BREAKING: Pi Network just launched a $100 Million investment initiative—Pi Network Ventures—to invest in startups and businesses that advance the utility and real-world adoption of $Pi. 

Today marks a transformative moment for the Pi community. The Pi Foundation is thrilled to announce the official launch of Pi Network Ventures, a development initiative of $100 million held in Pi and USD, which will strategically invest in startups and businesses, including those that advance the utility, adoption, and real-world impact of Pi.

Pi Network Ventures is established through the Pi Foundation, an ownerless organization intended to steer the long-term development of the Pi ecosystem and help facilitate the sustainability and functionality of the network for the future. The Pi earmarked for the initiative comes from the 10% of tokens that are specifically allocated for foundation reserves (more information on Pi supply and tokenomics is available here). This moment marks a pivotal step forward for Pi—especially now that Open Network has launched and external connectivity is enabled—opening the door to more impactful utility creation and real-world integration.

Pi Network Ventures represents a focused and strategic initiative to aid in the transformation of Pi from a widely held token into a widely used one.

The Vision Behind Pi Network Ventures

Pi Network Ventures was created with three core objectives:

Boost Pi utility: Support startups and businesses that integrate Pi into their products, services, and customer experiences.

Enable more of the world’s production onto Pi Network: Get more real-world production processes, whether in the form of apps, transactions or companies, onto Pi by investing early on in startups and companies that create such processes.

Bring Pi to the real world: Empower real-life use cases and applications that demonstrate Pi’s unique value as a widely distributed, accessible, and usable cryptocurrency.

https://minepi.com/blog/pi-ventures/