#PI Pi Network Ventures is a $100 million development program for Pi and USD, initiated by the Pi Foundation, aimed at making strategic investments in startups and businesses, including those that enhance the utility, adoption, and real-world impact of Pi.

Its three main goals are to increase the utility of Pi, bring more global production into the Pi network, and bring Pi into the real world.

By investing in startups and enterprises, Pi is committed to empowering developers, many of whom utilize Pi for building, integrating, and innovating, bringing real utility. The investments of Pi Network Ventures aim to find innovators focused on globally accessible, community-driven, and economically meaningful projects.

Gaming is a vertical field that Pi Network Ventures focuses on investing in. The gaming industry combines several key advantages such as social interaction, attention economy, and virtual goods, and Pi Network Ventures has a unique advantage in leveraging Pi Network to help game developers achieve their goals, thereby benefiting the Pi ecosystem.

To this end, Pi Network has launched FruityPi, a fun fruit matching game that also showcases the existing utility of Pi. By integrating with various Pi products and utilities (such as the Pi advertising network, Pi wallet, and Pi payments), FruityPi has been used by Pi Network as an early signal indicating how games, with their inherent social dynamics and virtual economy, can simultaneously drive engagement at the application level and broader ecosystem utility.

PiFest and Pi Local Business Expansion
The 2025 Pi Day marks the opening of the first PiFest following the launch of the Open Network (Open Network). The Open Network will last for a week, taking place from March 14 to March 21, 2025. With the activation of external connections for the Open Network, PiFest supports Pi-integrated commerce, providing greater opportunities for merchants' usage and adoption, as well as for pioneering participation, including seamless transactions on the Pi mainnet blockchain and related Pi products. PiFest attracted the following participants:

There are over 125,000 registered sellers, including 58,000 active sellers;

Over 1.8 million pioneers use the community-built Map of Pi application; and

Pioneers have submitted over 45,000 comments.

The success of PiFest demonstrates that pioneering enterprises and businesses are actively engaging with the Pi Network and are eager to transact on Pi. This further confirms that the long-term vision of the Pi Network to build an inclusive peer-to-peer ecosystem driven by Pi has been realized and will continue to expand.

.pi Domain Auction: A brand new platform-level utility.
Pi Day 2025 also launched the .pi domain name auction, which is a platform-level utility that leverages the collective resources of the Pi community (attention, authenticity, and a large community ready to trade) and the external connections of the open network to further expand Pi's role in real-world commerce and digital interactions.

.pi domain names allow individuals, applications, and businesses to bid for and own unique digital identifiers within the Pi ecosystem. .pi domain names now have clear, direct, and measurable real-world use cases and practical applications, which differentiate .pi domain names from other virtual properties/ownership in underdeveloped ecosystems.

So far, the .pi domain name auction has received:

Over 123,000 valid bids

Over 57,000 independent bidders

Over 69,000 domain names are in active bidding status.

The total amount of valid bids during the auction period exceeds 3 million Pi.

Ecosystem Interface Update
The ecosystem interface lists the qualified mainnet applications that pioneers can use. This continues Pi's mission of empowering pioneers and developers by providing access to applications and utilities, while also giving developers more opportunities to promote their applications. During the first 100 days of the open network, Pi Network made several updates to the ecosystem interface. These updates include:

Mainnet ecosystem application expansion: Developers who meet the deployment requirements for mainnet applications can now apply directly through the developer portal to add their applications to the mainnet ecosystem interface without waiting for whitelisting.

Improved ecosystem interface design: The ecosystem interface design has been updated, enhancing the intuitive navigation of the Pioneer community application through a more streamlined design and better user experience.

The Pi advertising network application has been extended to Pi applications: Pi application developers can now apply to join the Pi advertising network. Selected applications will be among the first Pi applications to join the pilot program, which have now generated and received advertising revenue through this program.

New applications join the mainnet ecosystem interface: Since the launch of the open network, new Pi applications have been added to the mainnet ecosystem interface, marking the ongoing support from the Pi Network community, users, and developers, as well as the continued growth of the entire Pi ecosystem applications within the first 100 days since the open network.

Network Indicators
The following are some current key metrics showcasing network growth and scale:

Since the launch of the open network, over 3 million pioneers have migrated to the mainnet, bringing the total number of mainnet users to over 13 million.

Over 7.4 billion Pi have been migrated: 5.2 billion Pi are locked, and 2.2 billion Pi are unlocked.

There are over 400,000 active nodes on the Pi blockchain (Testnet1, Testnet2, and Mainnet).

Pioneers can check the Pi Blockexplorer for the latest metrics and read more about Pi's tokenomics and supply here.

Account security, mainnet migration and mainnet wallet activation
Since the Open Network, Pi continues to support pioneers by updating account security and migrating to the mainnet, and by activating wallet access to extend mainnet accessibility.

Complete telephone number change for KYC-verified pioneers: Pioneers who have passed KYC can now update their complete telephone number after completing the live verification test.

Pi wallet migration enables two-factor authentication (2FA), helping to ensure the security of pioneer user accounts: Pioneer users must complete 2FA verification to ensure the security and reliability of their migrated Pi wallets. Pioneer users affected by this requirement must complete this verification to successfully migrate Pi to the mainnet blockchain.

Switch to email-based two-factor authentication (2FA): This security measure allows for more convenient, secure, and cost-effective verification through trusted email. Email-based two-factor authentication (2FA) is not subject to the limitations of SMS-based verification (such as geographical restrictions caused by telecom limitations, carrier policies, personal service subscriptions, costs, etc.).

Activate opportunities through the new wallet to expand the accessibility of the Pi mainnet ecosystem: The mainnet wallet activation feature allows verified pioneer users (including those who have completed KYC verification, most users who are tentatively completing KYC verification, and users who have not yet joined the Pi network) to activate wallets on the Pi mainnet blockchain. This will unlock their access to participate in the Pi mainnet ecosystem and expand its inclusivity.

The brand new account recovery option is now online: We have launched a new password reset process. This process is applicable to pioneer users who have set up a trusted email for their accounts. If pioneer users have set up a trusted email, they can request a password reset and receive a password reset link at the trusted email address, which not only covers the existing recovery methods for pioneer users.

KYC Update: Pi Network has also addressed various issues that may hinder some pioneer users from completing the KYC process. These measures include identifying and fixing minor errors in the process, updating to allow Yoti users to fully complete the process, and addressing issues related to data missing.

Conclusion
The ecosystem of Pi in the open network is defined by initiatives of applications and utilities, practical use cases, and the participation of the Pi community. In the first 100 days of the open network, pioneers have demonstrated that a widely adopted, utility-based Pi cryptocurrency will continue to grow and thrive. Pioneers, developers, and businesses should continue to engage and create on Pi, driving the network to further achievements that benefit the entire ecosystem.