#CryptoRegulation The PI Foundation announces a $100 million investment initiative to drive real-world benefits
The PI Foundation launched PI Network Ventures, a $100 million fund to support startups integrating the PI token into practical use cases in the real world. The initiative, announced on May 14, aims to enhance adoption and drive long-term growth within the PI ecosystem by targeting companies that go beyond the traditional Web3 space. The foundation stated that the project will make "the majority of its investments directly in the form of PI." These tokens will come from the 10% reserve allocated for ecosystem development. Speaking on this, co-founder of PI Nikola Koukalis said the fund aligns with the network's broader goal of connecting decentralized technology to everyday life. He emphasized that the initiative will benefit both startups and the broader PI community by encouraging new use cases at scale. The launch of the fund comes at a time when the PI Network has faced scrutiny regarding fraud and concerns about its lack of utility. However, industry analysts see the investment fund as a step towards legitimizing the ecosystem and increasing the token's significance in traditional markets. PI Network Ventures According to the statement, PI Network Ventures plans to support companies across various industries, including artificial intelligence, gaming, technology, e-commerce, digital payments, marketplaces, and social platforms. PI Network Ventures will use a model reflecting Silicon Valley. This means it will conduct rigorous sourcing and selection processes to identify high-potential startups at different stages of growth, from early-stage companies to Series B and beyond. However, it was noted: "The PI Foundation is not obligated to invest the entire $100 million, depending on the quality of applicants and the number of startups accepted into the initiative. Meanwhile, the PI Foundation indicated that the fund will provide financial support and expand the PI Token tool by enabling startups to integrate digital assets into their operations. In return, supported companies will gain access to the PI Network user base, which includes millions of individuals identified in over 200 countries. Latest Alpha Market Report
#Investment #real #world #reveals #worth #driving #dollar #about #benefit #to #Foundation #initiative #million