Pi Network Invests in Decentralized AI with OpenMind Partnership

Pi Network is partnering with OpenMind to advance decentralized AI and robotics. The alliance leverages Pi’s extensive blockchain network, boasting 350,000 active nodes, for developing AI models. The collaboration will introduce token incentives akin to community mining models to encourage contributions to the project. This strategic move marks Pi Network Ventures’ first foray into Web3 infrastructure, focusing on utilizing these nodes for decentralized AI model testing and enhancing their mobile crypto mining platform. 350,000 active nodes will be a key resource for this initiative, furthering their existing platform in Web3 infrastructure. This alliance aims to revolutionize blockchain-based AI by introducing token-based rewards for contributors, mirroring the community mining model Pi Network is renowned for. The partnership’s focus on expanding into decentralized AI and robotics offers potential for market growth and innovation within the Pi network ecosystem. It aligns with industry trends like Fetch.ai’s investments in decentralized AI, driving advancement in this sector.