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Drinking the netBlockchain platform designed for mobile users, has introduced a new $ 100 million fund support projects that build on their system.
Financing will Come through a group called Pi Network Ventureswhich will ensure money and in Pi tokens and in US dollars.
The idea is yes Supporting companies using Pi in their services or help growing up overall networks. Pi Foundation, a team behind the project, explained UA Announcement May 14 That this decision aims to make Pi more useful.
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According to a spokesman, Most investments will be made using pi tokensAlthough values will be calculated in dollars. They said the goal was to provide companies with the same currency they would work with.
The Fund is planning to support companies at different stages, including new startups and those already in the Runda Financing of the B. Focus will be on practical tools and services that bring more PI network activities.
Pi network ventures will not limit their support only to the crypto tools. It will also consider areas such as artificial intelligence (AI), financial technology, network shopping platforms, social media and applications for personal and business use.
In addition, the team said he would take a more traditional approach, including carefully reviewing potential projects, meeting with founders and choosing ideas that could have a strong influence.
In the meantime, Stripe, a financial infrastructure platform, has recently announced new products that expand the use of Stablecoin and AI during its annual San Francisco User event. What are they? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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