Pi Network has launched Pi Network Ventures, a $100 million fund to invest in startups and companies that drive the adoption and utility of its blockchain ecosystem. This fund will consist of Pi (PI) tokens and US dollars and aims to strengthen innovation on the platform.
The investment strategy includes everything from early-stage startups to Series B and later rounds, covering various sectors such as AI, fintech, e-commerce, social networks, and business applications. The fund intends to operate like traditional venture capital firms in Silicon Valley, with rigorous selection processes.
Despite the announcement, Pi Network faces criticism and concerns about its transparency and user referral model, with some pointing out similarities to pyramid schemes. The PI token has also experienced volatility, with significant losses since the launch of its mainnet.
What is your opinion on this new PI target? Do you think it will work?
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