Pi Network, a cryptocurrency project with over 55 million users, announced via X (formerly Twitter) that it will be unveiling an ecosystem update on May 14.
The announcement comes as one of the largest global crypto events, Consensus 2025, kicks off in Toronto, Canada.
The timing of choosing May 14, as the announcement date is strategic as it coincides with Consensus 2025. At the event over 6,800 companies and leaders from over 100 countries will be present. The event is basically a global launchpad for partnership, funding, and product reveals. Making an announcement about an ecosystem upgrade will gather a great amount of attention for Pi Network.
The network recently introduced features enabling millions of identity-verified users, both fully and tentatively KYC’d, to activate Mainnet wallets and participate directly in the Pi blockchain ecosystem.
Mainnet Wallet Activation: Broadening Participation
The new Mainnet wallet activation feature expands access for Pi users. Previously, users had to complete a migration process to engage with Mainnet utilities. Now, any identity-verified Pioneer can activate the wallet and unlock access to Pi apps, local commerce, and events like the .pi Domains Auction without full migration.
Moreover, third-party onboarding is enabled, with services like Banxa performing KYC checks for newcomers who missed the mining phase to create Mainnet wallets, broadening ecosystem participation.
While these wallets facilitate interaction with Pi’s blockchain, they do not grant immediate access to Pi tokens or accelerate the migration process.
Also Read: Pi Network Commences Integration With Banxa For A Smoother User Experience
The project, supported by thousands of ecosystem apps and a fully live Open Network, is seeing engagement and transactions increase rapidly, especially with the recent introduction of the .pi Domains Auction, a key initiative that showcases the potential of the Pi blockchain.
This pushes Pi’s transition from concept to a functional decentralized system.
