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Pi Network Drops $100M Bomb on Crypto Startups—Will This ’Community-Driven’ Bet Pay Off?
Pi Network Drops $100M Bomb on Crypto Startups—Will This ’Community-Driven’ Bet Pay Off?
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Silicon Valley’s favorite mobile mining project just went full venture capitalist. Pi Network—the crypto that made ’free mining’ a smartphone reality—is deploying a nine-figure war chest to back early-stage Web3 projects.
The catch? Founder Dr. Nicolas Kokkalis insists this isn’t your typical VC power play: ’We’re funding the grassroots builders our 35M+ members actually want.’ Cue skeptical glances from Sand Hill Road.
While the crypto crowd cheers, TradFi quants whisper the quiet part aloud: ’Another token project playing hedge fund with community money.’ Pi’s native token remains confined to closed mainnet—but hey, what’s liquidity when you’ve got vibes?
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