Pi Community has its sights on increasing its ecosystem with the most recent play involving the launch of a $100M VC fund. The brand new fund will fund initiatives and startups advancing real-world utility and adoption of the Pi Community.
Pi Community Launches $100 Million Enterprise Capital Fund For Ecosystem Enlargement
Based on a press release, Pi Community has introduced a contemporary $100 million enterprise capital (VC) fund to assist revolutionary startups within the ecosystem. Per the assertion, the fund will function property in each USD and Pi Cash, propping up initiatives pursuing real-world Pi utility.
The brand new $100M fund can be disbursed through the Pi Community Ventures, a newly minted entity created by the Pi Basis. Per the announcement, the Pi Cash forming a portion of the funds stem from the Pi Basis’s reserves.
Pi Community Ventures will put money into Pi-focused corporations within the early stage, together with Sequence B and subsequent rounds. Moreover, the Pi fund will broaden assist past blockchain-native startups with a watch on AI and e-commerce startups.
“This initiative offers creators the sources they should construct options that remedy actual issues whereas reinforcing the worth of the Pi ecosystem,” mentioned Nicolas Kokkalis.
The announcement comes at first of Consensus 2025, with the undertaking anticipated to make a serious look on the occasion.
Is This The Broadly Anticipated Ecosystem Announcement?
The Pi Core Crew (PCT) has beforehand teased an ecosystem announcement for Could 14, leaving group members on edge. Whereas the $100M fund has triggered a wave of pleasure, there may be hypothesis that the launch is simply the tip of the iceberg.
Neighborhood members have their sights on a possible alternate itemizing for the Pi Community. Whereas chatter of a possible Binance itemizing continues to percolate, an HTX listing for Pi Network has gathered important steam.
HTX has dropped a string of hints pointing to a possible itemizing in its social media posts, stoking waves of optimism. Upbit is one other potential alternate itemizing, given the sheer variety of Pi Coin holders in South Korea.
Forward of the ecosystem announcement, Pi Network price crossed $1, to leapfrog Litecoin (LTC) and Bitcoin Money (BCH). A list announcement in the course of the Consensus 2025 occasion will sign mainstream adoption for along with the upside of a possible Pi Coin rally.
The put up Pi Network Launches A $100M VC Fund To Support Real-World Use Cases appeared first on CoinGape.