Pi Network has its sights on expanding its ecosystem with the latest play involving the launch of a $100M VC fund. The new fund will fund projects and startups advancing real-world utility and adoption of the Pi Network.
Pi Network Launches $100 Million Venture Capital Fund For Ecosystem Expansion
According to a press release, Pi Network has announced a fresh $100 million venture capital (VC) fund to support innovative startups in the ecosystem. Per the statement, the fund will feature assets in both USD and Pi Coins, propping up projects pursuing real-world Pi utility.
The new $100M fund will be disbursed via the Pi Network Ventures, a newly minted entity created by the Pi Foundation. Per the announcement, the Pi Coins forming a portion of the funds stem from the Pi Foundation’s reserves.
Pi Network Ventures will invest in Pi-focused companies in the early stage, including Series B and subsequent rounds. Furthermore, the Pi fund will expand support beyond blockchain-native startups with an eye on AI and e-commerce startups.
“This initiative gives creators the resources they need to build solutions that solve real problems while reinforcing the value of the Pi ecosystem,” said Nicolas Kokkalis.
The announcement comes at the start of Consensus 2025, with the project expected to make a major appearance at the event.
Is This The Widely Anticipated Ecosystem Announcement?
The Pi Core Team (PCT) has previously teased an ecosystem announcement for May 14, leaving community members on edge. While the $100M fund has triggered a wave of excitement, there is speculation that the launch is only the tip of the iceberg.
Community members have their sights on a potential exchange listing for the Pi Network. While chatter of a potential Binance listing continues to percolate, an HTX listing for Pi Network has gathered significant steam.
HTX has dropped a string of hints pointing to a potential listing in its social media posts, stoking waves of optimism. Upbit is another potential exchange listing, given the sheer number of Pi Coin holders in South Korea.
Ahead of the ecosystem announcement, Pi Network price crossed $1, to leapfrog Litecoin (LTC) and Bitcoin Cash (BCH). A listing announcement during the Consensus 2025 event will signal mainstream adoption for in addition to the upside of a potential Pi Coin rally.
The post Pi Network Launches A $100M VC Fund To Support Real-World Use Cases appeared first on CoinGape.
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