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Category: CRYPTO NEWS
The post Pi Network Launches $100M Venture Fund to Boost Blockchain Startups appeared on BitcoinEthereumNews.com. Pi Network launches $100M fund to support blockchain startups. 10% of Pi tokens reserved for ecosystem-building ventures. Pi boosts adoption with funding, mentorship, and user access. In a significant move aimed at expanding its blockchain ecosystem, Pi Network has launched a $100 million venture fund to support startups and businesses building on its platform. On May 14, the Pi Network Ventures initiative was announced to help the Pi become more practical every day by investing in new projects. 10% of Pi Tokens Allocated to Support Startup Innovation The initiative is one of many steps Pi Network is taking to grow its ecosystem. This initiative is being organized by the Pi Foundation, a non-profit that wants to help Pi Network develop for the long run. 10% of all Pi tokens are set aside to be used in the venture fund to support initiatives that help the ecosystem. Startups that choose to use Pi in their business will be supported by the Pi Network Ventures. This may involve creating applications, types of payments, and businesses that involve Pi. Further, the investment seeks to help these companies develop and increase their chances of achieving success. This announcement comes after Pi Network made major progress towards being open to the world. On February 20, 2025, the network went from a private environment to a fully open mainnet. Because of this, people now have a way of connecting to the network and using it in their everyday activities. It plans to invest in blockchain-focused firms and those working in other tech sectors. As well as focusing on blockchain, they are interested in AI, fintech, e-commerce, social platforms, and enterprise applications. Since the fund will invest in more than just blockchain startups, Pi Network hopes to attract strong and disruptive teams and encourage faster use of…
2025-05-16T02:40:08+00:00