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Pi Network Launches $100M Venture Fund to Boost Blockchain Startups
By: live bitcoin news|2025/05/16 04:15:05
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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 InnovationThe 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 Pi.On the other hand, Startups given investment will be able to use Pi Network’s globally spread user base. Pi Foundation has expressed that access to the huge verified user base may help new startups significantly grow.Pi Network Ventures to Mirror Top Silicon Valley Investment TacticsThe foundation said that it will use the same careful process as leading Silicon Valley venture firms. In addition, the foundation adds that it will use the same practices as top Silicon Valley venture firms, such as strict selection and providing backup. The main target for the investment strategy is to find companies that can help advance the Pi platform.The initiative will bring more value and regular use of Pi tokens to the Pioneer group. As businesses switch to Pi, users will find many new ways to use their digital currency. As a result, Pi will be more useful in common activities.Pi Network Ventures aims to grow a thriving ecosystem by funding companies from starting out to Series B and beyond. It is expected to help companies that produce tech solutions and make a positive difference in the world with the support of Pi.Building the venture fund is only a single element of Pi’s greater plan. Although the program focuses on top companies, the network helps out with grassroots innovation by holding hackathons and infrastructure platforms. When combined, they both help grow and improve the industry.Last but not least, the main purpose of Pi Network Ventures is to support innovative changes, sustainability, and community growth. Because of financial backing, important mentorship, and a large audience, it could have a huge impact on startups and on the future of digital currency.The post Pi Network Launches $100M Venture Fund to Boost Blockchain Startups appeared first on Live Bitcoin News.
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