#PI The founder of the Pi Network attended a meeting held in Seoul, South Korea.

btc#ETh pi
The founder of Pi Network attended a meeting held in Seoul, South Korea 🇰🇷
Below is an excerpt of the project party's speech from the communication meeting.

The biggest challenges and lessons learned
"In the past six or seven years, we have faced many challenges. One of the main challenges is that Pi has adopted a very unconventional approach."
In today's cryptocurrency field, people generally expect a standardized process: when a protocol is launched, it should be presented in a certain way.
If not, they will refuse. But true innovation comes from breaking these patterns.
We are always focused on building mainstream users—real products, real users, and real merchants—rather than just attracting those who are only interested in price speculation. That’s why we have developed features such as a native KYC solution, allowing millions of users from almost all countries/regions to verify themselves without spending their own money. Currently, over 14 million users have completed KYC, which is unprecedented in the blockchain space. We believe that KYC is crucial for true ownership, compliance, and usability in Web3.
Another significant challenge is scale. Most blockchain projects can run smoothly with thousands of users, but Pi has tens of millions of daily active users. This brings challenges similar to those faced by Web2 giants—running thousands of servers and databases to handle massive traffic. In the early years, our community grew faster than the infrastructure could be built, leading to frequent downtime incidents. Today, the system has stabilized, but scaling remains one of the trickiest technical challenges.
In short, the challenges we face stem from taking a different path and extending to the use at the internet level. However, these difficulties will shape Pi into a stronger project, always guided by our North Star: to build truly practical features for everyday life.

Our approach to ecology has two levels.
"First is the grassroots.
Many people are creating utilities, and although the overall value may be lower, this process often results in high-quality applications.
This is why we launched initiatives like App Studio, which empowers the public with the ability to create.
On this basis, we select the best applications and support them through models such as the Pi App Network, providing resources for developers and creators. This also helps achieve breakthroughs, including utilizing artificial intelligence to empower the creation of the next generation of applications.

Second, a top-down layered approach.
Through Pi Network Ventures, we focus on maintaining a high-quality team aligned with Pi and encourage them to build within the Pi ecosystem. Like any investment fund, we can only support a few projects each year (around a dozen). Therefore, Pi Network Ventures is a high-bar, carefully vetted, and highly interactive initiative.
Through this bidirectional strategy, our goal is to drive the creation of the next generation of impactful applications on Pi.
-Pi Core Team-