Pi Network & Coinbase are among the top investors in a new AI startup that’s building verifiable machines on-chain.
Pi Network is moving closer to the 100 decentralized application (dApp) target, as promised to the Pioneer community. According to Dr. Altcoin, a very popular community voice, Pi Network’s pledge to target various tech sectors like gaming, generative AI & e-commerce platforms is starting to kick off.
San Francisco AI Startup Gets Pi Network’s Grant
A few months back, Pi Network’s Head Of Technology Nicolas Kokkalis announced a $100 million Pi Network ventures fund, exclusively directed towards artificial intelligence (AI), Web3 social networking & enterprise solutions that’s set to give Pi Coin a long-term real-life cause.
Per Dr. Altcoin, a San Francisco-headquartered AI startup received a $20 million funding from this $100 million Pi Network Ventures Fund. OpenMind, the AI company that’s building verifiable machines, is employing a proof of identity consensus for automated users joining networks.
Along with Pi Network (PI), Coinbase Ventures also backed OpenMind’s project. Surely, both Pi Network & Coinbase’s Base chain might install the technology in the future, as it aligns well with Pi’s mission of creating a secure & inclusive digital ecosystem & Coinbase’s user-friendly style.
Pi’s Price Still Skint, Here’s The Must-Watch Level
Pi Network’s (PI) native Pi Coin continues battling crypto bears at the current price level of $0.3535, distancing just 5.3% from the all-time low of $0.3352, hit just 13 days ago. The downtick seems to carry on ever since the public mainnet dropped in February, when Pi’s market value hit $2.99 a week into launch.
A few days back, popular crypto analyst Jens highlighted the strong support at $0.38, expecting Pi’s price to push back above $0.50 as the market momentum coils tighter. However, that’s not the case so far, as this crucial $0.38 accumulation zone fell like a domino amid Tuesday’s 5% downswing.
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