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.

Security Warning for Users

Even though the platform has more big investors, the threats are still there. Recently a user named Oluwadamilare shared that sometimes, he has been receiving ads on it’s Facebook page and application, which is generally handled by third parties. Also raised a question, what if users lost their Pi in those scams.

In response to that, Dr. Altcoin warns: Pi-coin is not really “free,” and no authenticated offer will ask for users' secret codes. Always ignore suspicious ads or links, and only follow official updates from verified sources.

Belief Against Market Volatility

Recently the crypto market has been shaky. In the last 24 hours, more than $200 million in long positions were lost, and the total crypto market value dropped below $3.9 trillion.

Source: CoinMarketCap

Despite this, Dr. Altcoin says it is best to invest for the long term. He recommended holding crypto for at least five years and has chosen Pi Network as his long term project.

Conclusion

Although Pi-coin is continuously facing frequent ups and downs, as for now it is trading at around $0.3494, showing a 11.03% week long decline, significant advancement in the ecosystem balancing its further increament.

A whale has collected nearly 360 million tokens, showing strong confidence in the project. Altcoin sees this as a sign that Pi Network has a lot of potential and advises users to focus on long term growth instead of short term trading.