The team behind the mobile-first blockchain project has launched a $100 million venture capital fund targeting early-stage startups focused on building real-world utility with Pi Coin.

The newly established entity, Pi Network Ventures, will oversee the deployment of the fund, which includes a combination of U.S. dollars and Pi Coin sourced from the Pi Foundation’s reserves. According to the foundation, the initiative will back companies from seed stage to Series B and beyond—especially those working in blockchain, artificial intelligence, and e-commerce sectors.

“The fund is designed to empower builders creating tangible value,” said Pi Network co-founder Nicolas Kokkalis, adding that Pi’s expanding ecosystem needs practical applications to thrive.

The move comes as Pi Network positions itself for broader exposure, aligning the announcement with its scheduled appearance at Consensus 2025. While Pi has often been critiqued for its closed mainnet, the project has continued to push toward creating an ecosystem where its currency is useful beyond speculation.

The VC launch signals a shift in strategy—away from theoretical utility and toward actual financial backing for real-world implementations. It’s a bold step that could mark Pi’s most significant stride yet toward widespread adoption.

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Filed under: Bitcoin - @ May 15, 2025 2:01 am