Pi Network to Deploy 10% of PI Supply for $100 Million Startup Fund

The Pi Foundation today announced the launch of Pi Network Ventures, a $100 million development initiative aimed at investing in startups and businesses that drive Pi adoption and utility. The fund will be split between Pi tokens and US dollars, sourced from 10% of the PI supply allocated for foundation reserves. Pi Network’s $100 Million Venture to Improve Utility The initiative comes shortly after Pi Network’s Open Network launch, which enabled external connectivity. Pi Network Ventures will support early-stage to Series B companies that integrate Pi into products, services, or business processes source: https://beincrypto.com/pi-network-100-million-startup-investment-fund/