchain-native startups, but also a wide array of businesses in generative AI, gaming platforms, FinTech, ecommerce, embedded payments, marketplaces, social networks, and other real-world applications.

The fund will be operating under the principles of traditional venture capital firms in Silicon Valley, with a focus on sourcing, selection, and vetting processes that identify companies with the biggest potential impact on the market.

The fund will also be using a value creation and ecosystem utility lens rather than a strict profit goal to select companies.

Overall, the goal of Pi Network Ventures is to increase adoption and demand for the Pi token while supporting meaningful innovation across industries.