The Pi Foundation has announced a $100 million venture fund called Pi Network Ventures. This initiative is aimed at supporting startups that build upon the Pi ecosystem, ultimately driving wider adoption of the cryptocurrency. 💰
Pi Network Ventures will focus on early-stage and Series B+ companies developing solutions in areas such as blockchain technology, FinTech, gaming platforms, e-commerce, embedded payments, marketplaces, social networks, and more. They aim to enable real-world applications for Pi cryptocurrency.
The fund’s broad focus is seen positively by investors who are hopeful the initiative will lead to lasting impact and increased community trust. This venture aligns with previous Pi Foundation achievements, demonstrating a commitment to continuous ecosystem growth. 🌱