Pi Network wants to use its 50-million-plus community to create a decentralised AI compute layer, reducing dependence on big cloud providers.
This comes as the Pi Network is now recognised under the European Union’s MiCA regulations governing crypto-assets.
Pi Network, once known primarily as a mobile mining project for everyday users, is transforming its node infrastructure into a decentralised AI compute layer. This builds on Pi Network Ventures’s first-ever major investment in OpenMind, which was part of a $20 million Series A round.
Other big backers in that round include well-known firms like Pantera Capital, Coinbase Ventures, Sequoia, and more.
OpenMind is building OM1, a hardware-agnostic operating system for robots, think “Android, but for robots.”FABRIC, a decentralised protocol that lets machines, robots establish identity, verify each other, coordinate, and collaborate securely.
In an early proof-of-concept (PoC), more than 350,000 volunteer Pi Nodes ran AI imag
