At the global blockchain conference Consensus 2025 held from May 14-16 in Toronto, Canada, Dr. Nicolas Kokkalis – founder and head of technology at Pi Network – delivered an important speech that attracted significant attention from the global cryptocurrency community.
Highlights from Dr. Nicolas Kokkalis's speech
1. Introduction to the Pi Network Ecosystem
Dr. Kokkalis emphasized that Pi Network has developed into a blockchain ecosystem with tens of millions of global users over the past 6 years. He particularly praised the mandatory KYC (Know Your Customer) process, which ensures transparency and security for users – something that not all cryptocurrencies can achieve.
2. Perspectives on AI and Blockchain
During the discussion on the topic "AI + Blockchain Infrastructure to Drive Mass Adoption", Dr. Kokkalis shared that every technological era has a delay between invention and practical application. He cited electricity as an example: after it was invented, it took time to develop practical applications. Similarly, with AI and blockchain, he emphasized the importance of building truly groundbreaking applications and products to drive widespread acceptance.
3. Impact on the community and the market
The appearance of Dr. Kokkalis at Consensus 2025 is seen as an important step in enhancing the visibility and reputation of Pi Network. However, after the speech, the price of Pi dropped by more than 15%, down to about $0.81. Some users believe that the reason is that the speech did not mention the listing of Pi on exchanges – something that many investors are hoping for.
Conclusion
Dr. Nicolas Kokkalis's speech at Consensus 2025 affirmed the strategic vision of Pi Network in combining AI and blockchain to promote mass adoption. Although it did not fully meet the expectations of some investors regarding listing information, this event still marks an important step in the development journey of Pi Network.
