#PI #UPDATES #PiCoreTeam
Lets Summarise PCT announcement today #PiNetwork Ventures:
The Pi Foundation has launched Pi Network Ventures, a $100 million initiative (funded in Pi and USD) to invest in startups and businesses that enhance Pi’s utility, adoption, and real-world integration. This initiative, funded through the Foundation’s 10% reserve allocation, aims to transform Pi from a widely held token into a widely used cryptocurrency.
Key Objectives:
1. Boost Pi Utility – Support businesses integrating Pi into products, services, and transactions.
2. Expand Real-World Use – Encourage adoption in sectors like AI, FinTech, e-commerce, and social networks.
3. Strengthen Ecosystem – Foster network effects by attracting high-quality startups and users.
Pioneers benefit from increased Pi usability, a stronger ecosystem, and access to a global, KYC-verified user base. Investments will primarily be made in Pi, incentivizing businesses to adopt the currency.
Impact on Pi’s Value:
This initiative could positively influence Pi’s value in the near and long term by:
- Increasing demand through real-world utility.
- Enhancing adoption via strategic partnerships.
- Building credibility with institutional-grade
investments.
If successful, Pi Network Ventures may drive sustained growth, but its full impact depends on execution and market response.
Let’s see what the Pioneers & Market decides on this announcement!
