#PI# - Pi Network, through its venture capital arm **Pi Network Ventures**, participated in a $20 million funding round for OpenMind, led by Pantera Capital, with follow-on investments from Coinbase Ventures, Sequoia China, and others.


- This investment is the first project of the Pi Network **$100 million venture capital plan**, aimed at supporting "technologies with real-world utility," with a particular focus on areas that can collaborate with the Pi blockchain (such as decentralized authentication and micro-payments between devices).

2. **Motivation for Cooperation**
- **Technical Collaboration**: OpenMind's FABRIC protocol (Cross-Robot Secure Cooperation Framework) has integration potential with Pi Network's **KYC system** and **wallet security system** (such as Passkey one-click authentication), which can collaboratively build a "Human-Machine Collaborative Trust Network".
- **Ecological Expansion**: The Pi Project leverages OpenMind to tap into the **trillion-dollar robotics market**, exploring the payment and settlement functions of the PI token in scenarios such as autonomous driving and smart manufacturing.

---

### ⚙️ **3. Technical Concept Alignment: The Stanford Gene of Decentralized Collaboration**
Both continue the academic tradition of Stanford in the field of distributed systems:
- **Pi Network**: Reducing the barriers to entry for blockchain participation through mobile mining, building an inclusive financial network "owned by the public.";
- **OpenMind**: Breaking down barriers between robot manufacturers through the OM1 operating system, enabling global autonomous collaboration of robots;
- **Common Vision**: Both are committed to establishing a **trust mechanism without central authority**, and the technical architecture emphasizes low energy consumption and high scalability.
PI-0.72%
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