Pi Network, a cryptocurrency project shrouded in controversy due to delayed launches and token release, has recently garnered significant attention within the cryptocurrency space. In a recent appearance at the 2025 Consensus conference, co-founder Nicolas Kokkalis addressed this phenomenon, revealing key factors driving Pi’s growing popularity. 💰
Kokkalis believes the project’s success stems from its focus on ‘value capture,’ suggesting that blockchain technology can empower a larger user base rather than concentrating power in limited hands. He emphasized the future impact of AI and agent-driven work on value distribution, and highlighted how Pi’s ecosystem offers a potential solution.
While recent price surges and speculation surrounding a large funding announcement led to a surge in interest, followed by a steep decline after the reveal, the project continues to attract a vocal community. This raises questions about the balance between hype and fundamentals and whether this momentum can be sustained long-term.
The article explores the Pi Network’s evolution, its co-founder’s views on value capture, and the dynamics of price movements in the face of news and market expectations.