Categories: Blockchain

Pi Network Advances Toward Open Mainnet with 12M KYC Verified Users

Pi Network has achieved significant strides toward transitioning to an Open Network Mainnet, as demonstrated by the growing number of KYC-verified users and the integration of practical Pi applications. This development underscores the platform’s evolving capabilities in the Web3 space.

As of June 2024, Pi Network boasts over 12 million KYC-verified users, with 5.79 million already migrated to the Mainnet. Additionally, the ecosystem now supports 70 real applications, either operational on Mainnet or ready to launch.

Dr. Chengdiao Fan, a founder of Pi Network, expressed enthusiasm about the community’s role in these achievements. “Our path to Open Network relies on the collective efforts of the global Pi community,” she stated. The progress reported comes as Pi Network hosts its annual Pi2Day event, celebrating the ongoing success and future potential of the platform.

Dr. Nicolas Kokkalis, another founder, highlighted the technical advancements that facilitated this growth. “Our team’s diligent testing, technical optimizations, and numerous revisions have allowed for numerous updates in Mainnet migration, KYC, and other blockchain components like the Pi Node,” he explained.

Such improvements are pivotal as Pi Network prepares for further migrations and the development of Mainnet Node capabilities throughout 2024.

The Pi Network community has expanded from 45 million to over 60 million engaged users worldwide since last year, indicating robust engagement and growth. New features like the Fireside Forum, a Web3 social media app, and the Pi Ad Network, which leverages the community’s scale and verified identities, are enhancing interactions within the network.

As Pi Network continues its journey toward a fully operational Open Network in 2024, these advancements are setting the stage for increased utility and community engagement across its global user base.

Terron Gold