Pi Network Ventures made a strategic move by participating in OpenMind’s $20 million funding round. It has made its first big investment following the launch of its $100 million venture capital fund, building on real-world utility and innovation in artificial intelligence and robotics.
OpenMind, an AI robotics start-up from Silicon Valley, was founded by Stanford professor Jan Liphardt. The start-up develops OM1, an operating system for universal robots.
Strategic investors back OpenMind’s vision
Besides OM1, OpenMind is deploying the FABRIC protocol. This infrastructure assists in validating machine identities and supporting real-time collaboration. With OM1 and FABRIC, self-driving vehicles, geriatric care, smart production, and logistics can be enhanced by AI-based coordination.
OpenMind’s funding round received notable participation from major firms such as Pantera Capital, Coinbase Ventures, Ribbit Capital, and Sequoia China. Pi Network’s participation reflects its shift from cryptocurrency mining to smart technology investment and further absorption into the artificial intelligence ecosystem.
Community Reactions and Expert Opinions
Some Pi community members reacted to the fund announcement with skepticism and anxiety. They insist that the fund should be used for the development of the Pi ecosystem. One of the pioneers of the decision “disturbing” stated that the project should concentrate on the growth of the network rather than going outside.
The argument has been denied by experts who say Pi Network can combine blockchain and robotics. Such a merge has the potential to open up a future where decentralized ledgers and smart machines work together, bringing innovative decentralized solutions to market.
Meanwhile, Pi Core Team launched a new wallet security feature. The Passkey upgrade introduces one-tap authentication, enhancing protection after reports of wallet hacks. It aligns with Pi’s recent upgrades, including Binance integration rumors, which fueled community speculation.
Pi Network price outlook: Bull or Bear?
Currently, Pi Coin exchanges between $0.35 $0.40. The price declined by 10% over the last 24 hours. August’s token unlocking will release 156 million coins priced at $68 million, creating significant supply pressure to an already bearish market.
If Pi goes below the support level of $0.40, it can drop to $0.32. Technical analysis indicates price rejection in a declining trendline. Traders keep failing to drive Pi beyond this resistance, which indicates poor buying strength and an unfavorable market sentiment.
Pi Coin never participated in the general market upsurge. Since its February high of $2.98, it has progressively dropped. Selling momentum prevails when RSI remains less than 40. Downside pressure can increase unless Pi pushes beyond the resistance barrier before the August unlock event.
