Pi Network Gears Up for Open Network Launch, Seeking Strategic Partnerships

Pi Network has announced its intention to form strategic partnerships with businesses across various sectors as it prepares for its Open Network launch. The initiative aims to connect the platform’s reported user base of over 60 million “Pioneers” with crypto services and general businesses.

The announcement comes at a critical time for Pi Network, which is currently in its “enclosed mainnet” phase. The platform is gearing up for a full mainnet migration.

Pi Network is selecting partnerships with crypto-services and general businesses ahead of our Open Network launch. This is a unique, early opportunity for businesses to connect with over 60 million engaged Pioneers and become part of Pi’s rapidly expanding Web3 ecosystem.

Learn… pic.twitter.com/6CXzlyQmok

— Pi Network (@PiCoreTeam) September 26, 2024

Pi Network is targeting a wide range of potential partners, including those in crypto services, fintech, retail, and digital commerce.

The platform emphasizes that this is an early opportunity for businesses to integrate with one of the fastest-growing decentralized platforms.

Ecosystem Development and Real-World Utility

According to Pi Network, partnering businesses will gain access to tools enabling transactions with Pi coins, the development of decentralized applications (DApps), and potential new models for e-commerce and finance leveraging blockchain technology.

These partnerships are expected to play a crucial role in building a robust ecosystem where Pi coins have practical utility. The network aims to facilitate uses ranging from retail payments to powering smart contract services.

Pi Network’s Open Network launch is set to be a major milestone. It will reportedly allow for full interoperability with external blockchain systems. Additionally, it is expected to be the point at which Pi coins become freely tradable on cryptocurrency exchanges.

Currently, Pi coins are not traded on major exchanges, as the network remains in a controlled environment. The transition to an open network will expose the project to market forces and competition.