Pi Network invests $100M in startups building blockchain apps

Quick Summary:

The new organization will also attempt to bring more apps, transactions and companies onto the network while developing new use cases:“By aligning incentives and providing resources to high-potential founders, startups and companies, this initiative aims to create a feedback loop of innovation and adoption.“Related: Pi Network price nears all-time lows as supply pressure mountsPi Network Ventures’ strategyPer the announcement, Pi Network Ventures plans to invest in startups from the early stages until Series B funding rounds and beyond.

The fund will invest in startups and businesses building on Pi Network or contributing to its broader ecosystem.“This strategic program intends to invest in high-quality startups and companies across sectors, driving innovation and ecosystem growth,” Pi Network said in an X post.

According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets: United States

Topics: Startups Announcement Fund Invest $100 Blockchain Ventures Network Million Ecosystem Businesses

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 11:43:34 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28728281

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