Meme Insider
Hey crypto enthusiasts, if you've been scrolling through X lately, you might've caught this exciting post from BSCNews. They're highlighting a major moment for Pi Network: their co-founder, Chengdiao Fan, took the stage at TOKEN2049 in Singapore. This isn't just any conference—it's one of the biggest crypto events out there, drawing over 20,000 attendees from heavy hitters like Ethereum and Binance.
For those new to Pi Network, it's a mobile-first blockchain project launched back in 2019 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 smartphones with minimal power use. It's grown massively, boasting over 60 million engaged users and hitting mainnet in February 2025. While it's often buzzed about in meme token circles for its viral community growth, Pi is pushing hard toward real utility.
Fan's 15-minute keynote, titled "Crypto's Future: From Liquidity to Utility - Web3 Pathways to Innovation," is available to watch on YouTube. She dives into how blockchain can team up with AI to tackle big economic changes coming our way. Let's break down the key takeaways in simple terms.
Addressing AI's Impact on Wealth Distribution
Fan starts with a big question: As AI takes over more jobs, making human labor less central to the economy, how do we fairly distribute wealth? She points out that our current system, born from the Industrial Revolution, ties wealth to work. But with AI flipping that script, blockchain could step in as a fair, scalable way to redistribute resources. It's auditable, accessible to anyone with a phone, and goes beyond just storing data or computing—it's about creating equitable systems.
This resonates in the meme token world, where quick pumps and dumps are common. Fan's vision suggests a shift toward projects that create lasting value, not just hype.
Shifting from Speculation to Utility
A core theme is moving crypto from pure trading (liquidity) to practical use (utility). Fan critiques much of DeFi—decentralized finance, which is like banking but on blockchain—for focusing on extracting wealth rather than building new value. Instead, she proposes two paths forward:
Bringing Real-World Stuff On-Chain: Tokenizing assets like real estate or using stablecoins (crypto pegged to fiat like USD) for payments. Pi's strong KYC (Know Your Customer) process helps here—it's verified 15 million out of 16 million mainnet users, making it easier to prove ownership and avoid fraud.
Creating New Value Directly on Blockchain: Building fresh production models from scratch. With Pi's huge user base, it's a perfect testing ground. Fan highlights integrating AI to develop on-chain apps that let people run businesses without traditional jobs.
Pi's Tools for the Future
To make this happen, Pi is rolling out cool features:
App Studio: A no-code platform where anyone can build, deploy, and access apps. Tied to Pi's social network, it uses AI to help non-techies create online ventures.
DeFi on Testnet: They've launched tools like PiEx (a decentralized exchange), automated market makers (AMMs, which help with trading liquidity), and liquidity pools. These are open to millions for testing, aiming to boost financial literacy and align incentives away from short-term memecoin flips.
Fan also notes a "short historical window" where AI tech is advancing fast, but apps are still maturing. Pi wants to seize this by blending AI agents with blockchain for decentralized, user-controlled experiences.
Why This Matters for Meme Tokens
At Meme Insider, we're all about those viral, community-driven tokens. Pi's story shows how meme-like growth—starting with simple mobile mining—can evolve into something more substantial. While pure memes thrive on humor and speculation, Fan's insights hint at a hybrid future where utility boosts longevity. Imagine meme tokens integrating AI for smarter communities or real-world apps. It's food for thought as Web3 matures.
If you're into Pi or just curious about crypto's next wave, check out the full BSC News article for more details. What do you think—will AI and utility kill the meme vibe, or supercharge it? Drop your thoughts below!
Disclaimer: This is for informational purposes only. Always do your own research before investing in any crypto project.
