The founder of Pi Network appears
Nicolas Kokkalis, one of the two founders of Pi Network, appeared at the Consensus 2025 event to talk about the project. However, after his statement, the price of Pi continued to drop drastically.
Zing News•05/17/2025
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At 10:00 PM on May 16, Nicolas Kokkalis, considered the co-founder of the Pi Network ecosystem, participated in the discussion on the topic: "AI + Blockchain Infrastructure to Promote Mass Adoption" at the Consensus 2025 event.

Nicolas Kokkalis, co-founder of Pi (left) -
Earlier, on the night of May 14, his image also appeared in an interview video on a cryptocurrency platform to announce the establishment of Pi Network Ventures, an investment fund of $ 100 million (including Pi tokens and cash) to invest in projects created on Pi or contribute to the development of the ecosystem.
This fund is derived from 10% of the Pi token supply, which is reserved for ecosystem development initiatives and aims to increase the practical application of Pi tokens through real-world products, services, and transactions.
Unlike many traditional cryptocurrency funds that only focus on Web3, Pi Network Ventures is willing to expand its investments into the technology sector in general, including: AI, Fintech, e-commerce, social networks, and real-world consumer applications.
However, this is the first time Nicolas Kokkalis has appeared in person. During this discussion, the founder presented Pi Network as a social network with tens of millions of users over the past 6 years.
He also proudly emphasized that the special feature of Pi Network is KYC; each account on the blockchain must pass this feature before being activated.