Pi Network, the rapidly growing community of millions mining Pi cryptocurrency and building the Web3 app ecosystem, has announced a series of milestones that highlight its strong growth in the Web3 space. These milestones encompass an increase in full-time Core Team members, numerous app developments, and enhancements to its native KYC ID review algorithms.
Pi Network’s Core Team Expands
Despite the overall contraction in the crypto market, Pi Network’s Core Team continues to grow, indicating the swift development of its ecosystem and long-term vision. Since February 2022, the full-time team member headcount has risen by almost 33% in crucial areas such as product, engineering, and community. The Pi Core team now has around 40 members and is still expanding as the network and ecosystem evolve.
Product and Ecosystem Development
Pi Network has made significant progress in product and ecosystem development with multiple updates and enhancements. The current Enclosed Network period of Mainnet allows Pi to concentrate on completing KYC and Mainnet Migration for most of the network and bootstrapping the Pi ecosystem with meaningful apps and utilities, without being unduly influenced by external factors.
Improvements to KYC ID Algorithms
Pi has been working diligently to improve its KYC ID algorithms to broaden access to its native KYC solution. Officially launched on March 14, 2022, this solution serves as the primary mechanism for validating Pioneers’ identities for Mainnet Migration. Since enabling mass KYC in June of last year, Pi has successfully validated over 3.8 million Pioneers.
Conclusion
Pi Network’s recent milestones showcase its robust growth and the increasing prominence of the Web3 ecosystem. With a growing core team, numerous app developments, and improvements to native KYC ID algorithms, Pi Network is well-positioned to continue its rapid development and make a significant impact in the world of cryptocurrencies.
Do you have any questions or thoughts about Pi Network’s recent milestones or its role in the Web3 ecosystem? Share them in the comments below, and let’s continue to learn and grow together as cryptocurrency enthusiasts!
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