- Pi Network’s AI investment triggers price rise.
- Pi Coin sees a 29% increase.
- AI assets expand Pi’s utility.
Pi Network Ventures announced its $100 million investment in AI, selecting OpenMind to leverage decentralized blockchain for autonomous robots, aiming for increased utility and price momentum recently.
The investment highlights Pi Coin’s shift towards real-world applications, resulting in a 30% price surge and setting the stage for enhanced AI integration within the blockchain ecosystem.
Main Content
Pi Network’s recent AI-focused investment announcement has spurred a significant shift for Pi Coin. The initiative, led by Pi Network Ventures, focuses on expanding real-world utility for the network, driving price momentum and community engagement.
The investment arm, operated by the Pi Core Team, launched a $100 million venture fund. Its first allocation supports OpenMind, a startup on AI infrastructure. This initiative is rooted in the project’s foundational technical and community support.
Following the announcement, Pi Coin’s price surged up to 29-30%, indicating bullish momentum. Trading rebounded from October lows, positioning Pi Coin as a promising participant in decentralized AI infrastructure and driving ecosystem engagement.
Financial shifts see expanded node utility and accelerated KYC processes via AI tech. The incorporation of AI workloads provides node operators with opportunities to earn, elevating the Pi Network as an emerging player in blockchain innovations.
Pi Network Ventures…has been looking for projects that turn blockchain infrastructure into something useful and tangible.” – OpenMind Team, AI Robotics Startup, OpenMind
Increasing integration of real-world applications reflects historically temporary surges akin to previous blockchain advancements. However, sustained growth effects depend on user adoption and genuine revenue streams in the evolving decentralized tech landscape.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |