The mobile blockchain platform Pi Network has announced the creation of its own venture capital fund, Pi Network Ventures, with a capital of $100 million. The funds will be allocated to support startups developing products and services within the project's ecosystem.
What Is Known About the Fund
According to project representatives, the fund will be financed in both Pi tokens and US dollars. It will focus on investing in early-stage companies — from pre-seed to Series B and beyond. The fund will prioritize “high-quality and promising” teams capable of scaling solutions within the Pi Network ecosystem.
The source of the investments will be 10% of the total token supply previously reserved by the Pi team for ecosystem development. The fund will invest not only in crypto startups but also in broader technological sectors including:
- Generative AI,
- Fintech,
- Marketplaces,
- Social platforms,
- E-commerce solutions,
- As well as enterprise and consumer products.
Inspired by Silicon Valley
Representatives of the Pi Foundation stated that the fund will operate under the model of traditional venture capital:
- Strict selection,
- Thorough due diligence,
- A focus on products with market-transforming potential.
The main goal is to form a “closed loop” of technological innovation and user growth within the Pi ecosystem.
The Pi Foundation describes itself as a “non-owner structure” focused on the long-term development of the platform. The funding program, they said, is a “strategic move” toward strengthening Pi as a technology platform.
Market Reaction
The fund's launch comes amid sharp criticism of the project. Pi Network has been accused of lacking transparency, and its referral model has drawn comparisons to multi-level marketing.
The project’s main token, Pi, has fallen more than 51% since the launch of the mainnet in February. According to Coinmarketcap, at the time of writing, the asset is trading 70.1% below its all-time high, at $0.8921.
Previous Developments in the Ecosystem
In April, the ecosystem saw the launch of a decentralized exchange, PiDaoSwap — a native trading tool for the Pi token. According to the team, the DEX aims to combat price manipulation and create a transparent market.
This post is for informational purposes only and does not constitute financial or investment advice. Please conduct your own research before making any decisions.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.