- Pi Core Team commits $100M investment to a startup program for Pi Network utility, adoption
- The Pi community is hopeful this $100M fund can transform Pi Coin into a real-world currency
- Wider crypto community remains observant of Pi Network’s $100M plan due to its past pace
The Pi Core Team has launched a program to invest $100 million in startups and businesses dedicated to advancing Pi Network’s utility and real-world adoption.
This move has brought on optimism within Pi Coin community members in terms of the project’s future trajectory. The team stated the initiative aims to drive innovation and Pi ecosystem growth.
Investment Program Focuses on High-Quality Startups
In its latest post on X, the Pi Core Team noted that it would hold the initiative funds in Pi and USD and focus on high-quality startups and companies across multiple sectors. According to the team, its primary aim is to drive innovation and ecosystem growth via the early support program.
In the meantime, Pi community members consider the latest initiative significant. They believe it would boost Pi’s adoption and support the cryptocurrency’s growth in various ways. One such community member highlighted the initiative’s potential benefits, citing its potential to boost Pi’s chance of becoming a real currency for payment and trading instead of just a mining token.
Furthermore, the community member analyzed the effect of the latest initiative, noting that it would help strengthen the Pi ecosystem by enhancing the growth of Pi-powered apps, services, and platforms. Hence, it would allow the Pi economy to develop as a cryptocurrency entity. The Pi user considers the latest development a reflection of the Pi Core Team’s seriousness in growing the project.
Broader Crypto Community Observes Pi Network’s Progress
Although Pi adopters are optimistic about the latest initiative by the project’s core team, members of the larger crypto community are observant and waiting for more confirmation. The crypto community members’ perspective on the development stems from Pi’s antecedents and historical development pattern. The project took a while to mature into a full-fledged cryptocurrency, leaving a reputation as a gradually developing project.
Nonetheless, historical behavior does not always determine future antecedents. Therefore, Pi Network’s newly launched initiative could revolutionize the cryptocurrency’s prospects, surpassing the hype to deliver real-world utility.
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