Pi Network invests $100M in startups building blockchain apps

Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure. According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund will invest in startups and businesses building on Pi Network or contributing to its broader ecosystem. “This strategic program intends to invest in high-quality startups and companies across sectors, driving innovation and ecosystem growth,” Pi Network said in an X post source: https://cointelegraph.com/news/pi-network-s-team-launches-100-m-fund-to-invest-in-ecosystem?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound