Pi Network is expanding its footprint in the gaming market as the FruityPi game app integrates seamlessly with several Pi products. This integration would benefit the game developers by streamlining their access to Pi’s infrastructure while capitalizing on the network’s community strengths. Investors are closely watching the movement in Pi Coin amid broader market developments.
Pi Network Highlights Gaming As Growth Catalyst
The Pi Core Team has emphasized the role of gaming in fostering engagement and utility within the Pi Network ecosystem. The newly launched FruityPi game app serves as a prime example of this vision. Furthermore, the app integrates seamlessly with key products, including the Pi cryptocurrency, Pi Wallet, and Pi Ad Network.
Thus, this integration would benefit developers by streamlining their access to the Pi infrastructure while also capitalizing on community strengths like signups, attention, and engagement. Pi Core team sees gaming as a strategic tool to deliver value to users and developers alike.
Pi enthusiast Mr Spock shares a live transaction of FruityPi on the Pi Network’s Mainnet, which shows tangible utility within its ecosystem. He said that this transaction highlights three critical aspects of the Pi ecosystem:
Mainnet Utility in Action: Users are actively spending and accepting Pi as a means of payment in apps, thereby signaling real adoption.
Decentralized Pricing: Sellers are independently setting prices for goods and services, such as 0.1 Pi for a power-up, instead of adhering to a Global Consensus Value (GCV).
Decentralized Governance: The Pi Core Team has no involvement in price enforcement. This leaves pricing decisions entirely in the hands of app developers and users, while demonstrating the decentralized nature of the ecosystem.
Earlier this month, the PiCore team launched Pi Network Ventures, a $100 million venture capital fund aimed at fostering innovation within its ecosystem. The fund is dedicated to supporting projects and startups focused on building decentralized applications (DApps) on the Pi Network platform.
Pi Coin On Investors’ Radar
Pi Network’s native cryptocurrency Pi Coin has witnessed a significant uptick in daily exchange activity. In the last 24 hours, 4 million Pi tokens deposits to exchanges have been registered following the recent unlock. This has further led to a strong selling pressure on Pi Coin price, dropping to the crucial support of $0.60, losing which can take investors back to the April lows of $0.40.
Popular analyst Dr Altcoin warned of the Pi Coin crash, noting: “The price of Pi will likely continue to decline until the end of August, after which it may slowly start to recover. I previously predicted it could drop to $0.40 – unless the Pi Core Team becomes transparent”.
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Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
