Pi network has taken a massive investment drive to increase the utility and uptake of its cryptocurrency. Pi Foundation announced “Pi Network Ventures”, a $100 million fund that will be focusing on innovative startups. This strategic step follows the open network launch by Pi Network, through which there is external connectivity with the larger digital economy.

Key Takeaways:

• Pi Network started an investment fund, worth $100 million, for startups that make Pi more useful in the real world.
• Blockchain non-native startups are not the only sectors that the fund will invest in the likes of AI, Fintech and E-commerce as well.
• Companies that receive investments have access to Pi’s global user base of tens of millions in more than 200 countries.
• Pi Network Ventures is a strategic move to change Pi from a token that is popularly owned to one that can be used in daily operations.

A New Leaf for Engineers in the Pi Ecosystem

The Foundation set up the venture fund from its own foundation reserves, donated by Pi fans. This makes up 10% of the Pi tokens saved for future growth of the network. The purpose is to help Pi change from a common cryptocurrency into something practical for daily life. Pi Network Ventures will invest money in organizations that add Pi to their business processes.

Pi Network Ventures is not the same as most other crypto investment programs. The fund selects projects using the techniques used by professionals in venture capital. It inclusively focuses on startups working with blockchain as well as established tech companies from several areas.

Strategic Investment Focus Areas

The money will be invested in both blockchain and a variety of other technology industries. Pi Network Ventures will look at companies from different stages of development. You can invest your money in startups just beginning or in businesses that have already reached Series B and above.

By taking investment, companies will connect with Pi’s large community of users. Ten million users are on the Pi Network in more than 200 countries. The KYC process on Pi has been used by more than 19 million users. So, ventures starting up can enjoy both support and instant access to customers.

Benefits for the Pioneer Community

The strategic investment program offers many valuable benefits to Pi users (called Pioneers). When more and more businesses start accepting Pi, people will have many more benefits from using their tokens. All business integrations help the network become more useful and valuable.

Since digital identity is becoming more important, fingerprint biometrics provides people with both accuracy, ease of use and is widely accessible. At the beginning, a sensor images the fingerprint. Following this, the system separates specific features called minutiae, for example, ridge endings and bifurcations. Pioneers are introduced to new benefits, and developers use these benefits to invent new tools.

Conclusion: Pi Network Investments

Pi Network urges companies to buy Pi tokens using US dollars, with the option to set their own schedules and plans for use of the funds. The foundation has the right to invest just part of the $100 million. Applicants’ skills and their usefulness to the company’s strategy are what largely determine investment decisions. Pi Network Ventures plays only one role in Pi’s plan to develop new uses for its cryptocurrency.