In a recent tweet from BSC News, they highlighted an exciting development in the crypto space: Pi Network's co-founder taking the stage at Token2049 in Singapore. If you're into meme tokens or blockchain projects with massive user adoption, this is worth paying attention to. Pi Network, known for its easy mobile mining app, has been building hype since 2019, and this speech gives us a peek into where it's headed next.

For those new to Pi Network, it's a layer-one blockchain project founded by Stanford grads Nicolas Kokkalis and Chengdiao Fan. Unlike energy-hungry proof-of-work systems like Bitcoin, Pi lets users "mine" coins right from their phones with minimal power use. It's gained a huge following—over 60 million engaged users—thanks to its viral, app-based approach, which has given it a meme-like appeal in the crypto community.

Highlights from Chengdiao Fan's Keynote

Chengdiao Fan, one of the co-founders, delivered a 15-minute talk titled "Crypto's Future: From Liquidity to Utility - Web3 Pathways to Innovation." This was Pi's debut at Token2049, a major crypto event that attracted over 20,000 attendees on October 1, 2025. You can watch the full presentation on YouTube.

Fan emphasized shifting the crypto industry from pure speculation (think liquidity pools and trading hype) to real utility—creating actual value on-chain. She pointed out how AI is changing the economy by reducing the need for human labor, and how blockchain like Pi can help redistribute wealth fairly. In simple terms, as AI takes over more jobs, projects like Pi aim to use crypto to ensure everyone gets a slice of the pie through transparent, scalable systems.

Mainnet Launch and User Verification

Pi Network made a big move earlier this year by opening its mainnet in February 2025. But it's not fully open to everyone yet—only users who've completed KYC (Know Your Customer, a verification process to confirm your identity) can participate. Out of 16 million mainnet users, 15 million are verified, covering most countries worldwide. This focus on KYC helps prevent fraud and makes it easier to integrate with real-world financial services.

Boosting Token Utility with New Tools

One of the coolest parts? Pi is pushing for more than just holding tokens. Fan talked about turning $PI into something useful:

• App Studio: A new platform where anyone—even non-coders—can build and deploy apps connected to Pi's network. It's like a no-code tool on steroids, letting users create AI-powered businesses without traditional jobs.
• DeFi Innovations: They've rolled out testnet tools like PiEx (a decentralized exchange), automated market makers, and liquidity pools. These are open for millions of users to test, helping boost financial literacy and focus on value creation over quick flips.
• AI Meets Blockchain: Pi is betting big on combining AI with crypto. Fan mentioned a "short historical window" to build AI apps on-chain, inviting developers to use Pi's massive user base for testing. This could lead to smarter, decentralized apps that simplify crypto for everyday people.

Why This Matters for Meme Token Fans

While Pi Network isn't your typical pump-and-dump meme coin, its viral growth through mobile mining has meme vibes written all over it. With 60 million users providing real-time feedback, it's like a giant social experiment in crypto adoption. As meme tokens evolve, projects like Pi show how utility can sustain hype—think equitable wealth sharing in an AI-driven world, rather than just moonshots.

If you're holding $PI or curious about meme-inspired projects with real tech, keep an eye on these developments. The original scoop came from BSC News, and the tweet that sparked the buzz is here.

As the crypto landscape shifts toward utility, Pi Network's updates could inspire the next wave of meme tokens that actually stick around. What's your take—will AI and blockchain combos like this redefine memes? Drop your thoughts in the comments!