Why Dr. Altcoin Trusts Pi Network Despite Bitcoin Regrets
Institutional Support, Venture Fund, Long-Term Growth of Pi Network
Dr. Altcoin, who used to be called Dr. Picoin, recently talked about the Pi Network. He explained that more big companies are supporting it, but there are also some risks for users. In the last chapter of his new ebook, called “Dr. Altcoin’s Bitcoin Regrets and Pi Network Conviction-A Researcher’s Journey,” he shares his own experience in crypto and why he thinks Pi-Network could be important for long-term investors.
Source: X
Institutional Support and Silicon Valley Validation
Pi Network has received support from big venture capital firms in Silicon Valley, like Ulu Ventures,. Ulu Venture, the first Latina-led fund in Silicon valley, includes it in its 213 companies, along with successful ones like SoFi, and Palantir. Other ventures like 137 Ventures, and Designer Fund, who support famous tech firms like SpaceX, Uber, Airbnb, Phantom, also give their support to the framework.
Dr. Altcoin says that this support shows it is a project investors see as promising, even before it becomes popular. He says the crypto community should take this support seriously.
Pi Network Ventures Fund Launch
Beside its seed funding achievements, the platfrom has started a $100 million Ventures fund. This will invest in different tech areas like AI, FinTech, payments, gaming, e-commerce, social webs, marketplaces and Web3 tools.
OpenMind, a startup from San Francisco that is creating an open-source AI system for robots, is one of the companies to get money from the Pi Network Ventures fund. Openmind focuses on robots that can join web with proof of identity and verified physical location, showing the platform’s focus on security, trust, and accountability.
