Pi Network Drops $100M Bomb on Crypto Startups—Will This ’Community-Driven’ Bet Pay Off?

BTCC / BTCC Square / CryptotimesIO /

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2025-05-14 15:07:08

Pi Network Backs Startups with $100M Venture Fund

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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