Pi Network Drops $100M Bomb: Can This ’Mobile Mining’ Project Finally Deliver Real Value?

Pi Network Ventures just unleashed a nine-figure war chest—$100M earmarked to boost its ecosystem. The move reeks of desperation from a project that’s spent years teasing ’mainnet launch’ while its army of phone miners waits for payday.

Here’s the play: The fund will back developers building on Pi’s blockchain, from DeFi apps to NFT platforms. Core team claims it’ll ’accelerate utility’ for Pi coin—currently trading like a speculative meme asset despite 35M+ ’pioneers.’

Impact on Pi Coin? Short-term pump likely as bagholders cheer. Long-term? Depends whether these VC dollars can attract real talent, not just the usual crypto grifters chasing easy money. Remember: Throwing cash at problems is Wall Street’s favorite band-aid solution.

Pi Network has introduced Pi Network Ventures, a $100 million fund aimed at supporting startups that build real-world use cases for the Pi cryptocurrency. The initiative, backed by 10% of the Pi tokens allocated to the nonprofit Pi Foundation, is intended to shift Pi from a widely held asset to one that’s actively used in daily life.

While the announcement was meant to spark excitement, Pi Coin’s market reacted negatively. With growing confusion, the token plunged over 45% this week, wiping nearly $5 billion in market cap and knocking it out of the top 20 crypto list. After briefly touching $1.5, Pi is now trading around $0.88, leaving investors and the community rattled.

Driving Real-World Adoption

THIS IS VERY IMPORTANT, Why?

Utility will increase — PI will be able to become a real currency used for payments and trading, instead of just a mining token.

Startups will be funded — $100M will be given to projects that implement Pi in real-life.

Ecosystem will be… pic.twitter.com/t4ivK1a9Pt

Pi Network Ventures wants to give money to new businesses that use Pi in useful ways, like letting people pay with Pi or using it in their apps or services. The idea is to make Pi something people use in real life, not just something they mine on their phones. This funding comes right after Pi entered its “Open Network” phase, which now lets it connect with other apps and systems, making it easier for Pi to work in the real world. This means Pi could finally become something useful, like real money. The fact that the Core Team is doing this also shows they are serious about Pi’s future. They believe this could finally turn Pi from just an idea into something real.

Community Support Still Key

This fund represents just one part of Pi’s two-track growth strategy. While it focuses on select high-potential businesses, the other half is driven by grassroots efforts, hackathons, open development tools, and builder platforms aimed at energizing the global Pioneer community to innovate with Pi.

• Also Read :

But Where Are the DApps?

Despite years of promises, the Pi community says there’s little to show in terms of functioning decentralized applications (DApps). Influential figure Dr. Altcoin called the $100M fund announcement “a betrayal,” pointing out that after six years, the CORE team has yet to deliver on its commitment of launching 100 working DApps.

The Pioneer base, with around 70 million users worldwide, is feeling ignored. Dr. Altcoin also noted that many users couldn’t even earn 1,000 Pi tokens due to limited referral rewards and inconsistent communication. The lack of transparency and progress has left many feeling sidelined despite their early contributions.

Volatility Adds to Pressure

On the flip side, Pi Coin’s crash is also linked to a 5.2 million token unlock, causing more selling pressure. Trading volumes surged 35% to $951 million, signaling high volatility. While the fund aims to shape a stronger future for Pi, it’s clear the project must first rebuild trust within its own community.

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

The Open Network phase enables Pi to connect with real-world apps, making it usable beyond phone mining for payments and services.

To shift Pi from a mined asset to a widely used cryptocurrency by funding apps and services that use Pi daily.