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Pi Network Ventures, a key player behind Pi Coin, has announced its investment in OpenMind, an artificial intelligence company. OpenMind is engaged in developing an open-source robotic operating system and protocol, aiming to enhance machines’ abilities to think, learn, and collaborate in a decentralized manner. This strategic investment by Pi Network Ventures seeks to bolster Pi Network’s vision of integrating into real-world technological ecosystems while expanding Pi Coin’s applications in AI-focused scenarios.
Bridging Blockchain and Artificial Intelligence
OpenMind is advancing a shared intelligence layer that allows robots to learn collectively and act together. This technology aligns seamlessly with Pi Network’s blockchain infrastructure, which supports equitable access and open innovation.
Pi Network Ventures’ OpenMind Investment The two companies conducted a pilot project where Pi Node operators executed image recognition models for OpenMind. These trials demonstrated that Pi Nodes could secure the ledger and perform third-party computations. With over 350,000 active Pi Nodes, this capability transforms the network into a decentralized computing layer. Node operators are positioned to earn Pi coins from AI computations in addition to mining rewards.
This development supports global AI model training and machine collaboration, positioning Pi Network as a blockchain-based distributed computing power provider. The company plans to strengthen this infrastructure further with the Protocol 23 update set to roll out by the end of the year.
The Role of Blockchain in the AI Economy
Pi Network perceives AI as a transformative force that reshapes productivity and value distribution. Blockchain provides a secure foundation for this transformation by ensuring transparency in the identity, payment, and incentive processes of autonomous AI agents.
OpenMind’s shared intelligence infrastructure aims to facilitate cross-industry collaboration, acting as a bridge between AI and the real world. Pi Network believes this integration will ensure that the gains from AI productivity are distributed fairly among human participants.
The investment positions Pi Ventures as a leader at the intersection of blockchain and artificial intelligence. The network aspires to become the backbone of decentralized coordination, payment, and computation processes.
According to CryptoAppsy data, Pi Coin recently saw a 30% increase, but faced a strong resistance at $0.28, resulting in a 3% decline in value.
