Pi Network Ventures just joined a $20 million funding round for OpenMind AGI, a startup building a decentralized robotics infrastructure. This move marks one of Pi’s most strategic bets yet, signaling its growing ambitions beyond digital currency.
OpenMind’s mission is bold: to merge AI, robotics, and blockchain into one seamless system. The goal? Decentralized machines that can learn, cooperate, and transact without relying on big tech middlemen. With Pi’s support, OpenMind now has more firepower to grow fast and bring ecosystem partners onboard.
A New Chapter in Pi’s Expansion
By backing OpenMind, Pi Network is doing more than diversifying its venture arm. It’s aiming to position itself at the forefront of the AI-on-chain movement. Think decentralized compute marketplaces, AI-powered apps, or even smart contract-controlled robots, real-world use cases that go beyond theory.
Core team members, including Chengdiao Fan and Nicolas Kokkalis, have yet to issue a formal statement. Still, the community is already buzzing, speculating how this could impact the project’s future direction.
This isn’t a sudden pivot. Over the past year, Pi has launched tools like the Pi Browser, Passkey login, and Pi SDK, laying the groundwork for broader adoption. The OpenMind investment feels like the next logical step.
Token Price Dips Despite Big News
Despite the funding announcement, Pi’s token price took a hit last week. According to CoinMarketCap, Pi dropped from $0.42 on July 30 to $0.35 by August 5, a 16% slide. The sharpest drop came on August 2, hinting at either profit-taking or whale activity.
Pi coin weekly chart on August 8, 2025, by CoinMarketCap
Trading volume, on the other hand, jumped by nearly 32% to $46.65 million, suggesting the dip sparked strong market reactions. Pi’s current market cap sits at $2.73 billion, with 7.78 billion tokens in circulation out of a 100 billion cap. Community sentiment remains cautiously upbeat. Many see the OpenMind deal as a long-term play, not something meant to pump prices overnight.
What Comes Next
If OpenMind can deliver, Pi Network could benefit on multiple fronts, both in equity returns and new blockchain use cases. The partnership may also attract more developers to Pi’s growing toolkit, especially those looking to integrate real AI capabilities into their dApps.
As Pi inches closer to its long-awaited mainnet, this kind of collaboration could be what defines its future, not just as a token, but as a serious player in the AI-blockchain space.
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