Coin

Rumors have recently surfaced that Pi Network, the mobile-mining cryptocurrency project, has received $15 billion in funding. Recently various social media accounts are sharing screenshot of an image showing business description and key information of Pi network. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfa3wYLYMem_lJIee1DOXJT1bgbSliE1W28N5a3qtBaS4M-3rdM0rfvHWLR6ff8eD0J3hriKeXjNqDQTAI6pX2y38S7VTvPE9WaLcJh8pJYkgTeDte0Tu93v59_hn5B45igkOCo-xHtNFHVBH1ezAGpUWRq?key=0qVVpBel8KcoZSqJclOjLw" alt="AD 4nXfa3wYLYMem lJIee1DOXJT1bgbSliE1W28N5a3qtBaS4M 3rdM0rfvHWLR6ff8eD0J3hriKeXjNqDQTAI6pX2y38S7VTvPE9WaLcJh8pJYkgTeDte0Tu93v59 hn5B45igkOCo">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/Pi_Coins/status/1842209945090920497" target="_blank" data-type="link" data-id="https://x.com/Pi_Coins/status/1842209945090920497" rel="noreferrer noopener">Twitter</a>
 </figcaption>
</figure> 
Pi Network officially hasn’t disclosed any such information. However, these rumors are based on data taken from Tracxn Scan, a platform that lets investors discover trending businesses around the globe. 
To verify these claims, we at CryptoTimes checked the Tracxn website and found no such information. The funding details for Pi Network remain undisclosed on the website. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeea7yoGijZS1gKZozHsnHGtsiqfN_e5zP0TAe0VY_u10rB5u3OvCGAFMzGoNr9dNu0nsJRJMNznMR-shaH8hcIGv7CeKZbTEHClKE4HG7ty_1v2aol--m6VcrOeffXjukmGR-NlDW7GJE3xh_xRfvszO1g?key=0qVVpBel8KcoZSqJclOjLw" alt="AD 4nXeea7yoGijZS1gKZozHsnHGtsiqfN e5zP0TAe0VY u10rB5u3OvCGAFMzGoNr9dNu0nsJRJMNznMR shaH8hcIGv7CeKZbTEHClKE4HG7ty 1v2aol m6VcrOeffXjukmGR">
 <figcaption class="wp-element-caption">
 Source: Tracxn
 </figcaption>
</figure> 
Pi Network has received investment from three significant investors: Designer Fund, 137 Ventures, and Ulu Ventures. While the exact funding amount remains undisclosed, their backing adds to the project’s credibility and long-term potential. 
On the other hand, the crypto community and Pi enthusiasts are now eagerly awaiting the official launch of Pi, anticipating that it could revolutionize the space with its unique mobile-mining mechanism and massive global user base. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/15/upcoming-pi-mainnet-launch-check-speculative-pi-coin-price/" target="_blank" rel="noreferrer noopener">Upcoming Pi Mainnet Launch: Check Speculative Pi Coin Price</a> 
</blockquote>

Pi Network’s $15B Funding: What’s Really Going On?

The Crypto Times

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