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 foundation will split the fund between PI tokens and US dollars. It will be sourced from 10% of the PI supply allocated for foundation reserves.

Pi Network’s $100 Million Venture to Improve Utility

The project has been teasing this announcement throughout the week. Pi Network Ventures will support early-stage to Series B companies that integrate Pi into products, services, or business processes.

Also, investments will focus on sectors beyond crypto, including AI, fintech, ecommerce, embedded payments, and consumer applications.

The venture plans to operate with Silicon Valley-style sourcing, selection, and vetting processes. Most investments will be made directly in Pi tokens rather than fiat, aligning incentives with Pi’s ecosystem growth.

Further, Pi Foundation emphasized that the fund’s goal is to accelerate real-world use cases of Pi. The fund will aim to strengthen network effects among tens of millions of KYC-verified users.

Meanwhile, the $100 million is not guaranteed to be fully deployed and will be invested over time depending on the quality and number of applicants.

Overall, this marks a major development step as Pi seeks broader real-world integration and decentralized utility expansion. After a major downturn in the past few months, PI has seen increased trading and buying pressure in May.

As of May 14, the altcoin remains 85% up over the past two weeks. This bullish sentiment is being driven by the latest Binance listing rumors and growing popularity in European markets like Finland.